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At 23.65 % CAGR open source services market potentially worth $ 32.95 billion by 2022 according to new research report

Industrial Market Research

Study papers on Open Source Services market and regional forecast. Open Source Services market players are Red Hat (US), Accenture (Ireland), Wipro (India), IBM (US), Infosys (India), Cisco Systems (US), Atos (France), HCL (India), HPE (US), Oracle (US).

Download Brochure of Open Source Services Market spread across 86 pages, Profiling 10 Companies and Supported with 12 Tables and 27 Figures is now available at…ple?rname=1347235

Open source services market size is expected to grow from USD 11.40billion in 2017 to USD 32.95billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.65% during the forecast period. The reduction in the total cost of ownership and the increased return on investments are expected to be the major factors driving the growth of the open source services market.

On the other hand, low security of open source software and high cost of integrating services are major restraints for the open source services market growth.

Target Audience

  • Open source services providers
  • Managed service players
  • Support service providers
  • Value-added resellers

The manufacturing industry vertical is expected to lead in terms of open source services adoption, owing to production planning, inventory planning, and demand forecasting.

The BFSI industry vertical is expected to eventually adopt open source services in investment and banking sector to reduce the IT investments.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

Get More Information on Open Source Services Market with Top Company Profiles and Overview at

North America is estimated to contribute highest market share in 2017, and is projected to lead the open source services market during the forecast period. The reason for the increasing growth is the initial adoption of developing technologies and the high investments in cloud-based solutions.

The Europe, Middle East, and Africa (EMEA) region is also expected to witness considerable adoption of open source technologies. The enterprises in this region are expected to be one of the major driving forces in terms of developing open source services.

Germany, Spain, and Italy are expected to be significant users of open source services, while Greece and the UK are anticipated to witness a low degree of adoption, when compared with other European countries.

Research Methodology

  • Research Data
  • Key Data From Secondary Sources
  • Key Data From Primary Sources
  • Market Size Estimation: Bottom-Up and Top-Down Approach
  • Vendor Analysis Matrix Methodology
  • Vendor Inclusion Criteria
  • Research Assumptions

Report at

The report includes in-depth competitive analysis of these key players in the open source services market, with their company profiles, recent developments, and key market strategies. The research report segments the open source services market by service type, vertical, and region.

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