Open Source Services Market (By Services: Support & Maintenance, Managed Services, Training & Consulting, Implementation; By Deployment: Cloud, Hybrid, On-premise; By Enterprise Size: Small and Medium-size enterprises, Large Enterprises; By End-User Vertical: Banking, Financial Services & Insurance, Government, IT & Telecom, Manufacturing, Healthcare & Life Sciences, Retail, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032


The global open source services market size accounted for USD 28.3 billion in 2022 and it is expected to hit around USD 138.61 billion by 2032, expanding at a CAGR of 17.22% during the forecast period 2023 to 2032.

Open Source Services Market Size 2023 To 2032

Key Takeaways:

  • North America led the global market with the highest market share of over 28% in 2022.
  • By Services, the integration & deployment segment has captured a revenue share of 33% in 2022.
  • By Deployment, the hybrid segment has accounted revenue share of over 40% in 2022.
  • By End-user, the IT & ITeS segment has held revenue share of 27% in 2022.
  • By Enterprise Size, the large enterprises segment has accounted 68% of the total revenue share in 2022.

Market Overview:

Open source service relates to the code that can be accessed publicly. Anyone can have access to and can view, change, and regulate the open source code. Various top tech players are working efficiently to offer open-source services. The open-source services can be customized as per the specific requirements of enterprises. One of the major advantages of open source software is that it permits coders from distinct domains and unique perspectives to ensure regular updates. Also, open source software helps in enhancing the flexibility and value of the code. The open-source services have significant applications across data integration, business process management, project management, cloud management, and web content management.

With the increasing adoption of technology, companies are using open source services for IT infrastructure modernization, application development, digital transformation, and integration. Owing to the rising availability of open source platforms and the growing tech-savvy population, the global open source services market is expected to grow notably. Cost-effectiveness, enhanced security, and improved quality are some of the factors that are further supporting the growth of the global open source services market all over the world.

The review process as well as community production is involved in building open source services in an integrated and decentralized way. Since open source software is produced by groups instead of a single organization or creator, it is often found to be more adaptable, less expensive, and has a longer lifespan as compared to proprietary technology.

Red Hat is one of the leading providers of open source services. The company’ broad portfolio consists of middleware, hybrid cloud manufacturing, agile integration, cloud-native application, and automation solutions. Red Hat designs and provides high-end open source solutions that enable various enterprises to function across numerous platforms and environments through its core data center. The presence of well-established open source services providers is encouraging the open source services market growth considerably.

Some of the major players in the global open source services market include Cisco Systems, Red Hat, IBM, Accenture, Wipro, Infosys, HPE, HCL, and Oracle. Other players are also struggling immensely to capture a higher share of the open source services market.

Report Scope of the Open Source Services Market:

Report Coverage Details
Market Size in 2023 USD 33.17 Billion
Market Size by 2032 USD 138.61 Billion
Growth Rate from 2023 to 2032 CAGR of 17.22%
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Services, By Deployment, By Enterprise Size, and By End-User Vertical
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Market Dynamics:

Banks and financial services companies are increasingly adopting open source solutions. Apache Fineract is an open-source solution that offers robust, reliable, and affordable financial services and solutions for entrepreneurs. Apache Fineract is deployable in any environment (on-premises or cloud) and supports front-end interfaces. Apache Fineract is best known for its flexibility to support any financial service, product, or lending methodology. Apache offers loan & portfolio management and client data management for all sizes of the organization.

As per our research, the global public cloud in BFSI market is predicted to be worth about $230.15 billion by 2030 from around $56.15 billion in 2022. Our analysis indicates that the global public cloud in BFSI market will grow at a compounded annual growth rate (CAGR) of 15.2% during the forecast period from 2023 to 2032. The growing public cloud in BFSI market is increasing the scope for respective open source services accordingly.

Leading retailers across the world utilize open source solutions for decreasing costs, fostering innovation, and reducing exposure to risk. The global retail market had sales of more than $27 trillion in 2022. This count is predicted to reach over $30 trillion by 2024. The rapidly growing retail market is creating significant opportunities for particular open source services.

