Industry Overview of Cloud Management for the OpenStack Market
IMARC Group, a leading market research company, has recently releases report titled “Cloud Management for the OpenStack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cloud management for the openstack market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is an Cloud Management for the OpenStack?
Cloud management for OpenStack usually includes several infrastructural elements, such as subnets, networks, and routers. It generally manages distributed compute and storage resources, aggregate them into pools, and enables on-demand provisioning of virtual resources via a self-service portal. Cloud management for OpenStack assists in improving security, reducing costs, managing enormous clusters, etc. It uses pooled virtual resources to build and manage private and public cloud and boosts business availability, agility, and efficiency by providing a platform on demand. Cloud management for OpenStack is extensively utilized for computing and storage purposes across the globe.
How big is the Cloud Management for the OpenStack market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.9 Billion |
| Market Forecast in 2028 | US$ 10.3 Billion |
| Growth rate (2023 to 2028) | CAGR of 23.1% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What Are the Growth Prospects and Trends in The Cloud Management for the OpenStack Industry?
The inflating need for scalability, reducing infrastructural costs, and maintenance among the information technology (IT) industry is primarily driving the cloud management for the OpenStack market. Additionally, the widespread adoption of smartphones and the emerging trend of Bring Your Own Device (BYOD) into workplaces, on account of the sudden outbreak of the COVID-19 pandemic, are further bolstering the market growth. Besides this, the growing utilization of OpenStack by organizations for space optimization, computing, and storage is acting as another significant growth-inducing factor. Moreover, it helps users to effectively manage private and public cloud computing platforms, which is positively influencing the global market. Apart from this, the escalating demand for internet-enabled services among enterprises, continuous technological advancements by leading companies, and extensive investments in R&D activities are also stimulating the market growth. Furthermore, the rising popularity of Big Data analytics is projected to fuel the cloud management for the OpenStack market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Public Cloud
- Private Cloud
- Community Cloud
- Hybrid Cloud
End User Insights:
- IT
- Academic Research
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- BMC Software Inc.
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Micro Focus International plc
- Oracle Corporation
- Red Hat Inc. (International Business Machines Corporation)
- Splunk Inc.
- VMware Inc
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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