Process Orchestration Market Research Report, By Function (Marketing Human Resource Management, Finance and Accounting), Component (Solution, Service), Deployment Type (Cloud), Organization Size (SMEs, Large Enterprise) Industrial Vertical (BFSI) - Global Forecast till 2027
ID: MRFR/ICT/5490-HCR | August 2022 | Region: Global | 100 Pages
TABLE OF CONTENTS
1. Executive Summary
2. Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat of New Entrants
4.1.2. Bargaining power of buyers
4.1.3. Threat of substitutes
4.1.4. Rivalry
4.1.5. Bargaining Power of Suppliers
4.2. Value Chain/Supply Chain of Global Process Orchestration Market
5. Market Overview of Global Process Orchestration Market
5.1. Introduction
5.2. Growth Drivers
5.3. Impact Analysis
5.4. Market Challenges
6. Market Trends
6.1. Introduction
6.2. Growth Trends
6.3. Impact Analysis
7. Global Process Orchestration Market, By Function
7.1. Introduction
7.2. Supply Chain Management and Order Fulfillment
7.2.1. Market Estimates & Forecast, 2020–2027
7.2.2. Market Estimates & Forecast, by Region, 2020–2027
7.3. Human Resource Management
7.3.1. Market Estimates & Forecast, 2020–2027
7.3.2. Market Estimates & Forecast, by Region, 2020–2027
7.4. Finance and Accounting
7.4.1. Market Estimates & Forecast, 2020–2027
7.4.2. Market Estimates & Forecast, by Region, 2020–2027
7.5. Customer Service and Support
7.5.1. Market Estimates & Forecast, 2020–2027
7.5.2. Market Estimates & Forecast, by Region, 2020–2027
8. Global Process Orchestration Market, by Component
8.1. Introduction
8.2. Solution
8.2.1. Market Estimates & Forecast, 2020–2027
8.2.2. Market Estimates & Forecast, by Region, 2020–2027
8.3. Services
8.3.1. Market Estimates & Forecast, 2020–2027
8.3.2. Market Estimates & Forecast, by Region, 2020–2027
8.3.3. Professional Services
8.3.3.1. Market Estimates & Forecast, 2020–2027
8.3.3.2. Market Estimates & Forecast, by Region, 2020–2027
8.3.3.3. Consulting
8.3.3.3.1. Market Estimates & Forecast, 2020–2027
8.3.3.3.2. Market Estimates & Forecast, by Region, 2020–2027
8.3.3.4. Training and Education
8.3.3.4.1. Market Estimates & Forecast, 2020–2027
8.3.3.4.2. Market Estimates & Forecast, by Region, 2020–2027
8.3.3.5. Support and Maintenance
8.3.3.5.1. Market Estimates & Forecast, 2020–2027
8.3.3.5.2. Market Estimates & Forecast, by Region, 2020–2027
8.3.4. Managed Services
8.3.4.1. Market Estimates & Forecast, 2020–2027
8.3.4.2. Market Estimates & Forecast, by Region, 2020–2027
9. Global Process Orchestration Market, by Deployment
9.1. Introduction
9.2. Cloud
9.2.1. Market Estimates & Forecast, 2020–2027
9.2.2. Market Estimates & Forecast, by Region, 2020–2027
9.3. On-Premises
9.3.1. Market Estimates & Forecast, 2020–2027
9.3.2. Market Estimates & Forecast, by Region, 2020–2027
10. Global Process Orchestration Market, by Organization Size
10.1. Introduction
10.2. SMEs
10.2.1. Market Estimates & Forecast, 2020–2027
10.2.2. Market Estimates & Forecast, by Region, 2020–2027
10.3. Large Enterprises
10.3.1. Market Estimates & Forecast, 2020–2027
10.3.2. Market Estimates & Forecast, by Region, 2020–2027
11. Global Process Orchestration Market, Industrial Vertical
11.1. Introduction
11.2. BFSI
11.2.1. Market Estimates & Forecast, 2020–2027
11.2.2. Market Estimates & Forecast, by Region, 2020–2027
11.3. Telecom & IT
11.3.1. Market Estimates & Forecast, 2020–2027
11.3.2. Market Estimates & Forecast, by Region, 2020–2027
11.4. Consumer Goods and Retail
11.4.1. Market Estimates & Forecast, 2020–2027
11.4.2. Market Estimates & Forecast, by Region, 2020–2027
11.5. Media and Entertainment
11.5.1. Market Estimates & Forecast, 2020–2027
11.5.2. Market Estimates & Forecast, by Region, 2020–2027
11.6. Manufacturing
11.6.1. Market Estimates & Forecast, 2020–2027
11.6.2. Market Estimates & Forecast, by Region, 2020–2027
11.7. Transportation and Logistics
11.7.1. Market Estimates & Forecast, 2020–2027
11.7.2. Market Estimates & Forecast, by Region, 2020–2027
11.8. Energy and Utilities
11.8.1. Market Estimates & Forecast, 2020–2027
11.8.2. Market Estimates & Forecast, by Region, 2020–2027
11.9. Others
11.9.1. Market Estimates & Forecast, 2020–2027
11.9.2. Market Estimates & Forecast, by Region, 2020–2027
12. Global Process Orchestration Market, by Region
12.1. Introduction
12.2. North America
12.2.1. Market Estimates & Forecast, by Country 2020–2027
12.2.2. Market Estimates & Forecast, By Function, 2020–2027
12.2.3. Market Estimates & Forecast, by Components, 2020–2027
12.2.4. Market Estimates & Forecast, by Deployment, 2020–2027
12.2.5. Market Estimates & Forecast, by Organization Size, 2020–2027
12.2.6. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.2.7. US
