Global Cloud Orchestration Market is valued approximately USD 17.49 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 23.4% over the forecast period 2023-2030. Cloud orchestration refers to the process of automating and coordinating the deployment, management, and operation of cloud-based resources and services. It involves using software tools and frameworks to manage the provisioning, scaling, and monitoring of various cloud resources such as virtual machines, containers, databases, storage, and networking. The Cloud Orchestration market is expanding because of factors such as increasing adoption of cloud-based applications and rising emergence of automation. Cloud orchestration helps to simplify the management of complex cloud infrastructures by enabling administrators to create and manage resources and services through a single, centralized interface. It allows organizations to optimize resource utilization, automate workflows, and achieve greater agility and scalability. Its importance has progressively increased during the last few decades.
According to the Statista, in 2021, the global cloud applications market had a value of USD 133.6 billion and projected to reach up to USD 168.6 billion by 2025. The cloud applications software market is anticipated to grow at a compound annual growth rate of 4.8%. Furthermore, in 2022, 46% of respondents were already running significant workloads on Amazon Web Services. Another important component driving space is emergence of automation. As per Statista, in 2021, the global intelligent process automation market has reached approximately USD 20 billion, at a growth rate of 16% and forecasted to reach up to USD 30 billion by the year 2024. In addition, the process automation market exceeds USD 83 billion as Industrial software alone accounts USD 43 billion in 2021. However, the high initial cost of Cloud Orchestration stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Cloud Orchestration Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising need for advanced resource management system and shifting of workloads to cloud environment. According to the Statista, the Public Cloud market is projected to reach USD 273.40 billion in 2023. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising industrial automation and rising government initiatives in digitalization in the market space.
Major market player included in this report are:
Amazon web services, inc
BMC software, inc.
Cisco Systems, inc.
DXC technologies ltd.
Hewlett packard enterprise
Rackspace us, inc.
Flexiscale technologies limited
Recent Developments in the Market:
Ø In March 2023, IBM and Wasabi Technologies, collaborates together to drive data innovation across hybrid cloud environments. This collaboration will enable organizations to run applications in any environment and help customers in accessing and utilizing key business information and analytics in real time at affordable prices.
Global Cloud Orchestration Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, Deployment Type, Operating Environment, Verticals, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments.
Cloud Service Management
By Deployment Type
By Operating Environment
Transportation & Logistics
IT & Telecom
Middle East & Africa
Rest of Middle East & Africa