PUBLISHER: The Business Research Company | PRODUCT CODE: 1694670
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694670
An OpenStack service is a modular cloud computing platform that offers various components and functionalities for constructing and overseeing public and private clouds. OpenStack services are engineered to be highly scalable, interoperable, and customizable, enabling users to deploy and manage cloud infrastructure according to their specific needs.
The main components of OpenStack services are services and solutions. Services in the context of technology or business generally refer to offerings provided by a company, organization, or individual to meet specific needs or requirements of their customers or clients, its deployment models include on-cloud and on-premise, and it used in information technology, telecommunication, banking and financial services, academic, and retail or e-commerce.
The main components of OpenStack services are services and solutions. Services in the context of technology or business generally refer to offerings provided by a company, organization, or individual to meet specific needs or requirements of their customers or clients, its deployment models include on-cloud and on-premise, and it used in information technology, telecommunication, banking and financial services, academic, and retail or e-commerce.
The openstack service market size has grown exponentially in recent years. It will grow from $16.63 billion in 2024 to $21.27 billion in 2025 at a compound annual growth rate (CAGR) of 27.9%. The growth in the historic period can be attributed to flexibility and customization, vendor neutrality, community support, and innovation and experimentation.
The openstack service market size is expected to see exponential growth in the next few years. It will grow to $55.72 billion in 2029 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to edge computing integration, AI and machine learning integration, containers and Kubernetes integration, hybrid and multi-cloud strategies, data management and governance. Major trends in the forecast period include ai-driven automation, standardization and interoperability, ecosystem convergence, regulatory compliance enhancements, and industry-specific solutions.
Increasing demand for hybrid and multi-cloud deployments is expected to propel the growth of the open-stack service market going forward. A hybrid cloud environment comprises private and public cloud services, while a multi-cloud model includes two or more public cloud services. The demand for hybrid and multi-cloud deployments is increasing due to their ability to offer flexibility, scalability, resilience, and cost-effectiveness to organizations. Hybrid and multi-cloud deployments with OpenStack enable organizations to optimize resource utilization by dynamically allocating workloads across different cloud environments based on performance, cost, and regulatory considerations. For instance, in December 2023, according to CloudZero Inc., a US-based cloud computing company, most organizations deployed a hybrid cloud (39% vs. 36% last year) or a multi-cloud strategy (33%) to leverage multiple services, achieve scalability, or support business continuity. Additionally, four out of five companies use two or more IaaS or PaaS providers. Therefore, the increasing demand for hybrid and multi-cloud deployments is driving the growth of the open-stack service market.
Major companies operating in the OpenStack service market are developing innovative technologies, such as OpenStack Platform 17.1, to increase their profitability in this market. OpenStack Platform 17.1 provides a comprehensive and feature-rich cloud infrastructure platform that organizations can use to effectively deploy and manage their applications and services. For instance, in June 2023, Red Hat Inc., a US-based software company, launched OpenStack Platform 17.1 with enhanced security. Red Hat Inc. Platform 17.1, in particular, aims to support advanced use cases, including open virtualized radio access networks (RAN), 5G standalone cores, and network, storage, and computing features. It is intended to assist service providers in maximizing their resources, scaling up more quickly, and bridging their current 4G investments with the newest 5G network infrastructures.
In June 2023, Red Hat, a U.S.-based technology company, revealed a strategic partnership with Nokia to integrate Nokia's core network applications with Red Hat's OpenStack Platform and OpenShift. This collaboration is designed to help service providers transform their 5G networks into cloud-native environments, improving deployment options and operational efficiency. Nokia, a Finland-based telecommunications company, is known for its expertise in network infrastructure.
Major companies operating in the openstack service market are Dell Inc., Huawei Technologies Co. Ltd., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise Company, VMware Inc., NetApp Inc., Red Hat Inc., Rackspace US Inc., SUSE Software Solutions Germany GmbH, Canonical Ltd., Docker Inc., Nuage Networks, EasyStack Inc., Mirantis Inc., Bright Computing Inc., Trilio Data Inc., CloudFerro S.A., CloudEndure Ltd., Platform9 Systems Inc., Cloudscaling Group Inc., Piston Cloud Computing Co., Nebula Inc., Nexenta Systems Inc.
Europe was the largest region in the openstack service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the openstack service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the openstack service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The OpenStack service market includes revenues earned by entities by providing networking, image service, and database as a service. The market value includes the value of related goods sold by the service provider or included within the service offering. The OpenStack service market consists of sales of security and compliance tools, container platforms, storage solutions, cloud management platforms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
OpenStack Service Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on openstack service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for openstack service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The openstack service market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.