Process Orchestration Market by Component, Business Function (Supply Chain Management and Order Fulfillment, Marketing, and Human Resource Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023
[157 Pages Report] The global process orchestration market to grow from USD 3.25 billion in 2017 to USD 8.50 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period. The forecast period has been considered from 2018 to 2023, whereas 2017 is considered as the base year for estimating the market study.
Objectives of the Study:
The main objective of this report is to define, describe, and forecast the process orchestration market on the basis of segments that include components (solution and services), business functions, deployment types, organization size, industry verticals, and regions. The report provides detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market (). This report forecasts the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the market.
The research methodology used to estimate and forecast the process orchestration market began with the collection and analysis of data on the product offerings of vendors and their business strategies from secondary sources, such as press releases, investor presentations of companies, white papers, technology journals, certified publications, articles from recognized authors, directories, and databases. The offerings of vendors have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total size of the global market from the revenues of key market solution and service providers. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process, and to arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the figure below:
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Industry Ecosystem
The process orchestration ecosystem comprises process orchestration service and solution providers, such as SAP (Germany), IBM (US), Oracle (US), CA Technologies (US), ServiceNow (US), Cisco (US), BMC Software (US), Fujitsu (Japan), OpenText (Canada), TIBCO (US), Software AG (Germany), HCL (India), Wipro (India), Newgen Software (India),Everteam (France), Arvato (Germany), Ayehu (US), Micro Focus (UK), Icaro Tech (Brazil), Cortex (UK), eQ Technologic (US), PMG (US), Nipendo (US),Dealflo (UK) ,and Data Ductus (Sweden).
Key Target Audience
- Process orchestration solution vendors
- Automation service providers
- Business Process Management (BPM) vendors
- Consulting service providers
- Resellers
- Research organizations
- Enterprise users
- Technology providers
- Value-Added Resellers (VARs)
- Cloud service providers
- Government organizations
- Communications Service Providers (CSPs)
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The research report segments the process orchestration market into following submarkets:
- By Component
The process orchestration market has been segmented into following components:
- Solution
- Services
- Managed Services
- Professional Services
- Consulting
- Training and Education
- Support and Maintenance
- By Business Function
- Supply Chain Management and Order Fulfillment
- Marketing
- Human Resource Management
- Finance and Accounting
- Customer Service and Support
- By Organization Size
Various organizations that are utilizing process orchestration solutions can be broken down into 2types:
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
- By Deployment Type
There are 2 deployment alternatives for the process orchestration market
- On-premises
- Cloud
- By Industry Vertical
The process orchestration market has been categorized into the following industry verticals:
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Consumer Goods and Retail
- Media and Entertainment
- Manufacturing
- Transportation and Logistics
- Energy and Utilities
- Others (government, healthcare, education, and travel and hospitality)
- By Region
The process orchestration market has been segmented into the following regions:
- North America
- Europe
- APAC
- MEA
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further deep dive country-level analysis
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
The process orchestration market is expected to grow from USD 3.79 billion in 2018 to USD 8.50 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period. Several factors that are expected to drive the market include the integration of Artificial Intelligence (AI) and Machin Learning (ML) technologies with the process orchestration solution, demand for IT resources according to business priorities, and improved IT systems to meet customers dynamic requirements. Industry verticals such as Banking, Financial Services, and Insurance (BFSI), and consumer goods and retail are expected to have significantly contributed to the growth of the market.
The process orchestration market has been segmented by component, business function, deployment type, organization size, industry vertical, and region. The solution segment is estimated to dominate the market in 2018, while the services segment is expected to witness the highest CAGR during the forecast period. Process orchestration solution and services are gaining popularity, as they empower enterprises for meeting their business requirements in a cost-effective manner.
Among deployments, the cloud deployment type is expected to gain traction during the forecast period, as it offers the agility of on-demand resource deployment and consumption. This deployment model is being preferred by organizations, because it offers ease of access along with reduced capital and operational expenses.
The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. The growing need to reduce operational costs and streamline business processes is expected to drive the adoption of process orchestration solution and services.
Process orchestration solution and services are being rapidly adopted by industry verticals, such as BFSI, telecom and IT, consumer goods and retail, media and entertainment, manufacturing, transportation and logistics, energy and utilities, and others (government, healthcare, education, and travel and hospitality), to optimize their business processes . The manufacturing industry vertical is expected to hold the largest market size during the forecast period. While the BFSI industry vertical is expected to present prospective opportunities for process orchestration vendors during the forecast period.
