Overwhelming Acceptance Of SaaS And PaaS Models To Drive The Global Cloud Management For The OpenStack Market Through 2020, Reports Technavio

LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global cloud management for the OpenStack market to grow at a CAGR of more than 30% during the forecast period, according to their latest report.

Global cloud management for the OpenStack market to grow at a CAGR of more than 30% during the period 2016-2020.

The research study covers the present scenario and growth prospects of the global cloud management for the OpenStack market for 2016-2020. Based on geography, the market is segmented into three key regions, including APAC, EMEA, and the Americas. With around 65% market share, the Americas dominated the global cloud management for OpenStack market in 2015.

SaaS-based solutions, PaaS-based cloud management software solutions, and open-source cloud management platforms to compete in the highly competitive market

The market is witnessing the delivery of cloud management solutions that are based on software as a service (SaaS) and platform as a service (PaaS) models. Vendors are differentiating themselves by offering innovative cloud management solutions and open-source cloud management platforms, resulting in increased competition.

In July 2015, HP acquired Stackato from ActiveState to extend its hybrid cloud capabilities. Stackato is a private PaaS cloud software company that deploys and builds applications based on open-source Cloud Foundry project.

Amit Sharma, a lead analyst at Technavio for research on cloud computing, says, “Adoption of SaaS, PaaS, and IaaS models is predicted to grow at a rapid pace during the forecast period. For instance, in Europe, the cloud and hosting provider market is increasingly becoming competitive. Some of the companies seek OpenStack to differentiate their business models.”

Technavio ICT analysts highlight the following four factors that are contributing to the growth of the global cloud management for the OpenStack market:

• Growing number of multi-cloud deployments across enterprise and service providers
• Need for easy infrastructure management
• Increased need to reduce costs
• Inherent advantages of cloud management

Growing number of multi-cloud deployments across enterprise and service providers

Cloud management platforms (CMPs) have become a vital component of every business models. With evolving cloud deployments, cloud vendors are offering multiple types of cloud models. In January 2015, in a survey report from the State of the Cloud Report from the RightScale, a cloud portfolio management service provider, found that more than 75% of enterprises employ a multi-cloud deployment model. However, most companies require a simple governance system to manage different platforms and services (public, private, and hybrid). Deploying CMP helps achieve these.

The growing adoption of OpenStack technology by enterprises to achieve low operational costs coupled with the continuous need for faster deployment of software and services is driving the adoption of CMPs to effectively manage multi-vendor OpenStack deployments.

Need for easy infrastructure management

The ability of OpenStack to allow the addition of new components by end-user requirement addresses the growing demand among enterprises for storage, computing, and space optimization. As new components can be added quickly because of its open nature, other existing cloud components can also run on OpenStack, thereby enhancing interoperability and integration. In addition, OpenStack infrastructure is evolving to provide the necessary tools for developers. Therefore, owing to its ease of management, we expect more numbers of enterprises should adopt the technology.

Enterprises can reap benefits by steadily upgrading one OpenStack feature at a time based on their needs. They can also choose the area that requires upgrading, giving better control over the decision on components to be upgraded or shifted.

Increased need to reduce costs

“Cloud technology aids enterprises in handling rising workload at significantly reduced costs compared to the traditional legacy infrastructure. The significant cost benefits associated with cloud technology is the primary reason for its adoption among enterprises,” says Amit.

OpenStack deployment helps users to effectively manage cloud computing platforms, both private and public clouds, resulting in significant cost benefits. OpenStack, which is categorized under IaaS, enables faster deployment of infrastructure cluster. As workload increases and the need for analytics rises with data proliferation, storing and analyzing data on OpenStack cluster become feasible regarding workload handling capacity along with cost advantages.

Inherent advantages of cloud management

OpenStack is widely used for developing cloud platforms, and its popularity is quickly growing across different verticals. The rise in demand for enhanced management capabilities is driving market growth.

In addition, the benefits offered by cloud management are driving the adoption of cloud management for OpenStack, which includes quicker delivery of instances as the demand for resources increase. This allows more flexibility to customers through the self-provisioning feature. This feature of the platform empowers customers with controllability and hence incurs costs for only the needed instances. Also, this improves ROI and identify new revenue-generating opportunities.

Browse Related Reports:

• OpenStack Market in APAC 2015-2019
• Global OpenStack Market 2015-2019
• Global Cloud-based Information Governance Market 2016-2020

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

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