The workflow orchestration market is projected to grow from USD 13.81 Billion in 2017 to USD 50.82 Billion by 2022, at a CAGR of 29.8% during the forecast period. Increased adoption of workflow orchestration by organizations to improve operational efficiency, productivity levels, and business outcomes is one of the most significant factors projected to drive the growth of the workflow orchestration market. Digital transformation of organizations and the need to streamline business processes are expected to offer lucrative growth opportunities to workflow orchestration providers in the near future.
Major players operating in the workflow orchestration market include Microsoft (US), IBM (US), VMware (US), Oracle (US), Cisco Systems (US), CA Technologies (US), ServiceNow (US), BMC Software (US), Dalet SA (France), Arvato AG (Germany), Ayehu Software Technologies (US), and Micro Focus (UK). These players have adopted key growth strategies, such as new product launches and product enhancements, to strengthen their product portfolios and enhance their presence in the workflow orchestration market.
Microsoft (US), a key player in the workflow orchestration market, has adopted both, organic and inorganic growth strategies to strengthen its foothold in the workflow orchestration market. For instance, in September 2016, Microsoft launched the Microsoft System Center 2016, the latest release of the data center management solution and new capabilities for the Microsoft Operations Management Suite, to expand options for cloud-based management and security. In May 2017, Microsoft partnered with Vonage to launch a connector to Microsoft's suite of workflow automation tools that help enhance employee productivity and efficiency of business operations.
Ayehu Software Technologies (US), another key player in the workflow orchestration market, adopted both organic and inorganic growth strategies to enhance its market presence. The company launched its next-generation automation and orchestration platform in September 2017, which is powered by Artificial Intelligence (AI) and machine learning driven decision support, for fully enhanced and optimized automated workflows. The company has entered into strategic partnerships with key market players and expanded its operational facilities in various regions worldwide. For instance, in November 2017, Ayehu partnered with Intelligent Wave Inc. (IWI) to expand its presence in Japan. Similarly, in September 2017, Ayehu partnered with Kryon Systems, Inc. to offer complete and improved automation solutions to enterprises.
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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