Product Code: GVR-4-68039-987-1
Process Orchestration Market Growth & Trends:
The global process orchestration market size is estimated to reach USD 22.79 billion by 2030, expanding at a CAGR of 20.4% from 2022 to 2030, according to a new study by Grand View Research, Inc. Bullish demand to boost resiliency and integrate advanced technologies and tools with a single orchestration platform has propelled the industry growth. Process orchestration has become sought-after among IT teams to manage the entire process lifecycle, such as managing, monitoring, and testing. Prominently, process orchestration tools are innately designed to integrate technologies robustly.
The use of advanced technologies, including chatbots, has augured well for the industry players gearing to boost their portfolios. Chatbots have gained ground as a primary customer service medium amidst an exponential rise in customer requests. Moreover, AI-powered process orchestration is likely to be sought to provide proactive customer services. The trend for automation across enterprises has provided an impetus to the industry across developing and developed countries. With organizations gearing to boost digital transformation and foster customer experience, industry players are likely to prioritize process orchestration.
The healthcare sector is witnessing promising growth for process orchestration services, mainly attributed to expanding footfall of connected devices. The trend for a patient-centric approach with the rising prominence of software as a device and personalized devices will bode well for the industry's growth. Moreover, Medtech companies are cashing in on the growing footfall of cloud computing, AI, and ML. Forward-looking companies are likely to use predictive analytics and big data to foster innovations in the healthcare industry. Process orchestration is expected to bring a paradigm shift with digital health, patient-centricity, and regulatory changes redefining the healthcare sector.
From the regional perspective, Europe could witness investment galore following the trend for Industry 4.0 across the U.K., France, Italy, Germany, and Spain. The growing footprint of technological advancements and the need to ensure appropriate governance processes have prompted leading players to solidify their position across the Europe market. Besides, the orchestration has also become sought-after to provide real-time reports on performance and status, encouraging end-user sectors to prioritize the solution.
Well-established players, startups, CIOs, and other stakeholders could focus on process orchestrations to automate processes and leverage organizations to emphasize business innovation. Prominent companies could inject funds into organic and inorganic growth strategies, including mergers & acquisitions, product launches, technological advancements, and R&D activities. To illustrate, in March 2021, SAP reportedly completed the acquisition of Signavio to help companies rapidly transform, enhance, manage and understand their business processes at scale.
Process Orchestration Market Report Highlights:
- In terms of the deployment model, the on-premises segment will grow due to the need to manage outages and migrate repositories
- Based on vertical, the BFSI sector accounts for a considerable share of the global market. The trend is attributed to the digitization trend across the industry verticals
- North America is likely to provide lucrative opportunities with the rising footprint of the retail sector across the U.S. and Canada. Retailers have shown increased traction for process orchestration on the back of the uptake of online shopping across the region
- Some of the leading players, such as IBM Corporation, SAP SE, Cisco Systems Inc., Oracle Inc., Wipro Ltd, TIBCO, Everteam, BMC, CA Technologies, Cortex, ServiceNow, and Newgen Software, are poised to boost their portfolios to tap into the global market
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Information Procurement and Research Scope
- 1.2 Information Analysis
- 1.3 Market Formulation & Data Visualization
- 1.4 Market Scope and Assumptions
- 1.4.1 Secondary Sources
- 1.4.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Global Process Orchestration Market
- 2.2.1 Process Orchestration Market, 2017 - 2030
- 2.2.2 Process Orchestration Market, by Region, 2017 - 2030
- 2.2.3 Process Orchestration Market, by Component, 2017 - 2030
- 2.2.4 Process Orchestration Market, by Deployment, 2017 - 2030
- 2.2.5 Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 2.2.6 Process Orchestration Market, by Vertical, 2017 - 2030
- 2.3 Segmental Trends
Chapter 3 Process Orchestration Market Variables, Trends & Scope
- 3.1 Market Segmentation & Scope
- 3.2 Process Orchestration- Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Drivers
- 3.3.1.1 Increasing adoption of a cloud-based solution
- 3.3.1.2 Prominent growth of technology
- 3.3.1.3 Rising demand for automated systems and solutions
- 3.3.2 Market Restraints
- 3.3.2.1 Limited Ability to Enhance a Process
- 3.3.2.2 Degradation of quality and performance in some cases.
