OpenStack Service Market is projected to grow from USD 18.69 Billion in 2022 to USD 79.63 billion by 2030| Reports BY MRFR

Published February 14, 2023

Market Scenario:

OpenStack Service Market Size was valued at USD 15.2 billion in 2021. The OpenStack service market industry is projected to grow from USD 18.69 Billion in 2022 to USD 79.63 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 23% during the forecast period (2022 - 2030). The rise in cloud adoption, increased demand for continuous security patches, simple and rapid deployment, and the benefit of widespread community support are some key factors driving the growth of the OpenStack service market. Also, numerous advantages that Open stack services offer, such as cost savings, customization, value-added services, and innovation in the product line, positively impact the market demand.

Additionally, the augmenting demand for cloud-based solutions and services boosts the OpenStack service industry globally. The easy availability and deployment of OpenStack platforms in increasing numbers of SMEs boost the open stack service market share. The rapid improvements in IoT technologies and on-demand network providers push market growth. 

On the flip side, the lack of technical assistance and deployment complexity are major factors impeding the market growth. Nevertheless, value-added reseller opportunities in products would support this market’s growth throughout the estimated period. Also, the rising inclination of small and medium-sized business units towards cloud technology and advances in IoT technologies are forecasted to offer significant growth opportunities.

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Key Players:

Canonical (U.K) Huawei (China) Cisco Systems (U.S.) SUSE (Germany) VMware (U.S.) Hewlett Packard Enterprise (U.S.) Oracle Corporation (U.S.) Dell Inc (U.S.) IBM Corporation (U.S.) Red Hat (U.S.)


The report is segmented into five dynamics. 

By Component   : Solution and Services (consulting services, installation & integration   services, and support & maintenance services). 

By Deployment: Public Cloud, Private Cloud, and Hybrid.

By Organization Size: SME and Large Enterprises.

By Vertical: BFSI, IT & Telecommunication, Manufacturing, Retail, Government, and others.

By Regions: Europe, Americas, Asia Pacific, and the Rest-of-the-World.

Regional Analysis:

North America dominates the global OpenStack service market. The largest market share attributes to the presence of several notable players and the early adoption of cloud-based services in the region, improving the OpenStack infrastructure that can re-structure business functions & strategies. Besides, raising usages of private cloud and the adoption of BYOD (Bring Your Device) policy among organizations drives the growth of the market. 

Moreover, advancements in cloud technology and vast numbers of networks due to the digital revolution across the industries influence the OpenStack service market growth. The US and Canada, with their increasing OpenStack service applications, hold considerable shares in the regional market. The North American OpenStack service market is projected to retain its dominance throughout the estimated period. 

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Europe holds the second-largest market share in the global OpenStack service market. The region has seen an increased application in IT & telecommunication sector in the region, fostering market growth. Additionally, market growth is fostered by the increasing adoption of advanced OpenStack services across the industries. 

 Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure




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