Open Source Software Global Market Report 2024 - BY Size, Share, Growth, Trends, Forecast To 2033

"The new report published by The Business Research Company, titled Open Source Software Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the open-source software market size has grown rapidly in recent years. It will grow from $35.90 billion in 2023 to $41.83 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The open-source software market size is expected to see rapid growth in the next few years. It will grow to $77.75 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%.

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The Role of Open-Source Software in Facilitating the Growth of Small Enterprises
The growing number of small enterprises is expected to propel the growth of the open-source software market going forward. Small enterprises refer to businesses that are typically privately owned, operated by a small number of employees, and have relatively low revenue and profit levels compared to larger corporations. Small enterprises are driven by technological advancements, globalization, changing workforce trends, government support, market opportunities, cost efficiency, and an entrepreneurial spirit. Open-source software helps small enterprises by providing cost-effective solutions for their business needs, enabling them to access high-quality software without the high costs associated with proprietary software. For instance, in April 2023, according to the United States Chamber of Commerce, a US-based business association advocacy group, the United States boasted 33.2 million small businesses, constituting 99.9% of all U.S. businesses. In 2021 witnessed a remarkable milestone, with 5.4 million new business applications filed nationwide. Therefore, the increasing number of small enterprises is driving the growth of the open-source software market.

Advancements In Edge-Optimized Operating Systems
Major companies operating in the open-source software market are focused on developing edge-optimized operating systems, such as Red Hat Device Edge to support open-source communities. Red Hat Device Edge is an edge-optimized operating system that enables computing by providing the necessary infrastructure and capabilities to process data efficiently and effectively at the network's edge. For instance, in October 2022, Red Hat Inc., a US-based provider of open-source software products, launched Red Hat Device Edge, an edge-optimized operating system. This product enables enterprises to deploy only the necessary software components, decreasing the attack surface and resource use. It streamlines the management of edge devices and associated workloads, allowing enterprises to deploy workloads on resource-constrained devices at the far edge. It also delivers security features like intelligent device upgrades, zero-touch provisioning, and speedy security fixes.

The open source software market covered in this report is segmented -
1) By Type: Shareware, Bundled Software, Berkeley Source Distribution (BSD)
2) By Application: Professional Services, Managed Services
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Banking Financial Services And Insurance (BFSI), Education, Manufacturing, Healthcare And Life Sciences, Retail And Distribution, Other End-Users

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Major companies operating in the open source software market are Intel Corporation, International Business Machines Corporation, Oracle Corporation, Transcend Information Inc. , F5 Inc., Red Hat Inc., Mozilla Corporation , SUSE S.A., Progress Software Corporation, HashiCorp, Acquia Inc., Canonical Ltd., Aptean, Puppet Inc., TYPO3, MariaDB Corporation, The Linux Foundation , Redpill Linpro., ClearCenter, KDE, Eclipse Foundation AISBL, The Apache Software Foundation, Python Software Foundation , FossID, RethinkDB

Contents of the report:
1. Executive Summary
2. Open Source Software Market Report Structure
3. Open Source Software Market Trends And Strategies
4. Open Source Software Market - Macro Economic Scenario
5. Open Source Software Market Size And Growth
…..
27. Open Source Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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