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AI Orchestration Market Value to Gain USD 35.2 Billion in 2031
AI Orchestration Market
Globally, enterprises continually invest in AI, but very few manage to derive true value from their investments. AI orchestration helps enterprises overcome the challenges in AI adoption. A unified data analytics and AI orchestration platform designed to scale and accelerate enterprise-wide AI adoption. Such factors drive the AI orchestration market forecast. Furthermore, growing demand to improve operational efficiency and increasing digital dependence and implementation of industry 4.0 trends are expected to offer remunerative opportunities for expansion of the AI orchestration market during the forecast period.
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Depending on the component, the solution segment dominated the AI orchestration market size in 2021 and is expected to continue this trend during the forecast period. Owing to advances in technologies enabling orchestration to transform industries worldwide, from financial services, to manufacturing, healthcare, and many others, drive the growth of the market. However, the services segment has the highest growth market share in the upcoming year. The adoption of AI orchestration services allows businesses to improve workflows, increase efficiency, and lower expenses all at the same time. In addition, it is used to minimize errors in management, automate monotonous operations, minimize time and money, improve efficiency, and create actionable insights.
Region-wise, North America dominated the market share in 2021 for the AI orchestration market. Adoption of AI orchestration growing steadily to meet increasing demands from today's businesses to enhance their business process and improve the customer experience will provide lucrative opportunities for the market in this region. However, Asia-Pacific is expected to exhibit highest growth during the forecast period. This is attributed to increase in penetration of advanced technology such as AI, big data and IoT, and higher adoption of cloud-based solution and services, are particularly fueling regional market growth.
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The COVID-19 outbreak moderately impacts the growth of the AI orchestration industry. This is attributed to significant investment in advanced technologies such as IoT, cloud technology, big data, artificial intelligence, and machine learning across the globe. In addition, various companies are seeking for cost-effective solutions to boost their productivity to attract consumers toward digitalization to increase their financial benefits.
Furthermore, the pandemic brought big challenges in the manufacturing sector from supply chain disruptions and drop in workforce availability to raw material shortages. Thus, manufacturers had to rely on the power of their data and analytics to stay competitive and innovate ahead. Such factors prompted the demand for AI orchestration solutions in the manufacturing sector. Furthermore, healthcare organizations are anticipated to rev up AI orchestration adoption to bolster quality, efficiency, and resourcing. AI orchestration has received impetus for easy configuration of workflow to boost the deployment of AI-based and non-AI-based clinical applications and minimize repetitive workload.
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The healthcare sector will exhibit profound demand for orchestration tools to execute automated ML workflow seamlessly. The cost-saving and efficiency attributes of AI in clinical decision support, diagnostic imaging, and precision medicine will foster the penetration of the orchestration of AI. With the need for AI solutions gaining hold in the healthcare settings, emphasis on orchestration will optimize the management of the data flow, which is expected to provide lucrative growth opportunities for the AI orchestration market in the upcoming years.
The key players that operate in the AI orchestration market analysis are BMC Software, Inc., Capgemini Services SAS, Cisco Systems, Inc., Fujitsu Limited, General Electric Company, Hewlett Packard Enterprise Company, IBM Corporation, Oracle Corporation, TIBCO Software Inc., and Wipro Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the AI orchestration industry.
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