Process Orchestration market share research by applications and regions for 2019-2025

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Process Orchestration market to grow at 13 CAGR
from 2019 to 2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Process Orchestration Market

• The Asia Pacific process orchestration market is
  projected to grow at the fastest rate with a CAGR
  of over 18 during the forecast period. The main
  factors contributing to market demand include the
  strategic government initiatives for the
  manufacturing sector, rapid globalization, and
  increasing demand for industrial automation. The
  increasing awareness among enterprises regarding
  the benefits of process orchestration, such as
  enhanced business planning and elimination of
  process redundancy, also acts as a major factor
  toward the rising market demand. Moreover, the
  increasing need for cost optimization with
  efficient use of IT infrastructures and resources
  is also anticipated to propel market growth in
  this region.
• The process orchestration market growth is
  attributed to the increasing integration of
  advanced technologies including AI and machine
  learning with process orchestration solutions.
  The AI-powered process orchestration solutions
  aid processes to become increasingly intelligent,
  easily adaptable to changes, and more precise. It
  maximizes business efficiency by minimizing
  operational efforts with faster processing times
  and lower labor costs, enhancing its adoption in
  the market. Furthermore, the rising demand for
  optimizing resource utilization and improving IT
  systems services to meet customers
  requirements also drives the market demand.

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• The process orchestration market is anticipated
  to expand due to the growth in the deployment of
  suitable business solutions by enterprises to
  augment efficiency, interactions with other
  customers, and quality of internal operations
  contributing to the market growth. In August
  2018, Cisco launched a Software Defined (SD)
  Branch Management and Orchestration working on
  network service lifecycle management, virtual
  network function packages, global resource
  management, and authorization validation of
  SD-Branch infrastructure resource requirements.
  The SD-Branch offers service chaining feature by
  connecting network resources in a virtual chain
  and optimizing the usage of network resources,
  thereby improving application performance at
  reduced costs. It also aids in monitoring and
  scaling services by tracking the performance of
  resources platform and managing sufficient
  resources to provide the service.
• The professional services are projected to grow
  at the highest CAGR in the process orchestration
  market over the forecast period. These services
  assist customers to ensure that their products
  function efficiently and benefit from an
  up-to-date system and application software. The
  consulting service is anticipated to hold the
  largest market share in the professional service
  with a share of over 40 in 2018. It aids in
  minimizing disruptions while bringing about a
  transition in the existing business processes or
  implementing new processes for improving
  effectiveness productivity and eliminating
  inefficient business processes, driving the
  market.

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• Latin America Process Orchestration
  Market Revenue, By Professional Service, 2018
  2025 (USD Million)

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• The finance accounting market is projected to
  grow at a CAGR of over 15 between 2019 to 2025.
  In the present dynamic global business
  environment, it is essential for the finance
  accounting leaders to deliver accurate and timely
  financial reports services to their businesses.
  The finance and accounting processes are still
  consisting of huge amounts of routine and mundane
  human tasks due to which the CFOs face the
  challenge of managing the high-volume
  transactional processes at reduced costs. The
  adoption of process orchestration assists in
  managing and controlling end-to-end financial
  processes by automating accounting workflows and
  streamlining financial reporting, thereby
  improving organizational value.
• The process orchestration market for cloud model
  is increasing and displaying strong growth in
  comparison to on-premise solutions. The
  cloud-based process orchestration solutions aid
  in simplifying deployment and centralize
  automation processes making it easier for
  transforming and expanding processes at a lower
  cost with a faster speed. The rapid growth and
  adoption of cloud-based process orchestration
  solutions across SMEs are also contributing to
  market development.

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• The large enterprises dominate the process
  orchestration market with a share of over 70 in
  2018. These enterprises make significant
  investments in RD to enhance their existing
  solutions and deliver new solutions as well as
  develop new machine intelligence and automation
  technologies. For instance, in February 2019, IBM
  announced to invest USD 2 billion in its new
  research hub for AI in New York. This investment
  will enhance the companys efforts to enhance
  growth from emerging technologies by transforming
  business operations benefitting the market.
• The consumer goods retail sector is expected to
  grow at a CAGR of over 14 between 2019 to 2025.
  In the commercially diverse market with rapidly
  evolving customer needs and increasing market
  competition, it is essential for the consumer
  goods retail sector to bring enhanced offerings
  to the market. The adoption of process
  orchestration solutions will enable the companies
  to transform their business models and reach more
  customers. It will also assist in improving the
  customer shopping experience, minimizing
  operating costs, automating manual processes, and
  identifying new revenue-generating streams,
  accelerating market growth.

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• The major companies operational in the market are
  Cisco, IBM, CA Technologies, Software AG, HCL,
  Ayehu, BMC Software, Fujitsu, Oracle, OpenText,
  ServiceNow, SAP, Wipro, Cortex, Dealflo, and
  Nipendo. The foremost strategy adopted for
  expansion is merger acquisition as it assists
  the companies to serve a larger customer base
  through regional expansion. For instance, in
  November 2018, Kofax, an intelligent automation
  software provider to digitally transform and
  automate business processes, acquired Nuance
  Document Imaging (NDI) Solutions. This
  acquisition will assist the company in driving
  customer value by including key technologies in
  its product offerings, allowing organizations to
  streamline processes and eliminating gaps across
  the entire workflow spectrum.

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