Open Source Services Market- Future Trends and Scope Analysis by 2024


OPEN SOURCE SERVICES (OSS) MARKET OVERVIEW

 With the increasing availability of open source platforms, rising tech savvy populations, and flexibility to customize the code, the open source services market is gaining momentum across the globe. These services enable users to interact and modify the source code. As more number of users can develop a code better and more purposeful, its relevancy consequently increases.

With the ever-growing number of start-ups and their budget constraints, the open source services market is growing more rapidly as these services are mostly free of charge or are available in low budgets. Developers across the globe are increasingly using open-source software platforms as well as participating in technology and innovation to increase productivity on a personal level as well as on a shared platform. These factors are likely to bolster the growth of open source services market, during the forecast period.

On the basis of services, open source services market is categorized into consulting, implementation, support, maintenance, and management and training. These services are speedily gaining adoption in both, established businesses as well as the start-ups. Training, targeted ads, customization for certain additional functionalities and offering paid support, are a few ways of making money in the open source services market. Consulting services segment is estimated to contribute the largest revenue to the market, as companies operating in this market are increasingly developing strategies to make developers more aware about Linux and other open-source packages.

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North America is estimated to contribute the largest revenue to the open source services market in 2017. Enterprises are heavily adopting the services owing to the technological developments in the region. A growing concern in security, particularly in EMEA has led some companies to seek the open-source solutions to maintain security and data privacy in areas such as email, cloud services and file transfer.

Open source services have numerous advantages; for instance, they are secure, offer better data privacy and ability of customization, and are cheaper than the proprietary solutions. These factors attract more organizations and users to adopt them. Hence, with the increasing demand, the growth of open source services market also increases.

Open Source Services Market Competitive Landscape
Some of the key players in the open source services market include Red Hat Inc., Accenture, Wipro Limited, IBM, Infosys Limited, Cisco Systems, Atos SE, HCL Technologies, Hewlett Packard Enterprise (HPE), and Oracle.

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