DUBLIN--(BUSINESS WIRE)--The "Process Orchestration Market by Component, Business Function (Supply Chain Management and Order Fulfillment, Marketing, and Human Resource Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The process orchestration market size is expected to grow from USD 3.79 billion in 2018 to USD 8.50 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.
The process orchestration solutions empower enterprises and enable them to efficiently plan their business processes. This solution also helps streamline business processes and improve operational efficiency, which enable companies to fully utilize their IT systems for catering to their customers' dynamic requirements. The process orchestration market is expected to gain traction, as organizations are deploying adequate process orchestration solutions to effectively utilize their IT resources and reduce operational costs.
The solution segment is estimated to contribute to the larger market size in 2018. Process orchestration solution helps enterprises optimize their costs and resources, which further reduces their business risks. The process orchestration solution is widely adopted among industry verticals, due to the increasing need to streamline business processes. However, the services segment is expected to grow at a higher CAGR, as organizations are focusing on reducing operational costs.
The cloud deployment model is being rapidly adopted in the process orchestration market. Enhanced security features, interactive dashboards, ease of flexibility, and better scalability are some of the major factors that are expected to encourage enterprises across the globe to adopt the cloud deployment.
APAC is expected to be the fastest growing region during the forecast period. Rapid economic developments, globalization, digitalization, and the increased adoption of cloud-based technologies are expected to drive the growth of the process orchestration market in the APAC region.
- CA Technologies
- Micro Focus
- BMC Software
- Newgen Software
- Software AG
- Tibco Software
- Icaro Tech
- EQ Technologic
- Data Ductus
- Arvato AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Process Orchestration Market, By Component
7 Market By Business Function
8 Process Orchestration Market, By Deployment Type
9 Market By Organization Size
10 Market By Industry Vertical
11 Process Orchestration Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5f4d6k/global_process?w=4