Global OpenStack Services Market Expected to Be US$15.9 Billion by 2030 | Compound annual growth rate (CAGR): 26.8% | Panorama Data Insights Ltd. Press release

The global open stack services market is expected to reach US$2.8 billion in 2021 and US$15.9 billion by 2030, growing at a compound annual growth rate of 26.8% during the projected period from 2022 to 2030. It grows at a compound annual growth rate (CAGR).

OpenStack is a platform for managing and building private and public clouds. It also includes tools for creating and managing cloud computing platforms. OpenStack manages private and public clouds. And a creative platform. Also, it contains tools for creating and managing cloud computing. There are several projects in OpenStack. The core services of cloud computing are networking, storage, identity, and image management.

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It also has the ability to combine dozens of projects to create your own deployable cloud. OpenStack is a script embedded in a package called the Cloud Computing Environment Build Project. It is an aggregate. With OpenStack, users can also manage their cloud environment. using instances such as virtual machines.

However, anyone can access the source code, make necessary changes, and freely share those changes.

Factors Affecting Market Growth

Market dynamism:Growing adoption of cloud computing, continuous demand for security patches, and easy and quick deployment are factors that are driving the global market.

Market Threat:Rising concerns over security and installation issues may slow down market growth.

Market Opportunity:The growing adoption of big data analytics, adoption of internet-enabled devices, and the rise of cognitive computing have the potential to provide favorable opportunities for the global market.

COVID-19 Impact Analysis

COVID-19 has touched the lives of many people and businesses like never before. Many cloud deployment plans have been affected. Some organizations are preparing for a future cloud COVID-19 outage. Accelerate the transition to, therefore, more cloud – related decisions have been made.

Due to social distancing issues, physical contact was no longer tolerated in any communication, and organizations and institutions suddenly turned to digital solutions to stay productive. Digitization is now a global phenomenon.

Cloud computing is also seen as valuable beyond the urgent need for remote working, so various industries are expanding their digital transformation efforts and spending more on information technology or cloud resources.

  • Digitization and cloud adoption are creating favorable opportunities for the OpenStack services market.
  • North America is expected to dominate the market over the forecast period.
  • However, Europe is expected to experience strong growth over the forecast period.

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Below is a list of the major companies in the global OpenStack services market.

  • Cisco Systems Incorporated
  • Oracle Corporation
  • IBM Corporation
  • Huawei Company
  • Platform9 Systems, Embedded
  • Red hat, incorporated
  • VMware, Embedded
  • Limited canonical
  • EasyStack Incorporated
  • Mirantis, Incorporated
  • Platform9 Systems, Embedded
  • Other top players

Sector analysis

The global OpenStack services market is segmented focusing on components, deployment types, company size, industry sector and region.

Component-based segmentation

Solution

service

Segmentation based on deployment type

Public

private

hybrid

Segmentation by company size

SME

· Big deal

Segmentation based on industry

IT and Telecom

· Health care

Manufacturing

· Retail and e-commerce

Multimedia Entertainment

Banking, financial services, insurance

Government and Defense

· others

By region
North America

  • America
  • Canada
  • Mexico

Europe
Western Europe

  • England
  • Germany
  • France
  • Italy
  • Spain
  • Other Western European countries

Eastern Europe

  • Poland
  • Russia
  • Other Eastern European countries

Asia Pacific

  • China
  • India
  • Japan
  • Australia / New Zealand
  • Association of Southeast Asian Nations
  • Other regions of Asia-Pacific

Middle East/Africa (MEA)
United Arab Emirates (UAE)

  • Saudi Arabia
  • South Africa
  • Other regions Middle East/Africa

South America

  • Brazil
  • Argentina
  • Other parts of South America

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