Market Trends of Open Source Service Industry
Emphasis on Reduced Cost of Ownership and Time to Market is Expected to Drive the Market Growth
There is a change in the world, as evidenced by the fact that Open Source has a sizable market share in the commercial sector. In addition, Open Source is setting the pace for emerging market trends like Big Data, Mobile applications, and Cloud. The size of OSS deals has quadrupled. Companies are adopting open source because it allows them to use any company's software and products and reduces the total cost of ownership (TCO).
- October 2022 - Cisco introduced FunctionClarity, a new open-source solution that aids in the security of serverless functions, significantly reducing the amount of code required to build and deploy cloud-native applications. The code can no longer be exposed at runtime using keyless or key pair methods. With the rapid expansion of serverless technologies such as AWS (Amazon Web Services) Lambda functions, the need for FunctionClarity-like platforms is growing. It is observed the demand for these solutions grew 3.5 times compared to what it was two years ago.
- February 2023 - Red Hat launched a cost-free subscription structure that grants partners access to Red Hat's open hybrid cloud portfolio. It can be used to create software programs and proofs-of-concept, evaluate product ideas, sharpen technical abilities, and more. Red Hat's available hybrid cloud portfolio will allow access to hundreds of self-support subscriptions, and partners will have the flexibility to customize product subscriptions.
Understand The Key Trends Shaping This Market
Download Sample
North America is Expected to Hold Major Share
- The availability of enormous amounts of data is causing a demand for more heterogeneous computing, which has sped up the development of cloud-native, artificial intelligence, and machine learning technologies. North America welcomes such advancements with open arms. Being the base of technology leaders such as IBM Corporation, Redhat, and Oracle Corporation, the adoption of Open Source Services is high in the region.
- GitHub describes Open Source Platform as a service that creates a culture of participation and collaboration where anyone can contribute to improving the world. Following this approach, GitHub announced crossing 100 million developers. Using tools like GitHub Sponsors, some projects can support themselves through donations. One of the projects, Caliber, was sponsored to work on open source full-time.
- Boston University sought a concise approach to teach students about important computing system concepts, for which they turned to Red Hat OpenShift Data Science. The tool gave the CS and ECE departments at Boston University a scalable setting for students, ensuring a customized Linux playground that only needs a web browser to get started, and offers a platform for hosting open-source textbooks and interactive lectures. By adopting this solution, Boston University scaled its user base to about 100 in less than a month. With peaks of more than 100 concurrent sessions, the environment currently has close to 300 active users.
- October 2022 - The Open Compute Project (OCP) launched its first OCP experience center in North America. The OCP Experience Center seeks to disseminate best practices for data center and server technology across industries by bringing the advantages of open source and open collaboration to hardware. The model advances the telecom sector and edge infrastructure, and OCP accelerates innovation around the data center's networking equipment, GPU servers, storage devices and appliances, and scalable rack designs.
Get Analysis on Important Geographic Markets
Download Sample
