- penstack service is a set of software tools for building and managing cloud computing platforms for public and private clouds. Adoption of cloud computing across the various enterprises is the key factor driving the growth of the OpenStack service market. Growing the industry verticals such as IT and telecom, retailors, BSFI are demanding for OpenStack services owing to its benefits such as customization, value-added service, innovation in the product line, and among others. This factor is driving the growth of the OpenStack service market.
MARKET SCOPE
The "Global OpenStack Service Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the OpenStack service market with detailed market segmentation by component, enterprise size, industry vertical, and geography. The report provides key statistics on the market status of the leading OpenStack service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global OpenStack service market is segmented into solution and services.
- On the basis of enterprise size, the market is segmented into large enterprises and small and medium-size enterprises.
- Bbased on industry vertical, the market is segmented into BFSI, government, IT and telecom, retail and ecommerce, and others.
MARKET DYNAMICS
Drivers:
- Openstack service is adopting owing to its several benefits, such as it allows the team to develop better and faster apps, provides integration, and offers standardization.
- Additionally, OpenStack helps in the automation of cloud maintenance. This factor drives the growth of the OpenStack service market.
- The increasing demand for cloud-based service and solution. In addition, free availability of OpenStack platforms, easy deployment, and a wide range of adoption by its end-user are expected to drive the growth of the OpenStack service market.
Restraints:
- Security issues may hinder the growth of the OpenStack service market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The OpenStack service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the OpenStack service market in these regions.
IMPACT OF COVID-19 ON OPENSTACK SERVICE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the OpenStack service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from OpenStack service market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the OpenStack service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Canonical Ltd.
- Cisco Systems
- Dell EMC
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co., Ltd.
- IBM
- Mirantis Inc.
- Oracle
- SUSE
- VMware, Inc.