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2022
Process Orchestration Market

Process Orchestration Market by Component (Solutions and Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Business Function (Marketing, Human Resource Management, Finance & Accounting, Supply Chain Management & Order Fulfillment and Customer Service & Support) and Industry Vertical (BFSI, IT & Telecom, Retail, Media & Entertainment, Education, Manufacturing, Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jan 2022 | 61 Views
   
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COVID-19

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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.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast unit

  Value ($)

  Segments covered

Component, Deployment Model, Enterprise Size, Business Function, Industry Vertical and Region.

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

SAP SE, International Business Machines Corporation, Oracle Corporation, Computer Associates International Inc., Cisco Systems Inc., Fujitsu Limited, TIBCO Software Inc., Software AG, HCL Technologies Ltd., Wipro Limited.

 

COVID-19 scenario analysis: 

  • The spread of COVID-19 virus has affected the global economies, with the imposed lockdowns by the government the industries were forced to shut down and limit their business operations. Businesses are looking for ways to continue their operations while optimizing their cost at the same time. The process orchestration market is expected to observe the growth in the post-pandemic situation. 
  • Process orchestration tools aims to improve efficiency in businesses by increasing the speed of business processes and reduce expenses. Its objective is to work efficiently throughout information handling. This allows businesses to take better decision and automates the repetitive tasks. It will help in reducing operational cost and will enable the employees to devote their time creating more added value to the business.  

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

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 market trends for the process orchestration market are as follows:

Deployment of cloud-based services drives the market growth

The deployment of cloud is rapidly implemented in the process orchestration market. Improved security features, attractive consoles, ease of flexibility, and improved scalability are some of the most significant factors that are likely to encourage companies around the world to adopt the cloud deployment the process of orchestration. Furthermore, the cloud-based deployment model provides higher responsiveness in comparison of traditional on-premises deployment model.

Asia-Pacific is expected to observe high growth during the forecast period

Asia-Pacific is anticipated to be the fastest growing region in the forecast period. The factors which drive the growth in the region include rapid economic changes, globalization, digitalization, and increased implementation of cloud-based technologies in business operations that are expected to drive the market growth in the Asia-Pacific region. Furthermore, the increasing need for cost optimization and deployment of IT infrastructures are responsible to propel the demand for process orchestration solution and its related services in the region. 

Key segments covered:

Segments

Sub segments

  Component

  1. Software 
  2. Services

  Deployment Model

  1. On-Premises
  2. Cloud

  Enterprise Size

  1. Large Enterprises
  2. Small & Medium Enterprises

  Business Function

  1. Marketing
  2. Human Resource Management
  3. Finance & Accounting
  4. Supply Chain Management & Order Fulfillment
  5. Customer Service & Support

  Industry Vertical

  1. BFSI
  2. IT & Telecom
  3. Retail
  4. Media & Entertainment
  5. Education
  6. Manufacturing
  7. Healthcare
  8. Others

 

Key benefits of the report:

  • This study presents analytical depiction of the process orchestration market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the process orchestration market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis based on the present and future competitive intensity of the process orchestration market. 

Questions answered in the process orchestration market research report:

  • Who are the leading market players active in process orchestration market?
  • What would be the detailed impact of COVID-19 on process orchestration market?
  • What current trends would influence the process orchestration market in the next few years??
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, 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

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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