- 3.4 Industry Analysis - Porter's
- 3.4.1 Supplier Power
- 3.4.2 Buyer Power
- 3.4.3 Substitution Threat
- 3.4.4 Threat From New Entrant
- 3.4.5 Competitive Rivalry
- 3.5 Key Opportunities - Prioritized
- 3.6 Process Orchestration Market - Key Company Analysis, 2021
- 3.6.1 Key Company Analysis, 2021
- 3.6.2 List of Key Market Players
- 3.7 Process Orchestration- PEST Analysis
- 3.7.1 Political
- 3.7.2 Economic
- 3.7.3 Social
- 3.7.4 Technological
Chapter 4 Process Orchestration: Component Outlook
- 4.1 Process Orchestration Market Share by Component, 2021 & 2030
- 4.2 Software
- 4.2.1 Software Process Orchestration Market, by Region, 2017 - 2030
- 4.3 Services
- 4.3.1 Services Process Orchestration Market, by Region, 2017 - 2030
Chapter 5 Process Orchestration: Deployment Outlook
- 5.1 Process Orchestration Market Share by Deployment, 2021 & 2030
- 5.2 Cloud
- 5.2.1 Cloud Process Orchestration Market, by Region, 2017 - 2030
- 5.3 On-Premise
- 5.3.1 On-Premise Process Orchestration Market, by Region, 2017 - 2030
Chapter 6 Process Orchestration: Enterprise Size Outlook
- 6.1 Process Orchestration Market Share by Enterprise Size, 2021 & 2030
- 6.2 Large Enterprises
- 6.2.1 Large Enterprises Process Orchestration Market, by Region, 2017 - 2030
- 6.3 Small and Medium Enterprises
- 6.3.1 Small and Medium Enterprises Market, by Region, 2017 - 2030
Chapter 7 Process Orchestration: Vertical Outlook
- 7.1 Process Orchestration Market Share by Vertical, 2021 & 2030
- 7.2 BFSI
- 7.2.1 BFSI Process Orchestration Market, by Region, 2017 - 2030
- 7.3 Manufacturing
- 7.3.1 Manufacturing Process Orchestration Market, by Region, 2017 - 2030
- 7.4 Healthcare
- 7.4.1 Healthcare Process Orchestration Market, by Region, 2017 - 2030
- 7.5 IT and Telecommunications
- 7.5.1 IT and Telecommunications Process Orchestration Market, by Region, 2017 - 2030
- 7.6 Retail
- 7.6.1 Retail Process Orchestration Market, by Region, 2017 - 2030
- 7.7 Healthcare
- 7.7.1 Healthcare Process Orchestration Market, by Region, 2017 - 2030
- 7.8 Energy and utilities
- 7.8.1 Energy and utilities Process Orchestration Market, by Region, 2017 - 2030
- 7.9 Others
- 7.9.1 Others Process Orchestration Market, by Region, 2017 - 2030
Chapter 8 Process Orchestration: Regional Outlook
- 8.1 North America
- 8.1.1 North America Process Orchestration Market, by Component, 2017 - 2030
- 8.1.2 North America Process Orchestration Market, by Deployment, 2017 - 2030
- 8.1.3 North America Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.1.4 North America Process Orchestration Market, by Vertical, 2017 - 2030
- 8.1.5 U.S.
- 8.1.5.1 U.S. Process Orchestration Market, by Component, 2017 - 2030
- 8.1.5.2 U.S. Process Orchestration Market, by Deployment, 2017 - 2030
- 8.1.5.3 U.S. Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.1.5.4 U.S. Process Orchestration Market, by Vertical, 2017 - 2030
- 8.1.6 Canada
- 8.1.6.1 Canada Process Orchestration Market, by Component, 2017 - 2030
- 8.1.6.2 Canada Process Orchestration Market, by Deployment, 2017 - 2030
- 8.1.6.3 Canada Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.1.6.4 Canada Process Orchestration Market, by Vertical, 2017 - 2030
- 8.1.7 Mexico
- 8.1.7.1 Mexico Process Orchestration Market, by Component, 2017 - 2030
- 8.1.7.2 Mexico Process Orchestration Market, by Deployment, 2017 - 2030
- 8.1.7.3 Mexico Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.1.7.4 Mexico Process Orchestration Market, by Vertical, 2017 - 2030
- 8.2 Europe
- 8.2.1 Europe Process Orchestration Market, by Component, 2017 - 2030
- 8.2.2 Europe Process Orchestration Market, by Deployment, 2017 - 2030
- 8.2.3 Europe Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.2.4 Europe Process Orchestration Market, by Vertical, 2017 - 2030
- 8.2.5 Germany
- 8.2.5.1 Germany Process Orchestration Market, by Component, 2017 - 2030
- 8.2.5.2 Germany Process Orchestration Market, by Deployment, 2017 - 2030
- 8.2.5.3 Germany Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.2.5.4 Germany Process Orchestration Market, by Vertical, 2017 - 2030
- 8.2.6 U.K.
