Openstack Service Market Highlights:
OpenStack service refers to a cloud operating system wherein a set of open source tools that are used to control and manage compute, storage, and networking resources with common authentication mechanisms. OpenStack services have gained widespread adoption across diverse industries for its scalability, security, resilience. Market Research Future (MRFR's) latest study on the global OpenStack service market provides a comprehensive view of the market along with the analysis of key trends and factors that are likely to impact the growth of the market in the coming years. MRFR's analysis has predicted the OpenStack service market to attain a valuation of USD 8 Bn at an impressive CAGR of 29% over the forecast period of 2017-2023.

Moreover, OpenStack Services Market have become ideal for delivering Infrastructure-as-a-Service (IaaS), which is a key market driver. The number of OpenStack users have increased steeply over the last few years due to the various advantages aligned with it, such as easy deployment, cost savings, value-added services, customization, and others. The financial sector has been an early adopter of open stack service with leading players such as BVA, Banco Santander, Commonwealth Bank, and China UnionPay adopting OpenStack service. OpenStack has become the preferred choice for telecommunication companies and is being progressively adopted in the media sector.

OpenStack services are free due to which they have gained massive momentum among SMEs. Furthermore, OpenStack adoption is gradually percolating across the healthcare, retail, and manufacturing industries, which is likely to foster the growth of the market over the forecast period. On the contrary, the growth of the OpenStack service market is likely to be deterred by the dearth of technical capabilities which hinders deployment.

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Competitive Landscape:
Platform9 Systems (U.S.), Hewlett Packard Enterprise (U.S.), Dell Inc. (U.S.), Oracle Corporation (U.S.), VMware (U.S.), Huawei (China), Bright Computing (the Netherlands), Rackspace (U.S.), SUSE (Germany), IBM Corporation (U.S.), Cisco Systems (U.S.), EasyStack (China), Mirantis (U.S.), Red Hat (U.S.), and Canonical (U.K) are the key players in the OpenStack service market.
Pactera Technology International Ltd. (China), Aptira (Australia), Cyxtera Data Centers, Inc.(U.S.), AQORN (U.S.), Puppet (U.S.), CDI LLC (U.S.), Techblue Software Private Limited (India), The Cloudscaling Group, Inc., (U.S.), and others are among the market players who are actively involved in innovation.

Segmentation:
The global open stack service market has been segmented based on component, organization size, and vertical.
• By component, the OpenStack service market has been segmented into solution and services. The services segment can be further segmented into consulting services, installation & integration services, and support & maintenance services.
• By deployment, the OpenStack service market has been segmented into the public cloud, private cloud, and hybrid.
• By organization size, the OpenStack service market has been segmented into SME and large enterprises.

Regional Analysis
Region-wise, the OpenStack service market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America has captured the foremost share of the global OpenStack service market and is likely to retain its dominance throughout the forecast period. North America region houses some of the leading names in the market which provides the region with additional advantage over other regions. Numerous large enterprises present in the region combined with mass-scale adoption of cloud computing have boosted the demand for OpenStack service. Other factors which substantiate the growth of the market include the adoption of
BYOD (Bring Your Device) policy among enterprises, advanced technological competencies, and the presence of a robust IT infrastructure which aids in easy integration of OpenStack services.

The APAC OpenStack service market is anticipated to exhibit considerable growth over the forecast period. Ongoing digital transformation in the region has resulted in concrete investments being made in OpenStack services by enterprises to gain business advantage, which can drive the market over the forecast period.

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Industry Updates:
July 2019 - Sardina Systems, provider of automated and virtualized systems management technology, announced a partnership with MEGWARE, the German trusted leader for High-Performance Computing (HPC). Sardina's FishOS OpenStack cloud would provide MEGAWARE's users with all various automation tools.

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