Orchestration Tools Market, By Application (Provisioning, Compliance Auditing, Management, and Monitoring, Metering, and Billing, Autoscaling), By Vertical (Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Education, Government and Public Sector, Healthcare and Life Sciences, Manufacturing, Media and Entertainment, Telecommunication and ITES, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
The adoption of orchestration tools has increased, owing to the increasing need to maintain workflow and resource allocation and ensure seamless execution of the processes stacked in the cloud infrastructure. The growth of the market is driven by multiple factors, such as the increasing adoption of cloud technology by various industry verticals in order to ensure the safety of the data and its accessibility irrespective of geographic location.
Market Dynamics:
Companies are increasingly focusing on revenue and sales growth, and focus on cost-cutting to increase their profit margins. For this purpose, optimum utilization of resources is important. For instance, in an organization, in order to run a cloud environment smoothly, it requires optimization of resources and this will reduce human intervention and the automated systems will offer higher accuracy. Allocation of resources at appropriate instances and functions is among the key features offered by orchestration tools and the same is expected to boost growth of the market during the forecast period. Cloud orchestration is facilitating intelligent prioritization of the tasks at disposal thereby, allowing organizations to save on time, cost incurred, human efforts, and most importantly reduce turnaround time (TAT).
Orchestration tools are gaining traction as they aid in managing and prioritizing complex processes in a cloud environment. This allows multiple processes to be automated and performed remotely, thus, reducing the risk of data theft or data loss due to some physical damage to the servers. Cloud orchestration irrespective of offering multiple benefits is being relatively adopted at a much lower pace. For such delayed and gradual adoption of cloud orchestration tools, multiple factors are responsible, such as the high initial cost of deployment and lack of expertise in efficiently orchestrating the tasks in the cloud environment and thereby, maintaining operational efficiency.
Key features of the study:
This report provides in-depth analysis of the global orchestration tools market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global orchestration tools market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include IBM Corporation, Hewlett Packard Enterprise Company, Oracle Corporation, Cisco Systems, Inc., Amazon Web Services, Vmware, Inc., Computer Sciences Corporation, Red Hat, Inc., Servicenow, Inc., and BMC Software.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global orchestration tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global orchestration tools market
Detailed Segmentation:
Global Orchestration Tools Market, By Application
Provisioning
Compliance Auditing
Management and Monitoring
Metering and Billing
Autoscaling
Global Orchestration Tools Market, By Vertical
Banking, Financial Services, and Insurance (BFSI)
Consumer Goods and Retail
Education
Government and Public Sector
Healthcare and Life Sciences
Manufacturing
Media and Entertainment
Telecommunication and ITES
Others
Global Orchestration Tools Market, By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Company Profiles:
IBM Corporation*
Hewlett Packard Enterprise Company
Oracle Corporation
Cisco Systems, Inc.
Amazon Web Services
VMware, Inc.
Computer Sciences Corporation
Red Hat, Inc.
Servicenow, Inc.
BMC Software