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Open Source Services Market by Service Type, Industry And Region - Global Forecast to 2022

Open Source Services Market: Global Forecast until 2022

  • February 2018
  • 88 pages
  • ID: 5336559
In this report:
The global open source services market size is expected to grow from USD ##.## billion in 2016 to USD ##.## billion by 2022, at a CAGR of ##.##% during the forecast period (2017-2022).
North America is estimated to contribute ##.##% of the overall market share in 2016, and the region's market size is expected to grow at a CAGR of ##.##% during the forecast period.

Summary

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Open source adoption in institutions is anticipated to grow across all the IT segments to avail the flexibility and effectiveness in performing tasks with several benefits, including reduced costs, accelerated time-to-market, and simplified Interoperability.

The overall open source services market size is forecasted to grow from ~$11.4B in 2017 to ~$33.0B by 2022, at a Compound Annual Increase rate of ~23.6 percent during the forecast period. The reduction in the total cost of ownership and the increased return on market investments are anticipated to be the main factors driving the increase of the open source services market. On the other hand, low security of open source software and high cost of integrating services are main restraints for the open source services market rise

North America continent is forecasted to hold the biggest sector size in the open source services market by area during the estimate period.

North America (NA) is expected to contribute more important market share in 2017, and is expected to lead the open source services market during the outlook period. The reason for the growing increase is the initial adoption of developing technologies and the high investments in cloud-based solutions.

The Europe, Middle East (ME), and Africa area is also anticipated to witness considerable adoption of open source technologies. The enterprises in this area are anticipated to be one of the main driving forces in terms of developing open source services. Germany (DE), Spain (ES), and Italy (IT) are anticipated to be significant users of open source services, while Greece (GR) and the UK are anticipated to witness a low degree of adoption, when compared with other European countries

Manufacturing sector vertical is estimated to hold the biggest industry size in open source service market by vertical during forecast period.

The manufacturing market vertical is anticipated to lead in terms of open source services adoption, owing to production planning, inventory planning, and demand forecasting. The BFSI sector vertical is anticipated to eventually adopt open source services in investment and banking market to minimize the IT investments.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The distribution of profiles of primary members taking part is given below as:

• By company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By description: C-suite - 35.0 percent, D-level - 25.0 percent, and Others - 40.0 percent

• By area: North America continent - 45.0 percent, Europe, Middle East and Africa (EMEA) - 20.0 percent, Asia-Pac - 30.0 percent, ROW - 5.0 percent

The open source services ecosystem comprises main vendors, including Red Hat, Accenture, Wipro, IBM (NYSE:IBM), Infosys, Cisco (NASDAQ:CSCO), Atos, HCL, HPE, Oracle Corporation (NYSE:ORCL).

Segment Research

The study includes detailed competitive review of these main actors in the open source services market, with their company descriptions, recent evolutions, and key industries strategies. The research document breaks down the open source services market by service type, vertical, and area.

Reasons to Buy the Report

The analysis on the overall open source services market will facilitate competitors/new sector entrants in the sector in these ways:

1. The document breaks down the open source services market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split across different industry verticals and localities.

2. The market research benefits the partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners in better understanding the players and gaining additional insights to better option their businesses. There is a separate division on opposing landscape, including competitor ecosystem, and mergers and acquisitions. Also, there are company profiles of 10 main vendors in this sector. This paragraph offers industry internals that can put companies ahead of the competitors.

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