DUBLIN – (COMMERCIAL THREAD)–The “Global Open Source Services Market by Type, Industry Vertical, Regional Outlook, Industry Analysis Report and Forecast, 2021-2027” the report was added to ResearchAndMarkets.com offer.
The global open source services market size is expected to reach $ 60 billion by 2027, with the market growth of 17% CAGR during the forecast period.
Key market players
Cisco Systems, Inc.
Hewlett Packard Enterprise
The term “open source” refers to a kind of license agreement, which allows users to independently modify a work, combine a work with large projects, use a work in different ways, or develop a new work. based on the authentic. Open source helps break down barriers between innovators, which encourages a free exchange of ideas within a community to fuel scientific, creative and technological advancements. The software industry is the most common user of open source; However, several professionals from different industries, including electronics, biotechnology, robotics, fashion and education, use open source solutions.
Factors such as the increased accessibility of open source platforms, the growth of the tech-savvy population, and greater flexibility to modify code are increasing the popularity of open source services around the world. Open source services help customers communicate and modify source code. The relevance of these services has increased as more users can create code in a better way and make it more useful. In addition, open source management projects help improve the capabilities of the business. Software like LibreCAD (2D CAD software), Blender (3D modeling software), and SimPy, automatically offer various benefits through copyright protection, which should provide the developer with greater control over whether to authorize copies of derivatives.
COVID-19 impact assessment
The outbreak of the COVID-19 pandemic has had a positive impact on the open source services market. The imposition of various restrictions such as travel bans and lockdowns, which has motivated companies to adopt open source services to advance and innovate their products. Additionally, the adoption of a work-from-home culture due to the pandemic has created more complex challenges for businesses to overcome. Several companies are increasingly adopting open source services to gain competitive advantage and implement the latest innovations.
Market growth factors:
Low cost of software licenses and easy management
Replacing a paid software package with an open source version can help reduce the overall cost, which is of great benefit to businesses. Several open source software products are freely shared, which makes them very popular and thus contributes to their high adoption rate. Open source software is not similar to closed proprietary software as it can be modified and extended by any developer across the world who is familiar with the source code.
More transparency and reliability should support market growth
Open source code provides full visibility into the code base and also allows all the discussion about how a community builds features and tackles bugs. On the other hand, proprietary code generated in secret can lead to unexpected restrictions, which prompt companies to adopt open source services or solutions and hence fuel the growth of open source services market during the period. forecast. By using open source services, businesses can protect themselves from lockdown risks and thereby increase the reliability of solutions, which should drive adoption of open source services and solutions.
Market restriction factor:
Open source services or solutions are more prone to malicious users
Open source offers many benefits but also poses a threat to businesses as open source services are accessible to others as well, increasing the security risks for any business. Additionally, security risks are the major challenges for businesses as malicious users can view the code and modify it to their advantage. There are several people who have access to the source code of any open source service, but not everyone has good intentions.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
220.127.116.11 Market composition and scenario
2.2 Key factors influencing the market
2.2.1 Market drivers
2.2.2 Market restrictions
Chapter 3. Competitor Analysis – Global
3.1 Cardinal matrix
3.2 Recent Strategic Industry-Wide Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and Mergers
3.3 Best winning strategies
3.3.1 Main main strategies: percentage distribution (2017-2021)
3.3.2 Key strategic action: (Product launches and product expansions: 2017, June – 2021, June) Key players
Chapter 4. Global Open Source Services Market by Type
Chapter 5. Global Open Source Services Market by Industry Vertical
Chapter 6. Global Open Source Services Market by Regions
Chapter 7. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/y81r9q