Workflow Orchestration Market Globally Expected to Drive Growth through 2022

(IT-NEWSWIRE.COM, December 13, 2019 ) According to the new market research report "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", The workflow orchestration market is estimated to be USD 13.81 Billion in 2017 and is projected to reach USD 50.82 Billion by 2022, at a CAGR of 29.8% from 2017 to 2022.

The growth of the workflow orchestration market can be attributed to the need to achieve improved business outcomes and enhance operational efficiency as well as productivity level.

Browse and in-depth TOC on "Workflow Orchestration Market"
65 - Tables
39 - Figures
118 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184263782

Based on type, the business process orchestration segment of the workflow orchestration market is expected to witness the highest growth during the forecast period.

Based on type, the business process orchestration segment is projected to grow at the highest CAGR during the forecast period. Business process orchestration refers to modeling, implementing, integrating, and monitoring of custom process applications. It enables organizations to significantly reduce time and cost needed to model and implement business processes, services, and applications. Thus, the adoption of business process orchestration by enterprises worldwide is projected to drive the growth of the business process orchestration segment.

Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the workflow orchestration market is expected to grow at the highest CAGR during the forecast period.

Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the workflow orchestration market is projected to witness the highest growth during the forecast period. This growth can be attributed to the adoption of workflow orchestration by SMEs to streamline business processes, reduce downtime, and improve business efficiency.

Based on vertical, the IT & telecommunication segment is estimated to lead the workflow orchestration market in 2017.

Based on vertical, the IT & telecommunication segment is estimated to lead the workflow orchestration market in 2017. Companies in the IT & telecommunication vertical are focused on the implementation of cloud-based business support systems. Leading telecommunication companies are transforming their business functions by adopting workflow orchestration to ensure high level of customer interaction and reduce manual workload.

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Workflow Orchestration Market Globally Expected to Drive Growth through 2022