Process Orchestration Market Scenario:

The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Process Orchestration Market. This MRFR report on the Process Orchestration Marketindicates 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 market 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 market. 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 market 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 market. 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 market. 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 market is expected to create a substantial revenue pocket during the assessment period.

The Asia pacific process orchestration market 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. 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

  1. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

  1. Market Landscape

Continued….

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