Open-Source Services Market Share, Size, Trends, Industry Analysis Report, By Service Type (Support, Maintenance, and Management Services, Training Services, Consulting Services, Implementation); By End-Use Industry; By Region; Segment Forecast, 2023-2032

Open-Source Services Market Share, Size, Trends, Industry Analysis Report, By Service Type (Support, Maintenance, and Management Services, Training Services, Consulting Services, Implementation); By End-Use Industry; By Region; Segment Forecast, 2023-2032

The global open-source services market size is expected to reach USD 120.53 billion by 2032, according to a new study by Polaris market research. The report “Open-Source Services Market Share, Size, Trends, Industry Analysis Report, By Service Type (Support, Maintenance, and Management Services, Training Services, Consulting Services, Implementation); By End-Use Industry; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Global distribution of open-source services is increasing due to the increasing availability of open-source platforms, the capacity to modify the code, and the growing number of innovators. All over the board, open-source services strongly emphasize open-source technologies. Open-source software is creative and relies on peer review and community development to use, modify, and distribute source code among users. Open-source software maintains its good quality by allowing a coder from various backgrounds and with different perspectives to have regular updates & to improve the code’s value.

Developers communicate and share information, thoughts, and code to independently and together generate more creative software solutions. In order to boost accessibility and reusability, this scalable & flexible software ensures that anybody with access to the source code can modify, enhance, & distribute it. Such software is based on the key ideas of peer development and broad participation in order to offer more sustainable software for end users.

Furthermore, these open-source services provide enterprises with cost-effectiveness as well as better security and quality. The price of administration, multi-user fees, and upgrading was also lower with open-source software. For instance, in May 2022, the Linux Foundation & the Open-Source Software Security Foundation (OpenSSF) convened over 90 executives from the 37 corporations & government leaders from the NSC, ONCD, DOE, & OMB to establish an agreement on essential initiatives to strengthen the resilience & security of such software.

There has been an increase in demand for open-source service providers during the ongoing COVID-19 outbreak. In order to innovate and create fresh solutions to stop the spread of the virus by raising awareness, vendors in the industry are utilizing and growing open-source repositories that comprise datasets, models, visualizations, online and mobile applications, and more.

Open Source Services Market Report Highlights

In 2022, consulting services is expected to dominate the market. The key driver driving the market is the rising sophistication of organizations’ initiatives to raise developers’ awareness of Linux and other open-source software.

The manufacturing sector will dominate the market with a considerable revenue share in 2022. The manufacturing industry segment’s dominance can be attributed to the widespread use of production scheduling, inventory planning, and sales forecasting.

North America accounted for significant revenue in 2022. The key driver of the industry is the region’s rapid adoption of services as a result of technological improvements.

The global players include Accenture, Cisco System, SUSE, MuleSoft, Data bricks, ViSolve.Com, Hewlett Packard Enterprise, Infosys Limited, and Kubermatic.

Polaris Market Research has segmented the Open-Source Services Market report based on service type, vertical, and region:

Open Source Services, Service Type Outlook (Revenue – USD Billion, 2019 – 2032)

Support, Maintenance, and Management Services

Training Services

Consulting Services

Implementation

Open Source Services, End-Use Industry Outlook (Revenue – USD Billion, 2019 – 2032)

Banking, Financial Services, and Insurance (BFSI)

Healthcare and Life Sciences

Manufacturing

Retail and Distribution

Others

Open Source Services, Regional Outlook (Revenue – USD Billion, 2019 – 2032)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa