Cloud Management for the OpenStack Market Report by Type (Public Cloud, Private Cloud, Community Cloud, Hybrid Cloud), End User (IT, Academic Research, and Others), and Region 2024-2032

Cloud Management for the OpenStack Market Report by Type (Public Cloud, Private Cloud, Community Cloud, Hybrid Cloud), End User (IT, Academic Research, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6841
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Cloud Management for the OpenStack Market Size:

The global cloud management for the OpenStack market size reached US$ 3.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.2 Billion by 2032, exhibiting a growth rate (CAGR) of 19.05% during 2024-2032. The market is expanding globally, driven by technological advancements, increasing digital transformation, growing awareness of efficient resource management, stringent regulatory standards, and the integration of AI and IoT across diverse industries.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
US$ 3.6 Billion
Market Forecast in 2032
US$ 18.2 Billion
Market Growth Rate 2024-2032 19.05%

Cloud Management for the OpenStack Market Analysis:

  • Market Growth and Size: The market for cloud management in the OpenStack sector is experiencing significant growth. This expansion is fueled by the increasing adoption of cloud technologies across various industries and the need for efficient cloud resource management.
  • Major Market Drivers: Key drivers include the demand for automated and efficient resource management in data centers, the integration of AI and IoT for enhanced functionality, and the necessity for compliance with stringent security standards. These factors are crucial in driving the adoption of management solutions.
  • Technological Advancements: Advancements in AI, machine learning, and IoT are revolutionizing cloud management. These technologies enable predictive analytics, automation of routine tasks, and real-time monitoring, leading to more intelligent and efficient cloud management solutions.
  • Industry Applications: The use of cloud management tools is widespread across industries like finance, healthcare, manufacturing, and IT. These tools are essential for managing complex cloud environments, ensuring data security, and complying with industry-specific regulatory standards.
  • Key Market Trends: There is a growing trend towards the adoption of multi-cloud strategies and customizable management solutions. Also, an increased focus on user experience and the integration of emerging technologies are shaping the market's future.
  • Geographical Trends: North America leads the market due to its advanced IT infrastructure and early technology adoption, followed by Europe and Asia Pacific. The Asia Pacific region is witnessing rapid growth due to digital transformation and increasing IT investment, while Latin America and the Middle East and Africa are emerging markets with growing potential.
  • Competitive Landscape: The market is characterized by the presence of major technology companies engaging in strategic collaborations and R&D. These companies are focused on expanding their product capabilities and global reach to maintain a competitive advantage.
  • Challenges and Opportunities: While the market offers significant growth opportunities, challenges include managing diverse cloud environments and ensuring consistent security across various platforms. However, these challenges also present opportunities for innovation and development in cloud management solutions.

Global Cloud Management for the OpenStack Market

Cloud Management for the OpenStack Market Trends:

Increased demand for efficient resource utilization and automation in data centers

Data centers, being the backbone of IT infrastructure, are experiencing a significant transformation. The need for efficient resource management and automation in these facilities is a key driver. This demand stems from the growing complexity of data center operations, which include a myriad of tasks such as server provisioning, workload distribution, and network configuration. Automation and efficient resource utilization ensure optimal performance, reduce the risk of human error, and lead to significant cost savings. The role of management solutions in this context is to provide a comprehensive and integrated approach to managing these complex environments. They offer tools for automating routine tasks, optimizing resource allocation, and ensuring compliance with industry standards and policies. Consequently, organizations are increasingly adopting these solutions to streamline their data center operations and improve overall efficiency.

Integration with emerging technologies and need for customization

The integration of emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT) with management platforms is another major factor. These technologies bring a new level of intelligence and automation to cloud infrastructure management. AI and ML algorithms can analyze vast amounts of data to predict potential issues, optimize resource usage, and automate routine tasks. IoT integration allows for real-time monitoring and management of a wide array of devices and sensors across the cloud infrastructure. This level of integration facilitates a more proactive and predictive approach to managing cloud environments. Additionally, the need for customization in cloud management is crucial for businesses. Each organization has unique requirements and challenges, and a one-size-fits-all solution is often not feasible. Customizable management solutions allow organizations to tailor the functionality and user interface to meet their specific needs, ensuring a more effective and efficient management process.

Compliance, security concerns, and multi-cloud strategies

Management solutions play a critical role in addressing these concerns. They provide tools for monitoring and managing access control, ensuring data encryption, and complying with various regulatory standards. This is especially important for organizations that handle sensitive data or operate in highly regulated industries. Furthermore, the trend towards multi-cloud strategies, where organizations utilize multiple cloud services from different providers, adds another layer of complexity to cloud management. Managing such diverse environments requires a solution that can seamlessly integrate with different cloud platforms and provide a unified view of all resources. This capability is essential for efficient resource allocation, cost management, and ensuring consistent security and compliance policies across all cloud environments.

