Total global revenue in the open source services market will reach over 17 billion U.S. dollars in 2019 and is expected to grow into a 30-billion-dollar industry by 2022, a number which would represent a tripling in size over the span of just five years.
Open-source software
The open-source distinction refers to software which is released publicly and typically allows anyone to use, modify or distribute it without restrictions. Some of the most frequently cited advantages of using open-source software within organizations are related to the ease of development associated with these packages as well as the improved cybersecurity that they can provide. While the use of open-source software offerings is clearly set to expand in the coming years, many open-source developers still find the lack of training opportunities to be a major challenge in their work.
Open-source supporters
Some of the biggest supporters of open source software are traditional technology and software companies like Google and Adobe, both of which have contributed to a range of open-source projects over the years. Smaller organizations like MongoDB Inc. and Apache Software foundation contribute more directly in the development of popular software tools, databases, and open-source licenses such as Elasticsearch and MongoDB.
Projected revenue of open source services from 2017 to 2022
(in billion U.S. dollars)
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Research and Markets. (February 1, 2018). Projected revenue of open source services from 2017 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved April 04, 2020, from https://www.statista.com/statistics/270805/projected-revenue-of-open-source-software-since-2008/
Research and Markets. "Projected revenue of open source services from 2017 to 2022 (in billion U.S. dollars)." Chart. February 1, 2018. Statista. Accessed April 04, 2020. https://www.statista.com/statistics/270805/projected-revenue-of-open-source-software-since-2008/
Research and Markets. (2018). Projected revenue of open source services from 2017 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: April 04, 2020. https://www.statista.com/statistics/270805/projected-revenue-of-open-source-software-since-2008/
Research and Markets. "Projected Revenue of Open Source Services from 2017 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Feb 2018, https://www.statista.com/statistics/270805/projected-revenue-of-open-source-software-since-2008/
Research and Markets, Projected revenue of open source services from 2017 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/270805/projected-revenue-of-open-source-software-since-2008/ (last visited April 04, 2020)
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