From an estimated USD 25.6 billion in 2022, the global Open Source Services Market is on track to reach USD 54.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 16.2%. The market's expansion is attributed to the affordability of open source software, freedom from vendor lock-ins, increased use of cloud and IoT in enterprises, and the ease of bug removal in open source solutions

What is OSS?

MarketsandMarkets defines OSS as services used by organizations for IT infrastructure modernization, application development, and DevOps by using open source technologies to achieve strategic IT goals. Open source services are often provided in the form of professional and managed services, which are tailored as per the open source solutions. These services help organizations solve complex infrastructure challenges and provide the lowest Total Cost of Ownership (TCO).

Major Highlights of theOpen Source Services Market

Since open source services usually dont require licencing fees, they are an affordable option for enterprises as they lower their total cost of ownership and upfront expenses.

Because open source software is constantly inspected by the community, security flaws are quickly found and fixed, guaranteeing strong security.

Through cooperative creation, open source promotes innovation by facilitating quick iterations, experiments, and uptake of novel features and technologies.

The utilisation of open source solutions facilitates data sharing and smooth integration across heterogeneous environments by promoting compatibility and interoperability with other software and platforms.

Because open source services are vendor neutral, businesses can select from a large number of service providers and support choices without being locked into a single vendor.

By organization size, SMEs segment to grow at highest CAGR during forecast period

SMEs are defined as organizations with an employee strength ranging from 1 to 1,000. In the current scenario, SMEs face different IT challenges due to their small staff and tight financial budget. Hence, they are increasingly deploying OSS fully. OSS is necessary for SMEs to optimize their operations and maintenance budget and allocate funds toward segments such as RD to stay updated with market trends. Since there are typically no upfront expenses associated with downloading or installing open-source software, all functions are present. Even if some open source software requires a monthly cost, it is typically less expensive and generally offers greater value. Open source software is one of the most dependable and safe solutions, even though many business owners may dread the worst because of its public nature. This is because thousands of developers view, test, and modify the source code. Users will then be able to find any faults or vulnerabilities right away. Even while hackers can access the source code, the network of workers swiftly foils any attempts they make.

Due to the intense market rivalry, many SMEs look for an appropriate Enterprise Resource Planning (ERP) system to boost their company's performance, particularly open source ERP systems. Open source ERP solutions are widely available nowadays. The difficulty is that most SMEs have a limited budget, necessitating an appropriate open source ERP for a successful implementation. For SMEs to make a wise investment, choosing an appropriate open source ERP must be carefully considered. SMEs' adoption and acceptance of OSS will help expand their customer base and enhance business efficiency through more service offerings to the clients. Governments are also taking initiatives to promote the adoption of OSS by SMEs in their respective countries.

By region, Asia Pacific to grow at significant CAGR during forecast period

Asia Pacific is among the digital hubs of the world, and businesses have been quick to identify the benefits of cloud technology as a facilitator of digital transformation. Major Asia Pacific economies spending on the public cloud platform is growing at a CAGR of 25%, faster than the US and Western Europe. The pandemic made it urgent for business leaders across Asia Pacific to increase their rate of cloud adoption and digital transformation, thereby embracing great market opportunities for open source service vendors across the region. Countries such as China, Japan, Australia, Singapore, India, and Indonesia are leading this technology adoption, which includes embracing new-age technologies such as AI, edge, IoT, analytics, and cloud. Rapid telecommunications, cloud computing, and IoT advancements have led several organizations to adopt cloud-based strategies.

Key Players

Major vendors in the global OSS market include IBM (US), Accenture (Ireland), Mulesoft (US), Wipro (India), Databricks (US), Suse (Germany), Cisco (US), Percona (US), Infosys (India), HPE (US), HCL Infosystems (India), Happiest Minds Technologies (India), Quansight (US), Swan Solutions Services (India), Nous Infosystems (India), Charter Global (US), ViSolve (US), Chetu (US), Evoke Technologies (US), HashiCorp (US), Confluent (US), C Ahead Technologies (US), Puppet (US), Eclature Technologies (UK), Tidelift (US) and Collabora (UK).

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