Cloud Management for the OpenStack Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type and end user.

Breakup by Type:

  • Public Cloud
  • Private Cloud
  • Community Cloud
  • Hybrid Cloud

Public cloud accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes public cloud, private cloud, community cloud, and hybrid cloud. According to the report, public cloud represented the largest segment.

The public cloud segment is experiencing growth primarily due to its scalability and cost-effectiveness, which are essential for businesses seeking flexible and economical computing resources. This segment benefits from extensive network accessibility, allowing users to easily access services and resources from anywhere, enhancing operational efficiency. Another driving factor is the robust disaster recovery and data backup capabilities inherent in public clouds, ensuring data integrity and continuity of operations. The ease of integration with existing IT infrastructure and the ability to support a wide range of applications and services further contribute to its popularity. Additionally, the public cloud offers advanced analytics and machine learning capabilities, enabling businesses to gain deeper insights and improve decision-making processes.

On the other hand, private cloud is gaining traction in sectors where data privacy and security are paramount, such as finance and healthcare. Its ability to offer a dedicated environment ensures greater control over data and resources, appealing to organizations with strict compliance and regulatory requirements. The customization and flexibility provided by private clouds allow businesses to tailor the infrastructure to their specific needs, enhancing operational efficiency. Despite higher initial costs compared to public clouds, private clouds offer long-term cost savings through optimized resource utilization and improved data management.

Moreover, community clouds are increasingly adopted by organizations with shared interests and requirements, as they offer a cost-effective way to manage and share resources collaboratively. These clouds provide enhanced security and compliance features tailored to the specific needs of the community, making them suitable for sectors like government agencies and educational institutions. The collaborative nature of community clouds fosters innovation and knowledge sharing among member organizations. Moreover, they offer scalability and flexibility, allowing member organizations to efficiently manage resource demands.

Furthermore, hybrid clouds are preferred for their ability to offer the best of both private and public clouds, providing flexibility and scalability while maintaining data privacy and security. This segment appeals to businesses needing to keep sensitive data in a private environment while leveraging the public cloud for less critical data and applications. Hybrid clouds facilitate seamless workload movement between private and public clouds, enabling efficient resource allocation and improved disaster recovery strategies. They also support changing business needs, allowing organizations to quickly adapt to market changes and new technological advancements.

Breakup by End User:

  • IT
  • Academic Research
  • Others

IT holds the largest share in the industry

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes IT, academic research, and others. According to the report, IT accounted for the largest market share.

The IT segment's interest in cloud management solutions is driven by the need for enhanced operational efficiency and reduced IT costs. These solutions simplify the management of complex cloud infrastructures, enabling IT teams to focus on strategic initiatives rather than routine maintenance. Additionally, the increased demand for scalable IT resources to support fluctuating workloads is a significant factor. Cloud management tools offer comprehensive security and compliance management, which is crucial for IT departments handling sensitive data. Furthermore, the integration of advanced technologies such as AI and analytics in these solutions empowers IT teams with predictive insights and automated management capabilities, enhancing overall IT performance.

On the other hand, in the academic research segment, cloud management solutions are valued for their ability to handle large volumes of data and complex computational tasks efficiently. These tools facilitate collaboration among researchers by providing easy access to shared resources and data. The scalability of cloud resources is particularly beneficial for research projects that experience variable data processing demands. Moreover, the cost-effectiveness of cloud solutions enables academic institutions to allocate more resources to research initiatives rather than IT infrastructure.

Breakup by Region:

  • 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
  • Middle East and Africa

North America leads the market, accounting for the largest cloud management for the OpenStack market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America's market dominance in this sector is largely attributed to the region's early and robust adoption of advanced cloud technologies. The presence of major technology companies and a highly developed IT infrastructure provide a conducive environment for growth. Additionally, significant investments in research and development, coupled with a strong focus on innovation, drive the market forward in this region. The growing awareness among enterprises about the benefits of efficient cloud resource management and the need for scalable solutions also contribute to this trend. Furthermore, stringent regulatory standards in countries like the United States and Canada necessitate sophisticated management tools to ensure compliance and data security.

In Asia Pacific, the market is expanding due to the increasing adoption of cloud services among small and medium-sized enterprises. Rapid digital transformation in key economies like China and India fuels this growth. The region benefits from a growing IT sector and increased investment in cloud infrastructure. Additionally, government initiatives promoting digitalization across various industries further enhance the market's potential in Asia Pacific.

