Global Process Orchestration Market by Types, Deployment, Enterprise Size, Business Functions, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.
The global process orchestration market is anticipated to expand at a CAGR of around 17.7% during the forecast period, 2020–2026.
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Business Process Orchestration is a methodology that is followed in enterprises to help reduce the amount of effort, time, and money, required to complete daily tasks by standardizing processes and introducing automation, validation, workflow, and controls where appropriate. Business process orchestration is the act of stipulating actions within business processes through web services. This process helps in developing future of business process management (BPM), and within it lies the capability to change the way of business and information technology (IT) interaction. A process orchestration solution that leverages the capabilities of a Business Process Management (BPM) platform with automation and analytics helps organizations keep track of all the activities in an order management system.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing adoption of cloud-based solutions and integration of emerging technologies such as Artificial Intelligence (AI) and Machine Learning (ML) for data analysis is a major factor driving the growth of the market.
- Rising adoption of Platform as a Service (PaaS) and cloud in small & medium enterprises that provides cost-efficient storage is driving the growth for the market.
- Rising deployment of adequate business solutions by organizations to reduce operational costs and effectively utilize their IT resources is expected to boost the demand for process orchestration. This, in turn, is fueling the market growth.
- Shifting organizations preference from traditional ways of management, rising demand for automated systems and solutions, and streamlining all the aspects of business management is propelling the market growth.
- Increasing adoption of business process automation technologies by enterprises to improve efficiency, quality of internal operations, and interactions with other enterprises and customers, as they engage in e-business transactions is driving the market growth.
- Growing concerns for data security and distortion due to high costs of installation has been restraining the market growth.
- Growing trend of outsourcing of storage services and rise in need for more efficient data storage options is expected to provide numerous opportunities for the market.
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Competitive Landscape:
Key players operating in the global process orchestration market are Cisco, IBM, Arvato, Ayehu, CA Technologies, Cortex, Fujitsu, SAP, HCL, Micro Focus, Dealflo, Oracle, TIBCO, Wipro, ServiceNow, and Software AG.
The global process orchestration market has been segmented on the basis of
Types
- Solutions
- Services
Deployment
- Cloud
- On-premise
Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
Business Functions
- Supply Chain Management (SCM) and Order Fulfillment
- Finance and Accounting
- Customer Service and Support
- Human Resource Management (HRM)
End-users
- Academia
- Government
- BFSI
- Healthcare
- IT & Telecom
- Retail
- Manufacturing
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Process Orchestration Market Overview
- Global Process Orchestration Market Analysis and Forecast by Type
- Global Process Orchestration Market Analysis and Forecast by Application
- Global Process Orchestration Market Analysis and Forecast by Sales Channel
- Global Process Orchestration Market Analysis and Forecast by Region
- North Process Orchestration Market Analysis and Forecast
- Latin Process Orchestration Market Analysis and Forecast
- Europe Process Orchestration Market Analysis and Forecast
- Asia Pacific Process Orchestration Market Analysis and Forecast
- Middle East & Africa Process Orchestration Market Analysis and Forecast
- Competition Landscape
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