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AI Orchestration Market Poised to Reach New Heights, Projected to Surpass USD 6.9 Billion by 2030 | Revolutionizing Business Efficiency and Innovation Drives Unprecedented Growth
AI Orchestration Market Report
According to the latest report by SNS Insider, the AI Orchestration Market soared to a valuation of USD 6.9 billion in 2022. Projections indicate an upward trajectory, with the market expected to escalate to USD 35.22 billion by 2030, exhibiting a remarkable CAGR of 22.5% from 2023 to 2030.
Market Report Scope:
AI orchestration solutions are pivotal in operationalizing artificial intelligence, propelling scalability and growth for enterprises. These solutions leverage technologies like machine learning and AI to facilitate data preparation, model deployment, insight generation, and explanation. They introduce automated machine learning environments, democratizing AI across organizations without coding requirements. Moreover, these systems ensure transparency through explainable AI, visualize complex data, and unearth real-time insights, significantly enhancing decision analytics.
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Key Players:
The major key players in the AI Orchestration Market are IBM Corporation, Wipro Limited, Hewlett Packard Enterprise Company, Cisco Systems Inc., BMC Software Inc., General Electric Company, TIBCO Software Inc., Oracle Corporation, Capgemini Services SAS, Fujitsu Limited and other players.
Market Analysis:
The AI Orchestration Market is witnessing exponential growth, fueled by pervasive digital transformation and technological advancements like 5G. Workflow orchestration adoption across diverse sectors, including manufacturing, BFSI, healthcare, and retail, reflects the urgent need for digitization post-closures. This surge is driven by integration challenges, expanding IT budgets, and a technology-driven market landscape. With an increasing reliance on responsible AI, coupled with substantial investments in machine learning and AI technologies, the market is poised for continual expansion. Such trends emphasize the critical role AI orchestration plays in augmenting operational efficiency and innovation across industries, paving the way for unprecedented growth.
Segment Analysis:
In terms of organization size, small and medium-sized enterprises (SMEs) dominated the market in 2022, capitalizing on optimizing routine activities and outperforming competitors. The on-premise deployment mode held the largest market share in 2021 due to its data security advantages, yet cloud deployment is projected to witness substantial growth owing to its cost-effectiveness and easier maintenance. Among applications, Customer Service Orchestration leads the pack, addressing integration issues and ballooning IT budgets, driving market growth. In the realm of end-users, the healthcare industry stands out for streamlining patient processes and enhancing overall efficiency.
Market Segmentation and Sub-Segmentation Included Are:
By Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises
By Application:
• Workflow Orchestration
• Customer Service Orchestration
• Infrastructure Orchestration
• Manufacturing Orchestration
• Others
By Deployment Mode:
• On-Premise
• Cloud
By End-User:
• BFSI
• Healthcare
• Retail
• Manufacturing
• Government
• IT
• Telecom
• Others
Key Regional Development:
North America commands a significant share in the AI orchestration market due to the presence of major players, heightened adoption of AI/ML technologies in BFSI and healthcare for bolstering data security, and the pervasive trend of digital transformation. In Asia Pacific, government initiatives in 6G research, encouragement of innovation in AI, and increasing R&D activities are propelling market growth.
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Key Takeaways from the AI Orchestration Market Study:
• SMEs are leveraging AI orchestration to optimize operations and compete effectively.
• On-premise deployment offers robust data security, while cloud deployment gains momentum for its cost-effectiveness.
• Healthcare emerges as a prominent sector benefiting from AI orchestration, streamlining patient care and processes.
Recent Developments:
• In March 2022, Run: AI secured USD 75 million in a Series C round to enhance its AI infrastructure orchestration platform.
• Union.ai's USD 10 million funding in April 2022 aims to boost AI and ML workflow orchestration through Flyte's performance.
• August 2022 witnessed Reliance Industries partnering with Subex to develop HyperSense, an AI orchestration platform.
• Orchestral.ai's creation of the iBiio Platform in May 2021 signifies intent-based Intelligent Infrastructure Orchestration.
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Table of Contents:
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. AI orchestration Market Segmentation, by Organization Size
9. AI orchestration Market Segmentation, by Application
10. AI orchestration Market Segmentation, by Deployment
11. AI orchestration Market Segmentation, by End-User
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion
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Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
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About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.
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