Global OpenStack Service Market to Grow at 21.07% During 2025-2033, Supported by Widespread Adoption of Cloud-based Platforms

January 06, 2025 | Technology & Media

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According to the latest report by IMARC Group, titled "OpenStack Service Market Report by Component Type (Solution, Services), Organization Size (Large Enterprises, Medium Enterprises, Small Enterprises), Platform (Public Cloud, Private Cloud, Hybrid), Application (BFSI, Government and Defense, Information Technology, Telecommunication, Academic and Research, Retail and E-Commerce, Manufacturing, and Others), and Region 2025-2033," the global OpenStack service market reached a value of USD 9.3 Billion in 2024. OpenStack refers to a cloud operating system that allows users to effectively plug, access, and modify components. It is mainly deployed as infrastructure-as-a-service (IaaS) in both private and public cloud, wherein virtual servers and other data are made available through common authentication mechanisms. OpenStack comprises various services, such as networking and shared files, and object and block storage. These elements can be utilized for web interface and hosting, conducting complex data projects, and delivering software-as-a-Service (SaaS). OpenStack offers on-demand services, high efficiency and flexibility, increased agility, and resource pooling to medium and large enterprises. On account of these benefits, it finds extensive application in the manufacturing, telecommunication and energy industries.

Global OpenStack Service Market Trends:

The global OpenStack service market is primarily being driven by the widespread adoption of cloud-based and internet-enabled services by enterprises. Additionally, the increasing demand for big data analytics, the emerging trend of bring your own device (BYOD) in workplaces and the escalating sales of smartphones are catalyzing the market growth. Moreover, OpenStack is a cost-effective digital solution that helps organizations to maintain operational effectiveness and increase profitability. Due to this, it is being extensively deployed across telecom verticals and small and medium-sized enterprises (SMEs). Furthermore, technological advancements in the OpenStack infrastructure are providing lucrative opportunities for heterogeneous enterprises that require enhanced speed and developer experience, thereby creating a positive outlook for the market further. Looking forward, the market value is projected to reach USD 56.2 Billion by 2033, expanding at a CAGR of 21.07% during 2025-2033.

Market Summary:

Based on the component type, the market has been bifurcated into solution and services.
On the basis of the organization size, the market has been divided into large, medium, and small enterprises.
Based on the platform, the market has been segmented into public cloud, private cloud, and hybrid.
On the basis of the application, the market has been classified into BFSI, government and defense, information technology, telecommunication, academic and research, retail and e-commerce, manufacturing, and others.
On the geographical front, the market has been categorized into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being Bright Computing Inc., Canonical, Cisco Systems Inc., Dell Technologies Inc, Hewlett Packard Enterprise, IBM, Mirantis Inc., Oracle Corporation, Rackspace Inc., Red Hat Inc., SUSE, and VMware Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Component Type, Organization Size, Platform, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Bright Computing Inc., Canonical, Cisco Systems Inc., Dell Technologies Inc, Hewlett Packard Enterprise, IBM, Mirantis Inc., Oracle Corporation, Rackspace Inc., Red Hat Inc., SUSE and VMware Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global OpenStack Service Market to Grow at 21.07% During 2025-2033, Supported by Widespread Adoption of Cloud-based Platforms

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