OpenStack Service Market Size, Share, Trends and Industry Analysis

OpenStack Service Market by Component (Solution, Service), Organization Size (Large Enterprises, Small & Medium Enterprises), Vertical (IT, Telecommunication, Academic & Research, BFSI, Retail & E-Commerce), and Region - Global Forecast to 2022

Report Code: TC 5966 Feb, 2018, by marketsandmarkets.com

Updated date - Sep 03, 2019

[138 Pages Report] The OpenStack service market was valued at USD 1.35 Billion in 2016 and is projected to reach USD 5.66 Billion by 2022, at a CAGR of 28.3% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

To define, describe, segment, and forecast the OpenStack service market based on component, organization size, vertical, and region
To forecast the size of various segments of the market with respect to five main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
To analyze micromarkets with respect to individual growth trends and contributions made towards the overall market
To analyze opportunities in the market for the stakeholders and offer details of a competitive landscape for market leaders
To track and analyze competitive developments, such as expansions, mergers & acquisitions, partnerships, and new product launches in the market
To profile the key players and comprehensively analyze their core competencies, which include innovations in their OpenStack service technologies and improvements in the quality of OpenStack services and solutions offered by them that result in enhanced customer experience

The research methodology that has been used to estimate and forecast the size of the OpenStack service market begins with the acquisition of data related to revenues of key vendors through secondary research (annual reports, white papers, certified publications, databases), press releases, and investor presentations of vendors of OpenStack service services and solutions as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenues of the key market players. After arriving at the overall size of the market, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key individuals, such as chief executive officers, vice presidents, directors, and executives of leading companies operating in the market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market.

The breakdown of the profiles of primary participants has been depicted in the figure below:

OpenStack Service Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the OpenStack service market includes key players such as Canonical (UK), Huawei (China), Cisco Systems (US), SUSE (Germany), VMware (US), HPE (US), Oracle (US), Dell EMC (US), IBM (US), Red Hat (US), Rackspace (US), Mirantis (US), Platform9 Systems (US), EasyStack (China), and Bright Computing (US), which offer OpenStack solutions and services.

Key Target Audience for OpenStack Service Market

Network and System Integrators
OpenStack Software Providers
Marketing Analytics Executives
Cloud Architects
Cloud Operators or System Administrators
OpenStack Upstream Developers
App Developers
IT Infrastructure Managers
Third-Party Service Providers
Technology Providers

Scope of the OpenStack Service Market Report

Report Metric	Details
Market size available for years	2015�2022
Base year considered	2016
Forecast period	2017�2022
Forecast unit	Value (USD)
Segments covered	Solution, Service, Organization Size, Vertical, and Region
Geographies covered	North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
Companies covered	Canonical (UK), Huawei (China), Cisco Systems (US), SUSE (Germany), VMware (US), HPE (US), Oracle (US), Dell EMC (US), IBM (US), Red Hat (US), Rackspace (US), Mirantis (US), Platform9 Systems (US), EasyStack (China), and Bright Computing (US)

The research report categorizes the OpenStack service market into the following segments and subsegments:

OpenStack Service Market by Component

Solution
Service

Market by Organization Size

Large Enterprises
Small & Medium Enterprises (SMEs)

OpenStack Service Market by Vertical

Government & Defense
IT
Telecommunication
Academic & Research
BFSI
Retail & E-Commerce
Manufacturing
Others (Consulting, real estate, web hosting, media & entertainment, and advertisement)

OpenStack Service Market by Region

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Geographic Analysis

Further country-level breakdown of the North America OpenStack service market
Further country-level breakdown of the Europe market
Further country-level breakdown of the Asia Pacific market
Further country-level breakdown of the Middle East & Africa market
Further country-level breakdown of the Latin America market

Company Information

Detailed analysis and profiles of additional market players

The OpenStack service market is projected to grow from USD 1.63 Billion in 2017 to USD 5.66 Billion by 2022, at a CAGR of 28.3% from 2017 to 2022. Fast and easy deployment, no compulsion of vendor lock-in, and advantage of wide community support are the factors driving the growth of the market across the globe.

