Cloud Orchestration Global Market Sees Growth Rate Of 21% Through 2022
3 Aug, 2022
The global cloud orchestration market size is expected to grow from $12.67 billion in 2021 to $15.3 billion in 2022 at a compound annual growth rate (CAGR) of 20.7%. The global cloud orchestration market size is expected to grow to $31.21 billion in 2026 at a CAGR of 19.5%.
What is the Global Cloud Orchestration Market?
The cloud orchestration market consists of sales of cloud orchestration solutions and services by entities (organizations, sole traders, and partnerships) that refer to the process of automating the tasks required to manage workload operations and connections on private and public clouds. Automated tasks and processes are an into a workflow by cloud orchestration technologies to perform specific business functions. Policy enforcement is a feature of cloud orchestration tools, which ensures that processes have the necessary permissions to execute or connect to a workload.
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What drives the Global Cloud Orchestration Market?
The increasing dominance of cloud-based applications is expected to propel the growth of the cloud orchestration market over the coming years. Cloud-based applications offer major benefits to the customer such as cost-effectiveness, easy integration, implementation, and lower cost of purchase. Cloud applications also help enterprises to standardize system configurations and automate IT support processes. Cloud orchestration is used to provision, deploy, or start servers, acquire and assign storage space, manage networking, construct virtual machines, and gain access to certain applications on cloud services. For instance, according to InfoWorld, a US-based IT media business, the global spending on public cloud services and infrastructure will reach around $500 billion by 2023. Thus, the increasing adoption of cloud-based applications is contributing to the growth of the market.
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Global Cloud Orchestration Market Segments
The global cloud orchestration market is segmented:
By Service Type : Cloud Service Automation, Training, Consulting, and Integration, Support and Maintenance
By Deployment Mode: Private, Public, Hybrid
By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
By End-User: Healthcare and Life Sciences, Transportation and Logistics, Government and Defense, IT and Telecom, Retail, Manufacturing, Others
By Geography: The regions covered in the cloud orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cloud Orchestration Global Market Report 2022provides market size and growth forecasts for the global cloud orchestration market, global cloud orchestration market share, cloud orchestration market segments and geographies, cloud orchestration market competitive landscape including leading competitors’ revenues, profiles and market shares. The cloud orchestration market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cloud Orchestration Industry Playersinclude Geminare Incorporated, Infrascale Inc., RackWare, Unitrends Inc., CloudVelox, Zerto Ltd., IBM Corporation, Hewlett Packard Enterprise Company, VMware Inc, Apptio Inc., Microsoft, Flexera, Scalr, Actifio, Veritas, CloudEndure, Oracle Corporation, Cisco Systems Inc., and Amazon Web Services. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.