How Has the Process Orchestration Market Evolved Historically and What is its Current Size?
The process orchestration market has seen considerable growth due to a variety of factors.
• The market for process orchestration has experienced significant expansion in recent years. The market which was valued at $5.58 billion in 2024 will surge to $6.75 billion in 2025, representing a compound annual growth rate (CAGR) of 21.0%.
The historical growth has been driven by factors such as the growing adoption of ERP systems, SOA, bpm strategies, the advent of cloud computing, and the increasing intricacy of IT environments.
What Does Future Hold for The Process Orchestration Market By 2029?
The process orchestration market is expected to maintain its strong growth trajectory in upcoming years.
• The orchestration market is anticipated to experience accelerated growth in the imminent years, surging to a size of $13.15 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 18.1%.
The expansion predicted in this timeframe can be ascribed to the elevated emphasis on cybersecurity orchestration, attention to customer journey orchestration, the progression of robotic process automation, consistent focus on digital conversion, and the broadening of IoT ecosystems. Foreseen trends in the projected time period encompass a concentration on explainable AI (XAI), event-driven infrastructures, more in-depth integration with robotic process automation, multiservice and multi-cloud orchestration, and improved AI-facilitated decision-making.
What Are The Primary Growth Drivers In The Process Orchestration Market?
The surge in demand for digital transformation is anticipated to boost the expansion of the process orchestration market in the future. Digital transformation involves the incorporation of digital technologies into every aspect of a business, fundamentally altering its operations and value delivery to customers. Process orchestration serves as a key element in digital transformation by offering a strategy to manage the coordinated and effective execution of automation projects. It aids organizations in streamlining, automating, and optimizing their business processes, leading to enhanced efficiency and improved customer experiences. For example, as per the International Data Corporation, a U.S. based advisory services provider, global expenditure on digital transformation had reached $1.8 trillion by the end of 2022. The same is projected to increase to $2.8 trillion by 2025. Consequently, the rise in demand for digital transformation is fueling the expansion of the process orchestration market.
What Is The Segmentation Of The Global Process Orchestration Market?
The process orchestration market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Vertical: Banking Financial Services, And Insurance, Manufacturing, Healthcare, Information Technology And Telecommunications, Retail, Energy And Utilities, Transportation, Other Verticals
Subsegments:
1) By Software: On-Premises Software, Cloud-Based Software, Hybrid Software
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services
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What New Trends Are Influencing The Process Orchestration Market?
Leading firms in the process orchestration market are concentrating on creating innovative AI orchestration services, like workflow orchestration services, to cater to the rising embrace of AI orchestration across various end-user sectors. Workflow orchestration services encompass the utilization of tools, platforms, or systems that automate and oversee the coordination, implementation, and surveillance of workflows or business operations. For instance, Kyndryl Holdings, Inc., an American IT service management firm, rolled out AI-powered workflow orchestration services in January 2024 to automate business procedures. AI-driven workflow orchestration employs artificial intelligence to augment efficiency, productivity, and user experience in the digital workspace. It also comprises features such as a user-friendly interface, simplification of complex processes, real-time visibility, access controls, encryption, and usage. Furthermore, this solution leverages workflow abilities and AI automation to diminish complexity, decrease cycle time, and increase ROI (Return on Investment) by reducing the costs of training and development.
Who Are the Key Players In The Process Orchestration Market?
Major companies operating in the process orchestration market are:
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Oracle Corporation
• Broadcom Inc.
• SAP SE
• Fujitsu Limited
• HCL Technologies Limited
• Wipro Limited
• ServiceNow Inc.
• Arvato AG
• Open Text Corporation
• Micro Focus International plc
• BMC Software Inc.
• Software AG
• TIBCO Software Inc.
• EQ Technologic India Private Limited
• Cherwell Software LLC
• Axios Systems PLC
• Icaro Tech Tecnologia e Informação Ltda.
• Data Ductus AB
• Cortex Business Solutions Inc.
• Everteam SAS
• FlowForma Limited
• Nipendo Ltd.
• Intellyx Corp.
• Dealflo Limited
• Newgen Software Technologies Limited
What Are The Regional Insights Into The Process Orchestration Market?
North America was the largest region in the process orchestration market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the process orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
