ICT RESEARCH REPORTS Open-Stack-Services-Market | Page 2

Open source software doesn’t include additional charges and fees associated with proprietary
software, such as administration fees, multi-user fees, and software upgrade costs, which
reduces the business operating cost and budget. It also enables to allocate more money on
beneficial enterprise services associated with open source services such as user training,
support, and custom development.
Open source services (OSS) help the business in terms of financial saving, reducing operating
costs, and enables the business to allocate their finance on the secondary activities that includes
user training, support and custom development.
Demand for open source is increasing, as it is a proven essential tool for enterprise IT revolution,
operational effectiveness, and business value formation. This in turn, is increasing growth of the
open stack services market.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/open-stack-services-market-1337
Increasing adoption of open sources among IT enterprises to improve key business functions,
especially financial management and accounting is the major factor boosting growth of the
market. However, high initial cost of implementation and lack of skilled workforce are the major
restraining factor for growth of the global open stack service market.
Global Open Stack Services Market Outlook – North America held the largest share in
the global open stack services market in 2016.
North America region held a dominant industry position and is estimated to retain its dominance
over the forecast period, owing to increasing adoption of advanced technologies, such as cloud
computing, Big Data, Internet of Technology (IoT), and business intelligence tools by the
organizations, which in turn is reducing the business cost and increasing the productivity and
profitability. According to the Coherent Market Insights, the cloud application market in the U.S.
accounted for US$ 19.93 billion in 2017, which in turn expanded the U.S. economy by 2.3%,
which is higher than 1.5% in 2016.
Key Companies in Global Open Stack Services Market