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open source software

Why Open Source Software Businesses Make Billions Easily

October 13, 2020
3 min read
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Luxury businesses have taken new approaches in recent years, where digital platforms now give many developers the chance to multiply their benefits according to the products and services they create. While many of the “big-thinkers” try to implement ways of combining some of the most needed tools in a premium package, open source software authors still make financial gains, which might, at certain times, reach billions of bucks. Below you will get a clearer picture of why and how does this happen in the digital world.

What is the Root of an Open Source Software Project’s Rise in Demand?

connections online

In fact, many open source software businesses were once just small projects to feed the needs of this or that company or group of people. But once the right business model enters the game, the improvements bring a lot of demand in  the market. On the other hand, your team does not only need a handful of software geeks, but also the right approach of sharing the service. Precisely, the project has to engage the top professional developers as well as charge users for some premium features.

Open Source Software and the Transition to the  Trendy ‘Cloud’ Environment

Open source software businesses  currently carry on their path in 2 main development ways. First of all, the open core is the prime ingredient. Accordingly, the second one should be the methods that let you use and share the software without much complications. Thus, it is the cloud based services that minimize the resources needed to keep up with the product.

Do Not Miss: Luxury During Pandemic: Tectonic Shifts in the Fashion Industry

Of course it is an awesome chance to have a free access to the source code of some interesting projects that you are curious of. A huge contribution to the development world is the emergence of GitHub, an American multinational corporation where millions of devs worldwide post their scripts, tutorials and documentations on any possible program. Besides, it is easier to control the restrictions and make profit from the most innovative premiun features, which makes your open source software more wanted.

Cloud Computing Continues to Grow at a Crazy Pace

When it comes to cloud services, the beneficial thing is setting tiers for subscribers, that will give them full ability to test and use products of the company. On each tier, there are specific permissions. Usually, the basic subscription tier includes only the very minimal functions, but it is still enough to figure out wether you want to continue with that open source software or not.

This is becoming a sort of competition against other companies who just let any user take their open source software code and manipulate it however they want, to add into their own services, scripts, etc.

Amazon HQ

Many world known giants of tech industry had started their cloud development earlier, such as Microsoft Azure, Amazon Aws and Google Cloud. In fact, many services now are optimized just for this or that industry. Not only do people use cloud services for their jobs, but also for their leisure activities. The growth in demand of cloud gaming, for example, lets people to enjoy their favourite franchises without having to worry about their computer or laptop specs. This type of approach just requires a stable high speed internet connection. You feel as though you control a real time video, rather than a game.

open source software

However promising it looks, there is yet a long way to go, as the next step is a well-structured integration of cloud operations with blockchain. The latter will surely bring lots of comforts for cryptocurrency investors that grow in number day by day.

 

Tags: Cloud ServicesDigital BusinessOpen Source Software

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