Global Process Orchestration Market is valued USD 2.3 billion in 2016 is anticipated to grow USD 9.8 billion with the compounded annual growth of 17.50% over the forecast period 2018-2025.
New York 13 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Process Orchestration Market industry is poised to raise USD 9.8 billion by 2025 Process orchestration help organizations make more optimized use of their available workforce. Some of the organizations are still unaware of their benefits and are quite reluctant to adopt process orchestration solution and services in their daily operations and functioning. There is a widespread misconception among organizations that the adoption of automation and orchestration is going to pose a threat to the job security of their workforce, as many manual processes performed by workers would be automated. With recent developments around data privacy and General Data Protection Regulation (GDPR) implementation in Europe, the organizations need to make changes in their process orchestration frameworks for complying with regulations. These factors may restraint the wide-scale adoption of process orchestration solution and services.
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Global Process Orchestration Market Size study, by Component (Solution, Services), by Business Function, by Deployment type (Cloud, On Premises), by Organization Size ( SMEs, Large Enterprises), by Vertical and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include SAP, IBM, Oracle, Cisco, CA Technologies, Fujitsu, Micro Focus, HCL, Opentext, Software AG. and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America is expected to hold the largest market size during the forecast period, due to the presence of large process orchestration vendors in the region
- North America is also considered to be one of the most advanced regions in terms of technology adoption and IT infrastructure optimization.
.Bizwit Research & Consulting LLP has considered following segments for the study:
By Business Function:
- Supply Chain Management and Order Fulfilment.
- Human Resource Management
- Finance & Accounting
- Customer service & Support
By Deployment Type:
- On Premise
By Organization Size:
- Large Enterprises
- Banking, Financial Services, and Insurance
- Telecom and IT
- Consumer Goods and Retail
- Media and Entertainment
- Transportation and Logistics
- Energy and Utilities
- North America
- Asia Pacific
- Latin America
- Rest of the World