Published Date: 18-Nov-2021
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According to a new report Global Open Source Services Market, published by KBV research, The Global Open Source Services Market size is expected to reach $60 billion by 2027, rising at a market growth of 17% CAGR during the forecast period.
The Training & Consulting market dominated the Global Open Source Services Market by Professional Services Type 2020, and would continue to be a dominant market till 2027. The Integration & Implementation market is expected to witness a CAGR of 16.9% during (2021 - 2027). Additionally, The Support & Maintenance market is expected to witness highest CAGR of 16.9% during (2021 - 2027).
The healthcare & life sciences industry is estimated to display the highest growth rate over the forecast period. It is because the healthcare & life sciences sector is among the fastest-growing industrial verticals in terms of adopting open source technologies & services owing to improved clinical decision support (CDS).
North America is projected to garner the largest market share over the forecast period. Factors like the increasing requirement to adopt better quality software with reduced licensing cost and simplified management providing more agility, flexibility, and reliability, and independence from vendor lock-ins are also estimated to fuel the growth of the regional open source services market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Suse SA, Percona, Salesforce.com (Mulesoft), Wipro Ltd., Accenture plc, Evoke Technologies, Cisco Systems, Inc., Infosys Limited, and Hewlett Packard Enterprise.
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