The Asia Pacific Open Source Services Market would witness market growth of 18.8% CAGR during the forecast period (2021-2027).
Through the standardization of open-source platforms like Kubernetes, many developers can deploy improved ways of utilizing software like short release cycles and increasing changes to the application. Further, by keeping aside smaller operations process like configurations, the developer is likely to spend less time on unseen plumbing that has a direct effect on the business. In addition, the operators can also leverage the latest scalable methods to maintain the infrastructure along with ensuing compliance.
Open source services showcase robust values of community and transparency for the common advantage of the platform and its users. Several developers are consistently developing new features and technologies to ensure that existing solutions are working properly. This would further support the growth of the regional open source services market over the forecast period.
Furthermore, the increasing penetration of the internet and the growing adoption of new technologies among companies are accelerating the growth of the open source services market. Also, various benefits of open source services like more reliability, improved technology, low cost, and others, are attracting more users, which is estimated to open new growth avenues for the regional open source services market during the forecast period.
Developing nations like Japan, China, and India are increasingly adopting these services and solutions due to their offered benefits, which would support the growth of regional market. The COVID-19 pandemic has encouraged business enterprises across the Asia Pacific to increase the adoption of cloud solutions and digital transformation. In addition, the pandemic has also compelled the government and public sector across the Asia Pacific to incline toward digital innovation and fulfill regulatory compliance standards that would fuel the regional market growth over the forecast period.
The China market dominated the Asia Pacific Consumer Goods & Retail Open Source Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $785.3 million by 2027. The Japan market is showcasing a CAGR of 18.6% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 20% during (2021 - 2027).
Based on Type, the market is segmented into Professional Services and Managed Services. Professional Services market is further bifurcated across Training & Consulting, Integration & Implementation and Support & Maintenance. Based on Industry Vertical, the market is segmented into IT, ITeS & Telecom, BFSI, Consumer Goods & Retail, Manufacturing, Healthcare & Life Sciences, Transportation & Logistics, Education and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Open Source Services Market is Projected to reach USD 60 Billion by 2027, at a CAGR of 17%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Suse SA, Percona, Salesforce.com (Mulesoft), Wipro Ltd., Accenture plc, Evoke Technologies, Cisco Systems, Inc., Infosys Limited, and Hewlett Packard Enterprise.
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