IMARC Group has recently released a new research study titled “Cloud Orchestration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the cloud orchestration market?
The global cloud orchestration market size reached US$ 16.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.3 Billion by 2028, exhibiting a growth rate (CAGR) of 17.6% during 2023-2028.
Factors Affecting the Growth of the Cloud Orchestration Industry:
- Increasing Adoption of Cloud Services:
The widespread adoption of cloud computing across various industries is a primary driver of the cloud orchestration market. Organizations are migrating their workloads and data to the cloud to benefit from scalability, cost-effectiveness, and accessibility. As cloud environments become more complex, the need for orchestration solutions to manage these resources efficiently and ensure optimal performance grows significantly. Orchestration simplifies the provisioning and scaling of cloud resources, thus making it a critical component in the cloud adoption journey.
- Efficient Resource Management:
Efficient resource management is a key factor affecting the growth of the cloud orchestration market. Organizations seek to maximize the utilization of their cloud resources while minimizing costs. Orchestration tools enable them to allocate and de-allocate resources dynamically based on demand, ensuring that resources are used efficiently. This optimization results in cost savings and improves overall operational efficiency, thereby making orchestration solutions essential for organizations striving to derive the most value from their cloud investments.
- Automation and Agility in IT Operations:
Automation and agility are fundamental to modern IT operations, and cloud orchestration plays a central role in achieving these goals. Orchestration solutions automate repetitive tasks, such as provisioning, configuration, and scaling of cloud resources, reducing manual intervention and potential errors. This automation leads to greater agility in responding to changing business needs and market dynamics. Organizations can rapidly deploy applications, update configurations, and scale resources to meet demand, enhancing their competitiveness in the digital landscape.
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Cloud Orchestration Market Report Segmentation:
By Solution:
Configuration is the largest solution segment in the cloud orchestration market because it enables organizations to define and automate complex workflows, manage resources efficiently, and maintain consistency in their cloud infrastructure, thereby leading to enhanced operational efficiency and cost savings.
By Deployment Model:
The public deployment model is the largest segment in the cloud orchestration market due to its widespread adoption by organizations seeking cost-effective, scalable, and readily accessible cloud resources without the need for extensive infrastructure management, thus making it a preferred choice for a wide range of businesses.
By User Type:
Large enterprises represent the largest user type segment in the cloud orchestration market because of their complex IT infrastructure needs, scalability requirements, and the desire to streamline operations through orchestration solutions, making them significant adopters of cloud orchestration services.
By Industry Vertical:
The banking, financial services, and insurance (BFSI) sector is the largest industry vertical segment in the cloud orchestration market because it relies on robust, secure, and scalable cloud solutions to handle sensitive financial data, comply with regulations, and achieve operational agility, which is driving substantial adoption of cloud orchestration services in the industry.
Regional Insights:
North America is the largest region in the cloud orchestration market due to its early adoption of cloud technologies, the presence of major cloud service providers, and the strong demand from enterprises for efficient cloud management solutions, contributing to the region's market leadership.
Global Cloud Orchestration Market Trends:
The growing focus on multi-cloud and hybrid cloud environments is driving the need for orchestration solutions that can seamlessly manage resources across diverse cloud platforms. In line with this, the adoption of DevOps practices is on the rise, with orchestration playing a crucial role in automating and streamlining the development and deployment of applications.
The market is also driven by the rising shift towards serverless computing which relies on orchestration to manage the allocation of computing resources on a granular level, optimizing efficiency. Additionally, the integration of artificial intelligence and machine learning into orchestration tools is enhancing automation and predictive analytics capabilities, thus making cloud management more intelligent and efficient.
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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