Process orchestration is the platform, which allows the orchestration of several business activities among individuals, processes, and systems and is used for developing custom workflow operations. It provides a platform, which supports both IT and business experts to work together and monitor business process applications and safely exchanging the information. This platform helps businesses to effectively serve the business processes. In addition, it is well-known to push forward the efficiency of business operations. The selection of such platforms has reduced manufacturing costs and helped to enhance the value chain and the whole operations of an organization. Business process orchestration is the method of controlling the business process with the help of web-based services. This process assists in developing future of business process management and has the capability to change the way of business and information technology interaction. Business process orchestration is described as business process, workflow, or instrumentation of services. It outlines the company's internal control flow framework and provides detailed information about the limitations and occurrence process.
The increase in adoption of business process automation technologies by businesses to improve efficiency, quality of business operations, and interactions with other companies and customers, as they involve in e-business transactions are some factors driving the growth of process orchestration market. In addition, the rise in deployment of sufficient business solutions by organizations to reduce operational costs and efficiently utilize their IT resources drives the market growth. However, lack of knowledge among users, misunderstanding around business process orchestration, and rise in regulations & compliance requirements are expected to hamper the growth of the market. Furthermore, the integration of latest technology such as artificial intelligence and improved IT methods to meet customer’s dynamic requirements are expected to provide lucrative opportunities to the process orchestration market.
The process orchestration market is segmented on the basis of component, organization size, deployment, industry vertical, and region. On the basis of component, the market is segmented into software and services. According to the organization size, it is fragmented into large enterprises and SME’s. On the basis of deployment, the market is segmented into cloud and on-premise. Depending on industry vertical, it is segregated into BFSI, manufacturing, healthcare and pharmaceuticals, IT & telecommunications, retail and consumer goods, government & defense, energy & utilities, transportation & logistics and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are BMC Software, Inc., CA Technologies, Cisco Systems, Inc., HCL Technologies Limited, Micro Focus, Oracle Corporation, SAP SE, ServiceNow, Inc., and TIBCO Software, Inc.
The increase in adoption of business process automation technologies by businesses to improve efficiency, quality of business operations, and interactions with other companies and customers, as they involve in e-business transactions are some factors driving the growth of process orchestration market. In addition, the rise in deployment of sufficient business solutions by organizations to reduce operational costs and efficiently utilize their IT resources drives the market growth. However, lack of knowledge among users, misunderstanding around business process orchestration, and rise in regulations & compliance requirements are expected to hamper the growth of the market. Furthermore, the integration of latest technology such as artificial intelligence and improved IT methods to meet customer’s dynamic requirements are expected to provide lucrative opportunities to the process orchestration market.
The process orchestration market is segmented on the basis of component, organization size, deployment, industry vertical, and region. On the basis of component, the market is segmented into software and services. According to the organization size, it is fragmented into large enterprises and SME’s. On the basis of deployment, the market is segmented into cloud and on-premise. Depending on industry vertical, it is segregated into BFSI, manufacturing, healthcare and pharmaceuticals, IT & telecommunications, retail and consumer goods, government & defense, energy & utilities, transportation & logistics and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are BMC Software, Inc., CA Technologies, Cisco Systems, Inc., HCL Technologies Limited, Micro Focus, Oracle Corporation, SAP SE, ServiceNow, Inc., and TIBCO Software, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the Process Orchestration market along with current trends and future estimations to elucidate imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of Process Orchestration market for the period 2021-2031 is provided to determine the market potential.
Key Market Segments
By Industry Vertical
- Government and Defense
- Energy and utilities
- Transportation and Logistics
- Others
- BFSI
- Manufacturing
- Healthcare and Pharmaceuticals
- IT and Telecommunications
- Retail and consumer goods
By Component
- Software
- Services
By Deployment Model
- On-Premises
- Cloud
By Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
By Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- SAP SE
- International Business Machines Corporation
- Oracle Corporatio
- Computer Associates International Inc
- Cisco Systems Inc
- Fujitsu Limited
- TIBCO Software Inc.
