Process Orchestration Market Research Report, By Function (Marketing Human Resource Management, Finance and Accounting), Component (Solution, Service), Deployment Type (Cloud), Organization Size (SMEs, Large Enterprise) Industrial Vertical (BFSI)—Global Forecast till 2023
— Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global process orchestration market is marked to exhibit noteworthy expansion at a CAGR of 16.8% during the forecast period of 2018-2023 and reach the market valuation of USD 8.60 Bn by the end of the review period from USD 3.45 Bn in the year 2017. Rapid industrialization and globalization are inducing high demand for improving operational efficiency of various small to large enterprises. Process orchestration aids in streamlining various business processes for optimizing business productivity. Hence, rapid industrialization, global digitalization and increased adoption of process automation services are majorly fueling the growth of the global process orchestration market during the assessment period.
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The global process orchestration market has been segmented on the basis of function, component, deployment, organization size, industry vertical, and region. Based on function, the global process orchestration market has been segmented into supply chain management and order fulfillment marketing, finance and accounting, human resource management, customer service, and support. Based on component, the global process orchestration market has been segmented into solution and service. Based on deployment, the global process orchestration market has been segmented into cloud and on-premise. Based on organization size, the global process orchestration market has been segmented into small and medium-sized enterprise and large enterprise. Based on industrial vertical, the global process orchestration market has been segmented into BFSI, telecom and IT, media and entertainment, consumer goods and retail, manufacturing, transportation and logistics, energy and utilities, and others.
The prime players profiled by Market Research Future (MRFR) that are operating in the global process orchestration market are SAP SE (Germany), IBM Corporation (the U.S.), Oracle Corporation (the U.S.), CA Technologies (the U.S.), ServiceNow Inc (the U.S.), Cisco Systems Inc (the U.S.), BMC Software Inc (the U.S.), Fujitsu Ltd (Japan), OpenText Corporation (Canada), Newgen Software Technologies Limited (the U.S.), Software AG (Germany), HCL Technologies Limited (India), Wipro (India), Micro Focus International PLC (the U.K.), Arvato AG (Germany), Ayehu Software Technologies Ltd (the U.S.), Micro Focus International PLC (the U.K.), Cortex Ltd (England), eQ Technologic (the U.S.), PMG.net (the U.S.), and others.
Geographically, the global Process Orchestration Market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. The North America region command the largest share of the global process orchestration market owing to the high demand for automation of services in various industrial sectors, increased reliance on cloud-based services as a result of easy adoption of technologically advanced solutions by various small to large enterprises, and rapid industrialization in this region. Presence of large number of leading service providers such as Oracle Corporation, CA Technologies, ServiceNow Inc, IBM Corporation, and others is also fueling the growth of the process orchestration market in the North America region. Rapid industrialization, globalization and increased emphasis on digitalization and automation of services with the help of technologically advanced solutions are fueling the growth of the process orchestration market in the Asia Pacific region.
In February 2019, Kofax, a supplier of Intelligent Automation software to digitally transform and automate end-to-end business processes, has announced that it has entered in an agreement to acquire Top Image Systems™ Ltd., a leading innovator of on-premise and cloud-based application for optimization of content-driven business processes.
In February 2019, Kofax, a leading supplier of Intelligent Automation software for end-to-end business process orchestration, has announced that it has acquired Nuance Document Imaging (NDI), a division of Nuance Communication, Inc.
In January 2019, NetSPI LLC, a leading provider of security testing and orchestrated vulnerability management services, has announced the launch of end-to-end vulnerability management and process orchestration solution named NetSPI Resolve.
TABLE OF CONTENTS
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
LIST OF TABLES
Table1 Global Process Orchestration Market, By Country, 2018-2023
Table2 North America: Process Orchestration Market, By Country, 2018–2023
Table3 Europe: Process Orchestration Market, By Country, 2018–2023
Table4 Asia-Pacific: Process Orchestration Market, By Country, 2018–2023
Table5 Latin America: Process Orchestration Market, By Country, 2018–2023
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LIST OF FIGURES
Figure 1 Global Process Orchestration Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Process Orchestration Market
Figure 4 Value Chain Of Global Process Orchestration Market
Figure 5 Share Of Process Orchestration Market In 2018, By Country (In %)
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