DUBLIN--(BUSINESS WIRE)--The "OpenStack Service Market by Component (Solution, Service), Organization Size (Large Enterprises, Small & Medium Enterprises), Vertical (IT, Telecommunication, Academic & Research, BFSI, Retail & E-Commerce), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering
The OpenStack service market is projected to grow from USD 1.63 billion in 2017 to USD 5.66 billion by 2022, at a CAGR of 28.3% during the forecast period.
Factors such as fast & easy deployment, no compulsion of vendor lock-in, and wide community support are driving the growth of the OpenStack service market. However, the concern related to security is a key factor restraining the growth of the market. The anticipated increase in the number of OpenStack service providers and the high adoption rate in the telecom vertical are some of the opportunities covered in this market report.
The OpenStack service market is segmented based on component into solution and service. Between them, the solution segment is estimated to account for the larger share of the market in 2017. The deployment of OpenStack solutions is growing as they provide the cloud experience at lower cost and are featured with a single point of management across the compute environment.
Based on vertical, the IT segment is estimated to lead the OpenStack service market in 2017. This is because IT giants, such as Dell EMC, Red Hat, Rackspace, HPE, and IBM, among others, have transformed their storage services with a powerful and flexible OpenStack management layer.
This OpenStack management layer helps to monitor and manage cloud resources and transactions. It also provides highly scalable storage as a service offering, besides offering cloud services to several companies that are developing the OpenStack software. The IT segment is, therefore, estimated to dominate the OpenStack service market by vertical.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6 Openstack Service Market, By Component
7. Openstack Service Market, By Organization Size
8. Openstack Service Market, By Vertical
9. Regional Analysis
10. Competitive Landscape
11. Company Profiles
- Cisco Systems
- Dell EMC
- Red Hat
- Platform9 Systems
- Bright Computing
For more information about this report visit https://www.researchandmarkets.com/research/8gjqbd/openstack_service?w=4