The global open stack market size was valued at USD 3.8 billion in 2021 and is poised to grow at a CAGR of 26% during the forecast period 2022-2028.  Open stack controls large pools of compute, storage, and networking resources, all managed through APIs or a dashboard. Beyond standard infrastructure-as-a-service functionality, additional components provide orchestration, fault management and service management amongst other services to ensure high availability of user applications. OpenStack is broken up into services to allow you to plug and play components depending on your need which help in the growth of global market. Global open stack market is segmented on the basis of platform type, organization size, application and region.

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The global open stack market segmentation:

1) By Platform Type: Public Cloud, Private Cloud.

2) Organization size: Large Enterprises, Small & Medium Enterprises (SMEs).

3) By Application: Telecommunication, Banking, Financial services and Insurance (BFSI), Information Technology, Retail, Others.

Private Cloud Accounted for Higher Revenue Share in Global Open Stack Market

Based on platform type, global open stack market is segmented into Public Cloud, Private Cloud. Private Cloud is accounted for higher revenue. A private cloud is a single-tenant environment, meaning the organization using it (the tenant) does not share resources with other users. Those resources can be hosted and managed in a variety of ways. The private cloud might be based on resources and infrastructure already present in an organization's on-premises data center or on new, separate infrastructure, which is provided by a third-party organization. In some cases, the single-tenant environment is enabled solely using virtualization software. In any case, the private cloud and its resources are dedicated to a single user or tenant.

North America leads the Global Open Stack Market

Based on regional analysis, global open stack market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global open stack market contributed the largest share in 2021. OpenStack is a cloud operating system, providing access to various computing resources, such as compute, storage, and network, across a data center. It is used primarily as Infrastructure as a Service. Wide adoption of big data in various small scale industries help to dominate the global market.

Key player’s profiles in the global open stack market are: Bright Computing, Canonical Ltd., Cisco Systems, Inc., EasyStack Inc., Huawei Enterprise, IBM Corporation, Mirantis, Inc., Oracle Corporation,

Platform9 Systems, Inc., Rackspace, Red Hat, Inc., SUSE LINUX GmbH, VMware, Inc.

Precision Business Insights (PBI) in its report titled “Global Open Stack Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2021 and Forecast 2022-2028” assesses the market performance over six years forecast period over 2022-2028. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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Key players in the open stack market Bright Computing, Canonical Ltd., Cisco Systems, Inc., EasyStack Inc., Huawei Enterprise, IBM Corporation, Mirantis, Inc., Oracle Corporation, Platform9 Systems, Inc., Rackspace, Red Hat, Inc, SUSE LINUX GmbH, VMware, Inc.

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