Open source platform is the major driving factor for growth of the global open stack services market
Summary of the Report:
Global Open Stack Services Market, By Provider (Services and Solution), By Infrastructure (SMEs (Small and Medium Enterprises) and Large Enterprises), By End-User (Information Technology, Academic Research, Healthcare/Life Science, and Telecom), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),
Market Overview:
Unlike traditional on-premise servers, Open Stack services can be used to manage large numbers of cloud computing applications. A common example of such an application is a website hosting service, which can be easily scaled without the need for physical space. Another use of cloud computing is for financial services, where businesses need to store large amounts of information. In this case, Open Stack can be used to handle such a process. Despite its popularity, not every business will benefit from this technology. In Open Stack, users can deploy many instances. This allows them to scale their infrastructure horizontally. This can be very useful for mobile applications, which can divide their work across multiple instances.
Competitive Landscape:
Key companies contributing to the global open stack services market include Huawei Technologies Corporation Ltd., Helion Open Stack Corporation, Oracle Corporation, Dell EMC Corporation, Cisco Systems Ltd., Canonical, VMware, SUSE, Red Hat Open Stack, Rack-space, Mirantis Open Stack, and IBM Cloud Manager.
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Market Drivers:
High adoption of Infrastructure-as-a-Service (IaaS) solutions across SMEs and large enterprises to enable secure communication between their hardware devices and cloud platforms is expected to augment the growth of the open stack services market during the forecast period.
Moreover, increasing deployment of big data analytics across the telecommunication sector is expected to supplement the growth of the open stack services market over the forecast period.
Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
The Epitome of the COVID-19 Aftermath:
The emergence of the COVID-19 virus has spurred the progress of the global open stack services market. The prevalence of the virus has forced several sectors to shift their workforce from in-office to a WFH (work-from-home) model, which, in turn, has skyrocketed Internet consumption globally. As a result of this shift, the occurrences of cybercrime and malware attacks have increased significantly, creating a pool of opportunities for market participants.
Some of the important questions answered in this report include:
What are the top five Open Stack Services Market players?
What will the Open Stack Services Market look like in the following years?
Which product and application will dominate the Open Stack Services Market?
What are the Open Stack Services Market’s drivers and restraints?
Which regional market will represent the highest growth?
What will be the CAGR and market size of the Open Stack Services Market over the forecast period?
What is the present market size, what will it be in 2029, and what will be the growth rate?
What are the constraints to market growth?
What market opportunities and risks do the key companies face?
Who are the main competitors, and what is their strategic approach?
What are the market’s entry challenges for new players?
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Detailed TOC of Open Stack Services Market Forecast Report:
1 Open Stack Services Market Overview
1.1 Product Overview and Scope of Open Stack Services Market
1.2 Segment by Type
1.3 Global Segment by Application
1.4 Global Market, Region Wise (2017-2022)
1.5 Global Market Size of Open Stack Services Market (2017-2029)
2 Global Open Stack Services Market Landscape by Player
2.1 Global Open Stack Services Market Sales and Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price by Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Open Stack Services Market Upstream and Downstream Analysis
3.1 Industrial Chain Analysis
3.2 Key Raw Materials Suppliers and Price Analysis
3.3 Key Raw Materials Supply and Demand Analysis
3.4 Manufacturing Process Analysis
3.5 Market Concentration Rate of Raw Materials
3.6 Downstream Buyers
3.7 Value Chain Status Under COVID-19
Market Scale and Segment Analysis:
By Provider:
- Solution
- Services
By Infrastructure
- Large Enterprises
- Medium Enterprises
- Small Enterprises
By End-User
- Academic Research
- Information Technology
- Telecom
- Healthcare/Life Science
- Others
Key Takeaways
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The open stack services market is anticipated to grow at during the forecast period owing to the increased adoption across several sectors coupled with the growing collaborative deals among major participants. For instance, in February 2022, Robin.io, a major cloud services provider, announced plans to display its new 5G deployment and management techniques at the Mobile World Congress – Barcelona, 2022.
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Considering the territorial landscape, the global open stack services market in the North American region is projected to accelerate at a scalable rate on the heels of the increasing volume of virtual business agreements and the rising popularity of ‘smart contracts’.
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Regarding the same, Asia Pacific is another region of interest for the global open stack services market on account of a booming Software-as-a-Service (SaaS) industry and increasing M&A strategies among major market participants.
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The post Open Stack Services Market is set to achieve new pandemic-era benchmarks with the growing adoption of IaaS solutions across SME, Competitive Analysis: Oracle Corporation, Dell EMC Corporation, Cisco Systems Ltd. appeared first on Gatorledger.
