Process Orchestration Industry Analysis, Drivers, Opportunities, Trends, Applications, And Growth Forecast To 2027
Process Orchestration Industry Scenario:
The crippling effect of the global COVID-19
pandemic has detained the growth potential of the Process Orchestration
Industry. This MRFR report on the Process Orchestration Industryindicates
critical pointers that may emerge as growth hubs in the future. Moreover,
in-depth data analysis is estimated to offer a clearer growth perspective to
market participants.
According to Market Research Future (MRFR), the
global Process Orchestration Industry is poised to create a valuation of USD 8.60 BN by 2027, growing at
16.8% CAGR throughout the review period (2020 – 2027). Increasing capabilities
of analytics to analyze complex business data are significant factors driving
the business Process Orchestration Industry. Process orchestration enables
business and IT specialists to collaborate by developing and adapting
processes, using graphical business process model and notation (BPMN) standard.
Nevertheless, the increase in the adoption of
analytics platform for cloud deployment would support the growth of the market
over the forecast period. Discoveries of smart data capabilities, machine
learning, and automation of the entire analytics workflow have led to increased
market size. Moreover, the increasing deployments of process orchestration
solutions, advances in AI, and predictive analytics, alongside the rising
numbers of enterprises worldwide, accelerate the growth of the process
orchestration industry.
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Competitive Outlook:
Players leading in the global Process
Orchestration Industry include IBM Corporation (US), SAP SE (Germany), Oracle
Corporation (US), Arvato AG (Germany), ServiceNow Inc (US), CA Technologies
(US), Cisco Systems Inc (US), Fujitsu Ltd (Japan), Ayehu Software Technologies
Ltd (US), OpenText Corporation (Canada), Cortex Ltd (England), BMC Software Inc
(US), Micro Focus International PLC (UK), Newgen Software Technologies Limited
(US), HCL Technologies Limited (India), Software AG (Germany), eQ Technologic
(US), Micro Focus International PLC (UK), PMG.net (US), and Wipro (India),
among others.
Segmentation:
· By Function : Supply Chain Management, Order Fulfillment
Marketing, Human Resource Management, Finance & Accounting, and Customer
Service & Support.
· By Component : Solutions and Services.
· By Deployment : On-Cloud and On-Premise.
· By Organization Size: Small-to-Medium-Sized
Enterprises and Large Enterprises.
· By Industrial Vertical: BFSI, Telecom & IT,
Consumer Goods & Retail, Media & Entertainment, Manufacturing,
Transportation & Logistics, Energy & Utilities, others.
· By Regions : Asia Pacific, Americas, Europe, and the
Rest-of-the-World.
Regional
Analysis:
North America
dominates the global Process Orchestration Industry. The largest market share
attributes to the early adoption of process orchestration, enhancing the
existing business process to reduce operational costs and increase efficiency.
Besides, the strong presence of key technology providers, such as IBM
Corporation, Oracle Corporation, and others, and continuous innovation in
various related technologies helps market growth.
Europe stands
second in the global Process Orchestration Industry. The market growth is
driven by the process orchestration technology providers catering to the local
and customers from other regions. Additionally, increasing investments in the
cloud-based service/solution by the government and small & medium
enterprises (SMEs) boost the growth of the regional market. The European
business Process Orchestration Industry is expected to create a substantial
revenue pocket during the assessment period.
The Asia pacific
Process Orchestration Industry is growing promisingly. Factors such as the
rapid economic changes, globalization, and digitalization, influence the growth
of the regional market. Furthermore, increased adoption of cloud-based services
encourages the enterprises and customers to adopt process orchestration. The
increasing demand for effective utilization of IT infrastructures and cost
optimization in the region boost the size of the process orchestration
industry.
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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
Continued….
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