The process orchestration market has been segmented on the basis of regions, such as North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America, to provide a region-specific analysis. North America is expected to hold the largest market size during the forecast period, due to the presence of large process orchestration vendors in the region. This region is also considered to be one of the most advanced regions in terms of technology adoption and IT infrastructure optimization.
Process orchestration help organizations make more optimized use of their available workforce. Some of the organizations are still unaware of their benefits, and are quite reluctant to adopt process orchestration solution and services in their daily operations and functioning. There is a widespread misconception among organizations that the adoption of automation and orchestration is going to pose a threat to the job security of their workforce, as many manual processes performed by workers would be automated. With recent developments around data privacy and General Data Protection Regulation (GDPR) implementation in Europe, the organizations need to make changes in their process orchestration frameworks for complying with regulations. These factors may restraint the wide-scale adoption of process orchestration solution and services.
The increasing automation and on-time service delivery is expected to provide great opportunities for process orchestration solution and service vendors in the future. Major vendors who offer process orchestration solution and services across the globe include SAP (Germany), IBM (US), Oracle (US), CA Technologies (US), ServiceNow. (US), Cisco (US), BMC (US Fujitsu (Japan), OpenText (Canada), TIBCO (US), Software AG (Germany), HCL (India), Wipro (India), Newgen Software (India),Everteam (France), Arvato (Germany), Ayehu (US), Micro Focus (UK), Icaro Tech (Brazil), Cortex (England), eQ Technologic. (US), PMG.net (US), Nipendo (US), Dealflo (UK), and Data Ductus (Sweden). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the process orchestration market.
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Market Opportunities in the Process Orchestration Market
4.2 Market By Component
4.3 Market By Deployment Type
4.4 Market Top 3 Industry Verticals and Business Functions, 2018
4.5 Market By Organization Size
5 Market Overview and Industry Trends (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Digital Transformation Increasing Users Awareness for Optimizing Business Processes
5.2.1.2 Improved IT Systems to Serve Customers Dynamic Requirements
5.2.1.3 Growing Demand for Optimum Resource Utilization
5.2.2 Restraints
5.2.2.1 Organizational Capabilities and Culture
5.2.2.2 Regulations and Compliance Requirements
5.2.3 Opportunities
5.2.3.1 Increasing Demand of Enterprises to Streamline Business Processes
5.2.3.2 Integration of AI and Ml in Business Process Orchestration
5.2.3.3 Agility and Faster Time to Market
5.2.4 Challenges
5.2.4.1 Lack of Expertise and Knowledge Among End-Users
5.2.4.2 Compatibility Issues With the Existing Business Applications
5.3 Industry Trends
5.3.1 Process Orchestration Use Cases
5.3.1.1 Use Case 1: SAP
5.3.1.2 Use Case 2: SAP
5.3.1.3 Use Case 3: Kovarus
5.3.1.4 Use Case 4: Appviewx
6 Process Orchestration Market, By Component (Page No. - 39)
6.1 Introduction
6.2 Solution
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.2 Training and Education
6.3.1.3 Support and Maintenance
6.3.2 Managed Services
7 Market By Business Function (Page No. - 47)
7.1 Introduction
7.2 Supply Chain Management and Order Fulfillment
7.3 Marketing
7.4 Human Resource Management
7.5 Finance and Accounting
7.6 Customer Service and Support
8 Process Orchestration Market, By Deployment Type (Page No. - 54)
8.1 Introduction
8.2 Cloud
8.3 On-Premises
9 Market By Organization Size (Page No. - 58)
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises
10 Market By Industry Vertical (Page No. - 62)
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Telecom and IT
10.4 Consumer Goods and Retail
10.5 Media and Entertainment
10.6 Manufacturing
10.7 Transportation and Logistics
10.8 Energy and Utilities
10.9 Others
11 Process Orchestration Market, By Region (Page No. - 72)
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.2 Canada
11.3 Europe
11.3.1 United Kingdom
11.3.2 Germany
11.3.3 Rest of Europe
11.4 Asia Pacific
11.4.1 Australia and New Zealand
11.4.2 China
11.4.3 Japan
