Cloud Orchestration Market Expected to Reach $105.07 Billion by 2030

According to a recent report published by Allied Market Research, titled, “Cloud Orchestration Market By Service Type, Cloud, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The cloud orchestration market size was valued at $14.98 billion in 2020, and is projected to reach $105.07 billion by 2030, registering a CAGR of 21.4%.

The global cloud orchestration market is influenced by several factors such as growth in demand for optimum resource utilization, need for self-servicing provisioning and surge in demand for low cost process setup and automation. In addition, a number of lucrative benefits offered by cloud orchestration such as monitor, alert, and report on unexpected conditions to diagnose root cause, simplify data integrations and automatically apply policies for governance and security fuel the growth of this market. However, high initial investment cost and involvement of heterogeneous systems create challenges to provide both public and private cloud solutions thus causing difficulty in maintaining operational consistency are factors projected to hamper the growth of the global market to a certain extent. On the other hand, growth in cloud adoption and rise in demand for streamline business process are estimated to be opportunistic for the growth of the market.

In 2020, on the basis of service type, the configuration segment dominated the cloud orchestration market size in 2020, and is expected to maintain its dominance in the upcoming years. This is due to high level of cost savings on total cost of ownership and increase in need for optimum resources utilization by several user types including small, medium, and large enterprises.

By organization size, the large enterprises segment dominated the growth in the Cloud Orchestration market in 2020, and is expected to maintain its dominance in the upcoming years. This is due to significant growth in deployment of cloud orchestration in large enterprises to support IoT or immersive experiences. However, SMEs segment is expected to witness highest growth rate during the cloud orchestration market forecast period. Intensely competitive scenario has primarily encouraged number of SMEs across the globe to increasingly invest in cloud orchestration solutions to reach their desired target audience.

The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. The COVID-19 impact has prompted every company and business to shift their business operations towards a remote work environment. As a result of the dire situation, companies began to implement the BYOD program or enterprise-owned equipment. Therefore, the need for cloud orchestration is expected to increase, to provide the necessary access to corporate resources to manage and maintain collaboration and integration with integrated communications and teams and to maintain productivity. Moreover, during the COVID due to work from home 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, cloud 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 service type, in 2020 the configuration dominated the cloud orchestration market size.
• Depending on organization size, the large enterprises generated the highest revenue in 2020 of cloud orchestration market share. However, the small and medium enterprises segment is expected to exhibit significant growth during the forecast period.
• According to the deployment, the public cloud generated the highest revenue in 2020. However, the hybrid segment is expected to exhibit significant growth during the forecast period
• Region wise, the cloud orchestration industry was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

Some of the key cloud orchestration industry players profiled in the report Amazon Web Services, Inc., BMC Software, Inc., Cisco Systems, INC., DXC Technology Company, HP Inc., IBM Corporation, VMware, Inc., Rackspace US, Inc., Oracle Corporation and Flexiscale Technologies Limited. This study includes market trends, Cloud Orchestration market analysis, and future estimations to determine the imminent investment pockets.