Process Orchestration Market 2019-2025
|発行||Orion Market Research Pvt Ltd||商品コード||911645|
Global Process Orchestration
Market Size, Share & Trends Analysis Report By Component (Solutions and Services), By Deployment Type (Cloud and On-Premises), and by End-Use (BFSI, IT & Telecom, Consumer Goods, Transportation & Logistics, Energy & Utilities, and Others) and Forecast, 2019-2025.
The growing need for high volume data processing coupled with the increasing demand to streamline business processes has forced the service providers towards the development of more enhanced digital solutions for enterprises. The process orchestration offers digital transformation of big data workflows to enhance business processes by empowering and effectively planning their business services. It enables the enterprise to reduce their IT resources operational cost. The process orchestration finds its applications across various industries, which includes healthcare, BFSI, energy & utilities along with many others. Moreover, the machine learning technologies coupled with the integration of AI may tend to accelerate the market share of process orchestration. Furthermore, technological advancement in the IT sector along with the rising investment in R&D has accentuated the market growth of process orchestration across the globe.
The process orchestration market is segmented on the basis of component, deployment type, and end-use. On the basis of deployment type, the market is bifurcated into the cloud and on-premises platform. Among which, the cloud segment is expected to register significant growth in the market during the forecast period, as on-premise deployment solution requires huge infrastructure and personal data center which adds to the capital and operational cost, which makes it less efficient as compared to the cloud platform. Based on end-use, the market is segmented into BFSI, IT & telecom, consumer goods, transportation & logistics, energy & utilities, and others. Among these end-users, the BFSI sector is expected to register significant growth in the market due to the rising adoption of digital technologies in the banking sector.
Geographically, the global process orchestration market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to register significant growth in the global market during the forecast period. This is owing to the rapid industrialization, digitalization, and growing adoption of cloud-based technologies in the region. Moreover, the emerging economies of the region are gradually moving towards the automation and cost optimization services for IT infrastructure, owing to which, the demand for process orchestration solution and services is expected to increase in the near future.
The key players operating in the global process orchestration market include CA Inc., Cisco Systems, Inc., IBM Corp., Oracle Corp., Ayehu Software Technologies, Ltd., and SAP SE. The market is projected to grow with a significant rate during the forecast period, owing to which, the market players are expanding their services and solutions in the global market. For instance, in November 2018, SAP SE acquired Contextor SAS, a France-based company engaged in the designing and integration of robotic process automation (RPA). The acquisition will assist the company to develop and expand the SAP Leonardo machine learning portfolio.
The market study of the global process orchestration market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for BFSI, consumer goods along with other industry verticals for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.