15-Dec-2020 | Zion Market Research
As per analysts at Zion Market Research, the global workflow orchestration market is estimated to attain over USD 51.08 billion by the end of 2025, growing at a CAGR 31% during the forecasted period 2019–2025. The market is likely to grow at a considerable rate owing to the rising demand for streamlining business processes and the augmenting need to enhance business outcomes. Furthermore, the increasing need for digital transformation is expected to drive the global workflow orchestration market. The cloud orchestration section is anticipated to dominate the market in the forecasted period due to advantages such as better performance & productivity, reduced business downtime, and decreased operational cost. The countries such as Canada and the U.S. are mainly focusing on technical innovations like digitization for rearrangement of business processes.
Some of the leading players in the market are IBM; Microsoft; Oracle; Cisco; CA Technologies; VMware; BMC Software, Inc.; Bertelsmann SE&Co.KGaA; Micro Focus; ServiceNow, Inc.; Ayehu Inc.; Dalet Digital Media Systems; ThreatMetrix; Check Point Software Technologies Ltd.; Ooyala, Inc.; and root6.
Rising Demand For Streamlining Business Processes From End-User Industries To Boost The Global Market
The global workflow orchestration market is estimated to register a substantial growth rate. One of the major aspects propelling the expansion of the market is surging demand for streamlining business processes amongst end-user industries. The integration of workflow orchestration in effective operations of end-user industries aids in improving their operational efficiency, accuracy, productivity, and business outcomes. The advantages of workflow orchestration result in its surged preference amongst end-user industries, which is flourishing the growth of the market. The constant emphasis on improving the productivity and streamlining business processes into end-user industries has induced digitalization. There are wide-ranging advantages linked with workflow orchestration. The integration of workflow orchestration in the end-user industries aids in cost savings and augment revenue.
The global workflow orchestration market is bifurcated on the basis of type, organizational size, industry, and regional analysis. Based on the type, the market is divided into data center orchestration, cloud orchestration, business process orchestration, network management orchestration, and security orchestration. Based on the organizational size, the market is divided into small & medium-sized enterprises and large enterprises. Based on the industry, the market is divided into BFSI (banking, financial services, & insurance), IT & telecommunication, manufacturing & automotive, e-commerce consumer goods & retail, manufacturing & automotive, media & entertainment, travel & hospitality, public sector, healthcare & pharmaceutical, and others.
North America Region Estimated To Dominate The Global Workflow Orchestration Market
Based on geographical analysis, the global workflow orchestration market is divided into North America, Middle East & Africa, Europe, Latin America, and Asia Pacific. The North American region dominated the global workflow orchestration market in 2017. The expansion of the workflow orchestration market across the North America region is primarily stimulated by the presence of key players. The digitalization of companies has created a prospect to refine and streamline various business activities through workflow orchestration and automation. Many organizations are opting for workflow orchestration to decrease operational costs and earn improved business outcomes, which, in return, is likely to drive the development of the global workflow orchestration market.
Browse the full “Workflow Orchestration Market - By Type (Data Center Orchestration, Cloud Orchestration, Business Process Orchestration, Network Management Orchestration, and Security Orchestration), By Organizational Size (Small & Medium-Sized Enterprises and Large Enterprises), By Industry (BFSI, IT & Telecommunication, E-Commerce, Consumer Goods & Retail, Manufacturing & Automotive, Media & Entertainment, Travel & Hospitality, Public Sector, Healthcare & Pharmaceutical, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/workflow-orchestration-market
The global workflow orchestration market is segmented as follows:
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