Global Cloud Orchestration Market Share Likely to Grow at a CAGR of 21.4% By 2030
According to Custom Market Insights (CMI), The Global Cloud Orchestration Market Size was valued at USD 14,985 million in 2021 and is estimated to reach USD 105071.00 million by the end of 2030 at a CAGR of approximately 21.4% during the forecast period 2022-2030.
As the demand for optimum utilization of resources has increased, there shall be increased adoption of cloud orchestration technology for the large, medium and small enterprises in the developed as well as the developing nations of the world. Self-servicing will also play an important role in the market’s growth in the coming years.
Browse the full “Cloud Orchestration Market Size, Trends and Insights BY Service Type (Configuration, Managed Support, Portable service, Others), By Cloud (Private, Public, Hybrid), By Organization Size (Large enterprises, Small & medium sized enterprises), By Industry Vertical (BFSI, IT & Telecommunications, Retail, Government, Media and Entertainment, Healthcare, Petrochemicals, Energy & utilities, Manufacturing, Oil & Gas, Metals & Mining Pulp & Paper, Agriculture, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at ReportURL
the cloud orchestration market is expected to see growth in the coming years due to the benefits of adopting this technology, like scaling and cost reduction. As this technology is used in coordinating various processes, it has been instrumental in reducing the requirement of IT resources for an organization.
The system administrators required in an organization have also reduced due to incorporating these services. Automation helps manage repetitive tasks, which is the other benefit of cloud orchestration technology. Many errors are reduced as different types of tasks are merged. You know the unified process for scaling, dependency management, and failure recovery. It provides enhanced visibility and improves security.
The growth of the cloud orchestration market may be hampered for several reasons, and one of the major reasons that will hurt the growth of the market is the poor infrastructure of IT services or the lack of this infrastructure. In underdeveloped nations, the absence of this infrastructure will hamper the market’s growth. Also, cloud orchestration technology will be less effective without a technical expert. These factors will hamper the growth of the market in the coming years.
Small and medium enterprises have adopted cloud-based applications in developing nations. This is expected to be the major factor that will provide good opportunities for growth in the coming year. As the adoption of these cloud-based applications will continue to grow in the coming years, there shall be a major demand for cloud orchestration technology in these regions. There has been an increase in the demand for cloud orchestration technology and streamlined business processes as it helps provide automation for the different types of repetitive tasks.
As a large amount of money is initially invested in cloud orchestration technology, this will be a challenge for the market’s growth in the coming year. And when it comes to private and public cloud solutions, the presence of heterogeneous systems will challenge the efficiency of the technology as it poses various difficulties.
The configuration segment will dominate the market as it helps in cost savings. As the demand for optimum utilization of resources has increased for large small, and medium enterprises, these services will be adopted in the coming years. As the cyber crime rates have increased, there shall be greater demand for the technology in the coming years. As the different types of enterprises have adopted cloud-based applications, there shall be an increased need for cloud orchestration in these enterprises, which will help grow the segment in the coming years.
The public segment demand is expected to increase in the coming year. As it is used in the entertainment, media, and healthcare sectors, maximum revenue will be generated through these industries. Most organizations have increased the amount of money they spend on the public clouds do to which this segment is expected to grow well in the coming years. There shall also be increased adoption of hybrid technology in the coming years, and it will grow with the highest compound annual growth rate in the coming years.
Large enterprises are expected to adopt cloud orchestration technology on a large scale. As these enterprises can make huge investments, they will dominate the market in the coming years. Streamlined business processes will play an important role in the segment’s growth in the coming years. The medium and small enterprises will also grow in the coming years as they will be instrumental in generating a good amount of revenue in the market.
The banking and financial institutions will have the maximum adoption of cloud orchestration technology, and these sectors are expected to generate the highest revenue compared to the other industries in the coming years.
The North American region has dominated the global cloud orchestration market in the past and will continue to dominate in the coming years. The demand for cloud orchestration technology has increased in the North American region due to its use in large enterprises on a large scale.
The amount of money invested by large enterprises in advanced technology is one of the reasons that will help in the market’s growth in the coming years. The demand for this technology shall be higher for the North American region’s telecommunications and the banking and financial sectors. The presence of various large-scale industries or large enterprises in the North American region will also play an instrumental role in the market’s growth in the coming years period the presence of the major market players in the North American region will also benefit the market during the forecast period.
The Asia Pacific region will exhibit the highest compound annual growth rate in the coming years as the demand for advanced technologies has increased. The increased reduction or usage of cloud-based applications in various enterprises of the Asia Pacific region is one of the reasons that will help in the growth of the market in the coming years. India and China will play an instrumental role in the market’s growth as this technology is adopted largely by the small and medium enterprises present in these two nations.
|Feature of the Report||Details|
|Market Size in 2021||USD 14,985 Million|
|Projected Market Size in 2030||USD 105071.00 Million|
|CAGR Growth Rate||21.4% CAGR|
|Prominent Players||[company123], and Others|
|Key Segment||BY SERVICE TYPE, CLOUD, ORGANIZATION SIZE, INDUSTRY VERTICAL, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
- AMAZON WEB SERVICES INC.
- RACKSPACE US INC.
- ORACLE CORPORATION
- BMC Software INC.
- CISCO SYSTEMS INC.
- DXC TECHNOLOGIES LTD.
- HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
- IBM CORPORATION
- VMWARE INC.
- To increase the adoption of hybrid orchestration in various industries, CSS Corp and Panzura entered into a partnership in 2021.
Segments covered in the report
BY SERVICE TYPE
- Managed Support
- Portable service
BY ORGANIZATION SIZE
- Large enterprises
- Small & medium-sized enterprises
BY INDUSTRY VERTICAL
- IT & Telecommunications
- Media and Entertainment
- Energy & Utilities
- Oil & Gas
- Metals & Mining Pulp & Paper
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America