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Process Orchestration Market Share

Name: Process Orchestration Market Share 2019-2025 Industry Size Report
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI3143
Published Date: Feb 2019
Report Format: PDF

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Process Orchestration Market Share

Several process orchestration solution providers are observing a higher demand from emerging markets of Asia, Latin America, Eastern Europe, and Africa. The companies operating in this market are involved in strategic partnerships and acquisitions to increase their footprint in the global market and sustain in the long run. For instance, in November 2018, SAP acquired Contextor, a leading designer and integrator of Robotic Process Automation (RPA). This acquisition is a step toward enhancing its capabilities in orchestrating process automation and including RPA capabilities into its applications. The major players functioning in the process orchestration market are :

Cisco
IBM
Arvato
Ayehu
CA Technologies
Cortex
Fujitsu
SAP
HCL
Micro Focus
Dealflo
Oracle
TIBCO
Wipro
ServiceNow
Software AG

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of process orchestration was estimated at over USD 3 billion in 2018.

The industry share of process orchestration will grow at a CAGR of 13% between 2019 and 2025.

As per Global Market Insights, Inc., North America is pegged to make the biggest contribution to revenue growth owing to increasing demand for cloud-based solutions and automation of industrial services.

The BFSI sector is projected to grow at a faster rate over the coming years as banking establishments throughout the globe are adopting numerous digital technologies as well as channels to increase their revenue and footprint.

According to this research report by GMI, the SMEs are anticipated to witness fastest growth rate in the market, growing at a CAGR of over 17% between 2019 and 2025.

The major industry players are Cisco, IBM, Arvato, Ayehu, CA Technologies, Cortex, Fujitsu, SAP, HCL, Micro Focus, Dealflo, Oracle, TIBCO, Wipro, ServiceNow, and Software AG.