Process Orchestration Market Share 2019 by Global Leading Players, Industry Size, Future Growth 2024, Business Prospects, Forthcoming Developments and Investments
[290 pages report] process orchestration market forecast 2024 By Component, Business Function, Organization Size, Deployment Model, Application profiling 21 companies, offers 428 data tables and 28 figures with coverage of 20+ countries.
Selbyville, Delaware, USA – April 29, 2019 /MarketersMedia/ —
The cloud process orchestration market is growing at the fastest rate and is projected to grow at a CAGR of over 18% over the forecast timespan. The rising demand for cost-effective, scalable, and flexible solutions has enhanced the popularity of cloud-based process orchestration solutions. Various industry verticals including healthcare, BFSI, IT & telecom, retail, and energy and utilities are shifting their focus toward cloud-based process orchestration solutions to deploy efficient resources and enhance their business productivity at lower costs.
The managed service dominates the process orchestration market, holding a share of over 70% in 2018. The rapidly changing technological landscape for managing processes in an enterprise environment is one of the key factors, contributing to the growing adoption of managed services related to process orchestration deployments and maintenance. The managed service providers also offer enhanced benefits such as improved process efficiency, enhanced service portfolio, higher staff productivity, and better customer experience, driving the market growth.
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The large enterprises dominate the process orchestration market with a share of over 70% in 2018. These enterprises make significant investments in R&D to enhance their existing solutions and deliver new solutions as well as develop new machine intelligence and automation technologies. For instance, in February 2019, IBM announced to invest USD 2 billion in its new research hub for AI in New York. This investment will enhance the company’s efforts to enhance growth from emerging technologies by transforming business operations benefitting the market.
The manufacturing sector is anticipated to dominate the process orchestration market with a revenue of over USD 900 million in 2018. The high pace of transformation in manufacturing has enabled organizations to adopt process orchestration solutions to meet the smart individualized product demands. This solution helps in real-time optimization and orchestration of businesses and offers digital and physical processes within factories and throughout the value chain. It also complies with stringent regulations and aids in gaining higher visibility within the system and ultimately optimizing manufacturing processes.
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The Asia Pacific process orchestration market is projected to grow at the fastest rate with a CAGR of over 18% during the forecast period. The main factors contributing to market demand include the strategic government initiatives for the manufacturing sector, rapid globalization, and increasing demand for industrial automation. The increasing awareness among enterprises regarding the benefits of process orchestration, such as enhanced business planning and elimination of process redundancy, also acts as a major factor toward the rising market demand. Moreover, the increasing need for cost optimization with efficient use of IT infrastructures and resources is also anticipated to propel market growth in this region.
The leading players working in the process orchestration market include Cisco, HCL, IBM, Ayehu, BMC Software, Icaro Tech, Fujitsu, Dealflo, Cortex, CA Technologies, OpenText, Oracle, Software AG, Wipro, SAP, Newgen, and Micro Focus. The companies are entering into strategic acquisitions to expand their product offerings and gain a higher foothold in the competitive market.
Browse key industry insights spread across 290 pages with 428 market data tables & 28 figures & charts from the report, “Process Orchestration Market Size By Component (Solution, Service [Professional Service {Consulting, Support and Maintenance, Training and Education}, Managed Service]), By Business Function (Supply Chain Management (SCM) and Order Fulfillment, Finance and Accounting, Customer Service and Support, Human Resource Management(HRM)), By Deployment Model (On-Premise, Cloud), By Organization Size (Large Enterprises, SMEs), By Application (BFSI, Consumer Goods and Retail, Energy and Utilities, IT & Telecom, Healthcare, Manufacturing, Media & Entertainment, Transportation) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Switzerland, China, Japan, Australia and New Zealand [ANZ], South Korea, India, Singapore, Brazil, Mexico, Argentina, Colombia, South Africa, UAE, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/process-orchestration-market
Table of Contents (ToC) of the report:
Chapter 4. Process Orchestration Market – Competitive Landscape, 2017
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. CA Technologies
4.2.2. Cisco
4.2.3. IBM
4.2.4. Oracle
4.2.5. SAP
4.3. Competitive analysis of key innovation leaders
4.3.1. Ayehu
4.3.2. Cortex
4.3.3. Dealflo
4.3.4. Nipendo
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/process-orchestration-market
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