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Open Source Services Market Analysis By Eminent Key Players like Red Hat, Accenture, Wipro Limited, IBM, Infosys Limited, Cisco, HCL Technologies, Hewlett Packard Enterprise and Oracle
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With the ever-growing number of start-ups and their budget constraints, the open source services market is growing more rapidly as these services are mostly free of charge or are available in low budgets. Developers across the globe are increasingly using open-source software platforms as well as participating in technology and innovation to increase productivity on a personal level as well as on a shared platform. These factors are likely to bolster the growth of open source services market, during the forecast period.
Open source services have numerous advantages; for instance, they are secure, offer better data privacy and ability of customization, and are cheaper than the proprietary solutions. These factors attract more organizations and users to adopt them. Hence, with the increasing demand, the growth of open source services market also increases.
North America is estimated to contribute the largest revenue to the open source services market. Enterprises are heavily adopting the services owing to the technological developments in the region. A growing concern in security, particularly in EMEA has led some companies to seek the open-source solutions to maintain security and data privacy in areas such as email, cloud services and file transfer.
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Some of the key players in the open source services market include Red Hat Inc., Accenture, Wipro Limited, IBM, Infosys Limited, Cisco Systems, Atos SE, HCL Technologies, Hewlett Packard Enterprise (HPE) and Oracle.
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