The analysts forecast the global cloud management for OpenStack market to grow at a CAGR of 30.49% during the period 2016-2020.
Cloud brokerage services that provide management and maintenance services to enterprises will be a key trend for market growth. Cloud computing and cloud-based services are quickly gaining popularity among end-users. Greater flexibility of application and service customization is attracting more customers to adopt services on a larger scale. Cloud computing also allows easy scaling of applications and services as and when required based on changing business needs. Enterprises use open-source OpenStack technology to achieve better flexibility and control.
According to the report, one of the key drivers for market growth will be easy infrastructure management requirement. The ability of OpenStack to allow the addition of new components by end-user requirement addresses the growing demand among enterprises for storage, computing, and space optimization. As new components can be added quickly because of its open nature, other existing cloud components can also run on OpenStack, thereby enhancing interoperability and integration. In addition, OpenStack infrastructure is evolving to provide the necessary tools for developers. Therefore, owing to its ease of management, we expect more numbers of enterprises should adopt the technology.
Further, the report states that high cost and complexity of implementation will be a major challenge for the market.
- BMC Software
- Red Hat
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/38vxhg/global_cloud
Related Topics: Cloud Computing and Storage
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SOURCE Research and Markets