12.2.7.1. Market Estimates & Forecast, By Function, 2020–2027
12.2.7.2. Market Estimates & Forecast, by Components, 2020–2027
12.2.7.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.2.7.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.2.7.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.2.8. Mexico
12.2.8.1. Market Estimates & Forecast, By Function, 2020–2027
12.2.8.2. Market Estimates & Forecast, by Components, 2020–2027
12.2.8.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.2.8.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.2.8.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.2.9. Canada
12.2.9.1. Market Estimates & Forecast, By Function, 2020–2027
12.2.9.2. Market Estimates & Forecast, by Components, 2020–2027
12.2.9.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.2.9.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.2.9.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.3. Europe
12.3.1. Market Estimates & Forecast, by Country 2020–2027
12.3.2. Market Estimates & Forecast, By Function, 2020–2027
12.3.3. Market Estimates & Forecast, by Components, 2020–2027
12.3.4. Market Estimates & Forecast, by Deployment, 2020–2027
12.3.5. Market Estimates & Forecast, by Organization Size, 2020–2027
12.3.6. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.3.7. Germany
12.3.7.1. Market Estimates & Forecast, By Function, 2020–2027
12.3.7.2. Market Estimates & Forecast, by Components, 2020–2027
12.3.7.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.3.7.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.3.7.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.3.8. France
12.3.8.1. Market Estimates & Forecast, By Function, 2020–2027
12.3.8.2. Market Estimates & Forecast, by Components, 2020–2027
12.3.8.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.3.8.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.3.8.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.3.9. UK
12.3.9.1. Market Estimates & Forecast, By Function, 2020–2027
12.3.9.2. Market Estimates & Forecast, by Components, 2020–2027
12.3.9.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.3.9.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.3.9.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.4. Asia-Pacific
12.4.1. Market Estimates & Forecast, by Country 2020–2027
12.4.2. Market Estimates & Forecast, By Function, 2020–2027
12.4.3. Market Estimates & Forecast, by Components, 2020–2027
12.4.4. Market Estimates & Forecast, by Deployment, 2020–2027
12.4.5. Market Estimates & Forecast, by Organization Size, 2020–2027
12.4.6. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.4.7. China
12.4.7.1. Market Estimates & Forecast, By Function, 2020–2027
12.4.7.2. Market Estimates & Forecast, by Components, 2020–2027
12.4.7.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.4.7.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.4.7.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.4.8. India
12.4.8.1. Market Estimates & Forecast, By Function, 2020–2027
12.4.8.2. Market Estimates & Forecast, by Components, 2020–2027
12.4.8.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.4.8.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.4.8.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.4.9. Japan
12.4.9.1. Market Estimates & Forecast, By Function, 2020–2027
12.4.9.2. Market Estimates & Forecast, by Components, 2020–2027
12.4.9.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.4.9.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.4.9.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.4.10. Rest of Asia-Pacific
12.4.10.1. Market Estimates & Forecast, By Function, 2020–2027
12.4.10.2. Market Estimates & Forecast, by Components, 2020–2027
12.4.10.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.4.10.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.4.10.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.5. Rest of the World
12.5.1. Market Estimates & Forecast, by Country 2020–2027
12.5.2. Market Estimates & Forecast, By Function, 2020–2027
12.5.3. Market Estimates & Forecast, by Components, 2020–2027
12.5.4. Market Estimates & Forecast, by Deployment, 2020–2027
12.5.5. Market Estimates & Forecast, by Organization Size, 2020–2027
12.5.6. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.5.7. Middle East & Africa
12.5.7.1. Market Estimates & Forecast, By Function, 2020–2027
12.5.7.2. Market Estimates & Forecast, by Components, 2020–2027
12.5.7.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.5.7.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.5.7.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
