PUBLISHER: The Business Research Company | PRODUCT CODE: 1458605
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458605
Artificial intelligence (AI) orchestration involves the organization and supervision of the installation, integration, and interaction of various machine learning (ML) and AI models, processes, and data pipelines. This method enhances the deployment and management of AI technologies, ultimately maximizing their effectiveness and impact across diverse settings and industries.
The components of AI orchestration encompass services and solutions. An AI orchestration service denotes a specific function or feature within an AI orchestration platform that contributes to the efficient coordination, deployment, and optimization of AI workflows. These services are deployed in both cloud and on-premise modes, playing a crucial role in customer service orchestration, infrastructure orchestration, manufacturing orchestration, and workflow orchestration. End-users of AI orchestration services span various industries, including information technology and telecommunications, manufacturing, healthcare, banking, financial services, and insurance (BFSI), consumer goods and retail, government and defense, energy and utilities, among others.
The artificial intelligence (AI) orchestration research report is one of a series of new reports from The Business Research Company that provides artificial intelligence (AI) orchestration market statistics, including the artificial intelligence (AI) orchestration industry's global market size, regional shares, competitors with a artificial intelligence (AI) orchestration market share, detailed artificial intelligence (AI) orchestration market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) orchestration industry. This artificial intelligence (AI) orchestration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The artificial intelligence (AI) orchestration market size has grown exponentially in recent years. It will grow from $7.57 billion in 2023 to $9.33 billion in 2024 at a compound annual growth rate (CAGR) of 23.2%. The growth observed in the historical period can be attributed to several factors, including the rise of cloud computing, a surge in the usage of big data, the proliferation of IoT devices, the expansion of DevOps practices, and a growing need for real-time insights.
The artificial intelligence (AI) orchestration market size is expected to see exponential growth in the next few years. It will grow to $21.11 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The anticipated growth in the forecast period can be attributed to the rapid adoption of cloud services, the increasing complexity of IT environments, the demand for autonomous systems, and the proliferation of edge computing. Notable trends expected in the forecast period encompass explainable AI, the integration of AI orchestration with DevOps, enhanced security orchestration, edge AI orchestration, and AI orchestration for IoT.
The swift progression of digital transformation across various industries is poised to propel the expansion of the artificial intelligence (AI) orchestration market in the forthcoming years. Digital transformation denotes the utilization of digital technology to revolutionize or create new organizational processes, cultures, and customer interactions to meet evolving market and consumer demands. AI orchestration plays a pivotal role in facilitating this digital shift by seamlessly integrating and coordinating diverse AI technologies, streamlining workflows, and optimizing resource utilization, thereby fostering heightened productivity and innovation. For instance, data from the International Business Machines Corporation (IBM) revealed that in 2022, approximately 35% of global businesses embraced AI, marking a 4% increase from the previous year, with a notable 13% rise in AI adoption compared to 2021. Thus, the rapid pace of digital transformation across industries serves as a driving force behind the growth of the AI orchestration market.
Leading enterprises within the artificial intelligence (AI) orchestration domain are prioritizing the development of technologically advanced offerings, such as workflow orchestration services, aimed at assisting organizations in automating, expediting, and optimizing crucial business processes. Workflow orchestration services encompass the monitoring and synchronization of human resources, digital workers, infrastructure, and data throughout a process, enabling the automation, enhancement, and streamlining of complex workflows from inception to completion. For instance, in January 2024, Kyndryl, Inc., unveiled its Kyndryl Workflow Orchestration services, a generative AI-powered digital workplace solution designed to serve as a comprehensive resource for businesses seeking to elevate, streamline, and modernize the digital work experience for their employees and clients. This solution is tailored to empower clients in leveraging no-code or low-code technologies to drive enhanced business outcomes. Leveraging workflow capabilities and AI automation, it orchestrates business operations, mitigates complexity, reduces cycle times, and optimizes ROI by curtailing training and development expenditures.
In July 2023, Databricks Inc., a leading provider of AI orchestration services based in the US, completed the acquisition of MosaicML for an undisclosed sum. This strategic move signifies Databricks' commitment to broadening its portfolio in artificial intelligence and democratizing access to generative AI for enterprises. With the integration of MosaicML's capabilities, Databricks aims to enhance its suite of offerings, empowering businesses to leverage advanced AI technologies more effectively. MosaicML, renowned for its full-stack managed platform for building AI models, brings valuable expertise and technology that align seamlessly with Databricks' vision for innovation and growth in the AI space.
Major companies operating in the artificial intelligence (ai) orchestration market report are Oracle Corporation, General Electric Company, International Business Machines Corporation, Cisco Systems Inc, SAP SE, Fujitsu Limited, Hewlett Packard Enterprise Company, Capgemini SE, GE HealthCare Technologies Inc., VMware LLC, Wipro Limited, ServiceNow Inc., Red Hat Inc., Micro Focus International plc, BMC Software Inc, TIBCO Software Inc, Dynatrace Inc., Flexera, HashiCorp, ScienceLogic, CA Technologies Inc, Cloudify, Rapid Acceleration Partners Inc., Activeeon S.A.S., Pandio, HyperSense Software, Botminds AI, ModelOp, CloudFabrix, AltaSigma GmbH
North America was the largest region in the artificial intelligence (AI) orchestration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (ai) orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the artificial intelligence (ai) orchestration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The artificial intelligence (AI) orchestration market consists of revenues earned by entities by providing services such as workflow orchestration, model orchestration and data orchestration. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) orchestration market also includes sales of graphics processing units (GPUs), tensor processing units (TPUs), high-bandwidth memory (HBM), and central processing units (CPUs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Artificial Intelligence (AI) 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 artificial intelligence (AI) 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 artificial intelligence (AI) orchestration? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (AI) 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 impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.