Open Source Services Market Global Significant Growth, Gross Margin, Comprehensive Research to 2027

Jonytoal11 Jan, 2023Business

According to a research report "Open Source Services Market by Service (Professional Services, Managed Services), Organization Size (Large Enterprises, SMEs), Vertical (IT and ITeS, Healthcare and Life Sciences, Education, Retail and eCommerce) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global OSS market is expected to grow from an estimated value of USD 25.6 billion in 2022 to 54.1 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 16.2% from 2022 to 2027. Some factors driving market growth include gamut of low cost OSS; freedom from vendor lock-ins; increased usage of cloud technology and IoT devices in enterprises; and simple bug removal processes associated to OSS.

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