OpenStack Service Market Overview:
The OpenStack service market is setting new trends as its involvement in cloud computing is becoming more pronounced every day. A collection of open source software, OpenStack provides a necessary framework for the managing and operation of cloud computing. Its easy deployment as infrastructure-as-a-service can simplify web hosting and big data projects. Comprised of a glance, ironic, Nova, cinder, keystone, horizon, Mistral, etc. OpenStack services offer a complete and production-ready platform for enterprises on which they can build and make use of their own private and public cloud. The global OpenStack service market can grow with an outstanding CAGR of 29% during the forecast period of 2017-2023. In the meantime, it can scale valuation of USD 8 billion by the end of 2023. The report of Market Research Future (MRFR) integrates segmental analysis and detailed description of the drivers that can impact the future market.

Among the major factors, its easy deployment, no compulsion of customer lock-in, and wide-community support can be seen as main influencers across several industries. Companies look for effective and efficient handling of their work, which has been triggered further with the growing adoption rate of smartphones and big data analytics. Cloud computing is a much-secured option for such operations which gets considerable support from OpenStack services. Almost 70% of the organizations believe OpenStack Service Market is an integral part of their cloud strategy that can enhance the performance of their existing KPI (key performance indicator). In addition, the OpenStack platform is free which increases its popularity among the small and medium enterprises (SMEs). These factors can contribute significantly to the growth of the OpenStack services market.

Despite such advantages, the OpenStack services market can have difficulties in having a smooth ride during the forecast period. The chief constraint can be the lack of expertise in operating such technically-challenging sector.

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Competitive Analysis:
Key innovators of this OpenStack service market are Puppet (U.S.), Aptira (Australia), CDI LLC (U.S.), Pactera Technology International Ltd. (China), Techblue Software Private Limited (India), The Cloudscaling Group, Inc., (U.S.), Cyxtera Data Centers, Inc. (U.S.), AQORN (U.S.), and others.
In June 2018, Suse declared that it is getting acquired by EQT, a development-focused investment fund. This can increase the investment opportunities for both the companies.

In November 2018, IBM declared that its plan to buy Red Hat for a whopping USD 34 billion could better the OpenStack services. The latter is one of the pioneers of the field which can provide better market growth.

Segmental Analysis:
The global OpenStack service market has been segmented on the basis of the component, deployment, organization size, and vertical.
• Component-based segmentation of the OpenStack service market covers services and solution. The services can be segmented into installation & integration services, consulting services, and support & maintenance services.
• Based on the deployment, the OpenStack service market comprises public cloud, private cloud, and hybrid cloud.
• On the basis of the organization size, the OpenStack service market includes SME and large enterprises.
• Based on the vertical, the OpenStack service market can be segmented into information technology (IT) & telecommunication, banking, financial services and insurance (BFSI), retail, government, manufacturing, and others.

Regional Analysis:
Geographical analysis of the OpenStack service market has its focus on North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is currently leading the market and is expected to retain its leading position during the forecast period. The region is having a prolific run with cloud computing which is expected to boost the regional OpenStack service market. Technological advancements and superlative industrial infrastructure are set to back the percolation of OpenStack service sector across verticals.

Europe’s growth can also be significant as the need for Bring Your Device (BYOD) policy among organizations is getting accolades from all quarters. Country-specific markets of France, Germany, and the United Kingdom (UK) are bound to provide thrust to the regional market. The APAC market growth can be a decent one with emerging economies getting more involved with this technology.

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Intended Audience:
• Network and System Integrators
• OpenStack Software Providers
• Marketing Analytics Executives
• Cloud Architects
• Cloud Operators or System Administrators
• Research Organizations
• Market Investors


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