Process Orchestration Market Analysis Focusing on Top Key Players – Cisco, HCL, IBM, Ayehu, BMC Software, Icaro Tech, Fujitsu, Dealflo, Cortex, CA Technologies, OpenText, Oracle, Software AG, Wipro, SAP, Newgen, and Micro Focus
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.
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Process orchestration solutions assist in creating streamlined processes by implementing, integrating, and monitoring custom process applications. It improves the process flexibility and speed by creating custom process applications, which will enhance the business agility. The solution also offers greater visibility into the business functioning to understand the business processes in a better manner, monitoring employees, and achieving optimal performance, driving the market demand.
The demand for Global Process Orchestration Market size is anticipated to be high for the next five years. By considering this demand we provide latest Global Process Orchestration Market size Report which gives complete industry analysis, Market size outlook, size, growth and forecast till 2025. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.
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.
Process Orchestration Market is projected to surpass USD 9 billion by 2025. Factors such as increasing importance of digitalization, the changing technological landscape, the rising requirement for optimizing business processes, and the growing demand for enhancing business agility are driving the market demand. Furthermore, the increasing integration of advanced technologies such as AI, machine learning, and automation with process orchestration solutions has accelerated market demand.
The enterprises having a small employee base and operational capacity still rely on traditional measures without spending additional funds to implement the advanced orchestration solutions, acting as a major challenge in the process orchestration market. Compatibility issues with the prevailing business applications and the stringent compliance and regulatory requirements also act as market barriers.
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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 large enterprises are projected to hold a large market share in the process orchestration market as they are increasing their IT budgets to adopt advanced technologies and solutions, driving the market growth. The solutions assist in improving teamwork across large enterprises and increase process speed, efficiency, and productivity of employees, contributing to their market dominance.
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.
Asia Pacific is growing at the fastest rate in the process orchestration market. The rapid economic development, growing government initiatives for bringing about digitalization, and growth in the number of SMEs supporting digital transformation are the major factors driving the market growth in this region. China dominates the Asia Pacific market, which is majorly attributed to the rise in the demand for cloud-based solutions and the expansion of data center ecosystem. The companies operating in this country are also making huge investments in AI technology, with a positive impact on market growth.
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.6. Methodology and forecast parameters
1.2. Data Sources
22.214.171.124. Paid sources
126.96.36.199. Public sources
Chapter 2. Executive Summary
2.1. Process orchestration industry 360 degree synopsis, 2014- 2025
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Component trends
188.8.131.52. Solution trends
184.108.40.206. Service trendsQ
2.1.4. Business function trends
2.1.5. Deployment model trends
2.1.6. Organization size trends
2.1.7. Application trends
Chapter 3. Process Orchestration Industry Insights
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Process orchestration ecosystem analysis
3.4.1. Process orchestration solution providers
3.4.2. Process orchestration service providers
3.4.3. System integrators
3.4.4. Value-Added Resellers (VARs) and distributors
3.4.5. End users
3.5. Process orchestration evolution
3.6. Technology & innovation landscape
3.6.1. AI and machine learning
3.7. Regulatory landscape
3.7.1. 1. Gramm-Leach-Billey Act of 1999, U.S.
3.7.2. 2. Personally Identifiable Information (PII) Protection Controls of ISO/IEC 27018
3.7.3. 3. Health Insurance Portability and Accountability Act (HIPAA)
3.7.4. 4. Payment Card Industry Data Security Standard (PCI DSS)
3.7.5. 5. The Sarbanes-Oxley Act of 2022
3.7.6. 6. Network and Information Security (NIS) Directive, Europe
3.8. Industry impact forces
3.8.1. Growth drivers
220.127.116.11. Growing demand for digital transformation to optimize business processes
18.104.22.168. Rising demand for optimum resource utilization
22.214.171.124. Increasing adoption by small and medium enterprises
126.96.36.199. Improved business agility and faster time to market
188.8.131.52. Integration of AI in process orchestration
3.8.2. Industry Pitfalls and Challenges
184.108.40.206. Lack of knowledge among end-users
220.127.116.11. Resistance to organization cultural change
3.9. Porter's Analysis
3.9.1. Threat of new entrants
3.9.2. Threat of substitutes
3.9.3. Bargaining power of buyer
3.9.4. Bargaining power of supplier
3.9.5. Industry rivalry
3.10. PESTEL analysis
3.11. Growth potential analysis
Chapter 4. Competitive Landscape, 2017
4.2. Competitive analysis of key market players
4.2.1. CA Technologies
4.3. Competitive analysis of key innovation leaders
Chapter 5. Process Orchestration Market, By Component
5.1. Key trends, by component
5.2.1. Market estimates and forecast, 2014-2025
5.3.1. Market estimates and forecast, 2014-2025
5.3.2. Professional Service
18.104.22.168. Market estimates and forecast, 2014-2025
22.214.171.124.1. Market estimates and forecast, 2014-2025
126.96.36.199. Training and education
188.8.131.52.1. Market estimates and forecast, 2014-2025
184.108.40.206. Support and maintenance
220.127.116.11.1. Market estimates and forecast, 2014-2025
5.3.3. Managed Service
18.104.22.168. Market estimates and forecast, 2014-2025
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