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OpenStack is an open-source cloud-based computing technology that consists of a set of software tools that help to manage and build cloud-computing platforms in the cloud. The prospects for growth in this market will be driven by the need to effectively manage OpenStack-based multi-cloud deployments. The ability of OpenStack to enhance interoperability and integration by allowing the addition of new components as per the end users’ requirements will result in this market’s profound CAGR of over 30% during the forecast period.
Technavio’s market research analyst has estimated eminent factors, such as the increased need to reduce costs, to impel market growth during the predicted period. The deployment of OpenStack helps users to effectively manage private and public cloud computing platforms. It also enhances visibility and control over resources by optimizing networks, bandwidth, and disk I/O. The significant cost benefits associated with this technology is the primary reason for its adoption by enterprises.
In this segmentation analysis, analysts have estimated the IT segment to account for more than 67% of the total market share during the forecast period. The IT industry’s need for scalability, infrastructural cost reduction, speed-to-market, and maintenance will foster the demand for cloud-based data centers and virtualization solutions during the predicted period. Furthermore, the ability of open-source solutions to cost-effectively manage a business enterprise’s data analytics, transactions, and enterprise applications will result in its augmented adoption until the end of 2020.
In terms of geography, the Americas will be the largest market for OpenStack during the forecast period. Factors such as the high adoption of OpenStack by business enterprises and the rising need to effectively manage multi-cloud implementations will result in this region’s impressive market share of approximately 65% during the forecast period.
Since this market is in its nascent stage, it is anticipated to grow at a rapid rate during the forecast period. Due to this market’s tremendous growth potential, many vendors from different backgrounds, such as hosting, server virtualization, and systems management, are foraying into the market space. The vendors that have the capability to provide differentiated solutions like SaaS-based cloud management software solutions and open-source cloud management platforms to end users will gain a competitive edge over their peers.
Key vendors in this market are -
Other prominent vendors analyzed in this market study are Adaptive Computing, CA Technologies, Cisco, Citrix, CliQr Technologies, CloudBolt Software, Convirture, CSC, Dell, Egenera, Embotics, GigaSpaces Technologies, Gravitant, Micro Focus, Microsoft, Oracle, RightScale, Scalr, ServiceNow, Splunk, and Zimory.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Vendor landscape
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
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