Process Orchestration Market Growth Outlook Through 2024-2033

Overview and Scope
Process orchestration refers to the coordination and management of interconnected and interdependent processes within an organization to achieve specific business goals. It involves the design, execution, and monitoring of workflows, tasks, and activities to ensure seamless and efficient collaboration among different systems, applications, and stakeholders.

Sizing and Forecast
The process orchestration market size has grown exponentially in recent years. It will grow from $4.60 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to rise of enterprise resource planning (ERP) systems, service-oriented architecture (SOA) adoption, business process management (bpm) movement, cloud computing emergence, increasing complexity of IT environments.

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Segmentation & Regional Insights
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

North America was the largest region in the process orchestration market in 2023. 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.

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Major Driver Impacting Market Growth
The growth in demand for digital transformation is expected to propel the growth of the process orchestration market going forward. Digital transformation is the process of integrating digital technologies into all areas of a business, fundamentally changing how it operates and delivers value to customers. Process orchestration is used as a critical component in digital transformation by providing a strategy to govern the coordinated and efficient execution of automation initiatives. It is used to enable organizations to streamline, automate, and optimize their business processes, leading to greater efficiencies and improved customer experiences. For instance, in October 2022, according to the International Data Corporation, a US-based provider of advisory services, global spending on digital transformation reached $1.8 trillion by the end of 2022 and is expected to rise to $2.8 trillion by 2025. Therefore, the growth in demand for digital transformation is driving the growth of the process orchestration market.

Key Industry Players
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

The process orchestration market report table of contents includes:

1. Executive Summary

2. Process Orchestration Market Characteristics

3. Process Orchestration Market Trends And Strategies

4. Process Orchestration Market – Macro Economic Scenario
5. Global Process Orchestration Market Size and Growth
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32. Global Process Orchestration Market Competitive Benchmarking

33. Global Process Orchestration Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Process Orchestration Market

35. Process Orchestration Market Future Outlook and Potential Analysis

36. Appendix

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