Open Source Services Market Size, Share & Industry Analysis By Services (Managed Services, Support and maintenance, Training and Consulting, Implementation), By Enterprise Size (Small and Medium-size enterprises, Large Enterprises), By Industry ( Banking, Financial Services & Insurance (BFSI), Government, IT & Telecom, Manufacturing, Healthcare & Life Sciences, Retail, Others) And Regional Forecast, 2024-2032

The expansion of worldwide open source services is accelerating due to its expanding availability of open source platforms, the capacity to modify the code, and the growing number of tech-savvy people. Users can edit and interact with the source code through open-source services. As the number of users that modify the code and improve its functionality and adaptability grow, its value proportionally increases.

With the growth of technology adoption, companies utilize open source services for application development, IT infrastructure modernization, integration, and digital transformation. For Instance, according to a report of Red hat's 2019 State of Enterprise Open Source, open source IT infrastructure modernization is used by 53% of organizations, followed by 43% for application integration and 42% for digital transformation.

Additionally, the use of permissive open-source licenses has increased while the use of copyleft licenses, particularly the GPL family, has decreased. Users of the software are subject to minimum restrictions under permissible licenses. These licenses allow the software to be incorporated into other proprietary applications without revealing the source code. This latest software can be spread, reducing money and time and contributing to the open-source service market's growth. For Instance, in 2021, According to WhiteSource Software data, Permissive licenses are used by 76% of open source components. This is a 9% increase over the previous year's 67%. Only 24% of open source licenses are copyleft, down from 33% the previous year.

IMPACT OF COVID-19 ON THE OPEN-SOURCE SERVICES MARKET

The demand for open-source services is increasing during the ongoing COVID-19 pandemic. Models, mobile and web applications, open-source repositories containing datasets, visualizations, and others are being used and expanded by market vendors to develop and build new solutions to prevent the spread of the virus by increasing awareness. For Instance,

• In 2020, Locale.ai launched open-source interactive visualization for all documented incidents of COVID-19. The map will update live records with the latest data in real-time.

Furthermore, adopting new business tactics or deploying new technologies has shown to be a productive approach to expansion.  As companies focusing on partnerships and the latest technologies innovation, the market will grow in the coming years.

KEY INSIGHTS-

The report will cover the following insights-

• Micro Macro Economic Indicators


• Drivers, Restraints, Opportunities, and Trends


• Impact of Covid-19


• Business Strategies Adopted by Key Players


• Consolidated SWOT Analysis of Key Players

ANALYSIS BY END-USER-

Healthcare and Life Science Industry to boost the market growth.

Owing to advanced clinical decision support (CDS) and service adoption in healthcare and life sciences boost the open source services market. Because the source code is available, doctors and informaticists can collaborate to create a CDS system that helps in seamless interaction with a company's clinical process. Additionally, the rising partnerships, mergers, and acquisitions across the healthcare and life science industry will likely boost the market growth.

• For Instance, in November 2020, World Health Organisation (WHO) collaborated with Red Hat, Inc. to assist healthcare workers. Red Hat's open practice library, open source technologies, and open innovation labs from Red Hat community projects were utilized in the partnership. This enables faster access to appropriate healthcare data and reduces misinformation.

REGIONAL ANALYSIS-

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North America is expected to hold a major market share in the coming years due to major market players such as IBM Corporation, Red Hat, Inc., Oracle Corporation, and others across the region. The rapid adoption rate in innovative technology and increased investment in cloud technology will help boost the region's market.

• For Instance, Zymr, Inc., a cloud software development firm, uses open source technology and agile development practices to create purpose-built software that develops with the needs of customers' industries. Zymr provides a technology partner for organizations looking to exploit their existing core IP, integrated Cloud, and other capabilities.

KEY PLAYERS COVERED-

Key players in the open source services market include IBM Corporation, Oracle Corporation, Red Hat, Inc., Accenture Plc., Wipro Limited, Cisco System, Inc., SUSE, MuleSoft, LLC, Data bricks Inc., ViSolve.Com, Hewlett Packard Enterprise Development LP, Infosys Limited, Kubermatic GmbH, and others.

SEGMENTATION

KEY RECENT DEVELOPMENTS-

• August 2021 – Broadcom, Inc., Cisco Systems, Inc., and Facebook launched TIP Group for open source software on 6 GHz Wi-Fi. This new TIP project group aims to create open source software that will serve as a common reference for AFC systems. Unlicensed devices in the newly available 6 GHz band will exploit the AFC to operate outdoors and indoors with a greater range while incumbent services are secured.


• August 2020 - Kubermatic GmbH introduced “KubeCarrier” a new open-source cloud service management platform that tries to overcome technical issues like overlay networking, service meshes, and authentication that occur with the deployment of Kubernetes clusters. The Kubecarrier is available on Github.