Rise In Technology Adoption For Application Development, IT Infrastructure And Digital Transformation To Boost The Open Source Services Market Growth

 

Open Source Services

Global Open Source Services Market Size By Service Type (Support, Maintenance, and Management Services, Training Services), By End-Use Industry (Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2028

The global Open Source Services Market, is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Open Source Services is generally indicated towards the term open source software. Open Source Services is a code which can used privately by anyone and can share the code, can alter it and can access it. Open Source Services is made in a decentralized and a joint partnership method, it is dependent on the peer overview and the production of the community. Open Source Services is generally less expensive, much flexible and it has much endurance than its owned peers as it is advanced by the communities instead of a single company.

Competitive Landscape:

Key players in the global Open Source Services Market are C Ahead Technologies, Nous Infosystems, IBM, Swan Solutions & Services, Accenture, Mulesoft , Wipro, Databricks , Suse, Cisco, Confluent, Percona, Infosys, HPE, HCL Infosystems, Happiest Minds Technologies, Puppet, Eclature Technologies, Evoke Technologies, Quansight, Charter Global, ViSolve, Chetu, HashiCorp, Tidelift and Collabora.

Market Key Drivers:

Rise in technology adoption for application development, IT infrastructure and digital transformation. For instance, as per Red Hat’s report, open source IT infrastructure modernization is used by 53% of organization.

Decreased money, time and spread of the software is projected to propel the growth of global Open Source Services market. For instance, in 2021, as per WhiteSource Software data, Permissive license are utilized by 76% of open source components.

Covid-19 Impact Analysis:

The Covid-19 outbreak has a positive impact on the growth of the global Open Source Services market. Mobile and web apps, open source repositories and models were extensively utilized by the vendors in the market to innovate new methods to curb the spread of virus.

Key Takeaways:

The global Open Source Services Market is expected to exhibit a CAGR of XX % during the forecast period due to rising collaborations and partnerships. For instance, in November 2020, WHO and Red Hat Inc., collaborated with each other to help the healthcare staff and workers.

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global Open Source Services Market due to rising collaborations, partnerships and investments and rising adoption of innovative technology, rising investment in cloud technology. For instance, Zymr, a cloud software organization has adopted the open source technology and agile development practices to enhance the need of user’s organization.  

 

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