London, 13 July 2015 – Technavio has published a new report on the global OpenStack market, which is expected to grow at a CAGR of almost 32% from 2015-2019.
About the Report
According to the new Technavio report, OpenStack technology offers cost advantages and the flexibility to deploy virtual computing infrastructure as per requirement with easy horizontal scalability. This allows administrators to make changes to any hardware or software component in a system, which in turn makes innovation feasible.
“Implementing OpenStack cloud technology helps in preventing vendor lock-in, which is a key challenge for enterprises, as customers become dependent on vendors and incur high switching costs,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes growing organizational requirements, where organizations across the globe need rapid deployment of software and services. OpenStack technology is expected to be one of the most feasible solutions to meet this demand.
“OpenStack technology is categorized under infrastructure as a service, enabling users to instantly deploy the software that is developed on the platform,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global OpenStack market from 2015-2019. To calculate the market size, we consider revenue generated from OpenStack-based cloud solutions.
Key Information Covered in the Report:
Key Vendors:
- Cisco Systems Inc.
- Dell Inc.
- Hewlett-Packard Co. (HP)
- IBM Corp.
- Rackspace Inc.
- Red Hat Inc.
Market Growth Drivers:
- Improved Flexibility and Controllability to Facilitate Innovation
- For a full detailed list, view our report.
Market Challenges:
- Low Technology Maturity
- For a full detailed list, view our report.
Market Trends:
- Need for Faster Deployment of Software and Services
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
