Cloud management for OpenStack: Key market research findings
- The Americas to dominate the market geographically
- IT segment accounts for a majority of the market’s revenue
- Key vendors – BMC, HP, IBM, Red Hat, and VMware
Technavio’s market research analysts predict the global cloud management for the OpenStack market to surpass $1 billion in revenues by 2020. The market’s growth is augmented by the growing number of multi-cloud deployments across enterprises and service providers. Enterprises require cloud management platform solutions to manage their cloud deployment models. Moving operations to the cloud not only provides enterprises with an elastic, scalable, and easy access option but also lowers per person access costs significantly. During 2015, the global cloud management for the OpenStack market was dominated by the Americas with a market share of around 65%. Factors such as the presence of a large number of data center facilities and impressive growth rate for cloud computing services, especially hybrid cloud services, are expected to fuel growth in the cloud management for the OpenStack market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the cloud management for OpenStack segments based on the end-user.
“Cloud brokerage services are becoming increasingly popular in the market currently. Cloud service brokers act as intermediaries between cloud service providers and businesses that integrate their infrastructures with cloud-computing platforms. These brokers provide management and maintenance services to enterprises. They understand the enterprise requirements and provide them with a set of vendors that meet their current requirement and even future needs to an extent,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.
During 2015, the global market was dominated by the IT segment with a market share of almost 68%. The growth of the market can be accredited to the IT industry’s need for scalability, infrastructural cost reduction, and speed-to-market, and maintenance. OpenStack provides a complete IaaS solution for both private and public cloud solutions. Open-source solutions meet enterprise demands for cost-effective infrastructure to manage data analytics, transactions, and business application.
The key vendors in the global cloud management for the OpenStack market include BMC, HP, IBM, Red Hat, and VMware. Since this market is in its nascent stage, it is anticipated to grow at a rapid rate during the forecast period. Due to this market’s tremendous growth potential, many vendors from different backgrounds, such as hosting, server virtualization, and systems management, are foraying into the market space. The vendors that have the capability to provide differentiated solutions like SaaS-based cloud management software solutions and open-source cloud management platforms to end users will gain a competitive edge over their peers.
A more detailed analysis is available in the Technavio report, Global Cloud Management for the OpenStack Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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