OpenStack Service Market to See Huge Demand by 2030: Cisco Systems,Oracle,IBM
HTF Market Intelligence published a new research publication on OpenStack Service Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the OpenStack Service market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Cisco Systems (United States) Oracle (United States),Dell EMC (United States),IBM (United States),Canonical (United Kingdom),Huawei (China),SUSE (Germany),VMware (United States),HPE (United States),Red Hat (United States)]
According to HTF Market Intelligence, the Global OpenStack Service market to witness a CAGR of 24.8% during forecast period of 2023-2028. The market is segmented by Global OpenStack Service Market Breakdown by Application (Large Enterprises, Small & Medium Enterprises (SMEs)) by Type (Public Cloud, Private Cloud) by Industry Verticals (Government & Defense, IT, Telecommunication, Academic & Research, BFSI, Retail & E-Commerce, Manufacturing, Others) by Component (Solution, Service) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The OpenStack Service market size is estimated to increase by USD 10.16 Billion at a CAGR of 24.8% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 2.79 Billion.
Definition:
OpenStack is an open-source software platform for building and managing private and public clouds. It provides a range of services and tools to help organizations create and manage cloud computing infrastructure. OpenStack Services Market refers to the market for services related to OpenStack, including consulting, implementation, integration, support, and maintenance services.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of OpenStack Service Market: Public Cloud, Private Cloud
Key Applications/end-users of OpenStack Service Market: Large Enterprises, Small & Medium Enterprises (SMEs)
Market Trends:
Increasing Adoption of Smart Devices, Growing Demand for Big Data Analytics and Advantage of Wide Community Support
Market Drivers:
High Demand due to Easy and Fasy Deployment, High Adoption Rate of Cloud Platform and No Compulsion of Vendor Lock-In
Market Opportunities:
Anticipated Increase in the Number of OpenStack Service Providers and The Growing demand from the Telecom Sector
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