The OpenStack service market has been segmented on the basis of component, organization size, vertical, and region. Based on component, the market has been segmented into solution and service. Based on organization size, the market has been segmented into small & medium enterprises and large enterprises. Based on vertical, the market has been segmented into government & defense, IT, telecommunication, academic & research, BFSI, retail & e-commerce, manufacturing, and others, which include consulting, real estate, web hosting, media & entertainment, and advertisement. And based on region, the market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Based on component, the service segment of the OpenStack service market is projected to grow at a higher CAGR than the solution segment during the forecast period, due to the growing need to simplify the maintenance, operation, and control of open source platforms. The solution segment is, however, expected to lead the market during the forecast period.

Based on organization size, the small & medium enterprises segment is projected to grow at a higher CAGR than the large enterprises segment during the forecast period. The growth of this segment can be attributed to the increased adoption of OpenStack services by small & medium enterprises to gain the benefits offered by the services, such as increased security. However, the large enterprises segment is projected to lead the OpenStack service market during the forecast period.

Based on vertical, the IT segment is projected to lead the market during the forecast period. The growth of the IT segment can be attributed to the availability of the highly scalable storage as a service offering, and the availability of cloud services to IT organizations that are developing the OpenStack software. The telecommunication segment is, however, projected to grow at the highest CAGR during the forecast period.

Based on region, the market in Europe is projected to grow at the highest CAGR from 2017 to 2022. The growth of the market in Europe can be attributed to the increasing use of open source software and data security, which compel enterprises to adopt OpenStack services in this region. In the Asia Pacific region, enterprises have been increasingly adopting OpenStack services to tap the power of the OpenStack solution and gain competitive advantages. The OpenStack service market in China, Japan, India, Australia, and South Korea is projected to witness significant growth during the forecast period, owing to increased R&D investments made by various companies in digital transformation.

OpenStack Service Market

A key factor restraining the growth of the OpenStack service market is the growing security concerns related to the technology which is still in the growing stage and is prone to breach and access by hackers. OpenStack developers and service providers are continually working on providing security patches along with solutions and services to enhance the security of the OpenStack solution.

Key players in the OpenStack service market include Canonical (UK), Huawei (China), Cisco Systems (US), SUSE (Germany), VMware (US), HPE (US), Oracle (US), Dell EMC (US), IBM (US), Red Hat (US), Rackspace (US), Mirantis (US), Platform9 Systems (US), EasyStack (China), and Bright Computing (US). These companies adopt different growth strategies, such as expansions, mergers & acquisitions, partnerships, and new product launches to increase their market shares.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the OpenStack Service Market
    4.2 North America Market By Component
    4.3 Europe Market By Organization Size
    4.4 Asia Pacific Market By Vertical
    4.5 Market By Top Three Verticals & Top Three Regions

5 OpenStack Service Market Overview (Page No. - 31)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Fast and Easy Deployment
                    5.1.1.2 No Compulsion of Vendor Lock-In
                    5.1.1.3 Advantage of Wide Community Support
           5.1.2 Restraints
                    5.1.2.1 Growing Security Concerns
           5.1.3 Opportunities
                    5.1.3.1 Anticipated Increase in the Number of OpenStack Service Providers
                    5.1.3.2 High Adoption Rate in the Telecom Vertical
           5.1.4 Challenges
                    5.1.4.1 Complexities in Integrating Open-Source Software
                    5.1.4.2 Scalability Issue
    5.2 Industry Trends
           5.2.1 Introduction
                    5.2.1.1 OpenStack Architecture
                    5.2.1.2 Technological Advancements
                    5.2.1.3 Case Studies
                               5.2.1.3.1 Case Study 1: Cisco Systems Enhanced Software and Product Development Using the Red Hat Openshift Container Platform
                               5.2.1.3.2 Case Study 2: Paddy Power Betfair Innovates With Red Hat
                               5.2.1.3.3 Case Study 3: Tata Communications� OpenStack-Based Managed Private Cloud Enables Digital Transformation of the Global Enterprise Through Mirantis� Solution
                               5.2.1.3.4 Case Study 4: Mexico�s Konesh Soluciones Delivers More Secure Electronic Invoicing Platform Using Rackspace�s Solution

