Global Process Orchestration Industry

Global Process Orchestration Industry

  • September 2020 •
  • 185 pages •
  • Report ID: 5959793 •
  • Format: PDF
Global Process Orchestration Market to Reach US$13.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Process Orchestration estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$13.5 Billion by 2027, growing at a CAGR of 17.4% over the analysis period 2020-2027.BFSI, one of the segments analyzed in the report, is projected to grow at a 21.6% CAGR to reach US$3.1 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Telecom & IT segment is readjusted to a revised 18.4% CAGR for the next 7-year period. This segment currently accounts for a 13.5% share of the global Process Orchestration market.

The U.S. Accounts for Over 29.7% of Global Market Size in 2020, While China is Forecast to Grow at a 16.5% CAGR for the Period of 2020-2027

The Process Orchestration market in the U.S. is estimated at US$1.3 Billion in the year 2020. The country currently accounts for a 29.67% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2027 trailing a CAGR of 16.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.6% and 14.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR while Rest of European market (as defined in the study) will reach US$2.3 Billion by the year 2027.

Consumer Goods and Retail Segment Corners a 15.1% Share in 2020

In the global Consumer Goods and Retail segment, USA, Canada, Japan, China and Europe will drive the 16.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$533.1 Million in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 185-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Arvato
  • Ayehu Software Technologies, Ltd.
  • BMC Software, Inc.
  • CA Technologies
  • Cisco Systems, Inc.
  • Cortex
  • Data Ductus AB
  • Dealflo
  • eQ Technologic, Inc.
  • Everteam SAS
  • Fujitsu Ltd.
  • HCL Technologies Ltd.
  • IBM Corporation
  • Icaro Tech
  • Micro Focus International PLC
  • Newgen Software Inc.
  • Nipendo Ltd.
  • Open Text Corp
  • Oracle Corporation
  • PMG.net, Inc.
  • SAP SE
  • ServiceNow, Inc.
  • Software AG
  • TIBCO Software, Inc.
  • Wipro Ltd.