Open Source Software Services Market Size, Statistics, Growth Trend Analysis and Forecast Report, 2022 - 2032

Open Source Software Services Market is segmented by Type (Professional and Managed), By Application (Manufacturing, BFSI, Telecommunications, Healthcare and Life Sciences, IT & ITeS), Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa, Rest of World) and Open Source Software Services Market Companies (Red Hat, Wipro, Cisco Systems, Accenture, IBM Corporation, Infosys, HPE, Oracle Corporation, ATOS, HCL Corporation, Hewlett Packard Enterprise Co., MasterControl Inc., Aras Corp., Dassault Systemes SE, Parasoft Corp., Microsoft Corp., and PSC Software, SAP SE, and Siemens AG)

  • Report ID : MD2884
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  • Pages : 220
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  • Tables : 80
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  • Formats :

Open-Source Software Services Market Scope/Definition

The global open-source software services industry is expected to grow into a 80-billion-dollar industry by the end of 2032.

Software that is freely copyable, available, and modifiable by anyone is termed open-source software. It lowers the cost of building software. Larger enterprises deploy this software to achieve greater control over customer data and for making integrated systems. In contrast, switching to open-source software might create compatibility problems, as well as the threat of supply chain attacks. In the coming years, the open-source services market is predicted to flourish. A driving force behind this push is the adoption of cloud computing and broader digital transformation.

Open-Source Software Services Market Growth and Trends

In recent years, global open-source services have been growing exponentially because of the increasing availability of open-source platforms, the ability to modify the code, and an ever-increasing population of tech-savvy people. Thanks to open-source services, users can interact with the source code and modify it. Its value goes up proportionally as it is being changed and improved by an increasing number of users. By providing companies with enhanced security, quality, and cost-effectiveness, open-source services are growing in popularity. Moreover, users are not required to pay any licensing fees or administration fees for open-source software service. Low software license costs and simpler management are expected to drive market growth, along with a universal need for high-quality, flexible, agile, and reliable software, and a set of standards that support community and collaborative development. Open-source services are in high demand due to these factors. However, a few restraints are limiting the growth of the global open-source software services market. A solution based on open-source software service will require extensive work such as collaboration tools, data synchronization, data management, and load balancing, which could adversely affect the growth of the open-source services market. In addition, open-source software may face issues related to architectural and operational complexity over the forecast period.

Open-Source Software Services Market Segmentation

Depending on the type of services offered, the open-source Services Market is classified into two categories: managed and professional. Since managed services provide all the skill sets required to maintain and upgrade solutions, which are of paramount importance in open-source environments, the managed services segment will likely grow at a higher CAGR. Through the managed services unit, clients can ask questions and receive assistance pre-and post-deployment. With the advent of advanced clinical decision support (CDS), healthcare and life sciences are one of the fastest-growing verticals in terms of open-source adoption. It makes sense to use open source to advance CDS. Such solutions are easier to modify by nature. CDS systems can be designed organically to integrate with an organizations clinical workflow since the source code is available. Proprietary systems are more difficult to modify because the source code is not accessible and the vendor must be hired to execute changes. Furthermore, open-source solutions benefit from the contributions of many physicians and organizations such as medical societies and hospitals, as opposed to being developed by a single vendor.

Open-Source Software Services Market Regional Analysis

Globally, the open-source services market is expected to be dominated by North America. Due to the higher funding for cloud-based solutions in the North American market for better enterprise performance and the early adoption of advanced technologies and solutions, the North American market is a leading contributor to the growth of the open-source services market. Additionally, players are focused on partnering with each other, which continues to spur market growth. In March 2020, Intel partnered with HPE and received support from Red Hat, Tech Mahindra, AMI, and other major industry leaders.

Open-Source Software Services Market Companies

Global Open-Source Software Services companies like Red Hat, Wipro, Cisco Systems, Accenture, IBM Corpotation, Infosys, HPE, Oracle Corporation, ATOS, HCL Corporation, and others play a significant role in boosting the overall market revenue. Other prominent market players contributing decently in this market are Hewlett Packard Enterprise Co., MasterControl Inc., Aras Corp., Dassault Systemes SE, Parasoft Corp., Microsoft Corp., and PSC Software, SAP SE, and Siemens AG. Equinox provides innovations in open-source software for academic, public, school, corporate, cultural, and government consortia and libraries. This site served as a central resource for information regarding Equinoxs programs, grants, and community events as well as information about open-source library software, such as Evergreen, Fulfillment, and CORAL. Equinox also provided library consulting, training, and technology services. Consultations include workflow analysis, process improvement, consortium policy evaluation, workshops, training, data services, and more. Technavio forecasts a negative impact on the market from open-source quality management software providers over the forecast period.

Open-source software service is focused on highlighting the open-source technology through its whole technology spectrum, which includes critical business solutions and server to data integration software such as customer relationship management and big data. In addition, an open-source software service is a type of computer software where source code is released by the copyright holders for users to utilize, study, and also can modify. Globally, open-source services strive to help the firm to achieve IT strategic goals and help to improve productivity, and performance, and maximize the efficiency of the organization. Open-source services are also used for business process management, cloud management, web content management, data integration, and project management. Open-source service in cloud computing offers high affinity with a range of products such as cloud foundry and cloudy. In addition, it is also used in software modelling tools and software development tools. These services are made as per companies’ requirements around the open-source software, and it is also made through its basic offerings such as traditional IT service offerings. In addition, it is also used in Linux operating system, Firefox browser, Android by Google, VCL media player, Open office, WordPress content management system, and many other applications.

Years considered for this report

• Historical Years: 2018-2020
• Base Year: 2021
• Forecast Period: 2022-2032

Open Source Software Services Market Research Report Analysis Highlights

• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for application Industries (2022 – 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
• Professional Software
• Managed Software

Application Analysis (Revenue, USD Million, 2022 - 2032)
• Healthcare and Life Sciences
• IT & ITeS
• Telecommunications
• Others

Country Analysis (Revenue, USD Million, 2022 – 2032)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of the World

Open-Source Software Services Market companies:

Red Hat
Cisco Systems
IBM Corpotation
Oracle Corporation
HCL Corporation
Hewlett Packard Enterprise Co.
MasterControl Inc.
Aras Corp.
Dassault Systemes SE
Parasoft Corp.
Microsoft Corp., and PSC Software
Siemens AG

Available Versions of Open-Source Software Services Report: -

United States Industry Research Report

Europe Industry Research Report

Asia Pacific Industry Research Report

India Industry Research Report

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