Market Size –
The open-source software market size has grown rapidly in recent years. It will grow from $35.90 billion in 2023 to $41.83 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to increased access to open-source platforms, increased emphasis on technology education, growth in government initiatives, rise in the cost pressures, increased demand for collaborative, and flexible software solutions.
The open-source software market size is expected to see rapid growth in the next few years. It will grow to $77.75 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to increasing numbers of organizations, rising availability of open APIs, rising use of open-source software by businesses, increasing shift towards cloud-based infrastructure, increasing awareness of security benefits. Major trends in the forecast period include technological advancements, ethical licensing models, cloud-based open-source software, quantum computing frameworks, low-code and no-code development.
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Scope Of Open Source Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Open Source Software Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the open-source software market are focused on developing edge-optimized operating systems, such as Red Hat Device Edge to support open-source communities. Red Hat Device Edge is an edge-optimized operating system that enables computing by providing the necessary infrastructure and capabilities to process data efficiently and effectively at the network’s edge. For instance, in October 2022, Red Hat Inc., a US-based provider of open-source software products, launched Red Hat Device Edge, an edge-optimized operating system. This product enables enterprises to deploy only the necessary software components, decreasing the attack surface and resource use. It streamlines the management of edge devices and associated workloads, allowing enterprises to deploy workloads on resource-constrained devices at the far edge. It also delivers security features like intelligent device upgrades, zero-touch provisioning, and speedy security fixes.
The open source software market covered in this report is segmented –
1) By Type: Shareware, Bundled Software, Berkeley Source Distribution (BSD)
2) By Application: Professional Services, Managed Services
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Banking Financial Services And Insurance (BFSI), Education, Manufacturing, Healthcare And Life Sciences, Retail And Distribution, Other End-Users
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Regional Insights –
North America was the largest region in the open source software market in 2023. The regions covered in the open source software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the open source software market are Intel Corporation, International Business Machines Corporation, Oracle Corporation, Transcend Information Inc., F5 Inc., Red Hat Inc., Mozilla Corporation, SUSE S.A., Progress Software Corporation, HashiCorp, Acquia Inc., Canonical Ltd., Aptean, Puppet Inc., TYPO3, MariaDB Corporation, The Linux Foundation, Redpill Linpro., ClearCenter, KDE, Eclipse Foundation AISBL, The Apache Software Foundation, Python Software Foundation, FossID, RethinkDB
Table of Contents
1. Executive Summary
2. Open Source Software Market Characteristics
3. Open Source Software Market Trends And Strategies
4. Open Source Software Market – Macro Economic Scenario
5. Global Open Source Software Market Size and Growth
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31. Open Source Software Market Other Major And Innovative Companies
32. Global Open Source Software Market Competitive Benchmarking
33. Global Open Source Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Open Source Software Market
35. Open Source Software Market Future Outlook and Potential Analysis
36.Appendix
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