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The cloud orchestration market has expanded rapidly in recent years, projected to grow from $16.27 billion in 2023 to $18.42 billion in 2024, with a compound annual growth rate (CAGR) of 13.3%. This growth during the historical period is driven by the rising adoption of cloud services, increasing demand for automation in IT processes, the complexity of managing multi-cloud environments, the need for scalability and flexibility, and the growth of DevOps practices.
What Is The Estimated Market Size Of The Global Cloud Orchestration Market And Its Annual Growth Rate?
The cloud orchestration market is expected to experience rapid growth in the coming years, projected to reach $33.39 billion by 2028, with a compound annual growth rate (CAGR) of 16.0%. This growth during the forecast period can be attributed to factors such as the integration of edge computing, the adoption of serverless architectures, AI-driven orchestration, cross-cloud and multi-cloud management, and advancements in security orchestration.
Growth Driver Of The Cloud Orchestration Market
The growing dominance of cloud-based applications is expected to drive the growth of the cloud orchestration market in the coming years. Cloud-based applications provide significant benefits to customers, including cost-effectiveness, seamless integration, easy implementation, and reduced purchase costs. They also help enterprises standardize system configurations and automate IT support processes. Cloud orchestration plays a crucial role in provisioning, deploying, and starting servers; acquiring and managing storage; overseeing networking; creating virtual machines; and facilitating access to applications on cloud services.
Who Are the Leading Competitors in the Cloud Orchestration Market Share?
Key players in the market include Geminare Incorporated, Infrascale Inc., RackWare Inc., Unitrends Inc., CloudVelox Inc., Zerto Ltd., International Business Machines Corporation (IBM), Hewlett Packard Enterprise Company LP, VMware Inc., Apptio Inc., Microsoft Corporation, Flexera Corporation, Scalr Inc., Actifio Inc., Veritas Technologies LLC, Oracle Corporation, Cisco Systems Inc., Amazon Web Services Inc., BMC Software Inc., DXC Technology Company, Rackspace US Inc., Flexiscale Technologies Limited, Red Hat Inc., Google LLC, ServiceNow Inc., Cloudify Platform Ltd., CloudBolt Software Inc., Morpheus Data LLC, Embotics Corporation, RightScale Inc., CloudHealth Technologies Inc., Turbonomic Inc., CloudCheckr Inc.
Which Key Trends Are Driving Cloud Orchestration Market Growth?
Leading companies in the cloud orchestration market are focusing on launching innovative products to maintain their competitive edge. This involves the development and deployment of advanced cloud management and automation solutions, tools, and features aimed at optimizing and streamlining cloud resource provisioning, scaling, and management processes. These innovations help enhance efficiency, reduce operational complexities, and improve overall cloud infrastructure performance.
How Is The Global Cloud Orchestration Market Segmented?
1) By Service Type : Cloud Service Automation, Training, Consulting, And Integration, Support And Maintenance
2) By Deployment Mode: Private, Public, Hybrid
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User: Healthcare And Life Sciences, Transportation And Logistics, Government And Defense, IT And Telecom, Retail, Manufacturing, Other End Users
Geographical Insights: North America Leading The Cloud Orchestration Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Cloud Orchestration Market Definition
Cloud orchestration refers to the process of automating the tasks needed to manage workload operations and connections across private and public clouds. Cloud orchestration technologies organize automated tasks and processes into workflows to perform specific business functions. A key feature of cloud orchestration tools is policy enforcement, which ensures that processes have the required permissions to execute or connect to a workload.
Cloud Orchestration Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global cloud orchestration market report covering trends, opportunities, strategies, and more
The Cloud Orchestration Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cloud orchestration market size, cloud orchestration market drivers and trends, cloud orchestration market major players and cloud orchestration market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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