According to the latest report by IMARC Group, titled “Cloud Orchestration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global cloud orchestration market size reached US$ 14.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 41.1 Billion by 2027, exhibiting a growth rate (CAGR) of 18.97% during 2022-2027.
Industry Overview:
Cloud orchestration uses various programming technologies to manage the interconnection and interactions among workloads on public and private cloud platforms. It provides various solutions, such as configuration, managed support, and portable services through different models, including software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). Cloud orchestration is widely used in cloud-based service management, networking, application programming interface (API), virtualization, and storage capacity management. It reduces overall cost, improves operational efficiency, increases business agility, accelerates service delivery, and eliminates provisioning errors. As a result, it finds extensive applications across the retail, manufacturing, healthcare, information technology (IT), and telecommunication industries.
Market Trends:
The increasing adoption of hybrid cloud architecture across enterprises represents one of the key factors driving the cloud orchestration market growth. Cloud orchestration automates tasks across domains, enables optimum resource utilization, and provides self-service provisioning without the need for IT intervention, which, in turn, reduces overall cost and improves operational efficiency.
Furthermore, widespread product adoption by several end user industries for enhanced business orientation is acting as another growth-inducing factor. Additionally, the introduction of artificial intelligence (AI)- and machine learning (ML)-driven cloud orchestration to maximize network performance and service quality in fifth-generation (5G) communication is providing an impetus to market growth. Other factors, including significant improvements in the IT infrastructure and widespread adoption by small- and medium-sized organizations to improve business functionality, are anticipated to drive the market growth.
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Cloud Orchestration Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global cloud orchestration market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amazon Web Services Inc. (Amazon.com Inc.)
- BMC Software Inc.
- Cisco
- FlexiScale Technologies Limited.
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Oracle Corporation
- Rackspace Technology Inc
- VMware Inc. (Dell Technologies Inc.)
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Key Market Segmentation:
The report has segmented the global cloud orchestration market on the basis of solution, deployment model, user type, industry vertical and region.
Breakup by Solution:
- Configuration
- Managed Support
- Portable Service
- Others
Breakup by Deployment Model:
- Private
- Public
- Hybrid
Breakup by User Type:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Banking, Financial Services, and Insurance (BFSI)
- Government and Education
- Healthcare
- IT and Telecom
- Retail
- Manufacturing
- Media and Entertainment
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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