WILMINGTON, DE, UNITED STATES, December 11, 2023 /
EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, “
Cloud Orchestration Market By Service Type, Cloud, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030,”
The cloud orchestration market size was valued at $14.98 billion in 2020, and is projected to reach $105.07 billion by 2030, registering a CAGR of 21.4%.
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The global cloud orchestration market is influenced by several factors such as growth in demand for optimum resource utilization, need for self-servicing provisioning and surge in demand for low cost process setup and automation. In addition, a number of lucrative benefits offered by cloud orchestration such as monitor, alert, and report on unexpected conditions to diagnose root cause, simplify data integrations and automatically apply policies for governance and security fuel the growth of this market.
However, high initial investment cost and involvement of heterogeneous systems create challenges to provide both public and private cloud solutions thus causing difficulty in maintaining operational consistency are factors projected to hamper the growth of the global market to a certain extent. On the other hand, growth in cloud adoption and rise in demand for streamline business process are estimated to be opportunistic for the growth of the market.
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Competitive Analysis:
The competitive environment of
Cloud Orchestration Industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, Cloud Orchestration Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Key Players:
Amazon Web Services, Inc.
BMC Software, Inc.
Cisco Systems, INC.
DXC Technology Company
HP Inc.
IBM Corporation
VMware, Inc.
Rackspace US, Inc.
Oracle Corporation
Flexiscale Technologies Limited and Many More
Region wise, the cloud orchestration industry was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.
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The COVID-19 impact has prompted every company and business to shift their business operations towards a remote work environment. As a result of the dire situation, companies began to implement the BYOD program or enterprise-owned equipment. Therefore, the need for cloud orchestration is expected to increase, to provide the necessary access to corporate resources to manage and maintain collaboration and integration with integrated communications and teams and to maintain productivity.
Moreover, during the COVID due to work from home policies the demand for cloud-based solutions and the SaaS-based model increased significantly. This has positively impacted the market growth. Incidentally, during the pandemic, cloud orchestration and automation helped eliminate the dependency on staff availability, thus supporting both remote working and ensuring business resilience.
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