Global Workflow Orchestration Market Report 2018-2022: Market is Projected to Reach More than $50 Billion

DUBLIN, Feb. 19, 2018 /PRNewswire/ --

The "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" report has been added to ResearchAndMarkets.com's offering.

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.

The 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 will offer lucrative growth opportunities to workflow orchestration providers in the near future.

The workflow orchestration market has been segmented on the basis of type, organization size, vertical, and region. Based on type, the workflow orchestration market has been segmented into cloud orchestration, data center orchestration, network management, business process orchestration, and security orchestration. The business process orchestration segment of the workflow orchestration market is expected to grow at the highest CAGR during the forecast period. Business process orchestration offers distinguished ways to connect heterogeneous systems within organizations, besides improving data quality and reducing data entry efforts through workflow automation.

A key restraining factor impacting the growth of the workflow orchestration market is lack of technical expertise. Skills required for integrating workflow orchestration are entirely different from skills needed to manage the traditional IT infrastructure. Adequate knowledge is also required for interfacing, interconnecting, and analyzing processes and applications for effective and seamless integration. Thus, difficulties associated with the integration of new and existing systems through workflows are acting as a key challenge to the growth of the workflow orchestration market.

Market Dynamics

Drivers

• Increases Efficiency and Productivity Level
• Improves Business Outcomes With Better Strategic Decisions

Restraints

• Lack of Technical Expertise

Opportunities

• Digital Transformation Initiatives Across Enterprises
• Rising Demand to Streamline Business Processes

Challenges

• Difficulties in Integrating New and Existing Systems Through Workflows
• High Implementation Cost

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Workflow Orchestration Market, By Type

7 Workflow Orchestration Market, By Organization Size

8 Workflow Orchestration Market, By Vertical

9 Regional Analysis

10 Competitive Landscape

11 Company Profiles

• Arvato AG
• Ayehu Software Technologies
• Bmc Software
• CA Technologies
• Check Point Software Technologies
• Cisco Systems
• Dalet S.A.
• IBM
• Micro Focus
• Microsoft
• Ooyala
• Oracle
• Root6 Limited
• Servicenow
• Threatmetrix
• VMware

For more information about this report visit https://www.researchandmarkets.com/research/rfbvpl/global_workflow?w=5

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SOURCE Research and Markets