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Open source recognized as a key economic pillar in EU study

Submitted by Rianne Schestowitz on Thursday 28th of October 2021 08:54:53 AM Filed under
OSS

A September 2021 study on the economic impact of open source software and hardware concluded that open source technologies injected EUR 65-95 billion into the European economy. This study is timely given the current rollout of the European Union's EUR 750 billion recovery investment, which has allotted 20% for digital transformation. Growing political efforts to understand and quantify the importance of open source in realizing EU digital sovereignty accentuate the study's significance. The European Union sponsored the study, which was written by Fraunhofer ISI and OpenForum Europe.

During the February 2021 EU Open Source Policy Summit's keynote, EU Commissioner Thierry Breton emphasized the European Union's leadership in using open source software (OSS) across all technical, political, and economic domains. This study provides yet more hard economic evidence to support the commissioner's assertion that using and contributing to open source is vital to European economic recovery—not only in terms of bolstering public sector adoption but also for industrial strategy.

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