Orchestration tools are used for automated coordination, management, and arrangement of complex computer systems and services which result in an individual process of workflow. For example, a process involves many tasks that need to be performed. The process can be complicated if it is distributed across systems such as a database, load balancer, and web server. It can be converted into individual tasks by using orchestration tools. Orchestration tools offer coordination across numerous automated activities. These tools automatically execute a larger workflow or process. They are used to optimize the process in order to remove redundancies and human errors. For example, with the help of orchestration tool, a developer can automatically insert code while developing a software or mobile application. This helps in eliminating human errors as well as saving time in developing an application. Orchestration tools have features such as intelligent management of multiple cross domain processes, workflows, and tasks by efficiently allocating resources and services.
The global orchestration tools market is mainly driven by rising demand for reducing IT costs among enterprises. Increasing need to manage operations in cloud environment to ensure optimum utilization of resources is also projected to fuel the demand for orchestration tools across the world. Furthermore, increasing instances of fraudulent access to cloud environment is another key factor propelling the global orchestration tools market. This is mainly due to increasing number of cybercrime incidences across the globe. Moreover, increasing number of credit/debit card frauds is anticipated to fuel the demand for orchestration tools in the banking industry across the world in the near future. However, lack of technical expertise among small and medium enterprises is a crucial factor which is likely to hamper the growth of the global orchestration tools market during the forecast period.
Rise in demand for cloud-based solutions among small and medium enterprises is anticipated to create new growth opportunities for the global orchestration tools market in the next few years as cloud-based solutions are cost-efficient.
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The global orchestration tools market can be segmented on the basis of application, platform, industry, and region. Based on application, the market can be classified into provisioning, management and monitoring, auditing, and autoscaling. In terms of platform, the orchestration tools market can be divided into public cloud, private cloud, and hybrid cloud. Based on industry, the market can be categorized into consumer goods and retail; banking, financial services, and insurance (BFSI); education; government; media & entertainment; IT & telecom, manufacturing, health care & life sciences; and others.
In terms of region, the global orchestration tools market can be segmented into Europe, South America, Asia Pacific, North America, and Middle East & Africa. The orchestration tools market in North America is estimated to hold significant market share during the forecast period. North America is anticipated to observe high adoption of cloud technology due to increasing number of enterprises in the region. Presently, enterprises are focused on implementing orchestration tools in order reduce costs and inaccuracies. In North America, companies are offering orchestration tools with advanced features for services orchestration, workload orchestration, and resource orchestration. The orchestration tools market in Asia Pacific is projected to grow significantly during the forecast period. Demand for orchestration tools in the region is primarily generated from countries such as Australia, India, Japan, and China. Furthermore, rapid development and innovation in the field of orchestration tools and growing awareness among industries are expected to create new opportunities for the market in Asia Pacific in the near future.
Major players operating in the global orchestration tools market include Servicenow, Inc., Hewlett Packard Enterprise Company, IBM Corporation, Cisco Systems, Inc., Oracle Corporation, VMware, Inc., Computer Sciences Corporation, BMC Software, Red Hat, Inc., and Amazon Web Services.
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