Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the open source services market provides in-depth
analysis of segments and sub-segments in the global as well as regional open
source services market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional open source
services market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global open
source services market. According to the report, the global open source
services market is projected to grow at a CAGR of 18.38% over the forecast
period of 2021-2027.
The global open source services
market was sized near USD 21.98 million in 2021 and it is expected to reach up
to USD 60.49 million in 2027. The global Open Source Services market is
projected to grow with a CAGR of 18.38% during 2021-2027. Open source services
offerings spotlight open source technologies through the whole technology
spectrum together with servers to data integration software and critical
business solutions such as Big Data, and customer relationship management. Open
source services are custom-made around the open-source software, however, the
basic offerings are like traditional IT service offerings. It generally
requires no licensing fees, as well as the logical extension, is no maintenance
fees.
The global open source services
market is driven by factors such as simple management and less cost of software
licensing. Open source is generally much more inexpensive in an enterprise
environment for equivalent or superior capability than a proprietary solution.
These solutions enable technology agility that offers multiple ways to solve
problems. These solutions also help keep IT organizations from getting blocked
because a certain capability isn’t available from a vendor. Furthermore, simple
bug removal and tracking and freedom from vendor lock-ins also drive the global
open source services market. Open-source software is more secure as everyone
can access its code. However, the shortage of applications that run open-source
software hampers the global open source services market. Moving to an
open-source platform comprises a compatibility analysis of all the other
software used that runs on registered platforms. Moreover, the increasing
adoption of open source cloud technology provides growth opportunities to the
market players. The outbreak of the novel COVID-19 over the world has generated
many new challenges for the business world. In the wake of the outbreak of the
COVID-19 pandemic, multiple organizations have produced lists of open-source
software that can be used in an effective response and recovery plan. These
project hubs shoulder the burden of open source project discovery, making it
easier for governments to find projects that fit their needs.
Among the geographies, the North
American region is expected to hold the largest share in the global open source
services market owing to the presence of numerous key players in the region.
Further, the region is also projected to account for the largest share in the
global open source services market and is considered the most advanced region
in terms of cloud, AI, and machine learning technologies. Moreover, the Asia
Pacific region is projected to witness the fastest growth in the global open
source services market during the forecast period owing to the rising IT
infrastructure. Additionally, the Asia Pacific region is home to a creditable
amount of cloud service providers, which are progressively embracing the
adoption of advanced technologies, such as cloud services in developing
economies such as China and India drive the open source services market in this
region.
The report on global open source
services market covers segments such as service type, and vertical. On the
basis of service type, the sub-markets include managed services and
professional services. On the basis of vertical, the sub-markets include IT and
ITeS, transportation and logistics, telecommunications, BFSI, manufacturing,
healthcare and life sciences, consumer goods and retail, and others.
The report provides profiles of
the companies in the market such as IBM Corporation, C AHEAD, Happiest Minds,
Evoke Technologies Pvt Ltd, TietoEVRY Corporation, Swan Solutions &
Services Pvt. Ltd., Fujitsu Limited, Infosys, Cisco Systems, ATOS, and HCL Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the open source services market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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