The report will help market leaders/new entrants by providing them the closest approximations of revenues of the workflow orchestration market and its subsegments.
The workflow orchestration market is projected to grow from USD 13.81 billion in 2017 to USD 50.82 billion by 2022, at a CAGR of 29.8% during the forecast period.
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The key players in the Workflow Orchestration Market include – Microsoft (US), IBM (US), Cisco Systems (US), Oracle(US), VMware (US), CA Technologies (US)Arvato AG (Germany), BMC Software (US), Service Now (US), Micro Focus (UK), Dalet SA (France), Ayehu Software Technologies (US)
The workflow orchestration market has been segmented on the basis of type, organization size, vertical, and region. Based on type, the workflow orchestration market has been segmented into cloud orchestration, data center orchestration, network management, business process orchestration, and security orchestration.
Based on organization size, the workflow orchestration market has been segmented into large enterprises and SMEs.
Based on vertical, the workflow orchestration market has been segmented into IT &telecommunication; media & entertainment; Banking, Financial Services & Insurance (BFSI); e-commerce, retail & consumer goods; public sector; manufacturing & automotive; healthcare & pharmaceutical; travel & hospitality; and others (education and electricity & utility).Based on region, the workflow orchestration market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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The workflow orchestration market is projected to grow from USD 13.81 billion in 2017 to USD 50.82 billion by 2022, at a CAGR of 29.8% during the forecast period. Organizations are increasingly adopting workflow orchestration to increase operational efficiency and productivity level as well as improve business outcomes with effective strategic decisions.
However, lack of technical expertise is a key factor restraining the growth of the workflow orchestration market.
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Based on type, the cloud orchestration segment is estimated to lead the workflow orchestration market in 2017.Cloud orchestration defines the arrangement and synchronization of automated tasks, which eventually results in a consolidated process or workflow. Managing interconnections and exchanges between cloud-based and on-premises business units are essential characteristics of a cloud orchestrator.
The adoption of cloud orchestration by enterprises, owing to their benefits, such as improved productivity and performance as well as reduced business downtime and operational cost is contributing to the growth of the cloud orchestration segment.
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