Process Orchestration Market Forecast up to 2024
- December, 2018
- Domain: ICT - Software & Services
Pages:
100
Tables:
55
Charts:
54
Regions/Countries:
5 / 0
Companies:
5+5 (10)
Enquiry Hours:
10
- Get Free 10% Customization in this Report
Overview of the Process Orchestration Market
Infoholic’s market research report predicts that the process orchestration market revenue is estimated to be $3,061.5 million in 2018 and is expected to reach $8,906.3 million by 2024, growing at a CAGR of 19.5% during the forecast period 2018–2024.
According to the process orchestration market analysis, North America accounted for the largest share of the process orchestration market in 2018 owing to strong economic conditions in the region and enhance customer experience for the clients. The cloud deployment mode offers enterprises to opt for SaaS on a subscription basis as per usage rather than incurring costs on hardware and infrastructure. The Asia Pacific region holds good potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2018–2024. The Asia Pacific region is expected to witness growth in process orchestration market due to presence of few emerging countries and organizations in the region are experiencing an increase in customers with more spending capacities.
Competitive Analysis and Key Vendors
The process orchestration software vendors are extending its partner ecosystem with capabilities in integration, consulting, reseller, and geographical reach to enhance the software offerings. The process orchestration is expected to enhance the BPM capabilities of organizations and seamlessly assign tasks for early completion.
The report contains an in-depth analysis of vendor profiles, which include overviews and offerings, and competitive landscape. The integration capability of the process orchestration software leverages the capabilities in planning more complex work with less human decision-making.
Some of the key vendors in the market are:
- SAP
- Oracle
- IBM
- Cisco
- Microsoft
Other companies covered in the report are Data Ductus, Cortex, Icaro Tech, Nipendo, PMG.net.
Segmentation based on component
- Software
- Services
In 2018, the software segment occupied the highest market share, but services segmented is expected to have the highest CAGR during the forecast period. The consulting segment in services is expected to have the largest market size during the forecast period to impart knowhow of the benefits and integration capability of the process orchestration software to the customers.
Segmentation based on deployment
- On-premises
- Cloud
In 2018, the on-premises occupied the largest market share and cloud deployment type is expected to grow at a higher CAGR during the forecast period. It is mostly offered as SaaS from cloud vendors, which is scalable and reduces the cost incurred in the business processes. It is a preferable mode for many SMEs to reduce the expenditure on IT hardware and equipment.
Segmentation based on business function
- Supply Chain Management
- Finance and Accounts
- Operations and Customer Care
- Sales and Marketing
In 2018, the finance and accounts occupied the largest market share and it is expected to continue the same trend during the forecast period.
Segmentation based on industry
- Manufacturing
- Telecom and IT
- BFSI
- Energy and Utilities
- Consumer Goods and Retail
- Others
In 2018, the BFSI occupied the largest market share and is expected to continue the same trend during the forecast period due to more usage of BPM applications by the finance industry.
Benefits
The study offers a comprehensive analysis of the “Process Orchestration” market bringing out the complete key insights of the industry, the report also aims to provide an opportunity for companies to understand the latest trends, current market scenarios, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
1.1 Finding 1
1.2 Finding 2
2 Industry Outlook
2.1 Industry Overview
2.2 Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.3 PEST Analysis
3.4 Porter 5 (Five) Forces
3.5 Related Markets
4 Market Outlook
4.1 Overview
5 Market Characteristics
5.1 Evolution
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Enhancing and streamlining business processes
5.3.1.2 Better customer experience and delivery
5.3.1.3 Improved and automated decision-making
5.3.2 Restraints
5.3.2.1Business process activities witnessing transformation and change in business model
5.3.2.2 Integration capability concerns
5.3.3 Opportunities
5.3.3.1 Reduce operational cycle times
5.3.3.2Better compliance control
5.3.4 DRO – Impact Analysis
6 Component: Market Size & Analysis
6.1 Overview
6.2 Software
6.3 Services
6.3.1 Consulting
6.3.2 Implementation
6.3.3 Support and Maintenance
6.3.4 Training and Education
7 Deployment Type: Market Size & Analysis
7.1 Overview
7.2 On-premises
7.3 Cloud
8 Business Function: Market Size & Analysis
8.1 Supply Chain Management
8.2 Finance and Accounts
8.3 Operations and Customer Care
8.4 Sales and Marketing
9 Industry: Market Size & Analysis
9.1 Manufacturing
9.2 Telecom and IT
9.3 BFSI
9.4 Energy and Utilities
9.5 Consumer Goods and Retail
9.6 Others
10 Region: Market Size & Analysis
10.1 Overview
10.1.1 Market Size and Analysis
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East & Africa
10.6 Latin America
11 Vendor Profiles
11.1 SAP
11.1.1 Overview
11.1.2 Business Units
11.1.3 Geographic Revenue
11.1.4 Software Offerings
11.1.5 Business Focus and Strategy
11.1.6 Analyst Opinion
11.1.7 SWOT Analysis
11.2 Oracle
11.2.1 Overview
11.2.2 Business Units
11.2.3 Geographic Revenue
11.2.4 Software Offerings
11.2.5 Business Focus and Strategy
11.2.6 Analyst Opinion
11.2.7 SWOT Analysis
11.3 IBM
11.3.1 Overview
11.3.2 Business Units
11.3.3 Geographic Revenue
11.3.4 Software Offerings
11.3.5 Business Focus and Strategy
11.3.6 SWOT Analysis
11.3.7 Analyst Opinion
11.4 Cisco
11.4.1 Overview
11.4.2 Business Units
11.4.3 Geographic Revenue
11.4.4 Software Offerings
11.4.5 Business Focus and Strategy
11.4.6 SWOT Analysis
11.4.7 Analyst Opinion
11.5 Microsoft
11.5.1 Overview
11.5.2 Business Units
11.5.3 Geographic Revenue
11.5.4 Software Offerings
11.5.5 Business Focus and Strategy
11.5.6 Analyst Opinion
11.5.7 SWOT Analysis
12 Companies to Watch for
12.1 Data Ductus
12.1.1 Overview
12.1.2 Offerings
12.1.3 Analyst Opinion
12.2 Cortex
12.2.1 Overview
12.2.2 Offerings
12.2.3 Analyst Opinion
12.3 Icaro Tech
12.3.1 Overview
12.3.2 Offerings
12.3.3 Analyst Opinion
12.4 Nipendo
12.4.1 Overview
12.4.2 Offerings
12.4.3 Analyst Opinion
12.5 PMG.net
12.5.1 Overview
12.5.2 Offerings
12.5.3 Analyst Opinion
13 Competitive Landscape
13.1 Competitive Comparison Analysis
14 Annexure
14.1 Report Scope
14.2 Research Methodology
14.2.1 Data Collation & In-house Estimation
14.2.2 Market Triangulation
14.3 Report Assumptions
14.4 Abbreviations
Abbreviations
Research Framework
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
Market related information is congregated from both primary and secondary sources.
Primary sources
involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources
include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.
