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OpenStack Service Market Report by Component Type (Solution, Services), Organization Size (Large Enterprises, Medium Enterprises, Small Enterprises), Platform (Public Cloud, Private Cloud, Hybrid), Application (BFSI, Government and Defense, Information Technology, Telecommunication, Academic and Research, Retail and E-Commerce, Manufacturing, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2134
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Market Overview:
The global openstack service market size reached US$ 7.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 48.4 Billion by 2032, exhibiting a growth rate (CAGR) of 22.2% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 7.6 Billion |
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Market Forecast in 2032
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US$ 48.4 Billion |
| Market Growth Rate 2024-2032 | 22.2% |
OpenStack is an open source platform which allows the user to freely access the source code, modify it and share it with the users at large. It is a type of Infrastructure-as-a-service (IaaS) that facilitates communication and storage between the hardware device of the computer and the cloud. It comprises various computing services such as object and block storages, and networking and shared file systems. It can be utilized for web hosting, conducting big data projects, delivery of Software-as-a-Service (SaaS) and effectively utilizing resources through a web interface. It offers high efficiency, on-demand services, resource pooling, high flexibility and agility. As a result, the service finds wide application in medium and large enterprises along with the manufacturing, telecommunication and energy industries.
The increasing demand for cloud-based and internet-enabled services is the key factor driving the growth of the market. Furthermore, OpenStack offers high cost-efficiency by positioning virtual computing infrastructure that gives control to the user and allows making changes to the hardware or software component in the system. Additionally, it assists organizations in terms of operational effectiveness and financial management that has led to its increased adoption across various industries. The free availability of OpenStack platform, easy deployment and wide adoption of big data analytics across telecom verticals and small and medium-sized enterprises (SMEs) are further driving the market growth. Moreover, technological advancements in OpenStack infrastructure are providing increased capacities for heterogeneous enterprises that require better speed and developer experience, thus resulting in increased adoption of the service.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global openstack service market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component type, organization size, platform and application.
Breakup by Component Type:
- Solution
- Services
Breakup by Organization Size:
- Large Enterprises
- Medium Enterprises
- Small Enterprises
Breakup by Platform:
- Public Cloud
- Private Cloud
- Hybrid
Breakup by Application:
- BFSI
- Government and Defense
- Information Technology
- Telecommunication
- Academic and Research
- Retail and E-Commerce
- Manufacturing
- Others
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
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Bright Computing Inc., Canonical, Cisco Systems Inc., Dell Technologies Inc, Hewlett Packard Enterprise, IBM, Mirantis Inc., Oracle Corporation, Rackspace Inc., Red Hat Inc., SUSE, VMware Inc., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Component Type, Organization Size, Platform, Application, Region |
| Region 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 | Bright Computing Inc., Canonical, Cisco Systems Inc., Dell Technologies Inc, Hewlett Packard Enterprise, IBM, Mirantis Inc., Oracle Corporation, Rackspace Inc., Red Hat Inc., SUSE and VMware Inc. |
| 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 Questions Answered in This Report:
- How has the global openstack service market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global openstack service market?
- What is the breakup of the market based on the component type?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the platform?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global openstack service market and who are the key players?
- What is the degree of competition in the industry?
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