12.5.8. Latin Countries
12.5.8.1. Market Estimates & Forecast, By Function, 2020–2027
12.5.8.2. Market Estimates & Forecast, by Components, 2020–2027
12.5.8.3. Market Estimates & Forecast, By Deployment, 2020–2027
12.5.8.4. Market Estimates & Forecast, by Organization Size, 2020–2027
12.5.8.5. Market Estimates & Forecast, Industrial Vertical, 2020–2027
13. Company Profiles
13.1. SAP SE
13.1.1. Company Overview
13.1.2. Product/Business Segment Overview
13.1.3. Financial Updates
13.1.4. Key Developments
13.2. IBM Corporation
13.2.1. Company Overview
13.2.2. Product/Business Segment Overview
13.2.3. Financial Updates
13.2.4. Key Developments
13.3. Oracle Corporation
13.3.1. Company Overview
13.3.2. Product/Business Segment Overview
13.3.3. Financial Updates
13.3.4. Key Developments
13.4. Cisco Systems, Inc.
13.4.1. Company Overview
13.4.2. Product/Business Segment Overview
13.4.3. Financial Updates
13.4.4. Key Developments
13.5. CA Technologies
13.5.1. Company Overview
13.5.2. Product/Business Segment Overview
13.5.3. Financial Updates
13.5.4. Key Developments
13.6. Fujitsu Ltd.
13.6.1. Company Overview
13.6.2. Product/Business Segment Overview
13.6.3. Financial Updates
13.6.4. Key Developments
13.7. Micro Focus International plc
13.7.1. Company Overview
13.7.2. Product/Business Segment Overview
13.7.3. Financial Updates
13.7.4. Key Developments
13.8. HCL Technologies Limited
13.8.1. Company Overview
13.8.2. Product/Business Segment Overview
13.8.3. Financial Updates
13.8.4. Key Developments
13.9. ServiceNow, Inc.
13.9.1. Company Overview
13.9.2. Product/Business Segment Overview
13.9.3. Financial Updates
13.9.4. Key Developments
13.10. OpenText Corporation
13.10.1. Company Overview
13.10.2. Product/Business Segment Overview
13.10.3. Financial Updates
13.10.4. Key Developments
13.11. BMC Software, Inc.
13.11.1. Company Overview
13.11.2. Product/Business Segment Overview
13.11.3. Financial Updates
13.11.4. Key Developments
13.12. Newgen Software Technologies Limited
13.12.1. Company Overview
13.12.2. Product/Business Segment Overview
13.12.3. Financial Updates
13.12.4. Key Developments
13.13. Software AG
13.13.1. Company Overview
13.13.2. Product/Business Segment Overview
13.13.3. Financial Updates
13.13.4. Key Developments
13.14. Wipro Limited
13.14.1. Company Overview
13.14.2. Product/Business Segment Overview
13.14.3. Financial Updates
13.14.4. Key Developments
14. Conclusion
LIST OF TABLES
Table1 Global Process Orchestration Market, By Country, 2020-2027
Table2 North America: Process Orchestration Market, By Country, 2020–2027
Table3 Europe: Process Orchestration Market, By Country, 2020–2027
Table4 Asia-Pacific: Process Orchestration Market, By Country, 2020–2027
Table5 Latin America: Process Orchestration Market, By Country, 2020–2027
Table6 North America: Process Orchestration Market, By Country
Table7 North America: Process Orchestration Market, By Function
Table8 North America: Process Orchestration Market, By Component
Table9 North America: Process Orchestration Market, By Deployment
Table10 North America: Process Orchestration Market, By Organization Size
Table11 North America: Process Orchestration Market, Industrial Vertical
Table12 Europe: Process Orchestration Market, By Country
Table13 Europe: Process Orchestration Market, By Function
Table14 Europe: Process Orchestration Market, By Component
Table15 Europe: Process Orchestration Market, By Deployment
Table16 Europe: Process Orchestration Market, By Organization Size
Table17 Europe: Process Orchestration Market, Industrial Vertical
Table18 Asia-Pacific: Process Orchestration Market, By Country
