What is Open Source Software Market?
Open-source software refers to publicly released software and usually allows anyone to use, modify, or distribute it without restriction. Some of the most commonly cited benefits of using open-source software in businesses have to do with the ease with which these packages can be developed, as well as the enhanced cybersecurity they can provide. While the use of open-source software offerings will increase significantly in the coming years, many open source developers still see the lack of training opportunities as a major challenge in their work. Some of the biggest proponents of open source software are traditional technology and software companies like Google and Adobe, both of whom have contributed to a number of open-source projects over the years. Smaller organizations such as MongoDB Inc. and the Apache Software Foundation contribute more directly to the development of popular software tools, databases, and open source licenses such as Elasticsearch and MongoDB. Open-source software (OSS) is any type of program or application that developers can review, copy, modify, and redistribute. This type of software is also known as free open-source software (FOSS). To be considered open source, the program's source code, the underlying code that makes up the design, functionality, and defining attributes of an application must be publicly available. Total global open source software market revenue in 2019 was over USD 17 billion. It is expected to grow by USD 30 billion by 2022, tripling its size in just five years.
Highlights from Open Source Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | OpenText (Canada), ClearCenter (United States), GitHub (Microsoft) (United States), Epson (Japan), IBM (United States), SUSE (Germany), Intel (United States), Aptean (United States), Acquia (United States), Adobe (United States), Red Hat Software (United States), Transcend Information, Inc. (Taiwan), FOSSID (Sweden), Alfresco (United States), Oracle (United States), Canonical (United Kingdom) and Automattic (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Open Source Software market throughout the forecasted period.
OpenText (Canada), ClearCenter (United States), GitHub (Microsoft) (United States), Epson (Japan), IBM (United States), SUSE (Germany), Intel (United States), Aptean (United States), Acquia (United States), Adobe (United States), Red Hat Software (United States), Transcend Information, Inc. (Taiwan), FOSSID (Sweden), Alfresco (United States), Oracle (United States), Canonical (United Kingdom) and Automattic (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Continuent (United States), Redpill Linpro (Sweden) and RethinkDB (United States). Open Source Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | BMForum, phpBB and PHPWind |
Type | Shareware, Bundled Software, BSD(Berkeley Source Distribution) and Other |
Organization Size | SMEs,Large Enterprises |
Industry Vertical | BFSI,Manufacturing,Healthcare and Life Sciences,Retail and Distribution,Others |
Features | Security,Affordability,Transparency,Perpetuity,Interoperability,Flexibility,Localization |
On the basis of geography, the market of Open Source Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Open Source Services and The Increase in the Number of Users Changing the Code and Improve Its Functionality and Flexibility
Market Growth Drivers:
Increasing Owing To Its Growing Availability of Open Source Platforms, Increasing Tech-Savvy Population and Flexibility to Modify the Code
Challenges:
Lack of Awareness about Specific Open Source Software among Various Small Enterprises
Restraints:
Issues Related To the Architectural and Operation Complexities
Opportunities:
The Rising IT Spending and Increasing Digitalization and The Governments across the Globe Are Encouraging the Adoption of Open Source Software for the Public Sectors
Key Target Audience
Providers of Open Source Software, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others