What is the current size and annual growth rate of the openstack service market?
The openstack service market size has grown exponentially in recent years. It will grow from $16.63 billion in 2024 to $21.27 billion in 2025 at a compound annual growth rate (CAGR) of 27.9%. The growth in the historic period can be attributed to flexibility and customization, vendor neutrality, community support, and innovation and experimentation.
The openstack service market size is expected to see exponential growth in the next few years. It will grow to $55.72 billion in 2029 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to edge computing integration, AI and machine learning integration, containers and Kubernetes integration, hybrid and multi-cloud strategies, data management and governance. Major trends in the forecast period include ai-driven automation, standardization and interoperability, ecosystem convergence, regulatory compliance enhancements, and industry-specific solutions.
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How has the openstack service market evolved, and what factors have shaped its growth?
Increasing demand for hybrid and multi-cloud deployments is expected to propel the growth of the open-stack service market going forward. A hybrid cloud environment comprises private and public cloud services, while a multi-cloud model includes two or more public cloud services. The demand for hybrid and multi-cloud deployments is increasing due to their ability to offer flexibility, scalability, resilience, and cost-effectiveness to organizations. Hybrid and multi-cloud deployments with OpenStack enable organizations to optimize resource utilization by dynamically allocating workloads across different cloud environments based on performance, cost, and regulatory considerations. For instance, in December 2023, according to CloudZero Inc., a US-based cloud computing company, most organizations deployed a hybrid cloud (39% vs. 36% last year) or a multi-cloud strategy (33%) to leverage multiple services, achieve scalability, or support business continuity. Additionally, four out of five companies use two or more IaaS or PaaS providers. Therefore, the increasing demand for hybrid and multi-cloud deployments is driving the growth of the open-stack service market.
What are the major segments of the openstack service market?
The openstack service market covered in this report is segmented –
1) By Component: Services, Solutions
2) By Deployment Model: On-Cloud, On-Premise
3) By End-User Industry: Information Technology, Telecommunication, Banking And Financial Services, Academic, Retail Or E-Commerce
Subsegments:
1) By Services: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Cloud Management Services, Professional Services (Consulting, Support)
2) By Solutions: Private Cloud Solutions, Public Cloud Solutions, Hybrid Cloud Solutions, Storage Solutions
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Which companies dominate the openstack service market?
Major companies operating in the openstack service market are Dell Inc., Huawei Technologies Co. Ltd., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise Company, VMware Inc., NetApp Inc., Red Hat Inc., Rackspace US Inc., SUSE Software Solutions Germany GmbH, Canonical Ltd., Docker Inc., Nuage Networks, EasyStack Inc., Mirantis Inc., Bright Computing Inc., Trilio Data Inc., CloudFerro S.A., CloudEndure Ltd., Platform9 Systems Inc., Cloudscaling Group Inc., Piston Cloud Computing Co., Nebula Inc., Nexenta Systems Inc.
How will evolving trends contribute to the growth of the openstack service market?
Major companies operating in the OpenStack service market are developing innovative technologies, such as OpenStack Platform 17.1, to increase their profitability in this market. OpenStack Platform 17.1 provides a comprehensive and feature-rich cloud infrastructure platform that organizations can use to effectively deploy and manage their applications and services. For instance, in June 2023, Red Hat Inc., a US-based software company, launched OpenStack Platform 17.1 with enhanced security. Red Hat Inc. Platform 17.1, in particular, aims to support advanced use cases, including open virtualized radio access networks (RAN), 5G standalone cores, and network, storage, and computing features. It is intended to assist service providers in maximizing their resources, scaling up more quickly, and bridging their current 4G investments with the newest 5G network infrastructures.
What are the key regional dynamics of the openstack service market, and which region leads in market share?
Europe was the largest region in the openstack service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the openstack service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The OpenStack Service Market Report 2025 Offer?
The openstack service market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An OpenStack service is a modular cloud computing platform that offers various components and functionalities for constructing and overseeing public and private clouds. OpenStack services are engineered to be highly scalable, interoperable, and customizable, enabling users to deploy and manage cloud infrastructure according to their specific needs.
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