OpenStack service Market Analysis of Current Industry Figures with Growth Forecast by 2032

Market Overview

Market Research Future (MRFR) presumes the global openstack service market size to reach USD 79.63 billion at a CAGR of 23% from 2022 to 2030 (forecast period). The increasing adoption of cloud platforms by organizations to manage work efficiently and effectively is expected to boost the market during the anticipated period. Furthermore, several benefits of openStack services like no compulsion of customer lock-in, widespread community support, and simple and quick implementation are expected to fuel the market in the next years. Furthermore, rising demand for big data analytics, bring your own device, and smart device usage is expected to drive the market in the next years.

COVID-19 Pandemic to have a Temporarily Impact on the Global Market

The business impact of SARS-CoV-2 has been felt at many levels across several segments of the information technology industry. Companies in the IT sector that provide services for verticals such as travel, retail, hospitality, and entertainment have seen a significant drop in sales, whereas organizations that provide remote worker solutions have seen the opposite. The fate of the global openstack service market following the pandemic has been less bleak than that of Education Services (ES) and Professional Services (PS), which are heavily reliant on components that are typically on-site. Novel coronavirus has opened new doors for businesses looking for solutions that are dependable, efficiently managed, scalable, and subscription-based, allowing them to focus on their core competencies. The COVID-19 outbreak has had a less impact on the global openstack service market than on most other parts of the tech world.

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Market Segments

The global openstack service market has been segmented into components, organization size, and vertical.

Based on components, the global openstack service market has been segmented into solutions and services. The services has been further classified into consulting services, installation & integration services, and support & maintenance services. 

Based on deployment, the global openstack service market has been segmented into the public cloud, private cloud, and hybrid. 

Based on organization size, the global openstack service market has been segmented into SME and large enterprises. 

Based on verticals, the global openstack service market has been segmented into BFSI, IT & Telecommunication, manufacturing, retail, government, and others.

Major Players:

Some of the key players in the global open stack service market are Canonical (U.K), Cisco Systems (U.S.), VMware (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), Huawei (China), Oracle Corporation (U.S.), Dell Inc. (U.S.), Red Hat (U.S.), Rackspace (U.S.), Mirantis (U.S.), SUSE (Germany), Platform9 Systems (U.S.), EasyStack (China), Bright Computing (the Netherlands) and others. The key participants are continually innovating and investing in research and development activates to generate a cost-effective product portfolio. 

Some of the major innovators are Puppet (U.S.), Pactera Technology International Ltd. (China), Techblue Software Private Limited (India), The Cloudscaling Group, Inc., (U.S.), Aptira (Australia), CDI LLC (U.S.), Cyxtera Data Centers, Inc. (U.S.), AQORN (U.S.), and others.

Introduction

In the realm of cloud computing, OpenStack has emerged as a revolutionary open-source platform. Its robust and flexible infrastructure-as-a-service (IaaS) capabilities have empowered organizations to build and manage their private and public clouds effectively. This article delves into the various facets of OpenStack service, exploring its features, benefits, and implementation strategies.

1. What is OpenStack?

OpenStack is a cloud computing platform that enables the creation and management of large pools of virtual resources. It provides a comprehensive set of services for compute, storage, networking, and more. Developed collaboratively by a global community of contributors, OpenStack offers an open and scalable solution for organizations seeking to leverage the power of cloud computing.

1. Key Components of OpenStack

2.1 Nova: Compute Service OpenStack Nova serves as the core computing engine, responsible for managing and provisioning virtual machines (VMs) and other instances. It offers scalability, high availability, and extensive API support.

2.2 Swift: Object Storage Swift provides scalable and durable object storage for unstructured data. It is highly resilient, ensuring data redundancy and availability across distributed clusters. Swift's RESTful API allows seamless integration with applications.

2.3 Cinder: Block Storage Cinder delivers persistent block storage for virtual machines. It allows users to attach and detach storage volumes, making it suitable for databases, file systems, and other applications requiring high-performance storage.

2.4 Neutron: Networking Service Neutron provides networking capabilities for OpenStack deployments. It enables the creation of virtual networks, routers, firewalls, and load balancers. Neutron's flexibility and extensibility facilitate complex networking topologies.

2.5 Keystone: Identity Service Keystone manages authentication and authorization services in OpenStack. It provides a unified identity framework, supporting multiple authentication methods and integrating with existing directory services.

1. Benefits of OpenStack

3.1 Scalability and Flexibility OpenStack allows organizations to scale their infrastructure according to their needs. It provides flexible resource allocation and management, enabling efficient utilization of computing, storage, and networking resources.

3.2 Cost-Effective Solution By leveraging OpenStack, organizations can reduce infrastructure costs by utilizing commodity hardware and open-source software. OpenStack's modular architecture ensures that businesses pay only for the resources they require.

3.3 Vendor Independence OpenStack's open-source nature promotes vendor independence, giving organizations the freedom to choose their hardware and software components. This eliminates vendor lock-in and facilitates seamless integration with existing systems.

3.4 Community Support OpenStack benefits from a vast and active community of contributors and users. This vibrant ecosystem ensures regular updates, bug fixes, and the development of new features. Users can tap into community knowledge and expertise through forums, mailing lists, and events.

1. Implementing OpenStack

4.1 Deployment Models OpenStack can be deployed using various models, including public, private, and hybrid clouds. Organizations can choose the model that best suits their requirements, whether it's hosting applications on public clouds or creating their private cloud infrastructure.

4.2 OpenStack Distributions Multiple distributions of OpenStack are available, each offering different features, support, and management tools. Some popular distributions include Canonical's Ubuntu OpenStack, Red Hat OpenStack Platform, and Mirantis Cloud Platform. Organizations must evaluate their specific needs before selecting a distribution.

4.3 Training and Certification To ensure successful OpenStack implementation, organizations can invest in training and certification programs. These programs equip IT professionals with the necessary skills to deploy, manage, and troubleshoot OpenStack environments effectively.

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Conclusion

OpenStack has revolutionized the cloud computing landscape, providing organizations with a flexible and scalable infrastructure-as-a-service platform. Its key components enable seamless management of compute, storage, and networking resources. By leveraging OpenStack, businesses can reduce costs, achieve vendor independence, and tap into a vibrant community for support and innovation.