Competitive currency fueling future growth of many businesses is tied to new applications and more data. More enterprises will become software factories, driving up the number of new applications to half a billion by 2023. This drives the need for simpler, cheaper ways of scaling and managing IT systems that blend different infrastructures and software, including open source software.
Eight in 10 organizations are adopting a hybrid cloud IT approach, with 89% of those utilizing a multicloud strategy, according to Flexera 2022 State of the Cloud Report. This approach give IT teams the ability to manage and move applications and data to run in the most optimal place, whether that’s in the private cloud or colocated data center, a public cloud or a mix.
Open source software, which is freely available for distribution and modification, plays a big role in many IT organizations. So much so that 95% of IT leaders now feel open source software is an essential part of their enterprise, according to the 2022 State of Enterprise Open Source report. Open source provides widely-adaptable and cost-effective building blocks for creating new business applications, products and services. Hailed as the new backbone of innovation, open source software is poised to more than double to become a $50 billion market by 2026.
“Open source solutions help simplify the process of software development by offering a more flexible way to tackle common high-tech challenges,” said Chris Zimmerman, senior analyst for market researcher FutureProof Strategies.
“In addition to typically being easier to modify and adapt than proprietary alternatives, because they’re often supported by a large community of developers, they also often tend to evolve and grow at a significant pace and scale.”