From Hasicorp’s perspective this license change is less about Terraform and mostly about Vault. Terraform Enterprise isn’t very successful. Their cloud offering for Terraform isn’t competitive with a basic GitHub actions workflow. They’ve learned this the hard way.
With Vault they’ve just recently launched their new cloud secrets service. Most of their revenue comes from Vault. Nearly all of their future revenue growth is vault. Any competitor could relatively easily provide the same service with vault FOSS today. Vault is feature complete. The only moat they have is their license.
Best for the ecosystem if both Vault and Terraform are maintained by a foundation. Not best for Hashicorp, but best for the industry for sure.
With Vault they’ve just recently launched their new cloud secrets service. Most of their revenue comes from Vault. Nearly all of their future revenue growth is vault. Any competitor could relatively easily provide the same service with vault FOSS today. Vault is feature complete. The only moat they have is their license.
Best for the ecosystem if both Vault and Terraform are maintained by a foundation. Not best for Hashicorp, but best for the industry for sure.