Process Orchestration Market By Component (Software, Services), By Deployment (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small & Medium Enterprise), By Vertical (Healthcare, IT & Telecommunications) & Region For 2024-2031
Report ID: 26347|No. of Pages: 202
Process Orchestration Market By Component (Software, Services), By Deployment (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small & Medium Enterprise), By Vertical (Healthcare, IT & Telecommunications) & Region For 2024-2031
Process Orchestration Market Valuation – 2024-2031
The Process Orchestration Market focuses on automating and streamlining complicated business processes in a variety of industries. This market is being pushed by an increase in efficiency, digital technology integration and the requirement for enterprises to make real-time data-driven decisions. This is likely to enable the market size surpass USD 7.7 Billion valued in 2023 to reach a valuation of around USD 25.81 Billion by 2031.
Future growth is projected as firms continue to use cloud-based technologies, artificial intelligence and machine learning to streamline operations. The market is also expanding due to the growing demand for compliance management, workflow automation and improved customer experiences across various industries. The rising demand for Process Orchestration is enabling the market grow at a CAGR of 16.32% from 2024 to 2031.
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Process Orchestration Market: Definition/ Overview
Process orchestration refers to the automated arrangement, coordination, and management of complicated workflows across several platforms. It improves corporate operations by integrating tasks and guaranteeing smooth communication between apps. This leads in increased efficiency and fewer errors.
Organizations utilize process orchestration to automate repetitive processes, improve collaboration, and optimize resource allocation. It allows for real-time monitoring and modifications to workflows, increasing flexibility and scalability. This technique benefits industries such as banking, healthcare, and manufacturing by enabling faster, more accurate operations.
In the future, process orchestration will combine powerful AI and machine learning to improve decision-making and automation. Integration with cloud-based systems and IoT will broaden its applicability, allowing organizations to respond to changing digital needs.
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Will Growing Complexity of IT Environments and Cloud Adoption Boost the Process Orchestration Market Growth?
The process orchestration industry is being driven by the increasing complexity of IT environments and the use of cloud technology. With hybrid and multi-cloud strategies becoming more common 89% of enterprises using multi-cloud and 80% using hybrid cloud, according to Flexera’s 2022 report effective orchestration is important for managing different systems.
Gartner expects that cloud-native platforms would account for more than 95% of new digital workloads by 2025. This trend needs enhanced orchestration technologies to streamline processes across remote settings, guaranteeing seamless integration, optimization, and efficiency, which will drive market growth. As cloud use grows, so does the demand for orchestration solutions that can handle this complexity.
Will Absence of Skilled Professionals Hamper the Process Orchestration Market?
The lack of skilled workers may impede the Process Orchestration Market. Process orchestration needs competence in connecting complicated systems, managing workflows and using automation tools. A shortage of experienced people may make it difficult to adopt and maintain innovative solutions, limiting their potential benefits. The complexity of process orchestration technologies may discourage firms from implementing them without the appropriate talent, delaying market growth. To mitigate this, companies may need to spend in training and upskilling their employees.
Category-Wise Acumens
Will High Demand for Workflow Management Drive the IT & Telecommunications Segment?
The significant need for workflow management in the IT and telecoms sector stems from the requirement for automation, operational efficiency, and real-time data management. As firms implement complex IT infrastructures, such as multi-cloud and hybrid systems, flawless workflow management becomes critical for avoiding disruptions and optimizing operations. The growing usage of advanced technologies like as AI and machine learning for predictive analysis and decision-making is increasing the demand for workflow solutions.
Growing competition in the IT and telecoms industries is also encouraging businesses to engage in workflow management to improve customer service, speed up service delivery, and cut costs. As these businesses grow globally, managing large-scale operations across multiple geographies necessitates sophisticated solutions for automating and monitoring procedures efficiently.
Will Greater Need for Efficient Process Management Drive the Large Enterprises Segment?
The large enterprises segment is expected to be driven by the increasing need for efficient process management due to their complex operational structures and vast IT infrastructures. As firms grow, coordinating varied processes across departments and locations becomes difficult, necessitating the use of process orchestration solutions. Furthermore, large enterprises frequently encounter regulatory compliance concerns and require solutions that assure efficient operations, lowering the risk of errors and increasing operational efficiency.
