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Open Source Services Market with COVID-19 Impact, by Service Type (Professional Services and Managed Services), Vertical (Manufacturing, BFSI, Telecommunications, Healthcare and Life Sciences, IT & ITeS ), and Region - Global Forecast to 2026

  • ID: 5448412
  • Report
  • September 2021
  • Region: Global
  • 133 Pages
  • Markets and Markets
The Global Open Source Services Market Size is Expected to Grow at a Compound Annual Growth Rate (CAGR) of 18.2% During the Forecast Period

FEATURED COMPANIES

  • Accenture
  • Cisco Systems
  • Evoke Technologies
  • HPE
  • Infosys
  • Percona

The analyst estimates the global open source services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period, to reach USD 50.0 billion by 2026 from USD 21.7 billion in 2021. Key factors that are expected to drive the growth of the market are lower software licensing cost and simpler management, compelling need to adopt higher quality software offering more flexibility, agility, and reliability, and rising trend of open standards that support community and collaborative development. These factors are driving the demand for open source services market.


The COVID-19 Impact on the global open source services market

The pandemic has had a positive impact on the open source services market. The COVID-19 pandemic and the proliferation of remote work environments have created new complex barriers for businesses to overcome. Adopting new business strategies or implementing new technology is a proven route to growth. Increasingly, it’s open source technology that is being chosen as organizations seek a competitive edge and the latest innovations. The percentage of open source software continues to rise with each passing year. The latest economic downturn is only accelerating a trend that was occurring long before the COVID-19 pandemic arrived.

The managed services segment is expected to grow at a higher CAGR during the forecast period

Based on services, the open source services market is segmented into two categories: professional and managed. The managed services segment for open source services is expected to grow at a higher CAGR as managed services provide all the required skillsets to maintain and upgrade solutions, which are of utmost importance in open source environments. Pre- and post-deployment questions and the needs of clients are taken care of through the managed services unit.

Healthcare and Life Sciences industry vertical to hold the highest market share in 2021

Healthcare and life sciences is one of the fastest-growing verticals with respect to the adoption of open source technologies and services due to advance clinical decision support (CDS). Using open source to advance CDS makes sense for a number of reasons. By its very nature, an open-source solution is easier to modify. Because the source code is accessible, clinicians and informaticists working together can design a CDS system that integrates organically with an organization’s clinical workflow. Modifications are more difficult with proprietary systems, since the source code is not accessible, and the organization must hire the vendor to execute changes. In addition to the flexibility of open-source solutions, open source has the advantage of benefitting from the input of many contributing physicians and organizations, as opposed to being developed by a single vendor team.

APAC to grow at the highest CAGR during the forecast period 

Asia Pacific has witnessed the advanced and dynamic adoption of new technologies and is projected to record the highest CAGR during the forecast period. In addition, the IT spending across organizations in the region is gradually increasing, which is projected to lead to a surge in the adoption of open source software solutions and services. China, Japan, and India are the leading countries in terms of the adoption of open source software solutions and services in the region. While the expenditure on technology solutions in APAC has increased, a setback is witnessed due to the recent COVID-19 pandemic. The COVID-19 pandemic makes it more urgent for business leaders across APAC to increase their rate of cloud adoption and digital transformation. Also, the current pandemic has forced the government and public sector across APAC to shift toward digital innovation and meet regulatory compliance standards, which is driving huge market opportunities for open source services vendors.

  • By Company: Tier 1-20%, Tier 2-25%, and Tier 3-55%
  • By Designation: C-Level Executives-40%, Director Level-33%, and Others-27%
  • By Region: North America-32%, Europe-38%, APAC-18%, and RoW-12%

The open source services market comprises major providers, such as IBM (US), SUSE (Germany), Percona (US), MuleSoft (US), Wipro (India), Accenture (Ireland), Evoke Technologies (US), Cisco Systems (US), Infosys (India), HPE (US), ViSolve (US), Chetu (US), HashiCorp (US), and Databricks (US). The study includes an in-depth competitive analysis of key players in the open source services market with their company profiles, recent developments, COVID-19 developments, and key market strategies. 

Research Coverage

The report segments the global open source services market by services into two categories: professional and managed. By vertical, the open source services market has been classified into IT and ITeS, transportation and logistics, telecommunications, banking, financial services and insurance (BFSI), manufacturing, healthcare and life sciences, consumer goods and retail, and others (government, media and entertainment, and education). By region, the market has been segmented into North America, Europe, APAC, MEA, and Latin America.

