OpenStack Revolution: Innovations Driving the OpenStack Services Market Growth, Industry Statistics and Forecast 2031 | Open Stack(U.S.), SUSE (Germany), and VMware

OpenStack is an open-source software for building private and public clouds. It manages compute, storage, and networking resources throughout the cloud infrastructure to be delivered as a service through APIs to end users.

Market Dynamics:

Increasing adoption of cloud computing across various industrial verticals is driving the growth of the open stack services market. The rapid growth in data volumes across enterprises and demand for improved scalability and agility are prompting companies to adopt cloud-based technologies. According to Statista, worldwide public cloud revenue is projected to grow to $474 billion in 2022 from $371 billion in 2021. Major cloud service providers such as Microsoft, Amazon Web Services, and Google offer various open stack services to manage workloads on public and private cloud platforms.

Moreover, the rising need to optimize IT infrastructure and reduce capital expenditure is another factor fueling the adoption of open stack cloud platforms. Open stack enables organizations to deploy open source software-defined resources and build a private or hybrid cloud ecosystem as per their business needs in a cost-effective manner.

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Drive to accelerate hybrid cloud and multi cloud adoption:

OpenStack provides seamless interoperability across public, private and hybrid cloud environments helping organizations to leverage multiple cloud setups efficiently. Enterprise adoption of hybrid cloud and multi cloud strategies is on the rise to gain flexibility and optimize costs. OpenStack enables smooth transition between on premise infrastructure and public clouds liberating organizations from vendor lock ins. This helps businesses to improve agility and keep pace with evolving business demands.

Drive for cost optimization and improved efficiency:

Migrating workloads to OpenStack private and public clouds helps enterprises significantly reduce capital and operational expenses incurred on proprietary infrastructure. Open source OpenStack framework facilitates increased hardware utilization, reduced power consumption, and streamlined management over traditional data centers. Companies deploying OpenStack achieve 30-50% savings on infrastructure costs. Higher operational efficiencies also enable reallocation of resources to focus on core business priorities.

Key Company Profiles:

Technology-driven trends are expected to revolutionize the industry players respond to fluctuating consumer behavior, improve partnerships, and drive transformational variation. Digitization, increasing automation, and new business models have changed the IT industries. Major players operating in the global open stack services market include Canonical (U.K.), Cisco Systems Ltd. (U.S.), Dell EMC Corporation (U.S.), Helion Open Stack Corporation (U.S.), Huawei Technologies Corporation Ltd(China), IBM Cloud Manager (U.S.), Mirantis Open Stack (U.S.), Oracle Corporation (U.S.), Rack-space (U.S.), Red Hat Open Stack(U.S.), SUSE (Germany), and VMware

Market segmentation:
By Provider:

Solution
Services
By Infrastructure

Large Enterprises
Medium Enterprises
Small Enterprises
By End-User

Academic Research
Information Technology
Telecom
Healthcare/Life Science
Others

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Lack of standardization:

Despite advancement in the project, OpenStack still lacks a uniform set of standards, workflows and best practices being adopted across implementations. Individual installation and configuration of OpenStack remains complex requiring deep technical expertise. Incompatibilities persist between different OpenStack versions and reference architectures adding to integration challenges. Lack of standardized processes also impedes collaboration between user communities and contributors to evolve the platform at a faster pace.

Opportunity for consulting and managed services:

Complexity in OpenStack deployments and lifecycle management generates sizable opportunities for third party service providers. Enterprises prefer outsourcing non core responsibilities like installation, integration, upgrades, monitoring, security and support to specialists. Consulting companies offering OpenStack advisory, implementation and MSP services are witnessing robust growth. Individual business units within organizations also look for cloud brokers to centrally manage Hybrid IT landscapes. This presents an ongoing revenue stream for OpenStack service companies

Rise of containers and serverless architectures:

Container platforms like Docker and Kubernetes are gaining traction as alternatives to virtual machines for application portability and orchestration. Similarly serverless computing abstracts away infrastructure management completely. These newer paradigms are seen as better fitting modern cloud native applications with microservices architectures. OpenStack being primarily an IaaS platform faces competition staying relevant in a container and serverless led future. The evolution of OpenStack to support container based workflows will determine its longevity in the shifting landscape.

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Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1Definition and forecast parameters
1.2Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Open Stack Services Market , By Region

Chapter 5: Company Profiles

5.1 Overview of the Company

5.2 Economic components

5.3 Product Overview

5.4 Analysis of Strengths and Weaknesses

5.5 Methodical Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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