- Software AG
- HCL Technologies Ltd.
- Wipro Limited.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PROCESS ORCHESTRATION MARKET, BY COMPONENT
CHAPTER 5: PROCESS ORCHESTRATION MARKET, BY DEPLOYMENT MODEL
CHAPTER 6: PROCESS ORCHESTRATION MARKET, BY ENTERPRISE SIZE
CHAPTER 7: PROCESS ORCHESTRATION MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: PROCESS ORCHESTRATION MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Process Orchestration Market," the process orchestration market was valued at $4.4 billion in 2021, and is estimated to reach $22.9 billion by 2031, growing at a CAGR of 18.4% from 2022 to 2031.Process orchestration is the platform, which allows the orchestration of several business activities among individuals, processes, and systems and is used for developing custom workflow operations. It provides a platform, which supports both IT and business experts to work together and monitor business process applications and safely exchanging the information. This platform helps businesses to effectively serve the business processes. In addition, it is well-known to push forward the efficiency of business operations. The selection of such platforms has reduced manufacturing costs and helped to enhance the value chain and the whole operations of an organization.
The increase in adoption of business process automation technologies by businesses to improve efficiency, quality of business operations, and interactions with other companies and customers, as they involve in e-business transactions are some factors driving the Process Orchestration Market Growth.
In 2021, On the basis of component, the software segment dominated the market, and is expected to maintain its dominance in the upcoming years. The process orchestration software helps to standardize, consolidate and automate best practices for business processes in complex environments. However, the service segment registered highest growth rate during forecasted period. The services related to the process orchestration provides services for orchestration technology for various strategies and these strategies will ensure smooth running and troubleshooting of the any glitches within the solutions. These services associated cloud orchestration technologies help in gaining knowledge of technologies, which are driving the expansion of the market.
By deployment model, the on-premise segment dominated growth of the Process Orchestration market in 2021, and is expected to maintain its dominance in the upcoming years. On-premise-based solutions are known for better maintenance of servers and continuous system facilitates implementation of Process Orchestration solutions. However, the cloud segment is expected to witness highest growth rate during the forecast period. Cloud-based Process Orchestration software has low capital expenditure as well as low maintenance requirements and is, therefore, highly preferred by mid-sized financial institutions. Growth in adoption of cloud based software among large and medium-sized enterprises further fuels growth of the market.
The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The pandemic has prompted every company and business to shift their business operations toward a remote work environment. As a result of the dire situation, companies began to implement process orchestration tools for better efficiency and improved business agility.
Moreover, during the COVID due to WFH policies the demand for cloud-based solutions and the SaaS-based model increased significantly. This has positively impacted the market growth. Incidentally, during the pandemic, process orchestration and automation helped eliminate the dependency on staff availability, thus supporting both remote working and ensuring business resilience.
Key Findings of the Study
- By component, in 2021 the software segment dominated the Process Orchestration market size.
- Depending on deployment, the on-premise generated the highest revenue in 2021 of Process Orchestration market share. However, cloud segment is expected to exhibit significant growth during the forecast period.
- Region wise, the Process Orchestration industry was dominated by North America region in 2021. However, Asia-Pacific is expected to witness significant growth in the forecasted period.
- Some of the key Process Orchestration industry players profiled in the report include BMC Software, Inc., CA Technologies, Cisco Systems, Inc., HCL Technologies Limited, Micro Focus, Oracle Corporation, SAP SE, ServiceNow, Inc., and TIBCO Software, Inc. This study includes market trends, Process Orchestration market analysis, and future estimations to determine the imminent investment pockets.
Companies Mentioned
- Sap Se
- International Business Machines Corporation
- Oracle Corporatio
- Computer Associates International Inc
- Cisco Systems Inc
- Fujitsu Limited
- Tibco Software Inc.
- Software AG
- Hcl Technologies Ltd.
- Wipro Limited.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
