Global OpenStack Service Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “OpenStack Service Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the OpenStack Service Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
North America is the leading region for this market owing to increase in adoption of network enabled smart devices, and developments in cloud technology.
OpenStack is a combination of open source tools which uses pooled virtual resources to construct and manage private and public clouds. OpenStack infrastructure mainly supports web hosting, software-as-a-service (SaaS), and a big data projects. Moreover, OpenStack software mainly 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.
The global OpenStack service market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
The major driving factor for the growth of the market is increase adoption rate of cloud platforms by organizations to manage their work effectively and efficiently. Moreover, the market provides hybrid cloud accessibility and is somewhat easy to deploy in comparatively low time. These are some more factors for propelling the growth of market. The factors responsible for hampering the growth of market includes issues related to the security. Additionally, high deployment cost and performance related issues owing to high amount of data on cloud are other elements lowering the growth of the market.
According to the segmentation, the market is divided into different number of segments such as by component, by organization size, by vertical, and by region. On the basis of component segment, the market is divided into solution and service. According to the organization size segment, market is bifurcated into large enterprises, small and medium enterprises (SMEs). Based on the vertical, the market is classified into government & defense, IT, telecommunication, academic & research, and others.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global OpenStack Service Market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Canonical Ltd., Huawei Technologies Co. Ltd., Cisco Systems Inc., Oracle Corporation, Red Hat Inc., Mirantis Inc., SAP SE, Hastexo Professional Services GmbH, EasyStack Inc., and Bright Computing Inc.
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