PUBLISHER: Allied Market Research | PRODUCT CODE: 1139896
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139896
Process orchestration is the platform, which allows the orchestration of several business activities among individuals, processes, and systems and is used for developing custom workflow operations. It provides a platform, which supports both IT and business experts to work together and monitor business process applications and safely exchanging the information. This platform helps businesses to effectively serve the business processes. In addition, it is well-known to push forward the efficiency of business operations. The selection of such platforms has reduced manufacturing costs and helped to enhance the value chain and the whole operations of an organization. Business process orchestration is the method of controlling the business process with the help of web-based services. This process assists in developing future of business process management and has the capability to change the way of business and information technology interaction. Business process orchestration is described as business process, workflow, or instrumentation of services. It outlines the company's internal control flow framework and provides detailed information about the limitations and occurrence process.
The increase in adoption of business process automation technologies by businesses to improve efficiency, quality of business operations, and interactions with other companies and customers, as they involve in e-business transactions are some factors driving the growth of process orchestration market. In addition, the rise in deployment of sufficient business solutions by organizations to reduce operational costs and efficiently utilize their IT resources drives the market growth. However, lack of knowledge among users, misunderstanding around business process orchestration, and rise in regulations & compliance requirements are expected to hamper the growth of the market. Furthermore, the integration of latest technology such as artificial intelligence and improved IT methods to meet customer's dynamic requirements are expected to provide lucrative opportunities to the process orchestration market.
The process orchestration market is segmented on the basis of component, organization size, deployment, industry vertical, and region. On the basis of component, the market is segmented into software and services. According to the organization size, it is fragmented into large enterprises and SME's. On the basis of deployment, the market is segmented into cloud and on-premise. Depending on industry vertical, it is segregated into BFSI, manufacturing, healthcare and pharmaceuticals, IT & telecommunications, retail and consumer goods, government & defense, energy & utilities, transportation & logistics and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are BMC Software, Inc., CA Technologies, Cisco Systems, Inc., HCL Technologies Limited, Micro Focus, Oracle Corporation, SAP SE, ServiceNow, Inc., and TIBCO Software, Inc.
Key Benefits For Stakeholders
Key Market Segments
By Industry Vertical
By Component
By Deployment Model
By Enterprise Size
By Region