OpenStack Services Market Is Likely to Experience a Tremendous Growth in Near Future

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The global OpenStack Services Market is expected to grow from US$ +1.63 Billion in 2017 to US$ +5.66 Billion by 2023 at a compound annual growth rate of +28.3% during the forecast period 2023.

OpenStack is an arrangement of software instruments for building and overseeing distributed computing stages for open and private clouds. Sponsored by probably the greatest organizations in programming improvement and facilitating, and a huge number of individual network individuals, many imagine that OpenStack is the fate of distributed computing. Open-stack is overseen by the OpenStack Foundation, a non-benefit that administers both advancement and network working around the task.

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Top Key Players:

• Cisco Systems
• Dell
• HP
• IBM
• Mirantis
• Rackspace
• Red Hat
• SAP

Another major factor contributing to the growth of OpenStack services market is the growing adoption of smartphone and related application such as social media, financing, entertainment, games, all running under a single platform. OpenStack services has seen most of its applications in enterprises.

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The OpenStack services market is a highly fragmented, niche market with the presence of a limited number of vendors. Providers in the market compete based on pricing, innovation, service, reputation, distribution, and promotion. As the market is still in its development stage, small vendors with innovative solutions have the chances of being acquired by large players in the market.

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