The growing acceptance of digital transformation initiatives in large companies has fueled demand for orchestration solutions. These technologies are being used to automate repetitive operations, improve collaboration, and optimize resource allocation, allowing firms to remain competitive in fast-changing markets. As complexity increases, so will the demand for strong process management rise.
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Country/Region-wise Acumens
Will Growing Emphasis on Sustainable and Eco-Friendly Coated Fabrics Drive the Market in North America?
The greater focus on sustainable and environmentally friendly coated fabrics is projected to drive the North American industry. Consumers and industries are increasingly seeking environmentally friendly materials, particularly in the automobile, fashion, and home furnishings sectors. Manufacturers are responding by creating coated fabrics made from bio-based components and implementing environmentally friendly production procedures, such as lowering carbon emissions and chemical usage.
Stringent environmental restrictions in North America, particularly in the United States and Canada, are also driving this trend. Companies are investing in R&D to develop sustainable alternatives that meet performance and durability requirements. As sustainability becomes a key differentiator, demand for eco-friendly coated fabrics is expected to skyrocket in the region.
Will Growing Technology Infrastructure Drive the Market in Asia Pacific Region?
Asia-Pacific’s developing technological infrastructure is predicted to drive market expansion in a variety of areas. China, India, Japan, and South Korea are making significant investments in new technologies such as 5G, cloud computing, artificial intelligence, and smart manufacturing. These developments improve industrial automation, increase production efficiency, and enable the creation of novel goods in areas such as automotive, electronics, and healthcare.
Government measures promoting digital transformation and smart city projects have accelerated infrastructure development. The proliferation of data centers and the adoption of Internet of Things (IoT) technologies are opening up new business opportunities. As a result, the Asia-Pacific region is positined for substantial market expansion because to its strong technology infrastructure.
Competitive Landscape
The Process Orchestration Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the Process Orchestration Market include:
SAP SE, IBM Corporation, Oracle Corporation, Cisco Systems, Inc., ServiceNow, Inc., TIBCO Software, Inc., Everteam, BMC Software, Inc., Wipro Ltd., Newgen Software, Inc., Fujitsu Ltd., OpenText Corporation.
Latest Developments
- In November 2020, Ericsson and Telstra formed a collaboration to create an enterprise edge cloud service. This system would serve as a platform for the development, delivery and customer support of new services and applications in agriculture, manufacturing, smart cities and enterprise branch connections.
- In August 2019, SES, a pioneer in cloud-based network automation and service orchestration, announced the creation of an open, standard-based network automation and service orchestration platform based on the Open Network Automation Platform (ONAP) and powered by Amdocs’ network functions virtualization (NFV) technology.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| Growth Rate | CAGR of ~16.32% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2020-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
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| Key Players | SAP SE, IBM Corporation, Oracle Corporation, Cisco Systems, Inc., ServiceNow, Inc., TIBCO Software, Inc., Everteam, BMC Software, Inc., Wipro Ltd. |
| Customization Scope | Report customization along with purchase available upon request |
Process Orchestration Market, By Category
Component:
- Software
- Services
Deployment:
- Cloud
- On-Premises
Enterprise Size:
- Large Enterprises
- Small & Medium Enterprises
Vertical:
- Banking, Financial Services and Insurance (BFSI)
- Manufacturing
- Healthcare
- IT & Telecommunications
- Retail
- Energy & Utilities
- Transportation
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Process Orchestration Market, By Component
• Software
• Services
5. Process Orchestration Market, By Deployment
• Cloud
• On-Premises
6. Process Orchestration Market, By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises
7. Process Orchestration Market, By Vertical
• Banking, Financial Services and Insurance (BFSI)
• Manufacturing
• Healthcare
• IT & Telecommunications
• Retail
• Energy & Utilities
• Transportation
8. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
9. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
10. Competitive Landscape
• Key Players
• Market Share Analysis
11. Company Profiles
• SAP SE
• IBM Corporation
• Oracle Corporation
• Cisco Systems Inc.
• ServiceNow Inc.
• TIBCO Software Inc.
• Everteam
• BMC Software Inc.
• Wipro Ltd.
• Newgen Software Inc.
• Fujitsu Ltd.
• OpenText Corporation
12. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
13. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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