Table19 Asia-Pacific: Process Orchestration Market, By Function
Table20 Asia-Pacific: Process Orchestration Market, By Component
Table21 Asia-Pacific: Process Orchestration Market, By Deployment
Table22 Asia-Pacific: Process Orchestration Market, By Organization Size
Table23 Asia-Pacific Process Orchestration Market, Industrial Vertical
Table24 Middle East & Africa: Process Orchestration Market, By Country
Table25 Middle East & Africa: Process Orchestration Market, By Function
Table26 Middle East & Africa: Process Orchestration Market, By Component
Table27 Middle East & Africa: Process Orchestration Market, By Deployment
Table28 Middle East & Africa: Process Orchestration Market, By Organization Size
Table29 Middle East & Africa: Process Orchestration Market, Industrial Vertical
Table30 Latin America: Process Orchestration Market, By Country
Table31 Latin America: Process Orchestration Market, By Function
Table32 Latin America: Process Orchestration Market, By Deployment
Table33 Latin America: Process Orchestration Market, By Organization Size
Table34 Latin America: Process Orchestration Market, By Component
Table35 Latin America: Process Orchestration Market, Industrial Vertical
LIST OF FIGURES
Figure 1 Global Process Orchestration Market segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Process Orchestration Market
Figure 4 Value Chain of Global Process Orchestration Market
Figure 5 Share of Process Orchestration Market in 2020, by country (in %)
Figure 6 Global Process Orchestration Market, 2020–2027
Figure 7 Share of Global Process Orchestration Market by Industry, 2020–2027
Figure 8 Global Process Orchestration Market Size, By Function, 2020
Figure 9 Share of Global Process Orchestration Market, By Function, 2020–2027
Figure 10 Global Process Orchestration Market Size, by Component, 2020
Figure 11 Share of Global Process Orchestration Market, by Component, 2020–2027
Figure 12 Global Process Orchestration Market Size, Industrial Vertical, 2020
Figure 13 Share of Global Process Orchestration Market, Industrial Vertical, 2020–2027
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PROCESS ORCHESTRATION MARKET OVERVIEW
It was marked that the process orchestration market has been estimated to project at a USD of about 3.45 billion to about USD 8.60 billion in the market forecast period of about 2017 to 2023. Process orchestration pushes the organizations to carry out the business strategies by considering the business procedures by improving and executing the operational efficiency of the orchestration business. This encourages the enterprises to carry out and utilize their IT-based systems for fulfilling the user's all types of requirements thus helping in promoting the orchestration market. Digitalization is a global environment is the main factor is the major factor helping in improving the user's awareness towards optimizing the business proposals with their digital transformation. The orchestration processes guide up and promote end-to-end digital processing up the business. This in fact activates up the automation process which will help in optimizing the globally digital processes from the initial level to complex levels. The rise in want and requirement has promoted up the orchestration business for improving up the IT systems thus helping in promoting up the process orchestration market size. Collaboration of business and IT specialists enables them in developing and adapting the orchestration processes as per the BPMN standard. Adopting the cloud-based solutions so encouraged by SMEs along with some of the other enterprises contributes to the expansion of process orchestration market size.
