At Red Hat, we define emerging technologies as new technologies at an industry level that represent fresh and relevant open source projects. When using the word "emerging" to describe a new industry trend, software or application, it will typically fall into one of three areas:
- Emerging technology. This would be newer technologies that are commercialized in the market by some, maybe they are still getting their feet underneath them and have more grassroots activity and less commercial activity where the open source project is really the core focal point for the technology or collection of open source projects.
- Emerging market. At an industry level, these are not necessarily specific to Red Hat. These are market spaces that are taking existing technologies and building solutions into a new space. An example might be the digital transformation that the communications service provider industry is undergoing, where technologies like network functions virtualization (NFV) and the Internet of Things (IoT) are creating new market capabilities largely from existing technologies. In some cases, additive technology may be required to build or optimize a full solution.
- Emerging products for us are newer products in our product portfolio that have a smaller customer base or may just be getting started in their lifecycle of our product portfolio. We have our core products like Red Hat Enterprise Linux (RHEL) and Red Hat Middleware. We also have a newer set of products that would fit into the cloud space like Red Hat OpenStack, Red Hat OpenShift and storage. These are emerging for us as a company, not necessarily technologies. There is not necessarily a 1:1 correspondence that these are emerging products and these have to be built from an emerging technology.
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