20 March 2019, The global OpenStack market is anticipated to witness significant growth owing to rising adoption of cloud computing in organizations across the globe. OpenStack is a collection of open source software modules that provides a framework for creating and managing cloud infrastructure. It can be referred as the next stage of virtualization that helps in managing heterogeneous storage and network resources in organizations. In addition, the software is used to setup public and private cloud environments.
Increasing use of cloud platforms in organizations to manage work efficiently is anticipated to propel market growth. Constant updates in the software in terms of security patches, along with services and solutions, to improve the security can augment product demand. Rising adoption of smart devices, coupled with growing need for bring your own device, can stimulate growth of market in the coming years. Additionally, easy software deployment, free availability of OpenStack platform, and increasing adoption among small medium enterprises (SMEs) can drive the market in the coming years. Moreover, software’s ability to enhance integration and interoperability, and to allow the addition of new components as per the requirement can spur market growth.
High cost of the software and lack of technical assistance can hamper market growth in the coming years. However, increasing R&D investments by market players to develop innovative products can create lucrative opportunities for the market.
The market can be segmented on the basis of component, organization size, and application. Based on component, the market can be bifurcated as service and solution. In terms of organization size, the market can be divided into small and medium enterprises (SMEs) and large enterprises. On the basis of application, the market can be categorized into information technology (IT), telecommunication, government and defense, academic and research, retail and e-commerce, and manufacturing.
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The market in North America is anticipated to expand significantly in the coming years owing to high adoption rate of advanced technologies, such as internet of things, big data, cloud computing, and business intelligence tools. In addition, presence of major market players in the United States, including IBM Corporation, Hewlett Packard Enterprise, and Oracle Corporation, can impel demand for cloud-based solutions. Moreover, growing adoption of these solutions by enterprises due to advantages, such as customization, cost-savings, value added services, and innovation, can impel market growth. For instance, IBM ported Blue Box private OpenStack cloud service to its SoftLayer cloud. The managed hosted service removes all complexities related to deploying, managing, and updating the software from the internal IT organization.
Europe is expected to witness fast growth in the coming years due to rising demand for data security and open source software. Furthermore, growing need for technology advanced public and private cloud platforms in the region can impel product demand in the coming years. Moreover, launch of new private and public cloud platforms can stimulate regional market. For instance, CloudVPS introduced its new virtual private server (VPS) portfolio named NextVPS. The product is based on company’s OpenStack technology and it allows consumers to use all new features. The advanced payment model enables the consumers to make payments every hour, instead of per month. Additionally, consumers can access general data protection regulation (GDPR) compliance as they sign agreement with an organization under the European Union.
Asia Pacific is projected to bode well in the coming years due to growth of digitization. Countries, such as Japan, India, China, Australia, and South Korea, are likely to witness significant growth in the coming years. Increasing R&D investments by companies in digital transformation can boost regional market growth. For instance, i2k2 launched India’s first OpenStack cloud as infrastructure-as-a-service (IaaS) solution. In addition, the company offers a wide range of complementary services facilitating an application programming interface (API) for continuous data integration. Enterprises can standardize their infrastructure using cost effective built-in hardware commodities to achieve complete efficiency of the public cloud. Similarly, Rackspace Hosting launched region’s first hybrid cloud based on OpenStack. The new hybrid cloud offers private cloud, public cloud, and dedicated servers working together in a unified infrastructure. It allows organizations to customize their architecture and create the best fit for their unique set of workloads and applications.
Some of the leading companies operating in the OpenStack market are Hewlett Packard Enterprise, IBM Corporation, Oracle Corporation, Huawei, and Canonical.
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