Key benefits of the report

The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall open source services market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, opportunities, and COVID-19 impact.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accenture
  • Cisco Systems
  • Evoke Technologies
  • HPE
  • Infosys
  • Percona
1 Introduction
1.1 Introduction to COVID-19
1.2 COVID-19 Health Assessment
Figure 1 COVID-19: Global Propagation
Figure 2 COVID-19 Propagation: Select Countries
1.3 COVID-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts for Select G20 Countries in 2020
1.3.1 COVID-19 Economic Impact - Scenario Assessment
Figure 4 Criteria Impacting Global Economy
Figure 5 Scenarios in Terms of Recovery of Global Economy
1.4 Objectives of the Study
1.5 Market Definition
1.5.1 Inclusions and Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered for the Study
1.7 Currency Considered
Table 1 USD Exchange Rate, 2018-2020
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 6 Open Source Services Market: Research Design
2.1.1 Secondary Data
2.2 Market Breakup and Data Triangulation
Figure 7 Data Triangulation
2.3 Market Size Estimation
Figure 8 Market: Top-Down and Bottom-Up Approaches
2.3.1 Top-Down Approach
Figure 9 Market Size Estimation Methodology - Approach 1 (Top-Down): Revenue of Vendors Offering Open Source Services Solutions and Services (1/2)
Figure 10 Market Size Estimation Methodology - Approach 1 (Top-Down): Revenue of Vendors Offering the Open Source Services System Solutions and Services (2/2)
Figure 11 Market Size Estimation Methodology - (Supply Side): CAGR Projections from the Supply Side
2.3.2 Bottom-Up Approach
Figure 12 Market Size Estimation Methodology - Approach 2, Bottom-Up (Supply Side): Collective Revenue from All Solutions/Services of the Open Source Services Market
2.4 Market Revenue Estimation
Figure 13 Illustration of the Company's Open Source Services Revenue Estimation
2.5 Market Forecast
Table 2 Factor Analysis
2.6 Growth Forecast Assumptions
3 Executive Summary
Figure 14 Open Source Services Market: Global Snapshot
Figure 15 Top-Growing Segments in the Market
Figure 16 Implementation and Integration Segment to Hold the Largest Market Size During Forecast Period
Figure 17 Top Verticals in the Market
Figure 18 Market: Regional Snapshot
4 Premium Insights
4.1 Attractive Growth Opportunities in the Open Source Services Market
Figure 19 Focus on Improving Customer Experience and Simplifying Information Technology Operations Workflow to Drive the Adoption of Open Source Services
4.2 Market, by Vertical, 2021 Vs. 2026
Figure 20 IT and ITES Vertical to the Largest Market Share During the Forecast Period
4.3 Market: Regional Scenario, 2021-2026
Figure 21 Asia-Pacific to Emerge as the Best Market for Investments in Next Five Years
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 22 Drivers, Restraints, Opportunities, and Challenges: Open Source Services Market
5.2.1 Drivers
5.2.1.1 Lower Software Licensing Cost and Simpler Management
5.2.1.2 Compelling Need to Adopt Higher Quality Software Offering More Flexibility, Agility, and Reliability
Figure 23 Major Benefits Driving the Adoption of Open Source Software
5.2.1.3 Rising Trend of Open Standards That Support Community and Collaborative Development
5.2.1.4 Simple Bug Removal and Tracking and Freedom from Vendor Lock-Ins
5.2.1.5 Abundant Support from the Community and Open Source Service Vendors
5.2.2 Restraints
5.2.2.1 Vulnerability to Malicious Users Restricting the Adoption of Open Source Software Products
5.2.2.2 Free Upfront Open Source Products May Later Call for Licensed Software, Thereby Adding to Hidden Costs
5.2.3 Opportunities
5.2.3.1 Boosting Innovation and Cultivating Better Learning
5.2.3.2 Growing Inclination to Extend the Technical Support and Maintenance from Open Source Service Vendors
5.2.3.3 Rising Adoption of Open Source Cloud Technology
