An open stack is an open source cloud platform, which is focused on free cloud computing services. It consists of software tools that help in managing the platform for the public and private clouds.
Open source platform is the major driving factor for growth of the global open stack services market
According to a recent market survey by Coherent Market Insights, more than 78 percent of enterprises operate on open source and less than 3 percent indicate that they don't rely on open software. Significant paradigm shift towards open-source software, owing to the requirement to gain competitive edge and enhance their operational productivity is expected to drive market growth. Some of the major technology players that include Amazon, Google, IBM, Facebook, Walmart, and The Linux Foundation have made substantial strategic developments towards these platforms. For instance, in February 2018, The Linux Foundation introduced Akraino Project, that aids carrier availability and performance requirements in cloud services.
Open source software doesn’t include additional charges and fees associated with proprietary software, such as administration fees, multi-user fees, and software upgrade costs, which reduces the business operating cost and budget. It also enables to allocate more money on beneficial enterprise services associated with open source services such as user training, support, and custom development.
Open source services (OSS) help the business in terms of financial saving, reducing operating costs, andenables the business to allocate their finance on the secondary activities that includes user training, support and custom development.
Demand for open source is increasing, as it is a proven essential tool for enterprise IT revolution, operational effectiveness, and business value formation. This in turn, is increasing growth of the open stack services market.
Increasing adoption of open sources among IT enterprises to improve key business functions, especially financial management and accounting is the major factor boosting growth of the market. However, high initial cost of implementation and lack of skilled workforce are the major restraining factor for growth of the global open stack service market.
Global Open Stack Services Market Taxonomy
Global Open Stack Services Market Outlook – North America held the largest share in the global open stack services market in 2016.
North America region held a dominant industry position and is estimated to retain its dominance over the forecast period, owing to increasing adoption of advanced technologies, such as cloud computing, Big Data, Internet of Technology (IoT), and business intelligence tools by the organizations, which in turn is reducing the business cost and increasing the productivity and profitability. According to the Coherent Market Insights, the cloud application market in the U.S. accounted for US$ 19.93 billion in 2017, which in turn expanded the U.S. economy by 2.3%, which is higher than 1.5% in 2016.
Key Companies in Global Open Stack Services Market
Technology-driven trends area expected revolutionize the industry players respond to fluctuating consumer behaviour, 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
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
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