Workflow Orchestration Market worth 50.82 Billion USD by 2022
The report "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", The
workflow orchestration market is estimated to be USD 13.81 Billion in 2017 and is projected to
reach USD 50.82 Billion by 2022, at a CAGR of 29.8% from 2017 to 2022. The growth of the
workflow orchestration market can be attributed to the need to achieve improved business
outcomes and enhance operational efficiency as well as productivity level.
Browse 65 tables and 39 figures spread through 118 pages and in-depth TOC on "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"
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184263782.html
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Based on type, the business process orchestration segment of the workflow orchestration
market is expected to witness the highest growth during the forecast period.
Based on type, the business process orchestration segment is projected to grow at the highest
CAGR during the forecast period. Business process orchestration refers to modeling,
implementing, integrating, and monitoring of custom process applications. It enables
organizations to significantly reduce time and cost needed to model and implement business
processes, services, and applications. Thus, the adoption of business process orchestration by
enterprises worldwide is projected to drive the growth of the business process orchestration
segment.
Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the
workflow orchestration market is expected to grow at the highest CAGR during the
forecast period.
Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the
workflow orchestration market is projected to witness the highest growth during the forecast
period. This growth can be attributed to the adoption of workflow orchestration by SMEs to
streamline business processes, reduce downtime, and improve business efficiency.
Based on vertical, the IT & telecommunication segment is estimated to lead the workflow
orchestration market in 2017.