Open-source software has become one of the top buzzwords in the technology industry over the last few years. While it may be quick to assume that only software companies are utilizing this technology, many companies from various industries have incorporated computer software into their business models, from critical communications companies to video game companies.
A Brief History Of Open-Source Software
According to experts, open-source software has many benefits, including offering more efficiency and sustainability and enabling technology agility and problem-solving. A popular type of open-source software businesses use is WiredGuard, which provides a low attack surface and high-speed performance.
WiredGuard is increasingly seen in the skeleton of VPNs since it is one of the latest encryption standards and VPN protocols. Some VPN providers using WireGuard offer dedicated IP VPN options. This feature ensures users a consistent IP address, which is beneficial in specific scenarios requiring consistent access to restricted services, secure e-commerce transactions, remote corporate network access, and avoidance of IP blacklisting.
Which Industries Are Using Open-Source Software?
1) Critical Communications Companies
Critical communications brands have also begun adopting open-source software, such as Speakerbus. According to Speakerbus, businesses can benefit immensely from using open-source software through solutions providers, including increased flexibility, agility, security, and an increased sense of community. The brand uses open-source software in various ways, including using Docker technology, which offers its clients a flexible voice trading tool with a Graphical User Interface. This is just one example of how technology is being used to improve the world.
2) Gaming Companies
Gaming companies have also begun to use open-source software, including Nintendo, the Japanese multinational game company founded in 1889. For example, a Hacker Moon article states that Nintendo is one of thousands of customers of Black Duck Software, headquartered in Burlington, Massachusetts. Black Duck Software has many open-source projects, including developing a security checker that helps highlight security risks and vulnerabilities in open-source software. Among Nintendo, some clients of Black Duck Software include Intel, Samsung, and SAP.
The Technology of the Future
With various industries and brands beginning to incorporate open-source software, it’s no surprise that this new technology trend accounted for $28.3 billion in 2022. What’s more, the global open-source services market is projected to reach nearly $140 billion by 2023. North America continues to lead the global market, recording a market share of around 28% in 2022.
This continued growth is due to the number of new technology startups hitting the market. For example, dozens of open-source startups took over in 2021, including Unleash, an open-source platform. The company continued to build on its growth, raising $2.5 million in 2022 and acquiring customers such as Generac, a US manufacturing behemoth and Fortune 1000 company best known for its backup power generation products sold to the industrial, residential, and light commercial markets.
The open-source software market is a complex area with many moving parts. However, the benefits are becoming more known to companies in different industries, including gaming and critical communications companies, and this recognition is helping to push the market’s projected figures higher.