Workflow Orchestration Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2026

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. 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.

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The global Workflow Orchestration market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028. The report uses advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and further corroborated from industry experts, professionals, and research analysts. The report covers a complete analysis of the Workflow Orchestration industry and offers the reader a competitive advantage to stay ahead of the other players.

Further key findings from the report suggest

• 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.
• 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.
• 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.
• In context to Organization size, the large enterprises segment dominates the market occupying a larger market share of 78.0% in 2018, with a growth rate of 15.7% during the forecast period. The market dominance of this segment is the result of extensive workflow, complex business processes in this type of enterprise and the associated need for streamlining the business processes for enhancing the functioning of this enterprise. The need for streamlining business processes in this type of enterprise results in high demand and deployment of workflow orchestration that contributes to the segment's market share.
• In regards to End-users, the IT & Telecommunication segment occupied the largest market share of 20.0% in 2018, with the fastest CAGR of 24.8% during the forecast period. The market share held by the IT & telecommunication segment is the result of high deployment rate of cloud-based business support systems, elevated emphasis on enhancing customer services and minimizing manual workload in the IT & Telecommunication industry. The increasing preference for reducing manual workload and improving customer service in the IT & Telecommunication sector has resulted in rapid incorporation of workflow orchestration that contributes to the segment's market share and growth rate.
• In regards to region, Asia Pacific is forecasted to witness the fastest growth rate of 26.4% during the forecast period. Factors like increasing digital transformation, and rising need for high data volume processing contributes to the growth of the market in this region.
• Key participants include IBM, Microsoft, Oracle, Cisco Systems, CA Technologies, Bmc Software, Arvato AG, Ayehu Software Technologies, Dalet S.A., and ServiceNow.

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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.

Regional analysis covers:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America(Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Workflow Orchestration Market Segmentation:

Type Outlook (Revenue, USD Billion; 2020-2026)
• Business Process Orchestration
• Cloud Orchestration
• Network Management
• Data Center Orchestration
• Security Orchestration

Solutions Type Outlook (Revenue, USD Billion; 2020-2026)
• Visual interface
• Scale and performance
• Connectivity and integration
• Pre-built content
• Process automation

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

End-users Type Outlook (Revenue, USD Billion; 2020-2026)
• Banking, Financial Services, and Insurance [BFSI]
• IT & Telecommunication
• E-Commerce, Consumer &Retail Goods
• Media & Entertainment
• Manufacturing & Automotive
• Public Sector
• Healthcare & Pharmaceutical
• Travel & Hospitality
• Others

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