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Market Summary

The global process orchestration market is forecast to reach USD 10.16 Billion by 2026, according to a new report by Reports and Data. Process orchestration can be considered as the act of instructing the functioning of an organization with the help of web services. The future of business process management can be formulated with the help of process orchestration. Process orchestration can alter the way information technology and businesses interacts.

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The process orchestration market is projected to witness considerable growth rate during the forecast period. The growth rate of this market is the result of a combination of varied elements. One of the mentionable factor in this context being, the effectiveness of process orchestration in describing the structure of internal control flow and providing with detailed information about hurdles associated with execution. With the help of process orchestration, depiction of data information and resources can also be performed. As a result of the mentioned use of process orchestration, it is observing increasing preference among end-user industries, which in turn contributes to the expansion of this market. Process orchestration is also witnessing increasing importance in the process of organizing organizational functioning, work, and utilization of human resource and computer systems. The growing involvement of process orchestration in organizational functioning is propelling the growth of the market.

Though there are various advantages associated with process orchestration that is spurring the growth of the market, factors like compatibility issues with present business applications, lack of expertise among end-users, organizational capacities and compliance & regulatory requirements may hinder the growth of the market.

In context to region, North America is dominating the process orchestration market. The presence of key process orchestration service providers, advancement in technological adoption, and optimization of IT infrastructure are some of the factors contributing to the market share of the region.

Key Coverage of the Report

Region and country wise statistics of the process orchestration market from the period 2020-2026. 2020-2026 have been derived as forecasts.

Estimation of the market size along with historical and forecasted trend analysis.

Various types' of alternatives available have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.

The regulatory framework of each region.

Regional up-coming research and application outlook.

Status of on-going developments.

Regional prevalence of process orchestration has been mapped.

Demand and Supply GAP Analysis

Regional Competitors Pricing Strategy

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments.

Salient Trends of the Process Orchestration Market

The process orchestration market is forecasted to grow at a rate of 15.8% during the forecast period and reach USD 10.16 Billion in 2026.

The main contributing factor spurring the growth of the market is the effectiveness of process orchestration in providing with solutions for business management to organizations and enhance their functioning and minimize their operational expenses. The mentioned effectiveness of process orchestration has resulted in its extensive application in the operation of end-user industries that contributes to the expansion of the market.

Various strategic initiatives by the market players also have a positive impact on the growth of the market. As an instance, in 2017, Fujitsu Inc., had partnered with UBiqube PLC under a strategic partnership. With the help of the partnership, operations management solutions would be strengthened further by integrating different services and products that are delivered to end-users like local government, corporations, along with managing large-scale networks. Such strategic initiatives not only help in strengthening the market position of the market players, but it also helps in bolstering the growth of the market.

Another such mentionable strategic initiative had taken place between Veryx Technologies and Atrinet’s Ltd in 2017. Under this strategic initiative, the mentioned market players had entered into a partnership for providing services and solutions, which minimizes the delivery efforts by automating different aspects of organizational functioning like monitoring and provisioning, among others. These strategic initiatives help in expanding the area of application of process orchestration, further boosting the market growth.

Companies considered and profiled in this market study

Oracle, SAP, IBM, Fujitsu, Cisco, CA Technologies, HCL, Micro Focus, Wipro, and BMC Software.

The companies have emphasized on adopting different approaches like agreements, acquisitions, mergers, and collaborations to retain their market position and make further market expansion.

Market-O-Nomics

The valuation for the process orchestration market was USD 3.41 Billion in 2018, and it is forecasted to experience a CAGR of 15.8% during the forecast period.

In regards to Component, the market has been segmented into Solutions and Services. Between these two segments, the Solutions segment dominated the market that occupied a larger market share of 73.0% in 2018, with a growth rate of 3.1% during the forecast period. The segment is projected to retain its market dominance. The market dominance of this segment is the result of the effectiveness of process orchestration solutions in helping organizations to minimize their resources and costs, along with reducing the business risks. The mentioned effectiveness of process orchestration solutions results in its extensive incorporation in end-user industries, contributing to its market share.

While discussing Component, it is mentionable here that the Services segment is projected to witness a faster CAGR of 5.7% during the forecast period, which is expected to occupy 31.0% of the market by 2026. The growth rate experienced by this segment is the result of the increasing emphasis on minimizing operational costs of organizations, rising deployment of process orchestration solutions and the associated elevated demand for post-sales services like professional services.

In regards to Deployment Type, the market has been segmented into on-premises deployment and cloud deployment. Between these two segments, the On-premises segment is leading the market that held a larger market share of 73.0% in 2018, with a CAGR of 14.8% during the forecast period. The market share that this segment occupies, is the result of enhanced process control in this type of deployment, availability of data on demand, and easy accessibility to project-critical information. It also provides the user with the scope of customizing it according to the specific requirement of the organization enabling them to be in control of processes and data

While discussing Deployment Type, it is mentionable that the Cloud segment is projected to witness a faster growth rate of 18.3% during the forecast period, that is expected to occupy 32.0% of the market by 2026. The growth rate of this segment is attributed to its benefits like- it enhances on-demand resource consumption and deployment.

In context to region, North America is dominating the process orchestration market that is projected to retain its market dominance during the forecast period. It occupies the largest market share of 39.0% in 2018, with a CAGR of 15.9% during the forecast period. Factors like the presence of significant process orchestration service providers, advancement in technological adoption, and optimization of IT infrastructure are some of the factors contributing to the market share of the region.

Segments Covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2020 to 2026. For the purpose of this report, Reports and Data have segmented the global process orchestration market according to Component, Organization Size, Deployment Type, Business Function, End-users, and Region:

Component Type Outlook (Revenue, USD Billion; 2020-2026)

Solutions

Services

Organization size Type Outlook (Revenue, USD Billion; 2020-2026)

Large Enterprises

Small and Medium-Sized Enterprises

Deployment Type Outlook (Revenue, USD Billion; 2020-2026)

On-premises

Cloud

Business Function Type Outlook (Revenue, USD Billion; 2020-2026)

Human Resource Management

Supply Chain Management and Order Fulfillment

Marketing

Customer Service and Support

Finance and Accounting

End-users Type Outlook (Revenue, USD Billion; 2020-2026)

Manufacturing

IT & Telecommunication

Banking, Financial Services, and Insurance [BFSI]

Transportation and Logistics

Media and Entertainment

Consumer Goods and Retail

Energy and Utilities

Others

Regional Outlook (Revenue, USD Billion; 2020-2026)

North America U.S.

Europe UK France

Asia Pacific China India Japan

MEA

Latin America Brazil

