18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “OpenStack Market By Deployment Mode (Private Cloud, Public Cloud, and Hybrid Cloud) and By End User (BFSI, Academic & Research, Retail & E-Commerce, IT, Telecommunication, Manufacturing, Government and Defense, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global OpenStack market in 2019 was approximately USD 3.19 Billion. The market is expected to grow at a CAGR of 30% and is anticipated to reach around USD 19.35 Billion by 2026.
OpenStack is a set of software tools that includes that helps to manage and build cloud computing platform. It controls the functionalities within compute, storage, and networking resources by a data center that is managed by an API or web dashboard. OpenStack came into existence in year 2010 by a joint project of Rackspace Hosting with NASA later on it was managed by a non-profit community that is OpenStack Foundation. The entity helps in promoting the software and the community, several companies have also joined the project.
Browse the full “OpenStack Market By Deployment Mode (Private Cloud, Public Cloud, and Hybrid Cloud) and By End User (BFSI, Academic & Research, Retail & E-Commerce, IT, Telecommunication, Manufacturing, Government and Defense, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/openstack-market-by-deployment-mode-private-cloud-public-1219
Growing demand of cloud-based services coupled with free availability of Openstack platform are some of the high impact rendering drivers of the market. Additionally, vendor lock-in is not required in OpenStack software that contributes significantly in the market growth. However, lack of technical assistance along with growing security concerns are the major factors curtailing the market growth. Nonetheless, high adoption rate of OpenStack platform in telecommunication industry is expected to uplift the demand in the projected year.
Geographically, North America holds the largest revenue share in global OpenStack market while Europe is growing at the highest rate. Europe region growth is supported by the large investments and deployment cloud-based services powered by OpenStack platform. Asia Pacific region is holds significant share during forecast. The Asia region is mainly driven by the new initiatives taken by cloud-based companies in China to increase the deployment rate of OpenStack platform.
India and Japan has followed China for total rise in OpenStack users from 2016 to 2017 as per a survey conducted by OpenStack Foundation in 2017. Some of the prominent players such as Mirantis, NetApp, and Orange Business Services are focused towards launching private and public cloud OpenStack platform in the Middle East and Africa region is considered as a major factor contributing towards the growth of OpenStack market in this region.
The OpenStack Market is segmented based on deployment mode, end user, and regions. On the basis of deployment mode the market is classified as private cloud, public cloud, and hybrid cloud. Public cloud division of cloud type segment is contributing significantly in the market growth along with this hybrid cloud is examined as one the most lucrative segment among others.
By end user Openstack market is divided into BFSI, academic & research, retail & e-commerce, IT, Telecommunication, manufacturing, government and defense, and others. Telecommunication segment is projected to witness the highest CAGR in the forecast period. IT is contributing notably in present year and expected to grow at a significant rate. Major countries involved in the market report are the United States, Germany, Canada, France, UK, China, Japan, India, Mexico, Brazil, Saudi Arabia, and Others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3.19 Billion |
Projected Market Size in 2026 |
USD 19.35 Billion |
CAGR Growth Rate |
30% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Canonical, Huawei, Cisco Systems, SUSE, VMware, HPE, Oracle, Dell EMC, IBM Corporation, Red Hat, Rackspace, Mirantis, Platform9 Systems, EasyStack, and Bright Computing, and Others |
Key Segment |
By Deployment, End User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the major market players for global OpenStack market
Canonical, Huawei, Cisco Systems, SUSE, VMware, HPE, Oracle, Dell EMC, IBM Corporation, Red Hat, Rackspace, Mirantis, Platform9 Systems, EasyStack, and Bright Computing among others.
This report segments the OpenStack market as follows:
By Deployment Mode Segmentation Analysis
- Private Cloud
- Public Cloud
- Hybrid Cloud
By End User Segmentation Analysis
- BFSI
- Academic & Research
- Retail & E-Commerce
- Information Technology (IT)
- Telecommunication
- Manufacturing
- Government and Defence
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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