6 OpenStack Service Market By Component (Page No. - 41)
    6.1 Introduction
    6.2 Solution
    6.3 Service
           6.3.1 Professional Service
           6.3.2 Managed Service

7 Market By Organization Size (Page No. - 46)
    7.1 Introduction
    7.2 Large Enterprises
    7.3 Small & Medium Enterprises (SMES)

8 OpenStack Service Market By Vertical (Page No. - 50)
    8.1 Introduction
    8.2 Banking Financial Services & Insurance (BFSI)
    8.3 Retail & E-Commerce
    8.4 Academic & Research
    8.5 Telecommunication
    8.6 IT
    8.7 Government & Defense
    8.8 Manufacturing
    8.9 Others

9 Regional Analysis (Page No. - 59)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific (APAC)
    9.5 Middle East & Africa (MEA)
    9.6 Latin America

10 Competitive Landscape (Page No. - 84)
     10.1 Overview
     10.2 Competitive Situation and Trends
             10.2.1 New Product Launches & Product Enhancements
             10.2.2 Agreements, Collaborations & Partnerships
             10.2.3 Acquisitions
     10.3 Market Ranking, By Key Players

11 Company Profiles (Page No. - 91)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Red Hat
     11.2 Canonical
     11.3 Mirantis
     11.4 Cisco Systems
     11.5 Hewlett Packard Enterprise
     11.6 SUSE
     11.7 IBM
     11.8 VMware
     11.9 Rackspace
     11.10 Huawei
     11.11 Dell EMC
     11.12 Oracle
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.13 Key Innovators
               11.13.1 Platform9 Systems
               11.13.2 EasyStack
               11.13.3 Bright Computing

12 Appendix (Page No. - 130)
     12.1 Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets� Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (77 Tables)