COVID 19 ANALYSIS
The outburst of COVID led to the deterioration of the orchestration business. An economical downfall was faced in the whole of the industry. Besides all this COVID had influenced the enterprises and has ventured into different nations due to the enforcement of lockdown scenarios, boycotting of traveling, and closure of the business. a steady growth rate of the market was being observed along with interference with rising in adoption in the projected horizon was being experienced. The government took all the necessary measures for the safeguard of the nation.
MARKET DYNAMICS
Drivers- increase in demand for digitally transforming for optimizing their business processes as per the latest process orchestration market trends. Growth in demand for utilizing the resource at an optimum level improves the process orchestration market opportunities. Adoption of using small-large and medium scale enterprises are the growth driving forces helping in rising up the productivity of the business. Increase in the agility of business market and in time for the development of the market rises up its growth. Unification of AI process orchestration improves the orchestration business. The rise in connectivity requirement in between the infrastructural and the rise in growth of the demand for AI contributes towards the orchestration of industrial growth.
Opportunities- improvement in IT systems for fulfilling the organizational capabilities and culture and carrying out all the necessary compliance requirements rises up the opportunity of the market growth. A new recent development, improvement in trade regulations, covering a major area of the market share improves up the opportunity for rising of market size. The growth of revenue pockets and the rise in geographical expansions in the market acts as a driving force of the market.
Challenges- having insufficient knowledge among the end-users is the major challenging factor for the process orchestration market size. Obstruction to an organization with cultural transformation is another most important challenging factor for the adoption of the orchestration process.
Restraints- the presence of some of the enterprises' capabilities and its culture along with the strict rules and regulations so being carried out hampers up the market growth and size.
MARKET SEGMENTATION
Bt type- the process orchestration market opportunities can be increased by segmentation of the market into function, component, size of the organization, industrial vertical, and deployment. Based on function, the process orchestration market size has been increased by division of function into supply chain management, finance, order fulfillment marketing, accounting, customer service along with solution and support. As per the component segment the market is classified into solution and service. As per the industrial vertical, the industry is being classified into BFSI, IT, telecom retail, media, consumer goods, entertainment, energy, logistics, manufacturing, transportation, utilities, and many more. As per the organization size, the industry is being divided into small, large, and medium scale enterprises. Regionally, the industry is expanded into some of the North American region, European region, Asia Pacific, and some regions in the rest of the world.
By technology- technology helped in creating a cultural world in the small and medium-sized enterprises which helped them in accelerated market expansion and optimizing the orchestration operation which has helped in driving up the market demand. The integrated solution in standardizing, integrating, and automating the unique practices for orchestration processes in the complex orchestration business environment. Technology enables the enterprises to carryout out certain new services which will improve the flexibility, thus augmenting up the process orchestration market opportunities.
