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The expansion of worldwide open source services is accelerating due to its expanding availability of open source platforms, the capacity to modify the code, and the growing number of tech-savvy people. Users can edit and interact with the source code through open-source services. As the number of users that modify the code and improve its functionality and adaptability grow, its value proportionally increases.
With the growth of technology adoption, companies utilize open source services for application development, IT infrastructure modernization, integration, and digital transformation. For Instance, according to a report of Red hat's 2019 State of Enterprise Open Source, open source IT infrastructure modernization is used by 53% of organizations, followed by 43% for application integration and 42% for digital transformation.
Additionally, the use of permissive open-source licenses has increased while the use of copyleft licenses, particularly the GPL family, has decreased. Users of the software are subject to minimum restrictions under permissible licenses. These licenses allow the software to be incorporated into other proprietary applications without revealing the source code. This latest software can be spread, reducing money and time and contributing to the open-source service market's growth. For Instance, in 2021, According to WhiteSource Software data, Permissive licenses are used by 76% of open source components. This is a 9% increase over the previous year's 67%. Only 24% of open source licenses are copyleft, down from 33% the previous year.
The demand for open-source services is increasing during the ongoing COVID-19 pandemic. Models, mobile and web applications, open-source repositories containing datasets, visualizations, and others are being used and expanded by market vendors to develop and build new solutions to prevent the spread of the virus by increasing awareness. For Instance,
Furthermore, adopting new business tactics or deploying new technologies has shown to be a productive approach to expansion. As companies focusing on partnerships and the latest technologies innovation, the market will grow in the coming years.
The report will cover the following insights-
Healthcare and Life Science Industry to boost the market growth.
Owing to advanced clinical decision support (CDS) and service adoption in healthcare and life sciences boost the open source services market. Because the source code is available, doctors and informaticists can collaborate to create a CDS system that helps in seamless interaction with a company's clinical process. Additionally, the rising partnerships, mergers, and acquisitions across the healthcare and life science industry will likely boost the market growth.
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North America is expected to hold a major market share in the coming years due to major market players such as IBM Corporation, Red Hat, Inc., Oracle Corporation, and others across the region. The rapid adoption rate in innovative technology and increased investment in cloud technology will help boost the region's market.
Key players in the open source services market include IBM Corporation, Oracle Corporation, Red Hat, Inc., Accenture Plc., Wipro Limited, Cisco System, Inc., SUSE, MuleSoft, LLC, Data bricks Inc., ViSolve.Com, Hewlett Packard Enterprise Development LP, Infosys Limited, Kubermatic GmbH, and others.
By Enterprise Size
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