Workflow Orchestration Market Forecast To Reach USD 81.66 Billion By 2026 | Top key Players IBM, Microsoft, Oracle, Cisco Systems, CA Technologies

The global Workflow Orchestration Market is forecast to reach USD 81.66 Billion by 2026, according to a new report by Reports and Data. Orchestration occurs when IT organizations aim at automating several interrelated operations for supporting a single outcome. It is a complex process that requires effective coordination and planning between IT officers. The workflow orchestration market is forecasted to witness a considerable growth rate during the forecast period. Primary factors contributing to the growth of the market are increasing demand for streamlining business processes, initiatives of digital transformation in different end-user industries and effectiveness of workflow orchestration in enhancing business productivity.

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Companies considered and profiled in this market study

IBM, Microsoft, Oracle, Cisco Systems, CA Technologies, Bmc Software, Arvato AG, Ayehu Software Technologies, Dalet S.A. and Servicenow

The continuous emphasis among end-user industries, to achieve a competitive lead, has increased the acceptance and deployment of workflow orchestration solutions, which propels the growth of the market.

In addition to the specified factors, various benefits associated with workflow orchestration also results in boosting the growth of the market. Mentionable advantages in this context are minimized organizational errors and enhanced operational speed. With the help of incorporation of workflow orchestration, routine tasks can be automated, that results in reducing the number of errors and improve the efficiency of IT staffs. The presence of these benefits results in increased demand for workflow orchestration among end-user industries, which positively affects the growth of the market. The continuous emphasis among end-users to launch new products also helps in market expansion. One of such launch is Azure Automation services, which was launched by Microsoft, a key player of the market. Under this new launch, orchestration, integration, and automation for the organizational environment become much effective and easy.

In regards to region, Europe holds the second-largest market share in the workflow orchestration market. The market dominance of the region is the result of the presence of eminent professional software firms and information system providers in this region.

For the purpose of this report, Reports and Data have segmented the global workflow orchestration market according to Type, Solutions, Organization Size, End-users, and Region:

Type Outlook (Revenue, USD Billion; 2020-2026)
1. Business Process Orchestration
2. Cloud Orchestration
3. Network Management
4. Data Center Orchestration
5. Security Orchestration

Solutions Type Outlook (Revenue, USD Billion; 2020-2026)
1. Visual interface
2. Scale and performance
3. Connectivity and integration
4. Pre-built content
5. Process automation

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Organization size Type Outlook (Revenue, USD Billion; 2020-2026)
1. Large Enterprises
2. Small and Medium-Sized Enterprises

End-users Type Outlook (Revenue, USD Billion; 2020-2026)
1. Banking, Financial Services, and Insurance [BFSI]
2. IT & Telecommunication
3. E-Commerce, Consumer &Retail Goods
4. Media & Entertainment
5. Manufacturing & Automotive
6. Public Sector
7. Healthcare & Pharmaceutical
8. Travel & Hospitality
9. Others

Regional Outlook (Revenue, USD Million; 2020-2026)
1. North America
2. Europe
3. Asia Pacific
4. MEA
5. Latin America

Further key findings from the report suggest

1. Workflow orchestration market held a market share of USD 15.89 Billion in the year 2018, with a growth rate of 23.9% during the forecast period.

2. In the context of the Type, the Cloud Orchestration segment generated the highest revenue of USD 5.56 Billion in 2018 with a CAGR of 24.3% during the forecast period. Various advantages associated with Cloud Orchestration like enhanced organizational performance, minimized business downtime, increased organizational productivity, and reduced operational cost results in its increased preference. Increased preference and the rising popularity of Cloud orchestration among end-user industries are contributing to the segment's generated revenue.

3. In regards to Solutions, the Connectivity and integration segment dominates the market, yielding the highest revenue of USD 6.20 Billion in 2018 with a CAGR of 24.3% during the forecast period. Extensive application of workflow orchestration solutions for connecting applications and systems across different organizational departments results in a high deployment rate of Connectivity and integration solutions. Thus, high deployment rate of Connectivity and integration solutions contributes to the generated revenue of this segment.

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Key selling points of this research study

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2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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