Cloud Orchestration Market"
Added: (Fri Feb 11 2022)
Pressbox (Press Release) -
Market Overview
The Global "Cloud Orchestration Market" is expected to grow at a CAGR of 11.3% during the forecasting period (2021-2028).
Cloud Orchestration is the use of a programming technology to describe the arrangement and the coordination of the automated tasks for a consolidated process or workflow.
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Industry Dynamics
The significant growth drivers for the market include the increasing demand for optimal resource utilization, increasing need for self-service provisioning, flexibility, agility, and cost-efficiency.
The increased adoption of cloud in frastructure deployments is boosting the cloud orchestration market due to the increased complexity of cloud computing. The increased security and performance management is also expected to drive the cloud orchestration market.
IT infrastructure would be a significant market restraint in developing countries as a reliable and redundant connection between the cloud is essential.
Also, as most orchestration tools are still evolving, bugs and inconsistencies occur, requiring significant debugging skills of the environment, requiring a substantial need for high-skilled professionals owing to higher IT investments. With the increasing popularity of Hyperconvergence in hybrid clouds, cloud orchestration might affect the market share.
Market Segmentation
The Cloud Orchestration market is segmented by deployment, industry verticals, service type, and organization size.
Based on whether the orchestrator is deployed for private enterprises, public cloud, or a mix of private and third-party public clouds, it is segmented into on-premise, cloud, and hybrid.
The cloud-type deployment segment is expected to grow at a faster rate than the others, as most organizations tend to migrate to the public cloud due to the potential reduction in the operating costs and increased effectiveness of the process.
Based on industry verticals it is segmented into Automotive, Banking Finance & Insurance (BFSI), Digital Manufacturing, Education, HealthCare and Research, Media Entertainment, Transportation, and others.
Based on the services provided, it is segmented into provisioning tools, monitoring, logging, security, the type of web service, cost and capacity management and multi-cloud management, and others.
Geographically, the market is segmented into regions – North America, Asia/Pacific, Europe, South America, and RoW. North America is the largest market for cloud orchestration owing to the large share of cloud deployments.
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