Open Source Service Market to Flourish at 16.5% CAGR, Hitting US$ 141.0 Billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
This steadfast emergence underscores the nation's unwavering commitment to technological innovation and its relentless pursuit of excellence in the digital realm. NEWARK, Del, March 28, 2024 (GLOBE NEWSWIRE) -- The open source service market is expected to experience substantial growth, with a projected valuation of US$ 30.6 billion in 2024. This valuation is anticipated to soar to US$ 141.0 billion by 2034, representing a CAGR of during the forecast period. The cost-effectiveness of open source software, which eliminates hefty licensing fees, and the lively community of developers promoting rapid innovation are reasons for this surge. Open source solutions' inherent flexibility and customization options are critical drivers, allowing businesses to fine-tune software to seamlessly integrate with existing systems and provide greater control over their technology stack. The vendor-neutral feature of open source helps mitigate vendor lock-in risks and ensures diverse software adoptio
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