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Process Orchestration Market in Depth Industry Analysis by Regional Trends, Opportunities and Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-21 

An unprecedented surge in the adoption of advanced technologies across different business verticals is propelling process orchestration market trends in the recent years. In an era of globalization, businesses are primarily focusing on delivering improved customer satisfaction, gaining enhanced competitive skills and operational functioning via the means of tools that can be incorporated by adoption process orchestration.

Apart from helping enterprises in designing, integrating, and implementing various customer processes, process orchestration enables automated metering and chargebacks which improves cost governance while promoting economic utilization of resources. This, in turn, lowers the cost of infrastructural investments for modern-day firms and improves the footprint of cloud services. Since it offers optimized tools, businesses respond to changing customer demands more efficiently and innovate faster – a major factor that has continued to boost process orchestration market size.

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The process orchestration market has been depicting quite some growth from the deployment of the cloud. Cloud-based process orchestration services help in simplifying deployment and centralizing automation processes, making it easier for expanding and transforming processes at a lower cost and at a faster speed. Given the cloud’s off-premise feature, orchestration brings dependency management, high availability, failure recovery, scaling and numerous other tasks and attributes all into a single process, significantly reducing staff effort. The rapid growth and adoption of cloud solutions across SMEs are thus contributing majorly to the expansion of cloud-based process orchestration industry.

Enumerating the application landscape of the process orchestration market, the retail & consumer goods sector is anticipated to emerge as a pivotal avenue for this industry. With increasing market competition and rapidly evolving consumer needs, it has become vital for the retail sector to improve its service offerings. Process orchestration solutions will enable such businesses to transform their operations and enhance customer reach, and will also help in automating manual processes, minimizing operating costs, improving customer shopping experience and identifying new revenue streams in the highly competitive sector. This in consequence would majorly accelerate process orchestration market share from retail & consumer goods applications, slated to depict a CAGR of 14% over 2019-2025.

Process Orchestration Market is projected to surpass USD 9 billion by 2025. Factors such as increasing importance of digitalization, the changing technological landscape, the rising requirement for optimizing business processes, and the growing demand for enhancing business agility are driving the market demand. Furthermore, the increasing integration of advanced technologies such as AI, machine learning, and automation with process orchestration solutions has accelerated market demand.

Process orchestration solutions assist in creating streamlined processes by implementing, integrating, and monitoring custom process applications. It improves the process flexibility and speed by creating custom process applications, which will enhance the business agility. The solution also offers greater visibility into the business functioning to understand the business processes in a better manner, monitoring employees, and achieving optimal performance, driving the market demand.

The enterprises having a small employee base and operational capacity still rely on traditional measures without spending additional funds to implement the advanced orchestration solutions, acting as a major challenge in the process orchestration market. Compatibility issues with the prevailing business applications and the stringent compliance and regulatory requirements also act as market barriers.

Speaking of the regional terrain, it comes as no surprise that the Asia Pacific region is primed to evolve as a highly competitive ground in the years to come. The key factors contributing to market demand across the continent include rapid globalization, increasing demand for industrial automation and strategic government initiatives targeted towards the manufacturing sector. The growing awareness regarding process orchestration benefits, such as the elimination of process redundancy and enhanced business planning, will act as a driving factor for APAC process orchestration industry. Powered by the increasing use of IT infrastructure and resources to gain cost optimization, APAC process orchestration industry share will register the fastest growth rate of 18% over 2019-2025.

Asia Pacific is growing at the fastest rate in the process orchestration market. The rapid economic development, growing government initiatives for bringing about digitalization, and growth in the number of SMEs supporting digital transformation are the major factors driving the market growth in this region. China dominates the Asia Pacific market, which is majorly attributed to the rise in the demand for cloud-based solutions and the expansion of data center ecosystem. The companies operating in this country are also making huge investments in AI technology, with a positive impact on market growth.

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The leading players working in the process orchestration market include: Cisco, HCL, IBM, Ayehu, BMC Software, Icaro Tech, Fujitsu, Dealflo, Cortex, CA Technologies, OpenText, Oracle, Software AG, Wipro, SAP, Newgen, and Micro Focus. The companies are entering into strategic acquisitions to expand their product offerings and gain a higher foothold in the competitive market.

Table of Contents (ToC) of the report:

Chapter 5. Process Orchestration Market, By Component

5.1. Key trends, by component

5.2. Solution

5.2.1. Market estimates and forecast, 2014-2025

5.3. Service

5.3.1. Market estimates and forecast, 2014-2025

5.3.2. Professional Service

5.3.2.1. Market estimates and forecast, 2014-2025

5.3.2.2. Consulting

5.3.2.2.1. Market estimates and forecast, 2014-2025

5.3.2.3. Training and education

5.3.2.3.1. Market estimates and forecast, 2014-2025

5.3.2.4. Support and maintenance

5.3.2.4.1. Market estimates and forecast, 2014-2025

5.3.3. Managed Service

5.3.3.1. Market estimates and forecast, 2014-2025

Chapter 6. Process Orchestration Market, By Business Function

6.1. Key trends, by business function

6.2. Supply Chain Management (SCM) and order fulfillment

6.2.1. Market estimates and forecast, 2014-2025

6.3. Finance and accounting

6.3.1. Market estimates and forecast, 2014-2025

6.4. Customer service and support

6.4.1. Market estimates and forecast, 2014-2025

6.5. Human Resource Management (HRM)

6.5.1. Market estimates and forecast, 2014-2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/process-orchestration-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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