Global Open Source Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Open Source Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Open source software is software that is distributed with source code, making it possible to use, modify, and distribute it with original rights. Source code is the part of software that most computer users never see; it is the code that computer programmers use to control the behavior of a program or application. Programmers with access to the source code can change the program by adding, changing, or fixing parts that don't work properly. OSS usually includes a license that allows programmers to modify the software to best suit their needs and to control how the software is distributed.

Market Overview:

The latest research study on the global Open Source Software market finds that the global Open Source Software market reached a value of USD 27728.89 million in 2022. It’s expected that the market will achieve USD 75209.66 million by 2028, exhibiting a CAGR of 18.09% during the forecast period.The pandemic, subsequent disruptions, and mass shifts to remote work meant digital transformation and virtual connections became paramount to businesses staying afloat. As such, open-source software played and continues to have an important role in how companies of all sizes conduct business today. The popularity of COVID-19 and the polarization of the remote work environment has created new and complex obstacles for businesses to overcome. Adopting new business strategies or implementing new technologies is a proven path to growth. More and more companies are choosing open source technologies because they see a competitive advantage and the latest innovations. The percentage of open source software is increasing every year. The recent recession has only accelerated a trend that predates the COVID-19 pandemic.

Open-Source Software Is Good for Business

The powerful functions and benefits of open source software drive consumption, which is beneficial to the development of the industry. The major factors driving the open source software market are accessibility to the source code to all the firms, and low cost than the proprietary solutions as well as simple interoperability. Globally, open source software help the firm to achieve IT strategic goals and help to improve the performance, productivity, and maximize the efficiency of the organization.

Open-Source Software Is Good for Business

Key factors that are expected to drive the growth of the market are lower software licensing costs and simpler management, a compelling need to adopt higher quality software offering more flexibility, agility, and reliability, and a rising trend of open standards that support community and collaborative development.

Vulnerability to malicious users restricts the adoption of open source software products

The fact that it is an open source product by itself is a threat. This means that it is open to others too. Security risks are a big issue as users with malicious intent can view the code and exploit the vulnerabilities. Many people have access to the source code of open source software, but not all of them have good intentions.

Region Overview:

In 2021, the share of the Open Source Software market in Europe stood at 26.63%.

Company Overview

IBM

International Business Machines Corporation (IBM) provides computer solutions. The company provides applications, technology consulting and support, process design and operations, cloud, digital workplace and network services, and business resilience, strategy and design solutions. IBM Serves Clients Worldwide

Sophos

Powered by threat intelligence, AI and machine learning from SophosLabs and SophosAI, Sophos offers a broad portfolio of advanced products and services to protect users, networks and endpoints from ransomware, malware, exploits, phishing and other miscellaneous attack. Sophos provides an integrated cloud-based management console, Sophos Central, at the heart of an adaptive cybersecurity ecosystem with a centralized data lake that leverages customers, partners, developers and other A rich set of open APIs available to cybersecurity vendors. Sophos sells its products and services through reseller partners and managed service providers (MSPs) worldwideIBM is one of the major players in the open source software market with a share of 19.66% in 2022.

Segmentation Overview:

Based on the functionality of the open source software, the market can be divided into Program Development, WEB Development, Mobile Phone/Mobile Development, Development Tools and Others. Among different product types, Program Development segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Open source software can be applied to SME and large enterprises in different industries. Large enterprises are those with more than 500 employees. Open source software is more commonly used in large enterprises.The market's largest segment by application is the segment Large Enterprise, with a market share of 65.59% in 2021.

Key Companies in the global Open Source Software market covered in Chapter 3:

FOSSIDCanonicalCompiereAcquiaOpenTextSophosContinuentOracleAutomatticIntelRedpill LinproAdobeSUSEAlfrescoIBM

In Chapter 4 and Chapter 14.2, on the basis of types, the Open Source Software market from 2018 to 2029 is primarily split into:

Program DevelopmentWEB DevelopmentMobile Phone/Mobile DevelopmentDevelopment ToolsOthers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Open Source Software market from 2018 to 2029 covers:

Large EnterpriseSME

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)