OpenStack Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Openstack Cloud Market is Segmented by Deployment Model (On-Cloud, On-Premise), End-User Industry (Information Technology, Telecommunication, Banking, and Financial Services, Academic, Retail/E-Commerce), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

OpenStack Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

OpenStack Services Industry Overview

The OpenStack Services Market is semi-consolidated due to the presence of significant players such as Cisco Systems, Inc., Red Hat, Inc., Hewlett Packard Enterprise Development LP, Mirantis, Inc., etc. The players in the market are frequently launching innovative solutions, forming partnerships, and mergers to increase their market share and expand their geographical presence.

In June 203, Nokia and Red Hat, Inc., one of the leading global providers of open-source solutions, announced that they had agreed to tightly integrate Nokia’s core network applications with Red Hat Openstack Platform and Red Hat OpenShift. As part of the agreement, Nokia and Red Hat would jointly support and evolve existing Nokia Container Services (NCS) and Nokia CloudBand Infrastructure Software (CBIS) customers while developing a path to migrate to Red Hat’s platforms over time. Additionally, Nokia would leverage Red Hat’s infrastructure platforms to enable faster development and testing of Nokia’s extensive core network portfolio.

In October 2022, RedHat announced the launch of OpenStack Platform 17 at the MWC Las Vegas event, covering a wide range of improvements with a focus on open hybrid cloud architectures that are meant to aid service providers as they construct expansive next-generation networks.

In June 2022, Ericsson and Red Hat announced the partnership to deploy solutions, empowering service providers with an open platform that extended across a network for vEPC, 5G Core, IMS, OSS, and BSS. The team integrated Ericsson's network function solutions with Red Hat OpenShift and Red Hat OpenStack Platform.

OpenStack Services Market Leaders

  1. Cisco Systems, Inc.

  2. Red Hat, Inc.

  3. Hewlett Packard Enterprise Development LP

  4. VMware, Inc.

  5. Mirantis, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
OpenStack Services Market Concentration