Press release
Process Orchestration Market Explore Future Growth With Top Players - Cisco, HCL, IBM, Ayehu, BMC Software, Icaro Tech, Fujitsu, Dealflo, Cortex, CA Technologies, OpenText, Oracle
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.
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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 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.
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 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 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 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.
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.
Table of content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Process Orchestration Industry Insights
Chapter 4. Competitive Landscape, 2017
Chapter 5. Process Orchestration Market, By Component
Chapter 6. Process Orchestration Market, By Business Function
Chapter 7. Process Orchestration Market, By Deployment Model
Chapter 8. Process Orchestration Market, By Organization Size
Chapter 9. Process Orchestration Market, By Application
Chapter 10. Process orchestration Market, By Region
Chapter 11. Company Profiles
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Related Report:
Global Process Orchestration Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
Process Orchestration is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An Process Orchestration sheet is a functional material used as an iron core material for electrical equipment. There are two types of Process Orchestration sheet: grain-oriented Process Orchestration sheet and non-oriented Process Orchestration sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively.
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