Global Process Orchestration Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The worldwide Process Orchestration Market size is likely to increase from USD 3.45 billion in 2017. It is due to the increase in the need for streamlining business process, process orchestration solutions are gaining popularity in different businesses. The estimated valuation for the process orchestration market is USD 8.60 billion by 2023. The process orchestration market 2020 is expected to grow rapidly due to the increase in awareness of business process optimization. Market Research Future (MRFR), reveals in its current “Process Orchestration Market” report that owing to the need for upgraded IT solutions, the market can expand at 16.8% CAGR of during the review period.
MRFR identified some significant process orchestration solution developers. They are-
IBM Corporation (US), SAP SE (Germany), CA Technologies (US), Oracle Corporation (US), Cisco Systems Inc (US), ServiceNow Inc (US), Fujitsu Ltd (Japan), BMC Software Inc (US), Newgen Software Technologies Limited (US), OpenText Corporation (Canada), HCL Technologies Limited (India), Software AG (Germany), Micro Focus International PLC (UK). Wipro (India), Ayehu Software Technologies Ltd (US), Arvato AG (Germany), Cortex Ltd (England), Micro Focus International PLC (UK), PMG.net (US), eQ Technologic (US), and others. The global process orchestration market 2020 is likely to experience a surge, the due launch of innovations by different key players.
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- Business Process Management (BPM) Vendors
- Consulting Service Providers
- Research Organizations
- Enterprise Users
- Technology Providers
- Value-Added Resellers (VARs)
- Cloud Service Providers
- Government Organizations
- Communications Service Providers (CSPs)
- Third-party Knowledge Providers
- Investment Bankers
The segmental study of the process orchestration market is done based on component, function, organization size, deployment, and industry.
The function-based segments of the process orchestration market are human resource management, supply chain management & order fulfilment marketing, customer service and support, and finance and accounting.
The component-based segments of the market are service and solution. The deployment-based segments of the market are on-premise and cloud. The organization size-based segment of the market comprises large enterprise and small and medium-sized enterprises. The need for seamless running of complex procedures in large scale industries is expected to spur the market growth. The growing adoption of process orchestration solutions across SMEs is expected to improve the health of the market.
BFSI, consumer goods, telecom and IT, retail, manufacturing, media and entertainment, energy and utilities, transportation and logistics, and others are industry-based segments of the market. The growing need for process orchestration solutions across the transport and logistics industry due to increase in activities is likely to generate high growth scope for the expansion of the global market of process orchestration. The steady rate of adoption of process orchestration solutions by other sectors are adding momentum to the market.
The trend of early adoption of sophisticated technologies by enterprises to maximize their productivity is expected to cause the market in North America to hold the pole position. As per the latest study on the global market of process orchestration by MRFR, it reveals that the market in North America, led by the US, is expected to lead with the highest CAGR in the evaluation period. The presence of numerous IT companies those are actively using process orchestration solutions is expected to add to the momentum of the regional market. In Europe, the market is likely to experience an expeditious growth due to the presence of numerous developers. Key players in the region are focusing on the disposal of innovations that hold high business efficacy and are cost-effective. Thus, the EU process orchestration market is expected to generate substantial turnover in the review period. The rapid expansion of the IT sector is likely to make the APAC process orchestration market surge. Other factors, such as digitalization and growing deployment of cloud services are likely to influence the market in years to come.
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TABLE OF CONTENTS
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat Of New Entrants
4.1.2. Bargaining Power Of Buyers
4.1.3. Threat Of Substitutes
4.1.5. Bargaining Power Of Suppliers
4.2. Value Chain/Supply Chain Of Global Process Orchestration Market
5. Market Overview Of Global Process Orchestration Market
5.2. Growth Drivers
5.3. Impact Analysis
5.4. Market Challenges
6. Market Trends
6.2. Growth Trends
6.3. Impact Analysis
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