OpenStack Revolutionizes Cloud Services with Cost-Efficiency and Operational Effectiveness, Driving Market Expansion
DUBLIN, Nov. 10, 2023 /PRNewswire/ -- The "OpenStack Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global OpenStack service market, valued at US$ 6.0 Billion in 2022, is on the brink of remarkable expansion. Market analysts project substantial growth, with expectations that the market will reach US$ 23.3 Billion by 2028, reflecting an impressive Compound Annual Growth Rate (CAGR) of 26.7% during the period from 2023 to 2028.
OpenStack: Revolutionizing Cloud Services
OpenStack is an open-source platform that empowers users with the freedom to access, modify, and share its source code. Functioning as Infrastructure-as-a-Service (IaaS), OpenStack facilitates seamless communication and storage between computer hardware devices and the cloud. This versatile platform encompasses a range of computing services, including object and block storage, networking, and shared file systems.
It serves diverse purposes, such as web hosting, big data projects, Software-as-a-Service (SaaS) delivery, and efficient resource utilization via a user-friendly web interface. OpenStack offers high efficiency, on-demand services, resource pooling, and remarkable flexibility and agility, making it invaluable for medium to large enterprises across industries such as manufacturing, telecommunications, and energy.
Key Drivers of OpenStack Market Growth
Several factors are propelling the growth of the OpenStack service market:
The report provides a comprehensive breakdown of the global OpenStack service market:
Breakup by Component Type:
Breakup by Organization Size:
Breakup by Platform:
Breakup by Application:
Breakup by Region:
Key players in the OpenStack service market include Bright Computing Inc., Canonical, Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise, IBM, Mirantis Inc., Oracle Corporation, Rackspace Inc., Red Hat Inc., SUSE, VMware Inc., and others. These industry leaders are at the forefront of innovation and technological advancements in the OpenStack ecosystem.
Key Questions Answered in This Report
The report addresses critical questions about the global OpenStack service market:
For more information about this report visit https://www.researchandmarkets.com/r/13g1ln
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