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Open-source is everywhere
Statistics
3 min readOct 6, 2023
- The market for open-source is set to grow at a rate of around 18.2% in the next 5 years. Currently, the market valuation for open-source services is set to rise from $21.7 billion in 2021, to $50 billion by 2026.
- 90% of IT leaders are using enterprise open source. 82% of IT leaders say open-source technology is used by the most innovative companies. (Redhat)
- 63% of organizations with open source program offices say those programs are business-critical. (The New Stack, Linux Foundation Research)
- 97% of businesses in the UK are using open-source software. 65% of users are contributing back to open source technology (Non-profit Open UK)
- 94% of hiring managers are making hiring open-source talent a priority. 58% of hiring managers are increasing open-source training for employees. 2 in 5 companies give higher raises to professionals with open-source skills. (Linux Foundation)
- 72% of Fortune 50 Companies use GitHub Enterprise (Github)
Open source is free
This would be the main reason for many companies or individuals choose open source as part of their application technologies. As developers spend more time on maintaining their software or modifying their codes than developing the code, if somebody maintains the software and provides it as free, there is no reason not to use it.