In order to enhance the development of open source services, respective market players can consider collaboration, partnership, and joint ventures. Furthermore, rapidly evolving open source technology can make the existing technology obsolete very soon. This is expected to intensify the market competition among the crucial market players in the near future.

Since the count of open source service providers (suppliers) is very less as compared to the count of buyers, the bargaining power of suppliers is considerably higher as compared to the bargaining power of buyers. Owing to notable profitability, the threat of new entrants in the open source services market is observed to be moderate as of now.

Our open source services market report provides an in-depth analysis of the recent market situation. The report covers significant aspects such as the key players, latest trends, regional analysis, and competitive landscape. The analytical research on the impact of the pandemic of COVID-19 helps in realizing the effects on the supply and demand side. The segmental analysis offers a clear overview of various types of open source services.

Segments Insight:

Services Insights:

Based on services, the global open source services market is segmented into support & maintenance, managed services, training & consulting, and implementation.  The implementation segment held the largest market share in 2022. The managed services segment is predicted to grow with the highest compounded annual growth rate (CAGR) during the study period.

Enterprise Size Insights:

Open Source Services Market Share, By Enterprise Size, 2022 (%)

Based on enterprise size, the global open source services market is segmented into small and medium-size enterprises and large enterprises. The small and medium-size enterprises segment had the highest revenue share in 2022. The small and medium-size enterprises segment is estimated to grow with the highest compounded annual growth rate (CAGR) during the forecast period till 2032. 

End-User Vertical Insights:

By end-user vertical, the open source services market is segmented into banking, financial services & insurance (BFSI), government, IT & telecom, manufacturing, healthcare & life sciences, retail, and others. The manufacturing segment is anticipated to dominate the market during the forecast period. The healthcare & life sciences segment will grow with a notable CAGR during the study period.

Regional Insights:

The open source services market is spread across North America, Europe, Asia Pacific (APAC), the Middle East and Africa, and Latin America. North America (NA) held the largest share of the global open source services market in 2022. In 2022, the United States (US) held the highest share followed by Canada and Mexico. Considering the presence of countries with early adoption of the latest technologies. favoring economic policies, and high gross domestic product (GDP), the North American open source services market is anticipated to grow remarkably.

According to the Organisation for Economic Cooperation and Development (OECD), there were more than 4.1 million small and medium-sized enterprises (SMEs) in Mexico in 2019. All these SMEs accounted for 35.6% of the national total gross production and 99.7% of all private enterprises in 2019. Thus, a high count of potential buyers is creating enough scope for respective open source services and solutions.

Open Source Services Market Share, By Region, 2022 (%)

The European open source services market is segmented into France, the United Kingdom (UK), Italy, Germany, and the Rest of Europe. Germany is estimated to hold the highest share of the European open source services market during the study period. Under the Horizon 2020 program, the European Commission had planned grants worth €800 million ($982.592 million) for scaling up small and medium-sized enterprises (SME), supporting mid-cap companies, and helping start-ups. Funding in these schemes ranged from around €5,000 ($6,141.2) to €500,000 ($614,120). Thus, increasing grants for various enterprises is majorly expected to support the adoption of open source services.

The open source services market in the Asia Pacific (APAC) region is segmented into China, Japan, India, South Korea, and the rest of the Asia Pacific (APAC) region. In 2022, China dominated the Asia Pacific (APAC) open source services market followed by Japan and India. Open Source Group Japan is a voluntary, non-profit association for promoting the spread of open source and free software culture. The presence of such non-profit associations encourages respective activities that are helpful for protecting open source culture.

Considering current constraints and future uncertainty, efficiency, precision, and sustainability are very much important for surviving in the manufacturing industry. This challenge can be dealt with an adequately designed open source enterprise resource planning (ERP) solution. Open source services are helpful in automating and streamlining numerous tasks ranging from the administrative desk to the shop floor. As per India Brand Equity Foundation (IBEF), India’s manufacturing exports for the financial year (FY) 2022 accounted for $418 billion. This figure exhibited an overall growth of over 40% as compared to the $290 billion worth of exports in FY 2021. Thus, the drastically expanding manufacturing sector is forecast to contribute to the open source services market growth in the APAC region in the coming years.

