How big is the Open Source Service Market?

The Open Source Service Market size is expected to reach USD 34.99 billion in 2024 and grow at a CAGR of 16.80% to reach USD 76.07 billion by 2029. Read More

What is the current Open Source Service Market size?

In 2024, the Open Source Service Market size is expected to reach USD 34.99 billion. Read More

Who are the key players in Open Source Service Market?

Red Hat Inc., Oracle Corporation, Cisco Systems, Inc., Infosys Limited and Hewlett Packard Enterprise Company are the major companies operating in the Open Source Service Market. Read More

Which is the fastest growing region in Open Source Service Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Open Source Service Market?

In 2024, the North America accounts for the largest market share in Open Source Service Market. Read More

What years does this Open Source Service Market cover, and what was the market size in 2023?

In 2023, the Open Source Service Market size was estimated at USD 29.96 billion. The report covers the Open Source Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Open Source Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Open Source Service Market - Size, Share & Trends

Open Source Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Open Source Service Market is Segmented By Service Type (Consulting and Implementation Services, Support, Maintenance, and Management Services, Training Services), End-user Industry (Banking, Financial Services, and Insurance Telecom and IT, Manufacturing) and Geography. The market sizes and forecasts are provided in terms of value (USD million).

Open Source Service Industry Overview

The Open Source Service Market is highly competitive. However, the market is dominated by global players such as Accenture, Oracle, Cisco, and Infosys, to name a few. These businesses' primary growth tactics to survive the fierce competition include product releases, substantial investment in research and development, collaborations, and acquisitions.

February 2023 - Oracle and Red Hat signed a contract to integrate the Red Hat Enterprise Linux (RHEL) operating system into the Oracle Cloud Infrastructure (OCI). This new integration enables businesses to standardize their cloud operations. It offers them a complete platform from their databases to the Oracle cloud, allowing user choice and improving the experience for companies using RHEL and OCI for cloud migration and digital transformation.

January 2023 - Infosys joined Linux Foundation Networking (LFN) as a platinum member for open-source networking projects. The LFN already serves 18 other leading global organizations. Infosys will be able to expand the open ecosystem by introducing more cutting-edge innovations from the open-source community to the enterprise market.

October 2022 - GE digital and Infosys partnered to assist their users with solutions for grid-related goods and services. The solution is designed exclusively for the utility sector, assisting operators in realizing a more dependable, resilient, and sustainable grid. A software platform and a collection of intelligent applications that combine energy data, network modeling, and artificial intelligence will power the project.