Openstack Services Market Size, Share, Trends, Growth 2032

Openstack Services Market Insights

According to Zion Market Research, the global Openstack Services Market was worth USD 16.85 Billion in 2023. The market is forecast to reach USD 187.28 Billion by 2032, growing at a compound annual growth rate (CAGR) of 30.68% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Openstack Services industry over the next decade.

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Openstack is a cloud-based open source platform.It controls a large amount of networking and storage resources across a datacenter, which is managed by a control panel that gives control to administrators while allowing their users to deliver resources through a web interface.It boosts scalability and resource utilization, as private Openstack clouds offer significant scalability, and this can drive the market in forecast period.

Global Openstack Services Market: Overview

OpenStack is a combination of software tools which is used for building and managing the cloud computing platforms mainly for public and private cloud infrastructures. OpenStack is open source software and is deployed as infrastructure-as-a-service. OpenStack is a collection of open source software parts that provide a framework to create and manage the infrastructure based on public cloud and private cloud. OpenStack infrastructure supports web hosting and big data projects. OpenStack cloud platform is a combination of various components such as glance, ironic, nova, cinder, keystone, horizon, mistral, etc which offers complete and production-ready platform for an enterprise to build and operate their own private and public cloud. OpenStack software consists of five deployment models such as OpenStack-based public cloud, on-premises distribution, hosted OpenStack private cloud, OpenStack-as-a-Service, and appliance-based OpenStack.

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Global Openstack Services Market: Growth factors

The major growth factors of the global openstack services market are easy and fast deployment, no compulsion of customer lock-in, and advantage of wide community support. The high adoption rate of cloud platforms, to manage the work effectively and efficiently, by enterprises globally is a major factor driving the growth of the global openstack services market. The openstack providers are working continuously on providing security patches with solutions and services to improve the security of the Openstack solution. The current trend of the market to adopt smart devices, rising demand for bid data analytics and bring your own device is expected to drive the growth of the Openstack market.

The key restraining factors to the growth of the Openstack service market is the growing security concerns which are related to the technology which is prone to breach and access by hackers as it is still in the developing stage. The issues related to security, high deployment cost and performance related issues due to the large data in the cloud are some factors hampering the growth of the global Openstack services market.

Global Openstack Services Market: Segmentation 

The segmentation of the global openstack services market can be done by component, by organization size and by vertical.

In terms of segmentation by component, the market is divided into solution and services.

The segmentation by organization size is into large enterprises and small and medium-sized enterprises.

By vertical, the openstack services market is segmented into Government and defense, IT, telecommunication, academic and research, BFSI< retail and e-commerce, manufacturing, and others which includes consulting, real estate, media and entertainment, and advertisement.

Openstack Services Market: Report Scope

Global Openstack Services market: Regional Analysis

The largest share of the global openstack service market is estimated to be of North America primarily because of the high adoption rate of latest technologies like Big Data, IoT, cloud computing and business intelligence tools. Based on region, the European market is projected to grow at the highest CAGR. This growth can be attributed to the increase in the use of data security and open source software which forces the enterprises to adopt the Openstack services.  The regions like China, Japan, India, Australia, and South Korea are estimated to have a high growth rate during the forecast period, due to the increased research and development investments made by many companies in digital transformation.

Global Openstack Services market: Competitive Players

Some of the most important market players in the global openstack services market are

• Canonical
• Huawei
• Cisco Systems
• SUSE
• VMware
• HP
• Oracle
• Dell EMC
• IBM
• Red Hat
• Rackspace
• Mirantis
• Platform9 Systems
• EasyStack
• Bright Computing

This report segments the global openstack services market into:

By Component

• Solution
• Services

By Organization Size

• Large Enterprises
• SMEs

By Vertical

• Government and Defense
• IT
• Telecommunication
• Academic and Research
• BFSI< Retail and E-Commerce
• Manufacturing
• Others

Global Openstack Services market: Regional Segment Analysis 

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.