REGIONAL ANALYSIS
Regionally, the market is being marked to grow at a significant rate during the review period of 2018 to 2023. Among all the regions, it has been found that the North American region is the most dominating area where the orchestration process is being widely used. Here adoption of technology led to the usage of some new and innovative orchestration devices. The companies here helped themselves in enhancing their existing business activities. This improved in reducing the costs and increased the efficiency of the business. Some of the key players of the North American region like IBM, Oracle Corporation, ServiceNow Inc., CA Technologies, BMC Software Inc., Cisco System have promoted the rise of process orchestration market growth. These vendors help in catering to the local customers also the users from various other regions. The rise in investment procedures for the cloud-based solution by the government along with small, medium, and large scale industries helps in driving up the process orchestration market opportunities. Besides all these, the market in the Asia Pacific region is found to show rapid growth during the assessment period. This is because the rise in economic transformation, globalization, digitalization, and the rise in an upsurge of cloud-based solutions promotes the growth of enterprises which tends the users to adopt the new innovative orchestration processes. The rise in demand for the use of effective usage of IT infrastructures and optimization of costs has helped in process orchestration market growth.
COMPETITIVE LANDSCAPE
It has been marked that the orchestration business grows at an influential rate as it provides an integrated solution for the management of the business. It rises up the efficiency of the orchestration process which reduces the costs of the expenses. Some of the market players operating in the market are SAP SE of Germany, PMG.net of the United States, IBM Corporation, eQ Technologic of the United States, Oracle Corporation of the United States, Cortex ltd of England, CA Technologies, ServiceNow Inc of the United States, Microfocus International PLC of United Kingdom, Cisco Systems Inc. of the United States, Ayehu Software Technologies ltd of the United States, BMC Software Inc of the United States, Aravato AG of Germany, Fujitsu ltd of Japan, Wipro of India, Open Text Corporation of Canada, HCL Technologies ltd of India and many more. These new players are carrying out certain streamlined integrated solutions for streamlining their business agility thus enhancing their competitive positioning. These market players are investing in carrying out a certain integrated innovative solution for changing their business.
RECENT DEVELOPMENTS
Fujitsu Inc. in April 2017, in its collaboration with UBiqube PLC, has strengthened the orchestration business. Their integrated solution has risen up by the connection of various products and services which have been provided to the end-users which includes corporations, some of the telecom operators, and local government which has helped in managing the large network services.
As per the process orchestration market trends, Atrinet’s ltd along with Veryx Technologies has built its partnership which has provided unique solutions for the orchestration processes. Which has minimized the costs options and the delivery efforts by enhancing the provisioning, monitoring, and testing up of new options which include L3VPN, SD-WAN, Carrier Ethernet, 4G, and 5G Wireless Fron Haul, and many more.
REPORT OVERVIEW
The report signifies the market players where comprehensive analyses about their core competencies of the market took place. The report analyses their competitive developments which include merging and acquisitions taking place within the market players. It in fact signifies the launching up of new products and research and development caring out in the whole of the market. It gives an estimation of the orchestration market during the forecast period. The report in fact determines the market segmentation. It even estimates the solution segment which dominated the whole of the market in the forecast period where the service segment witnessed high CAGR during the assessment period.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 16.8% (2017-2023) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Function, Component |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | SAP SE (Germany), IBM Corporation (US), Oracle Corporation (US), CA Technologies (US), ServiceNow Inc (US), Cisco Systems Inc (US), BMC Software Inc (US), Fujitsu Ltd (Japan), OpenText Corporation (Canada), Newgen Software Technologies Limited (US), Software AG (Germany), HCL Technologies Limited (India), Wipro (India), and Micro Focus International PLC (UK). |
| Key Market Opportunities | The increasing investment in the cloud-based service/solution by the government, small and medium enterprises, is further expected to boost market growth during the period of research study. |
| Key Market Drivers | Global digitalization is a major factor driving the process orchestration market as there is an increase in the user’s awareness for optimizing the business process with digital transformation. |
Frequently Asked Questions (FAQ) :
The global process orchestration market is expected to record a substantial market valuation of 8.60 billion by 2023.
The on-cloud segment is slated to expand as the fastest-growing segment.
The supply chain management segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global process orchestration market are SAS Institute, Inc (US), IBM Corporation (US), SAP SE (Germany), Oracle Corporation (US), Tibco Software, Inc (US) among others.
