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Cloud Orchestration Market- Rising adoption of DevOps-driven hybrid and multi cloud management software
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Persistence Market Research’s new report on the global market for cloud orchestration reveals that owing to higher adoption of SaaS management solutions, the market will reach a value of US$ 20.7 Bn and reflect a robust expansion at 14.6% CAGR by the end of 2025. The report also reveals that global cloud orchestration market is anticipated to bring in close to US$ 7 Bn revenues by the end of 2017. During this decadal forecast period, increasing adoption of hybrid cloud models in financial institutions and transition of global enterprise infrastructure from dedicated servers to cloud networks will collectively be observed as a substantial driving force for the growth of global cloud orchestration market.
Global Cloud Orchestration Market – Key Trends
According to the report, the global demand for cloud orchestration is expected to witness promising growth on the account of trends such as –
growing reliance of companies on cloud-based solutions
global banking sector witnessing a surge in adoption of cloud migration services
rising demand for cloud resiliency services
Nevertheless, there are a few threats predicted in the report that can hold down the growth of global adoption of cloud orchestration solutions. The biggest challenge that can restrain the market’s growth to a considerable extent is rising incidents of cyberattacks associated with cloud-based business networks. Cybersecurity forces spanned across the globe are striving to tackle the brimming attacks on cloud-enabled devices & networks. This has hurt the interests of investors and also demoted the adoption of any cloud-based solutions. Another critical hindrance for growth of global cloud orchestration market is sheer incompatibility of existing IT infrastructure in facilitating large businesses. Unsuited IT environment is causing trouble for enterprise that are migrating sensitive & valuable data through cloud networks.
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In 2017 and beyond, North America is expected to remain the largest market for cloud orchestration. Throughout the forecast period, revenues amassed from sales of cloud orchestration solutions in the US and Canada will soar at 10.2% CAGR.
Demand for cloud orchestration solutions in cloud service management applications is anticipated to gain traction. In 2017, nearly one-third of global cloud orchestration revenues will be accounted by cloud service management applications, rendering them lucrative for future of cloud orchestration businesses.
On-premise deployment of cloud orchestration is also gaining traction. Through 2025, global revenues amassed from on-premise deployment of cloud orchestration will gain momentum, registering a CAGR of 13.6%.
The report also reveals that the global market will witness higher adoption in public environments. Over the forecast period, cloud orchestration solutions employed in public operating environments will record speedy growth in terms of revenues, reflecting a 15.8% CAGR.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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