Process Orchestration Market

Posted by Mayuri Kathade. on September 2nd, 2019

Process Orchestration Market is expected to reach US$ 12.7 Bn by 2026 from US$ 3.87 Bn 2017 at a CAGR of 14.12%.Global Process Orchestration MarketProcess Orchestration Market is segmented by component, business function, deployment mode, organization size, industry vertical, and region. The component segment is divided into services and solutions. Among services, the professional services segment is likely to reach the highest CAGR during forecast period, as it includes training and education, support and maintenance and consulting. The professional services also include planning, designing, upgrading, and a host of other consulting services, which are offered to clients.

Deployment segment is categorized into on-premises and cloud. Cloud deployment is expected to achieve the highest CAGR and hold largest share of market during forecast period. It offers the agility of on-demand resource consumption and deployment. It offers ease of access as well as reduced operational and capital expenses, due to this; cloud deployment model is preferred by organizations.

Industry vertical is classified into BFSI, telecom and IT, consumer goods and retail, media and entertainment, manufacturing, transportation and logistics, energy and utilities, and others (government, healthcare, education, and travel and hospitality). Among these industry verticals, the manufacturing industry vertical is expected to hold larger market size during the forecast period, while Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to reach at the highest CAGR during the forecast period.

Process Orchestration is the mean by which a process is monitored, managed and executed throughout its lifecycle. The best practices to achieve process orchestration include- the open source JBoss BPM Suite and leading Pega. Process Orchestration capability is based on foundational capabilities, such as Process Automation Architecture and Process Modelling for Automation.

The Machine Learning (ML) technologies with the process orchestration solution, the integration of Artificial Intelligence (AI), improved IT systems to meet customers’ dynamic requirements, and demand for IT resources according to business priorities are the factors expected to drive the market during the forecast period. And at same time rise in regulations & compliance requirements and Misconception around business process orchestration are some of the restraining factors expected to affect the market during the forecast period.

In terms of region, Process Orchestration Market is divided into North America, APAC, Europe, and LAMEA. Among these, North America is expected to have largest market size during forecast period, as North America is advanced region in terms of technology adoption and infrastructure. Large process orchestration vendors are present in this region. APAC is expected to hold the highest CAGR during the forecast period, owing to globalization, the increased adoption of cloud based technologies, digitalization, and rapid economic development.

Key player’s studies, analyzed, profiled and benchmarked in Process Orchestration Market are SAP, IBM, Oracle, CA Technologies, ServiceNow, Cisco, BMC, OpenText, TIBCO, Software AG, HCL, Wipro, Newgen Software, Everteam, Arvato, Ayehu, Micro Focus, Icaro Tech, Cortex, eQ Technologic, PMG.net, Nipendo, Dealflo, and Data Ductus.

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The Scope of Report Process Orchestration Market:

Global Process Orchestration Market, by Component:

• Solution

• Services

o Managed Services

o Professional Services

o Consulting

o Training and Education

o Support and Maintenance

Global Process Orchestration Market, by Business Function:

• Supply Chain Management and Order Fulfilment

• Marketing

• Human Resource Management

• Finance and Accounting

• Customer Service and Support

Global Process Orchestration Market, by Organization Size:

• SME’s

• Large enterprises

Global Process Orchestration Market, by Deployment Mode:

• On-premises

• Cloud

Global Process Orchestration Market, by Industry Vertical:

• Banking, Financial Services, and Insurance (BFSI)

• Telecom and IT

• Consumer Goods and Retail

• Media and Entertainment

• Manufacturing

• Transportation and Logistics

• Energy and Utilities

• Others

Global Process Orchestration Market, by Region:

• North America

• Europe

• APAC

• MEA

• Latin America

Key Players, Global Process Orchestration Market:

• SAP

• IBM

• Oracle

• CA Technologies

• ServiceNow

• Cisco

• BMC

• OpenText

• TIBCO

• Software AG

• HCL

• Wipro

• Newgen Software

• Everteam

• Arvato

• Ayehu

• Micro Focus

• Icaro Tech

• Cortex

• eQ Technologic

• PMG.net

• Nipendo

• Dealflo

• Data DuctusThis Report Is Submitted By @ Maximize Market Research Company

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