The global open source services market size reached US$ 25.93 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 74.46 Billion by 2028, exhibiting a growth rate (CAGR) of 17.60% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Open Source Services
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028," the global open source services market size reached
US$ 25.93 Billion in 2022.
Open source services refer to software or projects that are developed and
distributed under an open-source license, allowing anyone to use, modify, and
distribute the software's source code freely. These services play a crucial role
in the world of technology and innovation. Open source fosters collaboration
and community-driven development, enabling individuals and organizations to
create, improve, and customize software solutions according to their specific
needs.
These encompass a wide range of applications, including operating systems,
web servers, content management systems, and development frameworks. The
open-source model promotes transparency, enabling developers to inspect,
modify, and contribute to the codebase. This collaborative approach often
results in robust, secure, and feature-rich software.
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4. Report Description
Global Open Source Services Market Trends:
The global market is primarily driven by technological innovation, cost-efficiency demands, and the collaborative
nature of software development. Open source software, characterized by its transparency and accessibility, has
gained substantial traction as businesses and organizations seek flexible and customizable solutions while
minimizing licensing costs. Moroever, as organizations aim to streamline operations and deliver enhanced user
experiences, they often turn to open source solutions that can be tailored to meet specific needs. This demand
has led to an increase in demand for consulting, customization, integration, and support services provided by
open source service providers.
Furthermore, the cost-effectiveness of open source solutions cannot be overstated. By opting for open source
software, organizations can significantly reduce licensing fees, which is particularly appealing for startups, small
businesses, and developing economies. The need for seamless integration, maintenance, and troubleshooting has
consequently given rise to a competitive landscape for open source service providers.
Looking forward, the market value is projected to reach US$ 74.46 Billion by 2028, expanding at a CAGR of
17.60% during 2023-2028.
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5. Report
Segmentation
Service Type Insights:
• Professional Services
o Training and Consulting
o Integration and Implementation
o Support and Maintenance
• Managed Services
Organization Size Insights:
• Large Enterprises
• Small and Medium-sized Enterprises
Industry Vertical Insights:
• BFSI
• IT, ITeS, and Telecom
• Retail and E-commerce
6. Report
Segmentation
• Healthcare and Life Sciences
• Manufacturing
• Education
• Others
Regional Insights:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• Charter Global Inc.
• Chetu Inc
• Cisco Systems Inc.
• Databricks Inc.
• Happiest Minds Technologies Limited
• HashiCorp
• Hewlett Packard Enterprise Company
• Infosys Limited
• International Business Machines Corporation
• Nous Infosystems
• Percona LLC
• Wipro Limited
8. Key Questions
Answered in
the Report
How has the global open source services market
performed so far, and how will it perform in the coming
years?
What are the drivers, restraints, and opportunities in the
global open source services market?
What is the impact of each driver, restraint, and
opportunity on the global open source services market?
What are the key regional markets?
Which countries represent the most attractive open
source services market?
What is the breakup of the market based on the service
type?
Which is the most attractive service type in the open
source services market?
9. Key Questions
Answered in
the Report
What is the breakup of the market based on the
organization size?
Which is the most attractive organization size in the open
source services market?
What is the breakup of the market based on the industry
vertical?
Which is the most attractive industry vertical in the open
source services market?
What is the competitive structure of the global open
source services market?
Who are the key players/companies in the global open
source services market?
10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Global Open Source Services Market - Introduction
4.1 Overview
4.2 Market Dynamics
4.3 Industry Trends
4.4 Competitive Intelligence
5 Global Open Source Services Market Landscape
5.1 Historical and Current Mark et Trends (2017 -2022)
5.2 Market Forecast (2023 -2028)
6 Global Open Source Services Market - Breakup by
Service Type
6.1 Professional Services
6.1.1 Overview
6.1.2 Historical and Current Mark et Trends (2017 -2022)
6.1.3 Mark et Segmentation
6.1.3.1 Training and Consulting
6.1.3.2 Integration and Implementation
6.1.3.3 Support and Maintenance
6.1.4 Mark et Forecast (2023 -2028)
6.2 Managed Services
6.2.1 Overview
11. Table of
Contents
6.2.2 Historical and Current Mark et Trends (2017 -2022)
6.2.3 Mark et Segmentation
6.2.4 Mark et Forecast (2023 -2028)
6.3 Attractive Investment Proposition by Service
Type
7 Global Open Source Services Market - Breakup by
Organization Size
7.1 Large Enterprises
7.1.1 Overview
7.1.2 Historical and Current Mark et Trends (2017 -2022)
7.1.3 Mark et Segmentation
7.1.4 Mark et Forecast (2023 -2028)
7.2 Small and Medium-sized Enterprises
7.2.1 Overview
7.2.2 Historical and Current Mark et Trends (2017 -2022)
7.2.3 Mark et Segmentation
7.2.4 Mark et Forecast (2023 -2028)
7.3 Attractive Investment Proposition by
Organization Size
8 Global Open Source Services Market - Breakup by
Industry Vertical
8.1 BFSI
8.1.1 Overview
8.1.2 Historical and Current Mark et Trends (2017 -2022)
8.1.3 Mark et Segmentation
8.1.4 Mark et Forecast (2023 -2028)
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