In a follow-up to Monday’s report by Markets and Markets, Inc., SNS Insider is projecting the market for open source services to reach $87.7 billion by 2030, growing at a similar 17% CAGR. The report highlights enterprise, and in particular those in the banking, financial institutions, and insurance (BFSI) segments as top growth drivers. Also of mention is Google’s Assured Open Source Software initiative, which provides certified versions of popular open source components.
Strengthening Development through Community
An article at The New Stack highlights how community supports developer growth, as well as some guidance on getting involved. The takeaway for businesses is that growing a community around open source projects yields direct benefits.
Open Source Services Market set to Grow through 2027
Markets and Markets, Inc., reports that the market for services around open source software is set to grow by 16.2% CAGR to $54.1 billion by 2027 (via OpenPR). Key segments include managed services, small- to medium-sized enterprises, the Asia Pacific region.
Information Age Names Open Source as Top Tech Trend for 2024
Information Age has listed open source as a “transformative trend” in tech for 2024.
While it’s arguably less of a new trend than it is a continuing one, the article does point out increasing regulator involvement (in the EU, anyway), as well increased competition for developers of closed systems.
Times of India Discusses Open Source’s Impact on Business
A piece by The Times of India may be shorter than its byline implies, but nonetheless provides some useful advice for businesses using or considering open source. That said, most business are already using open source, either directly or indirectly, whether they know it or not.
VMWare’s FOSS Investment Brings Innovation, Requires Governance
VMWare provided some insight into its own internal FOSS activities by way of a story on MarketScreener. In addition to the innovation its investment in open source powers, the article also highlights the need for good governance and strategic thinking.
How to Grow Open Source Communities
The New Stack ran a piece on growing open source communities, examining container projects Kubernetes and the Linux Foundation’s Cloud Native Computing Foundation (CNCF) their currently convening. For organizations looking to engage with FOSS communities, it contains useful insights on how to motivate and support free software.
Report Finds FOSS Supply Chain Has Security Issues
A report by Lineaje, a software supply chain security consultancy, finds that as much as 82 percent of open source components may have security issues (by way of VentureBeat). This is always an important consideration for companies looking at open source solutions. At issue is the ability of open source projects to leverage the work of other open source projects, making the actual source of origin for any particular bit of code difficult.
Contribute Back by Reporting Ubuntu Bugs
A piece on MakeUseOf outlines how to file bug reports in Ubuntu. This is something businesses can do to contribute back to the community in the event they’re using FOSS products for free.
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