Latin America, Middle East, and African (LAMEA) open source services market is segmented into South Africa, North Africa, Brazil, Saudi Arabia, Argentina, and the Rest of LAMEA.  The Latin American open source services market is anticipated to account for decent growth during the forecast period. In 2022, Brazil had the highest market share in the LAMEA open source services market region. Owing to inadequate literacy, uncertainty, and unfavorable economic conditions in African countries, the open source services market in the African region is forecast to grow at a slower rate.

COVID-19 Impact:

The requirement for open-source services started growing during the pandemic of COVID-19. Open source repositories with visualizations, datasets, and others were being utilized during the COVID-19 crisis. Many companies, governments, and organizations realized that dealing with a global pandemic like COVID-19 will need new tools for tracking the spread of the virus. In order to stay updated with the latest development, decision-makers around the world required effective technological solutions. Open source enabled various developers in developing software for administering the particular needs of COVID-19 cases.

On a global level, the retail sector was affected drastically. Also, around 92% of IT leaders observed that enterprise open source solutions were highly essential in addressing their COVID-19 related challenges. The COVID-19 pandemic created significant opportunities for open source services all over the world.

Recent Developments:

  • In August 2021, Broadcom, Facebook, and Cisco announced the creation of the Open Automated Frequency Coordination (Open AFC) Software Group within the Telecom Infra Project (TIP). The purpose of this initiative is to develop a common reference open source software for an automated frequency coordination system. The automated frequency coordination will be utilized by unlicensed devices in the newly available 6 GHz band. The AFC is expected to improve Wi-Fi performance This would help in providing a consistent wireless broadband user experience in homes, stadiums, schools, enterprises, and hospitals.
  • In October 2022, Google announced the launch of an operating system (OS) known as ‘KataOS’. This new open-source operating system is written completely in Rust and is intended to improve software security and protect user data in embedded systems using machine learning (ML) applications.

Key Market Players:

  • IBM Corporation
  • Oracle Corporation
  • Red Hat, Inc.
  • Accenture Plc.
  • Wipro Limited
  • Cisco System, Inc.
  • SUSE
  • MuleSoft, LLC
  • Databricks
  • ViSolve.Com
  • Hewlett Packard Enterprise Development LP
  • Infosys Limited
  • Kubermatic GmbH

Segments Covered in the Report:

(Note*: We offer reports based on sub-segments as well. Kindly, let us know if you are interested)

By Services

  • Support & Maintenance
  • Managed Services
  • Training & Consulting
  • Implementation

By Deployment

  • Cloud
  • Hybrid
  • On-premise

By Enterprise Size

  • Small and Medium-size enterprises
  • Large Enterprises

By End-User Vertical

  • Banking
  • Financial Services & Insurance (BFSI)
  • Government
  • IT & Telecom
  • Manufacturing
  • Healthcare & Life Sciences
  • Retail
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

What is the open source services market size?
The global open source services market size is expected to increase USD 138.61 billion by 2032 from USD 28.3 billion in 2022.
What will be the CAGR of global open source services market?
The global open source services market will register growth rate of 17.22% between 2023 and 2032.
Who are the prominent players operating in the open source services market?
The major players operating in the open source services market are IBM Corporation, Oracle Corporation, Red Hat, Inc., Accenture Plc., Wipro Limited, Cisco System, Inc., SUSE, MuleSoft, LLC, Databricks, ViSolve.Com, Hewlett Packard Enterprise Development LP, Infosys Limited, Kubermatic GmbH, and Others.
Which are the driving factors of the open source services market?
The driving factors of the open source services market are the banks and financial services companies are increasingly adopting open source solutions and high count of small and medium enterprises.
Which region will lead the global open source services market?
North America region will lead the global open source services market during the forecast period 2023 to 2032.
  • Report Code:3265
  • Category:ICT
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Published:September 2023

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