Friday, June 01, 2007

IDC: Open source revenues to reach US$5.8 billion by 2011

The market for standalone open source software (OSS) is in a significant growth stage, according to the IDC. Adoption of OSS will accelerate over the period of 2007 through 2011 as barriers to adoption get knocked down. Growth in revenues, however, will lag behind the growth in distribution of open source software.

According to IDC, worldwide revenues from standalone open source software reached US$1.8 billion in 2006. The revenues will reach US$5.8 billion in 2011, representing a compound annual growth rate (CAGR) of 26% from 2006 to 2011.

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