Figure 24 Specific Results from the Survey That Shows How Developers Feel About Open Source Skills
5.2.4 Challenges
5.2.4.1 Open Source Software Products are Sometimes Not as User-Friendly as Commercial Versions
5.2.4.2 Compatibility Issues with Current Applications
5.3 COVID-19-Driven Market Dynamics
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.4 Ecosystem
Figure 25 Open Source Services Market: Ecosystem
5.5 Technology Landscape
Figure 26 Open Source Adoption: Technology
6 Open Source Services Market, by Service
6.1 Introduction
6.1.1 Services: Market Drivers
6.1.2 Services: COVID-19 Impact
Figure 27 Managed Services Segment to Grow at a Higher CAGR During the Forecast Period
Table 3 Market Size, by Service, 2019-2026 (USD Million)
6.2 Professional Services
Figure 28 Implementation and Integration Segment to Grow at the Highest CAGR During the Forecast Period
Table 4 Market Size, by Professional Service, 2019-2026 (USD Million)
Table 5 Professional Services: Open Source Services Market Size, by Region, 2019-2026 (USD Million)
6.2.1 Training and Consulting
Table 6 Training and Consulting: Market Size, by Region, 2019-2026 (USD Million)
6.2.2 Support and Maintenance
Table 7 Support and Maintenance: Market Size, by Region, 2019-2026 (USD Million)
6.2.3 Implementation and Integration
Table 8 Implementation and Integration: Market Size, by Region, 2019-2026 (USD Million)
6.3 Managed Services
Table 9 Managed Services: Market Size, by Region, 2019-2026 (USD Million)
7 Open Source Services Market, by Vertical
7.1 Introduction
7.1.1 Verticals: Market Drivers
7.1.2 Verticals: COVID-19 Impact
Figure 29 Healthcare and Life Sciences Vertical to Grow at the Highest CAGR During the Forecast Period
Table 10 Market Size, by Vertical, 2019-2026 (USD Million)
7.2 It and Ites
Table 11 It and Ites: Market Size, by Region, 2019-2026 (USD Million)
7.3 Transportation and Logistics
Table 12 Transportation and Logistics: Market Size, by Region, 2019-2026 (USD Million)
7.4 Telecommunications
Table 13 Telecommunications: Open Source Services Market Size, by Region, 2019-2026 (USD Million)
7.5 Banking, Financial Services and Insurance
Table 14 Banking, Financial Services and Insurance: Market Size, by Region, 2019-2026 (USD Million)
7.6 Manufacturing
Table 15 Manufacturing: Market Size, by Region, 2019-2026 (USD Million)
7.7 Healthcare and Life Sciences
Table 16 Healthcare and Life Sciences: Market Size, by Region, 2019-2026 (USD Million)
7.8 Consumer Goods and Retail
Table 17 Consumer Goods and Retail: Market Size, by Region, 2019-2026 (USD Million)
7.9 Other Verticals
8 Open Source Services Market, by Region
8.1 Introduction
Figure 30 Asia-Pacific to Grow at the Highest CAGR During the Forecast Period
Table 18 Market Size, by Region, 2019-2026 (USD Million)
8.2 North America
8.2.1 North America: Market Drivers
8.2.2 North America: COVID-19 Impact
8.2.3 North America: Regulatory Landscape
Figure 31 North America: Market Snapshot
Table 19 North America: Market Size, by Service, 2019-2026 (USD Million)
Table 20 North America: Market Size, by Professional Service, 2019-2026 (USD Million)
Table 21 North America: Market Size, by Vertical, 2019-2026 (USD Million)
8.3 Europe
8.3.1 Europe: Open Source Services Market Drivers
8.3.2 Europe: COVID-19 Impact
8.3.3 Europe: Regulatory Landscape
Table 22 Europe: Market Size, by Services, 2019-2026 (USD Million)
Table 23 Europe: Market Size, by Professional Services, 2019-2026 (USD Million)
Table 24 Europe: Market Size, by Vertical, 2019-2026 (USD Million)
8.4 Asia-Pacific
8.4.1 Asia-Pacific: Market Drivers
8.4.2 Asia-Pacific: COVID-19 Impact
8.4.3 Asia-Pacific: Regulatory Landscape
Figure 32 Asia-Pacific: Market Snapshot
Table 25 Asia-Pacific: Open Source Services Market Size, by Services, 2019-2026 (USD Million)
Table 26 Asia-Pacific: Market Size, by Professional Services, 2019-2026 (USD Million)
Table 27 Asia-Pacific: Market Size, by Vertical, 2019-2026 (USD Million)
8.5 Middle East and Africa
