Open Source Services Market to Become $50 Billion Industry
VentureBeat captures the story that the Open Source services industry will reach $21.7 billion this year. It may double within 5 years, growing to reach $50 billion by 2026.Read More >
Cybersecurity Solutions to Know in 2021:
Open Source & Scaling Up
Security Intelligence reports how SecOps teams can use an open approach to share insights, deploy analytics, and employ orchestrated response tools and Artificial Intelligence (AI)-powered assistants for incident investigation and case-building without taking time away from higher-value work.
Benefits of Open Source Software / Data from Different Aspects
Hassan Rezk Habib, a Senior Software Engineering Manager with Microsoft, innovator, and entrepreneur, shares his Perspectives on Open Source’s Benefits to Business when it comes to attracting and retaining talent, as well as public advocacy and leadership in a LinkedIn article.
Hiring Outlook is Bright for Open Source Professionals
As evidence that businesses are embracing Open Source, Datanami reports that a Linux Foundation survey found that 50% of hiring managers plan to increase their hiring of Open Source professionals in the next 6 months. Read More >
Blockchain Technology and It’s Potential Global Impact
OIN explores the different ways several of our members are integrating blockchain in their everyday operations, consumer products and customer services. We also examine how blockchain is influencing the industry and contributing to future applications.
Square Joins OIN & Garners International Media Coverage
Bloomberg and more than 12 other industry publications took different angles and covered last month’s news that Square Inc. — one of the top retail credit-card endpoint companies — has become a member of OIN.Read More >
Banks & Financial Services Recognize the Benefits of Open Source; Flock to OIN
The Digital Fifth holds a panel in which OIN’s Keith Bergelt, CEO, & Venkatesh Hariharan, India Representative, discuss how the banking & financial services industry is realizing that Open Source has many benefits and why they are increasingly adopting it.Watch the Video >
04 |MEMBERSHIP HIGHLIGHTS
Ally Financial
Ally Financial is an award-winning leading digital financial services firm, one of the largest full-service automotive finance operations in the United States, and an online-only bank with 10,000 teammates serving 9 billion customers. Learn More >
Anthem, Inc.
Anthem, Inc. is the leading health care benefits and insurance company in America, dedicated to improving lives and communities and making healthcare for more than 117 million people.
Founded over 140 years ago, Prudential Financial is an American Fortune Global 500 services leader and largest insurance company in the United States with $815.1 billion in total assets.Learn More >
Stripe
Millions of businesses — from start-ups to public companies like Salesforce and Facebook — use Stripe’s Open Source Software (OSS) to accept online payments.Learn More >
03 |INDUSTRY FOCUS
A Look at How Consumer Electronics & Open Source Continues Changing Life As We Know It
Consumer electronics have come a long way since IBM — a founding member of OIN — introduced the world’s 1st smart phone in 1992. Today, we have smart everything — from home appliances, wearables, robots and TVs to medical devices and cars. Netflix, Mac OS, NetApp, Nintendo Switch, Panasonic TVs, PlayStation 4, Trivago and Facebook-owned What’s App have been identified as the “Top 8 Products Built on Open Source,” according to Design News. Most facial recognition software applications are also built on Open Source. In 2020, there were more than 8 billion Internet of Things (IoT) devices, according to Statista, and economists predict there will be 15.9 billion connected devices worldwide by 2030.
The global electronic products market is expected to be over $1055 billion in 2021 and predicted to reach more than $1291 billion in 2025. Asia-Pacific is the largest region in the industry at 49.4% of the total in 2020, followed by North America and Western Europe. The fastest-growing regions in the market are Asia-Pacific and the Middle East. The industry is expected to grow from $948 billion in 2020 to over $1055 billion in 2021 and more than $1291 billion by 2025, according to The Business Research Company.
Market growth stems from the rise in Internet accessibility and the increasing worldwide consumer demand for electronics in daily life. As a result, there is a need for more choices in hardware features, software applications and innovative User Interfaces (UI). To meet these needs — as well as the technology changes in embedded components such as System-on-Chips (SoC) processors — industry manufacturers are turning to Open Source Software (OSS) and hardware platforms that allow collaboration and foster faster innovation. Developers are also contributing to the greater Open Source community which generates new relationships leading to increased knowledge, more opportunities and ultimately more efficiency to innovate new consumer products.
Open Source is powering consumer electronic devices for many OIN members. Here are 5 examples.
GoPro relies on Open Source to help its cameras communicate, perform command, control and query actions.
Huawei continues to use the Open Source core Android Operating System (OS) for its leading smart devices.
Metall Zug integrates OSS technologies across its business units, including medical devices and infection control.
Philips relies on Open Source to manufacture such items as toothbrushes and smart sleep and wake up lights.
Sony — which started using OSS in their products around 2003 — uses Open Source for such products as TVs, video cameras and visual devices.
All Things Open 2021which takes place October 18-19th and will be a hybrid in-person & virtual event in Raleigh, NC. Our CEO, Keith Bergelt will present.
OpenUK — Keith Bergelt, OIN CEO, will participate in the OpenUK Open Technology for Sustainability Day event and the OpenUK Awards Presentation November 11th.
Save the Date
TheOpen Source Summit Japan+ Automotive Linux Summit 2021 and Open Compliance Summit 2021, will be held virtually, December 14—16th.
A retired IBM executive and Army veteran, Pete’s favorite quote is “Life is what happens to us while we are busy making other plans.” John Lennon included these lyrics — which originated from John Allen Saunders in a 1957 Readers Digest quote — with his wife Yoko Ono in “Beautiful Boy (Darling Boy)" about their child, Sean.
“This quote explains how my life has unfolded,” says Pete, a self-described “gym rat” who likes to stay busy. And busy he stays. He spends time with his family — 4 daughters and 5 grandchildren, located in the UK and Australia as well as local to where he lives in Charlotte, NC — on top of his active hobbies, including playing golf, watching football and soccer and reading.
After earning the Eagle Scout, graduating from Rensselaer Polytechnic Institute (RPI) ROTC’s program in Troy, NY, and completing 2 years of Army service at Fort Bliss, Texas and overseas in Korea, Pete intended to stay in the military when “Big Blue” approached him to join them as a Systems Development Engineer. “It was a tough choice, but they made a very attractive offer,” he says.
After many years of management in system design for IBM’s 360 & 370 product lines, Pete retired in 2006 as a Program Director of Licensing where he held responsibilities in Mergers & Acquisitions (M&As) and Intellectual Property (IP). He retired after 43 years with IBM. Today, he continues to consult with IBM which is a founding member of OIN.
During his IBM stint, Pete worked with Jerry Rosenthal, who became the 1st CEO of OIN in November 2005. Several years later following his retirement, Pete joined OIN as a Licensing Representative and enjoys his role as much now as he did 14 years ago. “There’s never a dull day,” says Pete.
As far as Open Source, Pete shares his philosophy:
"Concepts that allow for a multiplicity of ideas to be shared enhances creativity and accelerate the pathway to solutions. Open Source promotes and provides a means to realize this concept and explains why the use of Open Source has become so ubiquitous throughout most every industry sector.”