Table 1 OpenStack Service Market Size, By Component, 2015-2022 (USD Million)
Table 2 Solution: Market Size By Region 2015-2022 (USD Million)
Table 3 Service: Market Size By Region 2015-2022 (USD Million)
Table 4 Service: Market Size By Type 2015-2022 (USD Million)
Table 5 Market Size By Organization Size 2015-2022 (USD Million)
Table 6 Large Enterprises: Market Size By Region 2015-2022 (USD Million)
Table 7 Small & Medium Enterprises: Market Size By Region, 2015-2022 (USD Million)
Table 8 OpenStack Service Market Size, By Vertical, 2015-2022 (USD Million)
Table 9 BFSI Segment: Market Size, By Region, 2015-2022 (USD Million)
Table 10 Retail & E-Commerce Segment: Market Size By Region, 2015-2022 (USD Million)
Table 11 Academic & Research Segment: Market Size By Region, 2015-2022 (USD Million)
Table 12 Telecommunication Segment: Market Size By Region, 2015-2022 (USD Million)
Table 13 IT Segment: Market Size By Region 2015-2022 (USD Million)
Table 14 Government & Defense Segment: Market Size By Region, 2015-2022 (USD Million)
Table 15 Manufacturing Segment: Market Size By Region, 2015-2022 (USD Million)
Table 16 Others Segment: Market Size By Region 2015-2022 (USD Million)
Table 17 OpenStack Service Market Size, By Region, 2015-2022 (USD Million)
Table 18 North America: Market Size By Component 2015-2022 (USD Million)
Table 19 North America: Market Size By Organization Size, 2015-2022 (USD Million)
Table 20 North America: Market Size By Vertical 2015-2022 (USD Million)
Table 21 North America: OpenStack Service Market for Government & Defense, By Organization Size, 2015-2022 (USD Million)
Table 22 North America: Market for IT, By Organization Size, 2015-2022 (USD Million)
Table 23 North America: Market for Telecommunication By Organization Size, 2015-2022 (USD Million)
Table 24 North America: Market for Academic & Research By Organization Size, 2015-2022 (USD Million)
Table 25 North America: Market for BFSI By Organization Size, 2015-2022 (USD Million)
Table 26 North America: Market for Retail & E-Commerce By Organization Size, 2015-2022 (USD Million)
Table 27 North America: Market for Manufacturing By Organization Size, 2015-2022 (USD Million)
Table 28 North America: Market for Others By Organization Size, 2015-2022 (USD Million)
Table 29 Europe: OpenStack Service Market Size, By Component 2015-2022 (USD Million)
Table 30 Europe: Market Size By Organization Size 2015-2022 (USD Million)
Table 31 Europe: Market Size By Vertical 2015-2022 (USD Million)
Table 32 Europe: Market for Government & Defense By Organization Size, 2015-2022 (USD Million)
Table 33 Europe: Market for IT, By Organization Size 2015-2022 (USD Million)
Table 34 Europe: Market for Telecommunication By Organization Size, 2015-2022 (USD Million)
Table 35 Europe: Market for Academic & Research By Organization Size, 2015-2022 (USD Million)
Table 36 Europe: Market for BFSI, By Organization Size 2015-2022 (USD Million)
Table 37 Europe: Market for Retail & E-Commerce By Organization Size, 2015-2022 (USD Million)
Table 38 Europe: Market for Manufacturing By Organization Size, 2015-2022 (USD Million)
Table 39 Europe: Market for Others, By Organization Size, 2015-2022 (USD Million)
Table 40 Asia Pacific: OpenStack Service Market Size, By Component 2015-2022 (USD Million)
Table 41 Asia Pacific: Market Size By Organization Size 2015-2022 (USD Million)
Table 42 Asia Pacific: Market Size By Vertical 2015-2022 (USD Million)
Table 43 Asia Pacific: Market for Government & Defense By Organization Size, 2015-2022 (USD Million)
Table 44 Asia Pacific: Market for IT, By Organization Size, 2015-2022 (USD Million)
Table 45 Asia Pacific: Market for Telecommunication By Organization Size, 2015-2022 (USD Million)
Table 46 Asia Pacific: Market for Academic & Research By Organization Size, 2015-2022 (USD Million)
Table 47 Asia Pacific: Market for BFSI, By Organization Size, 2015-2022 (USD Million)
Table 48 Asia Pacific: Market for Retail & E-Commerce By Organization Size, 2015-2022 (USD Million)
Table 49 Asia Pacific: Market for Manufacturing By Organization Size, 2015-2022 (USD Million)
Table 50 Asia Pacific: Market for Others By Organization Size, 2015-2022 (USD Million)
Table 51 Middle East & Africa OpenStack Service Market Size, By Component, 2015-2022 (USD Million)
Table 52 Middle East & Africa: Market Size By Organization Size, 2015-2022 (USD Million)
Table 53 Middle East & Africa: Market Size By Vertical 2015-2022 (USD Million)
Table 54 Middle East & Africa: Market for Government & Defense, By Organization Size, 2015-2022 (USD Million)
Table 55 Middle East & Africa: Market for It By Organization Size, 2015-2022 (USD Million)
Table 56 Middle East & Africa: Market for Telecommunication, By Organization Size, 2015-2022 (USD Million)
Table 57 Middle East & Africa: Market for Academic & Research, By Organization Size, 2015-2022 (USD Million)
Table 58 Middle East & Africa: Market for BFSI By Organization Size, 2015-2022 (USD Million)
Table 59 Middle East & Africa: Market for Retail & E-Commerce, By Organization Size, 2015-2022 (USD Million)
Table 60 Middle East & Africa: Market for Manufacturing By Organization Size, 2015-2022 (USD Million)
Table 61 Middle East & Africa: Market for Others By Organization Size, 2015-2022 (USD Million)
Table 62 Latin America OpenStack Service Market Size, By Component 2015-2022 (USD Million)
Table 63 Latin America: Market Size By Organization Size, 2015-2022 (USD Million)
Table 64 Latin America: Market Size By Vertical 2015-2022 (USD Million)
Table 65 Latin America: Market for Government & Defense, By Organization Size, 2015-2022 (USD Million)
Table 66 Latin America: Market for IT, By Organization Size, 2015-2022 (USD Million)
Table 67 Latin America: Market for Telecommunication By Organization Size, 2015-2022 (USD Million)
Table 68 Latin America: Market for Academic & Research By Organization Size, 2015-2022 (USD Million)
Table 69 Latin America: Market for BFSI, By Organization Size, 2015-2022 (USD Million)
Table 70 Latin America: Market for Retail & E-Commerce By Organization Size, 2015-2022 (USD Million)
Table 71 Latin America: Market for Manufacturing By Organization Size, 2015-2022 (USD Million)
Table 72 Latin America: OpenStack Service Market for Others By Organization Size, 2015-2022 (USD Million)
Table 73 Market Evaluation Framework
Table 74 New Product Launches & Product Enhancements, 2016-2017
Table 75 Agreements, Collaborations & Partnerships, 2017
Table 76 Acquisitions, 2015-2017
Table 77 Market Ranking for OpenStack Service Market, 2017

