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The latest report by IMARC, titled “ Cloud Orchestration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 022-2027
” finds that the global cloud orchestration market size reached US$ 14.2 Billion in 2021. Cloud orchestration refers to the usage of programming techniques to manage the interactions and interconnections among workloads in private and public cloud infrastructure. It is a coordination of multiple processes, tools, and application programming interfaces (APIs) in an organization, the process of the arrangement and coordination of automated tasks used in a cloud environment. It functions through various delivery models, including Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS)-based solutions. Cloud orchestration is generally utilized to manage networking, start server workloads, acquire and assign storage capacity as required, create virtualizations, and earn access to specific software on the cloud. It helps to optimize cost, eliminate provisional errors, and simplify data integrations. As a result, it is widely adopted in banking, financial services, and insurance (BFSI), government, and education, healthcare, information technology (IT) and telecom, retail, manufacturing, media, and entertainment.
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The market is primarily driven by the increasing adoption of cloud-based applications across the globe. This can be attributed to the various benefits provided to the customer, including easy integration, implementation, lower cost of purchase, and cost-effectiveness. In addition, the widespread adoption of hybrid cloud architecture and containerized microservice-based applications contribute to market growth. Moreover, the sudden outbreak of the coronavirus (COVID-19) disease resulted in a remote working trend escalating the demand for cloud orchestration, as it can provide essential access to corporate resources to operate collaboration with integrated teams and maintain productivity which represents another major growth-inducing factor. Besides this, the escalating demand for ondemand services with automated provisioning infrastructure is providing a thrust to market growth. Along with this, continual technological advancements, including the integration of big data and real-time analytics solutions, are providing a thrust to market growth. Furthermore, significant improvements in the information technology (IT) infrastructure, and extensive research and development (R&D) activities, are propelling market growth. Looking forward, IMARC Group expects the market value to reach US$ 41.1 Billion by 2027, exhibiting a CAGR of 18.97% during the forecast period (2022-2027).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Market Summary:
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
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
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.)
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/cloud-orchestration-market
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