- 8.2.6.1 U.K. Process Orchestration Market, by Component, 2017 - 2030
- 8.2.6.2 U.K. Process Orchestration Market, by Deployment, 2017 - 2030
- 8.2.6.3 U.K. Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.2.6.4 U.K. Process Orchestration Market, by Vertical, 2017 - 2030
- 8.2.7 France
- 8.2.7.1 France Process Orchestration Market, by Component, 2017 - 2030
- 8.2.7.2 France Process Orchestration Market, by Deployment, 2017 - 2030
- 8.2.7.3 France Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.2.7.4 France Process Orchestration Market, by Vertical, 2017 - 2030
- 8.3 Asia Pacific
- 8.3.1 Asia Pacific Process Orchestration Market, by Component, 2017 - 2030
- 8.3.2 Asia Pacific Process Orchestration Market, by Deployment, 2017 - 2030
- 8.3.3 Asia Pacific Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.3.4 Asia Pacific Process Orchestration Market, by Vertical, 2017 - 2030
- 8.3.5 China
- 8.3.5.1 China Process Orchestration Market, by Component, 2017 - 2030
- 8.3.5.2 China Process Orchestration Market, by Deployment, 2017 - 2030
- 8.3.5.3 China Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.3.5.4 China Process Orchestration Market, by Vertical, 2017 - 2030
- 8.3.5 Japan
- 8.3.6.1 Japan Process Orchestration Market, by Component, 2017 - 2030
- 8.3.6.2 Japan Process Orchestration Market, by Deployment, 2017 - 2030
- 8.3.6.3 Japan Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.3.6.4 Japan Process Orchestration Market, by Vertical, 2017 - 2030
- 8.3.7 India
- 8.3.7.1 India Process Orchestration Market, by Component, 2017 - 2030
- 8.3.7.2 India Process Orchestration Market, by Deployment, 2017 - 2030
- 8.3.7.3 India Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.3.7.4 India Process Orchestration Market, by Vertical, 2017 - 2030
- 8.4 South America
- 8.4.1 South America Process Orchestration Market, by Component, 2017 - 2030
- 8.4.2 South America Process Orchestration Market, by Deployment, 2017 - 2030
- 8.4.3 South America Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.4.4 South America Process Orchestration Market, by Vertical, 2017 - 2030
- 8.4.5 Brazil
- 8.4.5.1 Brazil Process Orchestration Market, by Component, 2017 - 2030
- 8.4.5.2 Brazil Process Orchestration Market, by Deployment, 2017 - 2030
- 8.4.5.3 Brazil Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.4.5.4 Brazil Process Orchestration Market, by Vertical, 2017 - 2030
- 8.5 MEA
- 8.5.1 MEA Process Orchestration Market, by Component, 2017 - 2030
- 8.5.2 MEA Process Orchestration Market, by Deployment, 2017 - 2030
- 8.5.3 MEA Process Orchestration Market, by Enterprise Size, 2017 - 2030
- 8.5.4 MEA Process Orchestration Market, by Vertical, 2017 - 2030
Chapter 9 Competitive Landscape
- 9.1 SAP SE
- 9.1.1 Company Overview
- 9.1.2 Financial Performance
- 9.1.3 Product Benchmarking
- 9.1.4 Recent Developments
- 9.2 Cisco Systems Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Performance
- 9.2.3 Product Benchmarking
- 9.2.4 Recent Developments
- 9.3 Oracle Inc
- 9.3.1 Company Overview
- 9.3.2 Financial Performance
- 9.3.3 Product Benchmarking
- 9.3.5 Recent Developments
- 9.4 Wipro Ltd
- 9.4.1 Company Overview
- 9.4.2 Financial Performance
- 9.4.3 Product Benchmarking
- 9.4.4 Recent Developments
- 9.5 TIBCO
- 9.5.1 Company Overview
- 9.5.2 Financial Performance
- 9.5.3 Product Benchmarking
- 9.5.4 Recent Developments
- 9.6 Everteam
- 9.6.1 Company Overview
- 9.6.2 Financial Performance
- 9.6.3 Product Benchmarking
- 9.6.4 Recent Developments
- 9.7 BMC
- 9.6.1 Company Overview
- 9.6.2 Financial Performance
- 9.6.3 Product Benchmarking
- 9.6.4 Recent Developments
- 9.8 CA Technologies
- 9.8.1 Company Overview
- 9.8.2 Product Benchmarking
- 9.8.3 Recent Developments
- 9.9 Cortex
- 9.9.1 Company Overview
- 9.9.2 Product Benchmarking
- 9.9.3 Recent Developments
- 9.10 ServiceNow
- 9.10.1 Company Overview
- 9.10.2 Product Benchmarking
- 9.10.3 Recent Developments
- 9.11 Newgen Software
- 9.11.1 Company Overview
- 9.11.2 Product Benchmarking
- 9.11.3 Recent Developments
- 9.12 IBM Corporation
- 9.12.1 Company Overview
- 9.12.2 Financial Performance
- 9.12.3 Product Benchmarking
- 9.12.4 Recent Developments