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Process Orchestration Market Poised to Hit $13.15 Billion by 2029 with Accelerating Growth Trends
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsProcess Orchestration Market Size Growth Forecast: What to Expect by 2025?
The market size for process orchestration has seen a significant increase in recent years. The market is expected to expand from $5.58 billion in 2024 to $6.75 billion in 2025, with a compound annual growth rate (CAGR) of 21.0%. The past growth in the market is associated with several factors such as the rise in enterprise resource planning (ERP) systems, the acceptance of service-oriented architecture (SOA), the development of business process management (bpm), the advent of cloud computing, and the augmenting complexity of IT environments.
How Will the Process Orchestration Market Size Evolve and Grow by 2029?
The market size for process orchestration is projected to experience speedy expansion in the coming years, reaching $13.15 billion by 2029 with a compound annual growth rate (CAGR) of 18.1%. The rise during the forecast period can be credited to the increasing relevance of cybersecurity orchestration, attention to customer journey orchestration, development of robotic process automation, persistent focus on digital transformation, and growth of IoT ecosystems. Key trends in the forecast period encompass concentration on explainable AI (XAI), event-driven architectures, more in-depth integration with robotic process automation, cross-platform and multi-cloud orchestration, as well as improved AI-driven decision making.
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What Drivers Are Propelling the Growth of Process Orchestration Market Forward?
The surge in the need for digital transformation is predicted to stimulate the expansion of the process orchestration market. Essentially altering how a business operates and offers value to its customers, digital transformation entails embedding digital technologies into every business aspect. Process orchestration serves as a vital element in digital transformation by facilitating an overall strategy to manage the harmonized and effective implementation of automation initiatives. It assists organizations in streamlining, automating, and enhancing their business operations, resulting in superior efficiencies and enriched customer experiences. For example, as per the International Data Corporation, a US-based advisory service provider, worldwide expenditure on digital transformation had touched $1.8 trillion by the end of 2022 and is anticipated to escalate to $2.8 trillion by 2025. Therefore, the upsurge in the need for digital transformation is triggering the expansion of the process orchestration market.
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Which Emerging Trends Are Transforming the Process Orchestration Market in 2025?
Major players in the process orchestration market are turning their attention on creating groundbreaking AI orchestration services, including workflow orchestration services, to keep pace with the mounting uptake of AI orchestration across multiple industries. Workflow orchestration services entail the employment of tools, platforms, or systems that autonomously oversee the organization, enactment, and surveillance of workflows or corporate processes. For example, in January 2024, Kyndryl Holdings, Inc., an IT service firm based in the US, introduced AI-powered workflow orchestration services to industrialize business procedures. This AI-based workflow orchestration utilizes artificial intelligence to boost efficiency, productivity, and user experience within the digital workspace. Moreover, it incorporates features like a user-centric interface, simplified intricate processes, real-time visibility, access control, encryption, and usage. This solution employs workflow capacities and AI automation to diminish complexity, decrease cycle time, and amplify ROI (Return on Investment) by cutting down on training and development costs.
What Are the Key Segments in the Process Orchestration Market?
The process orchestration market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Vertical: Banking Financial Services, And Insurance, Manufacturing, Healthcare, Information Technology And Telecommunications, Retail, Energy And Utilities, Transportation, Other Verticals
Subsegments:
1) By Software: On-Premises Software, Cloud-Based Software, Hybrid Software
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services
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Who Are the Key Players Shaping the Process Orchestration Market's Competitive Landscape?
Major companies operating in the process orchestration market are International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Broadcom Inc., SAP SE, Fujitsu Limited, HCL Technologies Limited, Wipro Limited, ServiceNow Inc., Arvato AG, Open Text Corporation, Micro Focus International plc, BMC Software Inc., Software AG, TIBCO Software Inc., EQ Technologic India Private Limited, Cherwell Software LLC, Axios Systems PLC, Icaro Tech Tecnologia e Informação Ltda., Data Ductus AB, Cortex Business Solutions Inc., Everteam SAS, FlowForma Limited, Nipendo Ltd., Intellyx Corp., Dealflo Limited, Newgen Software Technologies Limited
What Geographic Markets Are Powering Growth in the Process Orchestration Market?
North America was the largest region in the process orchestration market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the process orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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