Global Open Source Services Market (2018-2022) to Grow at a CAGR of 23.65% to Reach $32.95 Billion by 2022

DUBLIN, Feb. 20, 2018 /PRNewswire/ --

The "Open Source Services Market by Service Type (Support, Maintenance and Management, Implementation, Consulting), Industry (Manufacturing, Healthcare and Life Sciences, Retail and Distribution), and Region - Global Forecast to 2022" report has been added to's offering.

The global open source services market size is expected to grow from USD 11.40 billion in 2017 to USD 32.95 billion by 2022, at a CAGR of 23.65% during the forecast period.

The reduction in the total cost of ownership and the increased return on investments are expected to be the major factors driving the growth of the open source services market. On the other hand, low security of open source software and high cost of integrating services are major restraints for the open source services market growth.

North America is estimated to contribute highest market share in 2017, and is projected to lead the open source services market during the forecast period. The reason for the increasing growth is the initial adoption of developing technologies and the high investments in cloud-based solutions.

The Europe, Middle East, and Africa (EMEA) region is also expected to witness considerable adoption of open source technologies. The enterprises in this region are expected to be one of the major driving forces in terms of developing open source services. Germany, Spain, and Italy are expected to be significant users of open source services, while Greece and the UK are anticipated to witness a low degree of adoption, when compared with other European countries.

The manufacturing industry vertical is expected to lead in terms of open source services adoption, owing to production planning, inventory planning, and demand forecasting. The BFSI industry vertical is expected to eventually adopt open source services in investment and banking sector to reduce the IT investments.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

5 Global Open Source Services Market Opportunity

6 Competitive Landscape

7 Company Profiles

    --  Accenture
    --  ATOS
    --  Cisco Systems
    --  HCL
    --  HPE
    --  IBM
    --  Infosys
    --  Oracle
    --  Red Hat
    --  Wipro

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SOURCE Research and Markets