OpenStack is a collection of open source software modules that provide a framework to create and manage infrastructure based on public cloud and private cloud. OpenStack infrastructure supports web hosting, software-as-a-service (SaaS), and big data projects. OpenStack cloud platform is combination of various components such as glance, ironic, nova, cinder, keystone, horizon, mistral, etc. Based on these components OpenStack offers complete and production-ready platform for an enterprise to build and operate their own private and public cloud. OpenStack software consists of five deployment models such as OpenStack-based public cloud, on-premises distribution, hosted OpenStack private cloud, OpenStack-as-a-Service, and appliance based OpenStack.
Major factor driving growth of the global OpenStack services market is high adoption rate of cloud platforms by enterprises globally to manage their work effectively and efficiently. Additionally, OpenStack provides hybrid cloud accessibility and is relatively easy to deploy in relatively less amount of time. These are other factors expected to propel growth of the target market over the forecast period.
Issues related to security is a key factor hampering growth of the global OpenStack services market. Moreover, high deployment cost and performance related issues due to high amounts of data on cloud are other factors expected to impede growth of the target market to a certain extent over the forecast period.
Current trends in the market is rising demand for big data analytics, bring your own device (BYOD), and high adoption of smart devices, which are further expected to drive growth of the target market over the forecast period.
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