PUBLISHER: The Business Research Company | PRODUCT CODE: 1392547
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392547
“Cloud Orchestration Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud orchestration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud orchestration? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cloud orchestration market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The cloud orchestration refer to the process of automating the tasks required to manage workload operations and connections on private and public clouds. Automated tasks and processes are put into a workflow by cloud orchestration technologies to perform specific business functions. Policy enforcement is a feature of cloud orchestration tools that ensures that processes have the necessary permissions to execute or connect to a workload.
The main types of services in cloud orchestration are cloud service automation, training, consulting, integration, support, and maintenance. Cloud service automation refers to processes and tools that help provision and manage cloud computing workloads and services by reducing or eliminating the need for manual labor. The services are deployed through private, public, and hybrid modes by small and medium-sized enterprises and large enterprises. The various end-users include healthcare and life sciences, transportation and logistics, government and defense, IT and telecom, retail, and manufacturing.
The cloud orchestration market research report is one of a series of new reports from The Business Research Company that provides cloud orchestration market statistics, including cloud orchestration industry global market size, regional shares, competitors with a cloud orchestration market share, detailed cloud orchestration market segments, market trends and opportunities, and any further data you may need to thrive in the cloud orchestration industry. This cloud orchestration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cloud orchestration market size has grown rapidly in recent years. It will grow from $16. 27 billion in 2023 to $18. 42 billion in 2024 at a compound annual growth rate (CAGR) of 13. 3%. The growth in the historic period can be attributed to increased cloud adoption, demand for automation in it processes, complexity of multi-cloud environments, need for scalability and flexibility, growth of devops practices.
The cloud orchestration market size is expected to see rapid growth in the next few years. It will grow to $33. 39 billion in 2028 at a compound annual growth rate (CAGR) of 16. 0%. The growth in the forecast period can be attributed to integration with edge computing, adoption of serverless architectures, ai-driven orchestration, cross-cloud and multi-cloud management, advanced security orchestration. Major trends in the forecast period include kubernetes orchestration platforms, continuous integration/continuous deployment (ci/cd) orchestration, focus on hybrid cloud orchestration, event-driven orchestration models, self-service cloud orchestration portals.
The increase in dominance of cloud-based applications is expected to propel the growth of the cloud orchestration market over the coming years. Cloud-based applications offer major benefits to the customer, such as cost-effectiveness, easy integration, implementation, and lower cost of purchase. Cloud applications also help enterprises standardise system configurations and automate IT support processes. Cloud orchestration is used to provision, deploy, or start servers; acquire and assign storage space; manage networking; construct virtual machines; and gain access to certain applications on cloud services. For instance, according to InfoWorld, a US-based IT media business, global spending on public cloud services and infrastructure will reach around $500 billion by 2023. Thus, the increasing adoption of cloud-based applications is contributing to the cloud orchestration market growth.
Increase in digital transformation is expected to propel the growth of the cloud orchestration market going forward. Digital transformation is the process of leveraging digital technologies, strategies, and tools to fundamentally change how organizations operate, deliver value to their customers, and interact with their stakeholders. Cloud orchestration plays a pivotal role in digital transformation by enabling organizations to streamline, automate, and optimize their cloud-based operations and resources. It simplifies the management of complex, multi-cloud environments, ensuring efficient resource allocation, scalability, and cost control. By automating workflows, provisioning resources, and enforcing security policies, cloud orchestration accelerates digital transformation initiatives, fosters agility, and facilitates the rapid deployment of new digital services and applications. For instance, in November 2022, Zippia, a USA-based online recruitment services company published a report, according to which $1. 5 trillion was spent on digital transformation globally in 2021 and global spending on digital transformation is expected to reach $6. 8 trillion by 2023. Therefore, increase in digital transformation is driving the cloud orchestration market.
Automated cloud orchestration and optimization is a key trend gaining popularity in the cloud orchestration market. Cloud automation is the process of using automated tools and processes to execute workflows in a cloud environment. It helps enterprises reduce the amount of manual work required by IT teams by automating cloud-related tasks, such as application deployment. Cloud orchestration and optimization enable enterprises to effectively manage the complications attached to interconnected services across different applications. For instance, in November 2021, Ericsson, a US-based information and communication technology company, launch an intelligent automation platform for smarter networks. An intelligent automation platform is an open service management and orchestration product that offers network optimization which enhances the customer experience. Ericsson Intelligent Automation Platform provides Open RAN-compliant service management and orchestration capabilities, advancing automation with support for a variety of vendors and numerous radio access network technologies and also provides an open software development framework that enables CSPs and other parties to create apps (rApps) with new services, enabling ecosystem innovation.
Major companies in the cloud orchestration market are launching new and innovative products to sustain their position in the cloud orchestration market. It involves development and implementation of new and improved cloud management and automation solutions, tools, or features aimed at optimizing and streamlining cloud resource provisioning, scaling, and management processes. For instance, in June 2023, Weavr, a UK-based online platform that creates, integrates, deploys, and runs digital payment flows launched a new cloud orchestration platform, the Embedded Finance Cloud, which is is an orchestration platform designed to be used by product and innovation teams within banks and other financial institutions to create embeddable financial products in a time and cost-effective manner. Platform-as-a-Service (PaaS) delivery of Weavr Embedded Finance Cloud enables financial institutions to quickly integrate it over their current core banking and payments systems. In non-financial consumer and commercial applications, the technology helps businesses to open up new client growth channels while maintaining the security and control required by regulated financial services.
In January 2022, Google LLC, a US-based technology company, acquired Siemplify for an undisclosed amount. Through this acquisition, Google aimed to integrate security orchestration, automation, and response (SOAR) capabilities into its own Google Chronicle security solution. Siemplify is a US-based security orchestration, automation, and response (SOAR) provider.
Major companies operating in the in the cloud orchestration market report are Geminare Incorporated, Infrascale Inc., RackWare Inc., Unitrends Inc., CloudVelox Inc., Zerto Ltd., International Business Machines Corporation (IBM), Hewlett Packard Enterprise Company LP, VMware Inc., Apptio Inc., Microsoft Corporation, Flexera Corporation, Scalr Inc., Actifio Inc., Veritas Technologies LLC, Oracle Corporation, Cisco Systems Inc., Amazon Web Services Inc., BMC Software Inc., DXC Technology Company, Rackspace US Inc., Flexiscale Technologies Limited, Red Hat Inc., Google LLC, ServiceNow Inc., Cloudify Platform Ltd., CloudBolt Software Inc., Morpheus Data LLC, Embotics Corporation, RightScale Inc., CloudHealth Technologies Inc., Turbonomic Inc., CloudCheckr Inc.
North America was the largest region in the cloud orchestration market in 2023. The regions covered in the cloud orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the cloud orchestration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The cloud orchestration market includes revenues earned by entities by providing various cloud orchestration services such as deploying servers, acquiring & assign storage capacity, managing networking, and creating VMs to manage the interconnections and interactions among workloads on public and private cloud infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.