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Open Source Products: Latest Market Trends and Statistics

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Global Open Source & Free Software Industry

The global open source software industry is expected to record yearly growth of 22% to exceed $8 billion in 2013, according to market research from IDC. Open software is produced by way of public collaboration, with an openly published source code that is then enriched by others as opposed to traditional software where the source code is strictly protected.

The global software market, worth close to $300 billion, has been changed by the presence of open source software on the market. Originally a propriety software substitute, open source is being used in a more direct manner across a wide array of commercial products. Open source software allows users to view, copy, change and distribute both the source code and the software, depending on licensing conditions. Open source has many advantages including innovation, customization, affordability, interoperability and local content development.

Firms are eager to avail of reasonably priced testing solutions to detect software bugs, while also speeding up the time-to-market period for software products. Testing tools are becoming more costly due to market expansion, driving IT firms to take advantage of open source testing tools.

Within the current economic climate, open source software is increasingly attractive for businesses seeking to cut costs to better weather the economic recession. Though open source has been available on the IT market for more than 20 years, the market is benefiting from changing mindsets regarding intellectual property in terms of production, distribution and IT market commoditization.

Commercial open source software companies develop commercial solutions by adding supplementary features to existing open source software for more publicly available products with a greater degree of usability.

Developments

Open source tools are useful to enhance testing life cycle quality and foresight, which cuts down on application development expense as tool investments are reduced, reports technology firm Cognizant. A number of advancements have contributed to open source tools, including organizational budget cuts due to the economic recession, the innovation potential of open source for IT professionals and the increasing importance attributed to open source within the business agenda. Other significant factors making open source tools more attractive include: less time-intensive development, quicker procurement, flexibility and low ownership cost.

Leading Examples

Among leading open source software names operating on the market are: SugarCRM, OpenOffice, MySQL, Apache Web Server, Firefox browser and the Linux operating system.

Linux operates an array of computer hardware such as televisions, tablet computers, gaming consoles and mobile phones; it also runs the world’s top ten supercomputers, and over 90% of all supercomputers.

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Parent industry: Software
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