Learn about the global open source services market through The Business Research Company, which provides information on open source services market size, open source services market drivers and restraints, open source services market players, the COVID-19 impact on the open source services market, and more.

The global open source services market size is expected to grow from $24.63 billion in 2021 to $30.57 billion in 2022 at a compound annual growth rate (CAGR) of 24.1%. The global open source services market size is expected to grow to $70.39 billion in 2026 at a CAGR of 23.2%.

Reduced cost of ownership and time to market has been contributing to the growth of the open-source services market.

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The open source services market consists of sales of open-source services by entities (organizations, sole traders, and partnerships) that refer to software for which the original source code is made freely available and may be redistributed and modified according to the requirement of the user. OSS typically includes a license that allows programmers to modify the software to best fit the needs and control how the software can be distributed. Open source code is shared publicly. Anyone can access the repository to use the code independently or contribute to the improvements of the design and functionality of the project.

Global Open Source Services Market Segments Include:

By Service Type: Consulting and Implementation Services, Support, Maintenance, and Management Services, Training Services

By End-User Industry: Banking, Financial Services, and Insurance, Telecom and IT, Manufacturing, Government, Healthcare, Retail, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the open source services market in 2021.

Partnerships between the companies to accelerate the technology evolution and reduce time to market are gaining trend in the open-source services market. The information technology players across the globe are entering into strategic partnerships or consortiums to develop innovative open-source platforms and services for various industries.

TBRC’s Open Source Services Market Report Covers:

Major Market Players: IBM, Wipro, Accenture, Evoke Technologies, Cisco Systems, Infosys, HPE, ATOS, Red Hat, HCL, Oracle, Databricks, SUSE, Percona, Mulesoft, ViSolve, Chetu, HashiCorp, C AHEAD, Happiest Minds, Swan Solutions & Services Pvt. Ltd, and FUJITSU.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Open Source Services Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides open source services market overviews, analyzes and forecasts market size, share, open source services market players, open source services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s open source services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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