Cloud Network Infrastructure Market Share, Business Overview, Challenges, Opportunities Share Global Analysis and Forecast to 2027

Market Overview:
The global OpenStack
service Industry market
witnesses a constant revenue increase. The growth attributes to the increasing
adoption of cloud technology for data storage and the introduction of big data
analytics. Cloud service usage is on the rise, which, alongside the rising
cloud networking framework, drives the growth of the market. Moreover, the
growing demand for organizing and managing heterogeneous storage and network resources
in IT organizations escalates market growth.
According to Market
Research Future (MRFR), the global OpenStack service market is projected to
reach over USD 8 BN by 2023, registering a whopping 29% CAGR
throughout the forecast period (2017-2023). Organizations deploy OpenStack to
manage cloud-based infrastructure, web hosting, SaaS delivery (Software as a
Service), and many more. Also, organizations adopt service offerings in their
cloud-based services for numerous advantages like cost savings, customization,
value-added services, and innovation in the product line.
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Players leading the
global OpenStack service market include Huawei (China), Canonical (UK), Cisco
Systems (US), VMware (US), SUSE (Germany), Hewlett Packard Enterprise (US),
Dell Inc. (US), Oracle Corporation (US), IBM Corporation (US), Rackspace (US),
Red Hat (US), Mirantis (US), EasyStack (China), Platform9 Systems (US), Pactera
Technology International Ltd. (China), Puppet (US), The Cloudscaling Group,
Inc., (US), CDI LLC (US), Aptira (Australia), Techblue Software Private Limited
(India), AQORN (US), Cyxtera Data Centers, Inc.(US), and Bright Computing (the
Netherlands), among others.
Segmental Overview:
The
report is segmented into five dynamics;
By Component : Solution and Services (consulting services, installation &
integration services, and support & maintenance services).
By Deployment : Public Cloud, Private Cloud, and Hybrid.
By Organization Size: SME and Large Enterprises.
By Vertical : BFSI, IT & Telecommunication,
Manufacturing, Retail, Government, and others.
By Regions : Europe, Americas, Asia Pacific, and the
Rest-of-the-World.
Regional
Analysis:
North America dominates the global OpenStack
service market. The largest market share attributes to the presence of several
notable players and the early adoption of cloud-based services in the region,
improving the OpenStack infrastructure that can re-structure business functions
& strategies. Besides, raising usages of private cloud and the adoption of
BYOD (Bring Your Device) policy among organizations drives the growth of the
market.
Moreover, advancements in cloud technology and
vast numbers of networks due to the digital revolution across the industries
influence the OpenStack service market growth. The US and Canada, with their
increasing OpenStack service applications, hold considerable shares in the
regional market. The North American OpenStack service market is projected to
retain its dominance throughout the estimated period.
Europe holds the second-largest market share in
the global OpenStack service market. The region has seen an increased
application in IT & telecommunication sector in the region, fostering the
market growth. Additionally, the market growth is fostered by the increasing
adoption of advanced OpenStack services across the industries.
Furthermore, augmenting research and development
in telecom industry technology related to network expansion increases the
market size. The European OpenStack service market is anticipated to create a
substantial revenue pocket during the assessment period.
The Asia Pacific OpenStack service market is
emerging as a profitable market globally. Factors such as the high penetration
of the Internet of Things and cloud-related technology in the region propel
market growth.
Moreover, the increasing uptake of cloud-based
services and enormous opportunities across businesses in the region influence
the market's growth. The APAC OpenStack service market is expected to grow at
an impressive CAGR during the predicted period.
Industry News
The global OpenStack service Market Research Trends has been
affected due to the lockdown across the regions. This pandemic situation has
hampered the OpenStack service Market
Research Growth as well as its productivity, supply chain, and others.
Moreover, the global market has lost its investors due to the increasing loss
for the products, supply, transportation, workforce, and others. However, in
the meantime, the key market players have implied various strategic techniques
to boost global market growth. Thus, to meet the global market demands, the
global market increased its speed in producing more valuable products for its
intended customers. Recently, the global market has stabilized its position in
the global market and is expected to register a higher OpenStack service Market Research Size for the forecast period.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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