11.4.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 South Africa
11.5.4 Rest of Middle East and Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America
12 Competitive Landscape (Page No. - 96)
12.1 Overview
12.2 Market Ranking
12.3 Competitive Scenario
12.3.1 New Product Launches/Service Launches/Upgradations
12.3.2 Mergers and Acquisitions
12.3.3 Partnerships and Agreements
12.3.4 Business Expansions
13 Company Profiles (Page No. - 102)
13.1 Introduction
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.2 SAP
13.3 IBM
13.4 Oracle
13.5 Cisco
13.6 CA Technologies
13.7 Fujitsu
13.8 Micro Focus
13.9 HCL
13.10 Servicenow
13.11 Opentext
13.12 BMC Software
13.13 Newgen Software
13.14 Software AG
13.15 Wipro
13.16 Everteam
13.17 Tibco Software
13.18 Icaro Tech
13.19 Cortex
13.20 EQ Technologic
13.21 PMG.Net
13.22 Nipendo
13.23 Data Ductus
13.24 Arvato AG
13.25 Ayehu
13.26 Dealflo
*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 149)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (78 Tables)
Table 1 Currency Conversion
Table 2 Process Orchestration Market Size, By Component, 20162023 (USD Million)
Table 3 Solution: Market Size By Region, 20162023 (USD Million)
Table 4 Services: Market Size By Type, 20162023 (USD Million)
Table 5 Services: Market Size By Region, 20162023 (USD Million)
Table 6 Professional Services Market Size, By Type, 20162023(USD Million)
Table 7 Professional Services Market Size, By Region, 20162023 (USD Million)
Table 8 Consulting Market Size, By Region, 20162023 (USD Million)
Table 9 Training and Education Market Size, By Region, 20162023 (USD Million)
Table 10 Support and Maintenance Market Size, By Region, 20162023 (USD Million)
Table 11 Managed Services Market Size, By Region, 20162023 (USD Million)
Table 12 Process Orchestration Market Size, By Business Function, 20162023 (USD Million)
Table 13 Supply Chain Management and Order Fulfillment: Market Size By Region, 20162023 (USD Million)
Table 14 Marketing: Market Size By Region, 20162023 (USD Million)
Table 15 Human Resource Management: Market Size By Region, 20162023 (USD Million)
Table 16 Finance and Accounting: Market Size By Region, 20162023 (USD Million)
Table 17 Customer Service and Support: Market Size By Region, 20162023 (USD Million)
Table 18 Process Orchestration Market Size, By Deployment Type, 20162023 (USD Million)
Table 19 Cloud: Market Size By Region, 20162023 (USD Million)
Table 20 On-Premises: Market Size By Region, 20162023 (USD Million)
Table 21 Market Size By Organization Size, 20162023 (USD Million)
Table 22 Small and Medium-Sized Enterprises: Market Size By Region, 20162023 (USD Million)
Table 23 Large Enterprises: Market Size By Region, 20162023 (USD Million)
Table 24 Process Orchestration Market Size, By Industry Vertical, 20162023 (USD Million)
Table 25 Banking, Financial Services, and Insurance: Market Size, By Region, 20162023 (USD Million)
Table 26 Telecom and IT: Market Size By Region, 20162023 (USD Million)
Table 27 Consumer Goods and Retail: Market Size By Region, 20162023 (USD Million)
Table 28 Media and Entertainment: Market Size By Region, 20162023 (USD Million)
Table 29 Manufacturing: Market Size, By Region, 20162023 (USD Million)
Table 30 Transportation and Logistics: Market Size By Region, 20162023 (USD Million)
Table 31 Energy and Utilities: Market Size By Region, 20162023 (USD Million)
Table 32 Others: Market Size By Region, 20162023 (USD Million)
Table 33 Process Orchestration Market Size, By Region, 20162023 (USD Million)
Table 34 North America: Market Size By Country, 20162023 (USD Million)
Table 35 North America: Market Size By Component, 20162023 (USD Million)
Table 36 North America: Market Size By Service, 20162023 (USD Million)
Table 37 North America: Market Size By Professional Service, 20162023 (USD Million)
Table 38 North America: Market Size By Business Function, 20162023 (USD Million)
Table 39 North America: Market Size By Deployment Type, 20162023 (USD Million)
Table 40 North America: Market Size By Organization Size, 20162023 (USD Million)
Table 41 North America: Market Size By Industry Vertical, 20162023 (USD Million)
Table 42 Europe: Process Orchestration Market Size, By Country, 20162023 (USD Million)
Table 43 Europe: Market Size By Component, 20162023 (USD Million)
Table 44 Europe: Market Size By Service, 20162023 (USD Million)
Table 45 Europe: Market Size By Professional Service, 20162023 (USD Million)
Table 46 Europe: Market Size By Business Function, 20162023 (USD Million)
