What are the pros and cons of open-source development and its impact on the success of a product?

Pros of open-source development: - Cost-effective: Free software saves money. - Quality: Reviewed and tested by a large developer community, so it's usually high quality. - Security: More secure than proprietary software, as issues are quickly identified and fixed. - Flexibility: Customizable to meet specific needs. - Community support: Active communities provide assistance. Cons of open-source development: - Lack of commercial support can make getting help difficult. - Some projects may be immature or lack essential features. - Licensing complexity can be challenging to manage. Open-source development's impact on product success: - Reduces costs. - Enhances product quality, security, and flexibility. - Attracts a larger community of users. - No guarantee of success; a well-designed product meeting market needs is crucial. - Potential risks include lack of commercial support and license management complexity.