List of Figures (39 Figures)

Figure 1 Market Segmentation
Figure 2 OpenStack Service Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 OpenStack Service Market Size Estimation Methodology: Top-Down Approach
Figure 6 Assumptions
Figure 7 Market By Component, 2017 & 2022 (USD Million)
Figure 8 OpenStack Service Market By Organization Size 2017 & 2022 (USD Million)
Figure 9 Market By Vertical 2017
Figure 10 Market By Region, 2017 & 2022 (USD Million)
Figure 11 Europe Market Expected to Grow at Highest Rate During Forecast Period
Figure 12 Fast and Easy Deployment as Well as Wide Community Support are Driving the Growth of the OpenStack Service Market
Figure 13 Service Segment of the Market is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Small & Medium Enterprises Segment of the Market is Expected to Grow at A Higher CAGR From 2017 to 2022
Figure 15 Telecommunication Segment of the Market is Projected to Grow at the Highest CAGR During Forecast Period
Figure 16 North America is Estimated to Account for the Largest Market Size in 2017
Figure 17 OpenStack Service Market: Drivers, Restraints, Opportunities & Challenges
Figure 18 OpenStack Architecture and Its Major Components
Figure 19 Service Segment Estimated to Grow at A Higher CAGR During the Forecast Period
Figure 20 The Small & Medium Enterprises Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 21 OpenStack Service Market, By Vertical, 2017-2022
Figure 22 North America is Projected to Lead the Market From 2017 to 2022
Figure 23 Regional Snapshot: Europe is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 24 North America Market Snapshot
Figure 25 Europe OpenStack Service Market Snapshot
Figure 26 Companies Adopted Agreements, Collaborations & Partnerships as Key Growth Strategies From 2015 to 2017
Figure 27 Red Hat: Company Snapshot
Figure 28 Red Hat: SWOT Analysis
Figure 29 Canonical: SWOT Analysis
Figure 30 Mirantis: SWOT Analysis
Figure 31 Cisco Systems: Company Snapshot
Figure 32 Cisco Systems: SWOT Analysis
Figure 33 Hewlett Packard Enterprise: Company Snapshot
Figure 34 Hewlett Packard Enterprise: SWOT Analysis
Figure 35 IBM: Company Snapshot
Figure 36 VMware: Company Snapshot
Figure 37 Rackspace: Company Snapshot
Figure 38 Huawei: Company Snapshot
Figure 39 Oracle: Company Snapshot

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