The market for OpenStack-related cloud solutions will quadruple in size between the end of this year and 2018, according to a new market forecast from 451 Research. The OpenStack technology market will grow from $883 million in revenue in 2014 to $3.3 billion in 2018, as companies increasingly adopt the open-source platform for developing and deploying cloud hosting services.
The market for OpenStack-based cloud solutions is still in its nascent stage. The growth figure represents a compound annual growth rate (CAGR) of 40% for the six years ending in 2018.
This forecast is based on 451 Research’s new OpenStack Market Monitor & Forecast service, which presents data generated via a bottom-up analysis of more than 60 vendors that support OpenStack or base their products or services on the OpenStack framework.
OpenStack solutions
451 Research’s market forecast service focuses on the key public and private vendors that directly provide OpenStack offerings – including products, services and turnkey offerings around OpenStack deployment and management; various distributions of OpenStack; training and other OpenStack-related services; DevOps tools; and PaaS on OpenStack. The market-sizing analysis excludes hardware-centric revenue, as well as revenue from indirect third-party vendors, such as those in storage or software-defined networking.
While current OpenStack revenue overwhelmingly comes from the 30 vendors in the service-provider space, 451 Research analysts expect an uptick in revenue from all segments, especially from the companies in the OpenStack products, distributions and management space, which are primarily targeting enterprises.
451 Research
The “451 Research Market Monitor & Forecast” product family offers market size, share and forecast data for more than a dozen key segments of the emerging technology landscape, including such sectors as cloud computing, cloud-enabling technology, enterprise mobility and mobile telecom.
451 Research is an information technology research and advisory company headquartered in New York. More than 100 analysts and consultants deliver management insight via syndicated research, advisory services, and live events to over 1,000 client organizations in North America, Europe and around the world.
