Workflow Orchestration Market Growing at CAGR of 29.8% | Key Players Microsoft, IBM, VMware, CA Technologies, Servicenow

October 04 10:02 2019
Workflow Orchestration Market Growing at CAGR of 29.8% | Key Players Microsoft, IBM, VMware, CA Technologies, Servicenow

Microsoft (US), IBM (US), Cisco Systems (US), Oracle (US), VMware (US), CA Technologies (US), Arvato AG (Germany), BMC Software (US), ServiceNow (US), Micro Focus (UK), Dalet SA (France), and Ayehu Software Technologies (US)
Workflow Orchestration Market by Type (Cloud Orchestration, Data Center Orchestration, Business Process Orchestration, and Security Orchestration), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2022

Workflow orchestration is the automation, control, and connection of workflows. This process entails the use of tools capable of coordinating various business processes to automate a particular task. The Workflow Orchestration Market is projected to grow from USD 13.81 billion in 2017 to USD 50.82 billion by 2022, at a CAGR of 29.8% during the forecast period. The growth of the workflow orchestration market is primarily driven by the need to improve operational efficiency, productivity levels, and business outcomes. Digital transformation of organizations and the need to streamline business processes are expected to offer lucrative growth opportunities to workflow orchestration providers in the near future.

The workflow orchestration market has been segmented on the basis of type, organization size, vertical, and region. Based on type, the workflow orchestration market has been classified into cloud orchestration, data center orchestration, network management, business process orchestration, and security orchestration. Based on organization size, the workflow orchestration market has been segmented into large enterprises and Small & Medium-sized Enterprises (SMEs). Based on vertical, the workflow orchestration market has been segmented into IT & telecommunication; media & entertainment; BFSI; e-commerce, retail & consumer goods; public sector; manufacturing & automotive; healthcare & pharmaceutical; travel & hospitality; and others. Based on region, the workflow orchestration market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

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Based on type, the business process orchestration segment of the workflow orchestration market is expected to grow at the highest CAGR from 2017 to 2022. The growth of the business process orchestration segment can be attributed to the need to streamline business flows and ensure agility in business processes.

The workflow orchestration market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased adoption of cloud technologies and workflow orchestration services and solutions by organizations in this region.

Major players operating in the workflow orchestration market include Microsoft (US), IBM (US), VMware (US), Oracle (US), Cisco Systems (US), CA Technologies (US), ServiceNow (US), BMC Software (US), Dalet SA (France), Arvato AG (Germany), Ayehu Software Technologies (US), and Micro Focus (UK).  These players have adopted key growth strategies, such as new product launches and product enhancements, to strengthen their product portfolios and enhance their presence in the workflow orchestration market.

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