8.5.1 Middle East and Africa: Market Drivers
8.5.2 Middle East and Africa: COVID-19 Impact
8.5.3 Middle East and Africa: Regulatory Landscape
Table 28 Middle East and Africa: Market Size, by Service, 2019-2026 (USD Million)
Table 29 Middle East and Africa: Market Size, by Professional Service, 2019-2026 (USD Million)
Table 30 Middle East and Africa: Market Size, by Vertical, 2019-2026 (USD Million)
8.6 Latin America
8.6.1 Latin America: Open Source Services Market Drivers
8.6.2 Latin America: COVID-19 Impact
8.6.3 Latin America: Regulatory Landscape
Table 31 Latin America: Market Size, by Service, 2019-2026 (USD Million)
Table 32 Latin America: Market Size, by Professional Service, 2019-2026 (USD Million)
Table 33 Latin America: Market Size, by Vertical, 2019-2026 (USD Million)
9 Competitive Landscape
9.1 Introduction
9.2 Market Share of Top Vendors
Table 34 Open Source Services: Degree of Competition
Figure 33 Market Share Analysis of Companies in the Open Source Services Market
9.3 Key Player Strategies/Right to Win
9.3.1 Overview of Strategies Adopted by Key Open Source Services Vendors
9.4 Historical Revenue Analysis of Top Vendors
Figure 34 Historical Five-Year Revenue Analysis of Leading Players in the Open Source Services Market, 2016-2020
9.5 Competitive Scenario
Table 35 Open Source Services: New Launches, August 2020 - May 2021
Table 36 Open Source Services: Deals, August 2019- July 2021
10 Company Profiles
10.1 Major Players
(Business Overview, Services, Key Insights, Recent Developments, Analyst's View)*
10.1.1 IBM
Table 37 Ibm: Business Overview
Figure 35 Ibm: Company Snapshot
Table 38 Ibm: Service Offerings
Table 39 Ibm: Open Source Services Market: New Launches
Table 40 Ibm: Market: Deals
10.1.2 Suse
Table 41 Suse: Business Overview
Figure 36 Suse: Company Snapshot
Table 42 Suse: Service Offerings
Table 43 Suse: Market: New Launches
Table 44 Suse: Open Source Services Market: Deals
10.1.3 Percona
Table 45 Percona: Business Overview
Table 46 Percona: Service Offerings
Table 47 Percona: Market: New Launches
Table 48 Percona: Market: Deals
10.1.4 Mulesoft
Table 49 Mulesoft: Business Overview
Table 50 Mulesoft: Service Offerings
Table 51 Mulesoft: Market: New Launches
Table 52 Mulesoft: Open Source Services Market: Deals
10.1.5 Wipro
Table 53 Wipro: Business Overview
Figure 37 Wipro: Company Snapshot
Table 54 Wipro: Service Offerings
Table 55 Wipro: Market: New Launches
Table 56 Wipro: Market: Deals
10.1.6 Accenture
Table 57 Accenture: Business Overview
Figure 38 Accenture: Company Snapshot
Table 58 Accenture: Service Offerings
Table 59 Accenture: Open Source Services Market: Deals
10.1.7 Evoke Technologies
Table 60 Evoke Technologies: Business Overview
Table 61 Evoke Technologies: Service Offerings
Table 62 Evoke Technologies: Market: Deals
10.1.8 Cisco Systems
Table 63 Cisco Systems: Business Overview
Figure 39 Cisco Systems: Company Snapshot
Table 64 Cisco Systems: Service Offerings
Table 65 Cisco Systems: Market: New Launches
Table 66 Cisco Systems: Open Source Services Market: Deals
10.1.9 Infosys
Table 67 Infosys: Business Overview
Figure 40 Infosys: Company Snapshot
Table 68 Infosys: Service Offerings
Table 69 Infosys: Market: New Launches
Table 70 Infosys: Market: Deals
10.1.10 Hpe
Table 71 Hpe: Business Overview
Figure 41 Hpe: Company Snapshot
Table 72 Hpe: Service Offerings
Table 73 Hpe: Market: New Launches
Table 74 Hpe: Open Source Services Market: Deals
*Details on Business Overview, Services, Key Insights, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
10.2 Other Vendors
10.2.1 Visolve
10.2.2 Chetu
10.2.3 Hashicorp
10.2.4 Databricks
11 Appendix
Note: Product cover images may vary from those shown
  • Accenture
  • Chetu
  • Cisco Systems
  • Databricks
  • Evoke Technologies
  • Hashicorp
  • HPE
  • IBM
  • Infosys
  • Mulesoft
  • Percona
  • Suse
  • Visolve
  • Wipro
Note: Product cover images may vary from those shown

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