The global open source software market is projected a healthy growth from 2018 to 2025 (forecast period), according to a report on Radiant Insights, Inc. Open source software (OSS) codes are distributed freely for modification on the Internet. Factors like the use of OSS to spur traction of potential products and as a viable substitute for proprietary software can drive market growth over the forecast period.
Open-source solutions for big data and networking are expected to augment market size in the forthcoming years. In addition, OSS developing companies are exempt from disclosing financial statements and number of users, boosting innovation and development. Instances include RedHat, MySQL, and Hadoop. Linux, being an open-source software, powers operating systems of smartphones, cloud servers, and supercomputers. It can drive market growth owing to its user-friendly interface and availability of source code in distribution bundles. Emergence of disruptive technologies such as deep learning, artificial intelligence (AI), and machine learning is anticipated to further boost market. Major companies are expected to adopt open-source versions of these technologies to gain an advantage.
Full Research Report On Global Open Source Software Market Analysis available at: https://www.radiantinsights.com/research/global-open-source-software-market-size-status-and-forecast-2025
Fund raising has seen a rise in recent years with open source software companies conducting equity rounds with the help of venture capital firms. This trend has seen an uptick with startups being funded by corporate behemoths to boost innovation in software products. Demand for open-source specialists and increased downloads of OSS are projected to influence the market in the forthcoming years. However, licensing options can act as a deterrent against market growth.
The global open source software market is fragmented according to product, application, and region. By product, the market is divided into Berkeley Source Distribution (BSD), bundled software, shareware, and others. Major applications include phpBB, PHPWind, BMForum, and others. Regions covered in the market report include India, Japan, China, Southeast Asia, United States (U.S.), and Europe.
The India market is expected to register steady rise over the forecast period. This growth is driven by rising integration of IT to streamline operations by small and medium enterprises as well as large corporations. In 2016, telecommunications company Bharti Airtel collaborated with Cloudera, a U.S. based company, to transfer its customer data to the cloud. This move can assist Airtel in catering to the demands of its consumer base of over 265 million. Implementation of OSS by other sectors can also spur regional market growth in the forthcoming years.
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The U.S. market for open source software is projected immense growth owing to presence of OSS and software behemoths. In addition, software giants offering OSS in bundles to developers for customization and creation of application programming interfaces (APIs) can boost market over the forecast period. Influx of capital by private equity firms and acquisitions are trends characterizing the market.
Well-known players in the open source software market include Oracle Corporation, RethinkDB, IBM Corporation, Transcend Information, Inc., and Canonical. Mergers and acquisitions are strategies being implemented to gain a large share of the market. In 2016, Microsoft Corporation acquired Canonical and as a result gained access to license of Ubuntu, the popular open-source operating system. In 2018, Microsoft is planning to launch Azure Sphere for protecting microprocessors from cyberattacks. The operating system has been developed using Linux and will be used to provide hardware and software solutions.
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