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Business Process Orchestration Market - Technological breakthroughs, Value chain and stakeholder analysis by 2026
Business process orchestration is the act of stipulating actions within business processes via web services. This process helps in developing future of business process management (BPM), and within it lies the capability to change the way of business and information technology (IT) interaction. It also defines the internal behavior of a business process.Business process orchestration is referred as business process, workflow, or orchestration of services. It describes the internal control flow structure and provides details on the execution constraints of activities and occurrences of events of a process. Resource and data information can also be depicted in business process orchestrations.
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Business process orchestration helps empower enterprises and to efficiently plan their business processes. It also helps improve operational efficiency and streamline business processes, which enable companies to utilize their IT systems for cater to their customers' dynamic requirements. The business process orchestration market is projected to expand, owing to the rise in deployment of adequate business solutions by organizations to reduce operational costs and effectively utilize their IT resources.
Increase in adoption of business process automation technologies by enterprises to improve efficiency, quality of internal operations, and interactions with other enterprises and customers, as they engage in e-business transactions are some factors driving the market during the forecast period. However, misconception around business process orchestration and rise in regulations & compliance requirements are expected to hinder the market during the forecast period.
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The global business process orchestration market can be segmented based on component, deployment model, enterprise size, vertical, business function, and region. In terms of component, the business process orchestration market can be bifurcated into software/platform and services (managed services and professional services).
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