Press release
Open Source Service Market 2021 Status and Business Outlook - Oracle Corporation, Cisco Systems, Inc., Open Source Services, HCL Technologies
The Open Source Service Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also provides an analysis of the impact of the COVID-19 pandemic on Open Source Service Industry.The Open Source Service Market is expected to reach a CAGR of 24.2% during the forecast period (2021-2026).
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Top Leading Companies of Global Open Source Service Market are Oracle Corporation, Cisco Systems, Inc., Open Source Services, HCL Technologies, Hewlett Packard Enterprise Company, IBM Corporation, Infosys Limited, Wipro Limited, ATOS SE, Red Hat Inc. and others.
Industry News and Updates:
- August 2020: Kubermatic GmbH announced the release of KubeCarrier, a new open-source, cloud-native service management platform that aims to solve technical problems associated with the deployment of Kubernetes clusters such as service meshes, overlay networking, and authentication. The company aims to help its clients provision and manage workloads across multiple clusters. It further reported that it would incorporate the technology into its commercial offering by the end of 2020.
- July 2020: Adobe Inc, IBM Corp, and Red Hat Inc announced a strategic partnership to help accelerate digital transformation and strengthen real-time data security for enterprises, focusing on regulated industries. The partnership intends to enable companies to deliver more personalized experiences across the customer journey, driving improved engagement, profitability, and loyalty.
Key Market Trends:
Emphasis on Reduced Cost of Ownership and Time to Market is Expected to Drive the Market Growth
- Companies can save on operational and implementation costs by using open source solutions. For revenue generation, vendors in the open-source market are charging for add-ons. Still, even after paying for add-ons and services for security hardening, and help to manage interoperability, these products are usually much cheaper than closed source alternatives. Moreover, they offer 24*7 support from vendors to provide services right from consulting to training, implementation, and maintenance. This fulfills the need to solve issues quickly, ensuring optimum efficiency to the customers.
- Moreover, The use of permissive open-source licenses has continued to rise, while usage of copyleft licenses, and the GPL-family in particular, continues to decrease. Permissible licenses impend minimal restrictions on software users. Software under these licenses can be incorporated into the other proprietary software without disclosing the source code. This newly created software may be distributed, which saves a lot of cost and time and contributes to the growth of the open-source service market.
- According to WhiteSource Software, a provider of security, compliance, and reporting solutions for managing open source components, 67% of open source components have permissive licenses. That’s a 3% rise from last year’s 64%. Only 33% of the top 10 most popular open-source licenses are copyleft, compared to 36% last year and 59% in 2012. The numbers show that developers and organizations continue to prefer permissive licenses.
The regions are further sub-divided into:
-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
Browse Full Report at:
https://www.marketinsightsreports.com/reports/05202907251/open-source-service-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=PD
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Global Open Source Service Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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