Open Source Services Market worth $66.84 billion by 2026

BANGALORE, India, July 31, 2020 /PRNewswire/ -- Open-source service is a type of software where source code is released by the copyright holders for users to utilize, study, and can modify it. It is a service that focuses on providing open source technology all over the world. The driving factors in the open-source services market include the government encouragement in adopting the open-source services in the public sectors to render an open platform for vendors and users. However, certain tools used in these services are not trustworthy, which makes the code weak and difficult to detect; this is the major challenge in the market growth. 

 In addition, many of the firms are acquiring open-source services to achieve competitive advantage and development in a short period and to ensure successful strategy implementation. Rapidly accumulating data all over the world and increasing awareness of social networking provides the opportunity for market growth.

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The Open Source Services Market research report titled "Open Source Services Market by Service Type, by Industry, and Region (North America, Europe, APAC and RoW) - Forecast to 2026" provides a detailed analysis of the growth in the market.

The report includes the key players in the Open Source Services Market - Red Hat, Accenture, Wipro, IBM, and Infosys. This offers a comprehensive report based on analysis of the market competitors, key challenges facing the market, and rising opportunities.

Globally, North America is dominating the open source services market growth compared to all over the other regions due to the rapidly increasing due to the high investments in the IT solutions and cloud-based solutions for the high performance of the enterprise. The Asia Pacific is also expected to have a large share in the market growth due to the increase in the digitalization in this region.

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The report consists of 80+ Tables and 50+ charts depicting the in-depth market study and the impact analysis of COVID-19 by vendor name. Overall report scope can be summarized as:

The Industry verticles covered in the study are:

• Banking, Financial Services, and Insurance
• Manufacturing
• Healthcare and Life Sciences
• Retail and Distribution
• Others
• Service categories covered under the study are:
• Consulting Services
• Implementation
• Support, Maintenance, and Management Services
• Training Services
• Geographic segments of the study are:
• North America
• Europe
• Asia Pacific
• Rest of the World
• Competitive landscape covering key players in the market

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