Table 47 Europe: Market Size By Deployment Type, 20162023 (USD Million)
Table 48 Europe: Market Size By Organization Size, 20162023 (USD Million)
Table 49 Europe: Market Size By Industry Vertical, 20162023 (USD Million)
Table 50 Asia Pacific: Process Orchestration Market Size, By Country, 20162023 (USD Million)
Table 51 Asia Pacific: Market Size By Component, 20162023 (USD Million)
Table 52 Asia Pacific: Market Size By Service, 20162023 (USD Million)
Table 53 Asia Pacific: Market Size By Professional Service, 20162023 (USD Million)
Table 54 Asia Pacific: Market Size By Business Function, 20162023 (USD Million)
Table 55 Asia Pacific: Market Size By Deployment Type, 20162023 (USD Million)
Table 56 Asia Pacific: Market Size By Organization Size, 20162023 (USD Million)
Table 57 Asia Pacific: Market Size By Industry Vertical, 20162023 (USD Million)
Table 58 Middle East and Africa: Process Orchestration Market Size, By Country, 20162023 (USD Million)
Table 59 Middle East and Africa: Market Size By Component, 20162023 (USD Million)
Table 60 Middle East and Africa: Market Size By Service, 20162023 (USD Million)
Table 61 Middle East and Africa: Market Size By Professional Service, 20162023 (USD Million)
Table 62 Middle East and Africa: Market Size By Business Function, 20162023 (USD Million)
Table 63 Middle East and Africa: Market Size By Deployment Type, 20162023 (USD Million)
Table 64 Middle East and Africa: Market Size By Organization Size, 20162023 (USD Million)
Table 65 Middle East and Africa: Market Size By Industry Vertical, 20162023 (USD Million)
Table 66 Latin America: Process Orchestration Market Size, By Country, 20162023 (USD Million)
Table 67 Latin America: Market Size By Component, 20162023 (USD Million)
Table 68 Latin America: Market Size By Service, 20162023 (USD Million)
Table 69 Latin America: Market Size By Professional Service, 20162023 (USD Million)
Table 70 Latin America: Market Size By Business Function, 20162023 (USD Million)
Table 71 Latin America: Market Size By Deployment Type, 20162023 (USD Million)
Table 72 Latin America: Market Size By Organization Size, 20162023 (USD Million)
Table 73 Latin America: Market Size By Industry Vertical, 20162023 (USD Million)
Table 74 Market Ranking for the Process Orchestration Market, 2018
Table 75 New Product Launches/Service Launches/Upgradations, 20172018
Table 76 Mergers and Acquisitions, 20172018
Table 77 Partnerships and Agreements, 20172018
Table 78 Business Expansions, 20162018
List of Figures (40 Figures)
Figure 1 Process Orchestration Market Segmentation
Figure 2 Market Regional Scope
Figure 3 Market Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Process Orchestration Market: Assumptions
Figure 9 Top 3 Segments With the Largest Market Shares in 2018
Figure 10 North America is Estimated to Have the Largest Market Share in 2018
Figure 11 The Growing Need to Streamline Business Processes is Expected to Drive the Growth of the Process Orchestration Market During the Forecast Period
Figure 12 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Telecom and IT Industry Vertical, and Supply Chain Management and Order Fulfillment Business Function are Estimated to Have the Largest Market Shares in 2018
Figure 15 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 16 Process Orchestration Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 18 Supply Chain Management and Order Fulfillment Business Function is Estimated to Have the Largest Market Size in 2018
Figure 19 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Banking, Financial Services, and Insurance Industry Vertical is Expected to Register the Highest CAGR During the Forecast Period
Figure 22 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Key Developments By the Leading Players in the Process Orchestration Market, 20162018
Figure 26 Market Evaluation Framework
Figure 27 Geographic Revenue Mix of Top Market Players
Figure 28 SAP: Company Snapshot
Figure 29 IBM: Company Snapshot
Figure 30 Oracle: Company Snapshot
Figure 31 Cisco: Company Snapshot
Figure 32 CA Technologies: Company Snapshot
Figure 33 Fujitsu: Company Snapshot
Figure 34 Micro Focus: Company Snapshot
Figure 35 HCL: Company Snapshot
Figure 36 Servicenow: Company Snapshot
Figure 37 Opentext: Company Snapshot
Figure 38 Newgen Software: Company Snapshot
Figure 39 Software AG: Company Snapshot
Figure 40 Wipro: Company Snapshot
Growth opportunities and latent adjacency in Process Orchestration Market