According to a new market research report “Workflow Orchestration Market by Type (Cloud Orchestration, Data Center Orchestration, Business Process Orchestration, and Security Orchestration), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2026”, published by MarketDigits, the market is estimated to be USD 13.81 Billion in 2020 and is projected to reach USD 50.82 Billion by 2026, at a CAGR of 29.8% from 2020 to 2026. The growth of the Workflow Orchestration Market can be attributed to the need to achieve improved business outcomes and enhance operational efficiency as well as productivity level.
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Based on type, the business process orchestration segment of the Workflow Orchestration Market is expected to witness the highest growth during the forecast period.
Based on type, the business process orchestration segment is projected to grow at the highest CAGR during the forecast period. Business process orchestration refers to modeling, implementing, integrating, and monitoring of custom process applications. It enables organizations to significantly reduce time and cost needed to model and implement business processes services, and applications. Thus, the adoption of business process orchestration by enterprises worldwide is projected to drive the growth of the business process orchestration segment.
Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the Workflow Orchestration Market is expected to grow at the highest CAGR during the forecast period.
Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the Workflow Orchestration Market is projected to witness the highest growth during the forecast period. This growth can be attributed to the adoption of workflow orchestration by SMEs to streamline business processes, reduce downtime, and improve business efficiency.
Based on vertical, the IT & telecommunication segment is estimated to lead the Workflow Orchestration Market in 2020.
Based on vertical, the IT & telecommunication segment is estimated to lead the Workflow Orchestration Market in 2020. Companies in the IT & telecommunication vertical are focused on the implementation of cloud-based business support systems. Leading telecommunication companies are transforming their business functions by adopting workflow orchestration to ensure high level of customer interaction and reduce manual workload.
North America is estimated to lead the Workflow Orchestration Market in 2020.
North America is estimated to lead the Workflow Orchestration Market in 2020. The growth of the Workflow Orchestration Market in North America is primarily driven by the presence of key players, such as IBM (US), VMware (US), Microsoft (US), Oracle (US), and BMC Software (US), offering workflow orchestration solutions in this region. The digitalization of organizations has created an opportunity to refine and streamline various business activities through workflow automation and orchestration. Several organizations in North American countries are opting for workflow orchestration to reduce operational costs and achieve improved business outcomes, which, in turn, is expected to drive the growth of the Workflow Orchestration Market in this region.
Key players operating 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), ServiceNow (US), Micro Focus (UK), Dalet SA (France), and Ayehu Software Technologies (US).
Workflow Orchestration Market research report is structured by thoroughly understanding specific requirements of the business in ABC industry. The report has a list of key competitors with the required specifications & also provides the strategic insights and analysis of the key factors influencing the industry. Various definitions and segmentation or classifications of the industry, applications of the industry and value chain structure are given properly in the report. This market report performs an assessment of the growth rate and the market value based on market dynamics and growth inducing factors. So, take the business to the highest level of growth with this all-embracing Workflow Orchestration Market report.
Table of Contents :
Chapter 1 Research Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Workflow Orchestration Market Variables Trends & Scope
Chapter 4 Workflow Orchestration Market: Competitive Analysis
Chapter 5 Workflow Orchestration Market: Delivery Type Analysis
Chapter 6 Workflow Orchestration Market: Component
Chapter 7 Workflow Orchestration Market: End-use
Chapter 8 Workflow Orchestration Market: Application
Chapter 9 Workflow Orchestration Market: Therapeutic Area
Chapter 10 Workflow Orchestration: Regional Market Analysis, By Application, Technology, and End Use 2021 – 2026 (USD Million)
Chapter 11 Company Profiles
List of Tables
List of Figures
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