Europe's market is growing due to the widespread adoption of cloud services across various industries, including finance, healthcare, and manufacturing. The region's stringent data protection laws, like GDPR, necessitate robust management solutions for compliance. Additionally, the presence of numerous cloud service providers in Europe encourages competitive advancements in this field. Collaboration between businesses and cloud service providers is also a key factor driving market growth in Europe.

The Latin American market is witnessing gradual growth with the increasing digital transformation in countries like Brazil and Mexico. The rising adoption of cloud technologies in public and private sectors contributes to this trend. Additionally, growing awareness of the benefits of efficient cloud resource management among enterprises supports the market's expansion. Furthermore, improvements in IT infrastructure in the region are enabling the adoption of advanced cloud solutions.

In the Middle East and Africa, the market is developing, primarily driven by the increasing adoption of cloud technologies in the Gulf Cooperation Council (GCC) countries. Initiatives by governments in the region to diversify economies and reduce oil dependence are fostering technology adoption. The growing startup ecosystem, particularly in areas like fintech, is also contributing to the demand. Moreover, improvements in IT infrastructure and increasing internet penetration are key enablers of market growth in this region.

Leading Key Players in the Cloud Management for the OpenStack Industry:

Key players in the market are actively engaging in strategic collaborations, innovative research, and development to enhance their offerings in cloud management solutions. They are focusing on integrating advanced technologies like artificial intelligence and machine learning to offer more efficient, automated, and secure management tools. These companies are also expanding their global reach through partnerships and mergers, aiming to cater to a wider range of industries and regions. Additionally, they are investing in improving user experience and customizability to meet the unique needs of various businesses. Through these efforts, these market leaders are not only consolidating their positions but also driving the overall growth of the cloud management sector.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • BMC Software Inc.
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise Company
  • Micro Focus International plc
  • Oracle Corporation
  • Red Hat Inc. (International Business Machines Corporation)
  • Splunk Inc.
  • VMware Inc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

  • November 6, 2023: BMC Software Inc. today announced that its BMC Helix Enterprise Service Management solution has been designated a leader in The Forrester Wave: Enterprise Service Management, Q4 2023 report. The BMC Helix Enterprise Service Management solution received the highest possible score in 16 criteria, including vision, roadmap, and partner ecosystem.
  • December 21, 2023: Cisco Systems Inc. today announced the intent to acquire Isovalent, a leader in open source cloud native networking and security, to bolster its secure networking capabilities across public clouds. The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud delivered, integrated security platform for organizations of any shape and size.
  • January 9, 2024: Hewlett Packard Enterprise and Juniper Networks, Inc., a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14 billion.

Cloud Management for the OpenStack Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Type
  • End User
  • Region
Types Covered Public Cloud, Private Cloud, Community Cloud, Hybrid Cloud
End Users Covered IT, Academic Research, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BMC Software Inc., Cisco Systems Inc., Hewlett Packard Enterprise Company, Micro Focus International plc, Oracle Corporation, Red Hat Inc. (International Business Machines Corporation), Splunk Inc., VMware Inc., etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cloud management for the OpenStack market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global cloud management for the OpenStack market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cloud management for the OpenStack industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global cloud management for the OpenStack market was valued at US$ 3.6 Billion in 2023.

We expect the global cloud management for the OpenStack market to exhibit a CAGR of 19.05% during 2024-2032.

The rising adoption for cloud management for the OpenStack platform to improve security, reduce costs, manage enormous clusters for computing and storage, and boost business agility, availability, and efficiency by providing a platform on demand, is primarily driving the global cloud management for the OpenStack market.

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment for cloud management for the OpenStack platforms, as they help in managing and building cloud-computing platforms during the remote and Bring-Your-Own-Device (BYOD) models.

Based on the type, the global cloud management for the OpenStack market has been divided into public cloud, private cloud, community cloud, and hybrid cloud. Among these, public cloud currently exhibits a clear dominance in the market.

Based on the end user, the global cloud management for the OpenStack market can be categorized into IT, academic research, and others. Currently, IT accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global cloud management for the OpenStack market include BMC Software Inc., Cisco Systems Inc., Hewlett Packard Enterprise Company, Micro Focus International plc, Oracle Corporation, Red Hat Inc. (International Business Machines Corporation), Splunk Inc., VMware Inc., etc.

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Cloud Management for the OpenStack Market Report by Type (Public Cloud, Private Cloud, Community Cloud, Hybrid Cloud), End User (IT, Academic Research, and Others), and Region 2024-2032
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