Process Orchestration Market Size Share & Industry Forecast 2024-2031

Market Overview :

As businesses undergo digital transformation and they are seeking to automate and integrate their processes for improved efficiency, accuracy and agility. Process orchestration enables the seamless connection of various digital tools, systems and applications. Organizations are dealing with increasingly complex processes that involve multiple systems, data sources, and stakeholders.

Process orchestration facilitates the integration of IoT devices and helps to manage the flow of data for effective decision-making systems. With the technology advancement cloud computing businesses are utilizing various cloud services and platforms. It automates customer-facing processes, which results in quicker response time and leads to improved customer satisfaction.

Asia-Pacific is among the growing regions in the global process orchestration market covering around 1/4th of the market. The region undergoing rapid digital transformation across various industries. Organizations are adopting new technologies, automating processes and integrating systems to improve efficiency and customer experiences. Process orchestration solutions play a crucial role in streamlining these complex digital workflows.

Market Trends :

Growing Demand for Digital Transformation

Businesses are seeking ways to improve operational efficiency by automating manual and repetitive tasks. Process orchestration leads to allows organizations to create seamless workflows and automate complex processes, reducing errors, minimizing delays and enhancing overall efficiency. Digital transformation often involves the adoption of emerging technologies such as artificial intelligence, machine learning, the Internet of Things and blockchain.

For instance, on 17 August 2023, EvoluteIQ introduced its latest platform release, EIQ 6.0, aimed at enhancing intelligent business automation for global enterprises. The new release focuses on enhancing generative artificial intelligence (AI) capabilities through its GenIQ feature, providing a comprehensive AI framework with GenAI integration, this integration aims to improve functionality and facilitate more efficient automation solutions.

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Market Segmentation :

The global process orchestration market is segmented based component, business function, organization size, deployment, end-user and region.Reducing Manual Intervention Solutions Boosts the Market

Process orchestration solutions automate and streamline complex business processes, reducing manual intervention and increasing efficiency. Organizations are adopting these solutions to optimize their workflows, minimize errors and improve overall operational efficiency. As organizations undergo digital transformation initiatives, they are adopting new technologies and systems. Process orchestration solutions help integrate these disparate technologies and systems, ensuring seamless data flow and communication across the organization.

For instance, on 30 August 2023, VMware Inc. introduced new capabilities, solutions and services aimed at accelerating digital transformation at the edge. Enterprises and service providers are increasingly focusing on edge computing for their digital transformation efforts. Traditional edge deployments involve proprietary hardware and software integrations, but a shift is occurring towards a software-defined edge that is intelligent, programmable and scalable.

VMware Edge Cloud Orchestrator, previously known as VMware SASE Orchestrator, this solution provides unified management for VMware SASE and VMware Edge Compute Stack, bridging the gap between edge networking and edge computing.

Geographical Share :

Interdependent Business Process in North America

North America is among the growing regions in the global process orchestration market holding more than 1/3rd of the market in 2022. The region organizations have complex and interdependent business processes that span multiple departments, systems and partners. Process orchestration helps streamline and coordinate these processes for improved efficiency and collaboration. The region is home to extensive supply chains.

For instance, on 29 August 2023, The O-RAN ALLIANCE, an organization focused on transforming Radio Access Networks to be open, intelligent, virtualized and interoperable, announced the approval of four new Open Testing and Integration Centers in North America, these OTIC supports end-to-end Open RAN testing in lab and field scenarios.

It has developed a Testing Orchestration and Testing Automation framework for streamlined testing capabilities. The OTIC offers interoperability and end-to-end testing, badging and certification and various Open RAN related services.

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Competitive Landscape

The major global players in the market include SAP SE, HCL Technologies Ltd., TIBCO Software Inc., Software AG, Oracle Corporation, Fujitsu Limited, Cisco Systems Inc, International Business Machines Corporation, Dealflo and Data Ductus.

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