23.65% Growth Rate for Open Source Services Market by 2022 | Red Hat, Accenture, Wipro, IBM, Infosys, Cisco System, Atos, HCL, HPE, Oracle

ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This report on the global Open Source Services Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. Open Source Services Market market spread across 86 Pages, profiling 10 companies and supported with tables and figures.

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The Global Open Source Services size is expected to grow from US$ 11.40 Billion in 2017 to US$ 32.95 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.65% during the forecast period. The reduction in the total cost of ownership and the increased return on investments are expected to be the major factors driving the growth of the open source services market.

“North America is expected to hold the largest market size in the open source services market by region during the forecast period.”
North America is estimated to contribute highest market share in 2017, and is projected to lead the open source services market during the forecast period. The reason for the increasing growth is the initial adoption of developing technologies and the high investments in cloud-based solutions. The Europe, Middle East, and Africa (EMEA) region is also expected to witness considerable adoption of open source technologies. The enterprises in this region are expected to be one of the major driving forces in terms of developing open source services.

The manufacturing industry vertical is expected to lead in terms of open source services adoption, owing to production planning, inventory planning, and demand forecasting. The BFSI industry vertical is expected to eventually adopt open source services in investment and banking sector to reduce the IT investments.

The break-up of profiles of primary participants is given below as:
• By company type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By designation: C-level – 35%, Director level – 25%, and Others – 40%
• By region: North America – 45%, EMEA – 20%, APAC – 30%, ROW – 5%

Study Objectives:
The main objective of this report is to define, describe, and forecast the open source services market on the basis of segments including service type, vertical, and region. The report provides detailed information regarding major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report forecasts the market size with respect to 4 main geographic regions, namely, North America, Europe, Middle East, and Africa (EMEA), Asia Pacific (APAC), and Latin America. The report profiles key players and comprehensively analyzes their core competencies.

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#Top Key Players in the “Open Source Services Market” include are Red Hat (US), Accenture (Ireland), Wipro (India), IBM (US), Infosys (India), Cisco Systems (US), Atos (France), HCL (India), HPE (US), Oracle (US).

#Key Target Audience for Open Source Services Market: Open source services providers,Managed service players,Support service providers,Value-added resellers.

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