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Global Open Source Services Market to reach USD 59.3 billion by 2027.

Global Open Source Services Market Size study, 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), and Regional Forecasts 2021-2027

Product Code: ICTICTS-21436488
Publish Date: 5-10-2021
Page: 200

Global Open Source Services Market is valued approximately at USD 18.4 billion in 2020 and is anticipated to grow with a healthy growth rate of about 18.2% over the forecast period 2021-2027. Open source services offerings deals with open source technologies through the whole technology spectrum such as data integration software to servers and critical business solutions including customer relationship management and Big Data. Open source services are being majorly used for data integration, business process management, web content management, cloud management, and project management. The global open source services market is being driven by increasing trend of open standards that support collaborative development and community and increasing adoption of open source cloud technology. Furthermore, rising inclination to extend the technical support and maintenance will provide new opportunities for the global open source services industry. Market players across the globe are strengthening their presence in the market through different strategic initiatives. For instance, in 2021, Cisco Systems launched Cloud-Native SD-WAN (CN-WAN) open source project to demonstrate automated mapping of Kubernetes applications with result that applications perform better over the WAN. Also, in 2020, Accenture and Fujitsu collaborated to work on Hyperledger Cactus project by Hyperledger which is an open source collaborative effort developed to advance cross – industry blockchain technologies, and hosted by the Linux Foundation. Such strategic initiatives taken by the market players are expected to proliferate the adoption of open source services among the end user industries which is expected to boost the market growth. However, vulnerability to malicious users may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global open source services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global Open Source Services market over the forecast period 2021-2027. Factors such as need to incorporate higher quality software with simpler management and lower licensing cost offering more agility, flexibility, reliability and freedom from vendor lock-ins, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
Accenture PLC
Oracle Corporation
Cisco Systems, Inc.
Open Source Services
HCL Technologies
Hewlett Packard Enterprise Company
IBM Corporation
Infosys Limited
Wipro Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Open Source Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Open Source Services Market, by Region, 2019-2027 (USD Billion)
1.2.2. Open Source Services Market, by Service Type, 2019-2027 (USD Billion)
1.2.3. Open Source Services Market, by End-user Industry, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Open Source Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Open Source Services Market Dynamics
3.1. Open Source Services Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing trend of open standards that support collaborative development and community Increasing adoption of open source cloud technology
3.1.2. Market Restraint Vulnerability to malicious users
3.1.3. Market Opportunities Rising inclination to extend the technical support and maintenance
Chapter 4. Global Open Source Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Open Source Services Market, by Service Type
a. Market Snapshot
5.1. Global Open Source Services Market by Service Type, Performance – Potential Analysis
5.2. Global Open Source Services Market Estimates & Forecasts by Service Type 2018-2027 (USD Billion)
5.3. Open Source Services Market, Sub Segment Analysis
5.3.1. Consulting and Implementation Services
5.3.2. Support, Maintenance, and Management Services
5.3.3. Training Services
Chapter 6. Global Open Source Services Market, by End-user Industry
b. Market Snapshot
6.1. Global Open Source Services Market by End-user Industry, Performance – Potential Analysis
6.2. Global Open Source Services Market Estimates & Forecasts by End-user Industry 2018-2027 (USD Billion)
6.3. Open Source Services Market, Sub Segment Analysis
6.3.1. Banking, Financial Services, and Insurance
6.3.2. Telecom and IT
6.3.3. Manufacturing
6.3.4. Government
6.3.5. Healthcare
6.3.6. Retail
6.3.7. Others
Chapter 7. Global Open Source Services Market, Regional Analysis
7.1. Open Source Services Market, Regional Market Snapshot
7.2. North America Open Source Services Market
7.2.1. U.S. Open Source Services Market Service Type breakdown estimates & forecasts, 2018-2027 End-user Industry breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Open Source Services Market
7.3. Europe Open Source Services Market Snapshot
7.3.1. U.K. Open Source Services Market
7.3.2. Germany Open Source Services Market
7.3.3. France Open Source Services Market
7.3.4. Spain Open Source Services Market
7.3.5. Italy Open Source Services Market
7.3.6. Rest of Europe Open Source Services Market
7.4. Asia-Pacific Open Source Services Market Snapshot
7.4.1. China Open Source Services Market
7.4.2. India Open Source Services Market
7.4.3. Japan Open Source Services Market
7.4.4. Australia Open Source Services Market
7.4.5. South Korea Open Source Services Market
7.4.6. Rest of Asia Pacific Open Source Services Market
7.5. Latin America Open Source Services Market Snapshot
7.5.1. Brazil Open Source Services Market
7.5.2. Mexico Open Source Services Market
7.6. Rest of The World Open Source Services Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Accenture PLC Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Oracle Corporation
8.2.3. Cisco Systems, Inc.
8.2.4. Open Source Services
8.2.5. HCL Technologies
8.2.6. Hewlett Packard Enterprise Company
8.2.7. IBM Corporation
8.2.8. Infosys Limited
8.2.9. Wipro Limited
8.2.10. ATOS SE
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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