Harvard study: open-source has an economic value of 8.8T dollars

Open-source software has an economic value of 8.8 trillion US dollars. Without open-source programs, companies would have to spend around 3.5 times more money on software. This is according to a study by Harvard Business School. Around 95 percent of this figure is attributable to 3,000 developers worldwide. In addition, open-source software is included in 96 percent of all codebases. Anzeige Open-source development costs over four billion US dollars Because open-source applications are mostly free of charge and their usage figures can only be measured to a limited extent, their value could not be determined from the product of price and sales. Instead, the researchers calculated the supply value, which describes the costs of developing new open-source programs. On the other hand, they calculated the demand value. This describes the costs that would be incurred by companies if they had to develop every open-source application themselves. According to the researchers' calculations, t ... Read full article.