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Cloud Orchestration Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Cloud Orchestration Market
The Business Research Company offers in-depth market insights through Cloud Orchestration Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cloud orchestration market size has grown rapidly in recent years. It will grow from $16.27 billion in 2023 to $18.42 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to increased cloud adoption, demand for automation in it processes, complexity of multi-cloud environments, need for scalability and flexibility, growth of devops practices.
The cloud orchestration market size is expected to see rapid growth in the next few years. It will grow to $33.39 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to integration with edge computing, adoption of serverless architectures, ai-driven orchestration, cross-cloud and multi-cloud management, advanced security orchestration. Major trends in the forecast period include kubernetes orchestration platforms, continuous integration/continuous deployment (ci/cd) orchestration, focus on hybrid cloud orchestration, event-driven orchestration models, self-service cloud orchestration portals.
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Market Segmentation:
The cloud orchestration market covered in this report is 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
Major Driver - The Rise Of Cloud-Based Applications Driving Market Growth
The increase in dominance of cloud-based applications is expected to propel the growth of the cloud orchestration market over the coming years. Cloud-based applications offer major benefits to the customer, such as cost-effectiveness, easy integration, implementation, and lower cost of purchase. Cloud applications also help enterprises standardise system configurations and automate IT support processes. Cloud orchestration is used to provision, deploy, or start servers; acquire and assign storage space; manage networking; construct virtual machines; and gain access to certain applications on cloud services. For instance, according to InfoWorld, a US-based IT media business, global spending on public cloud services and infrastructure will reach around $500 billion by 2023. Thus, the increasing adoption of cloud-based applications is contributing to the cloud orchestration market growth.
Competitive Landscape:
Major companies operating in the cloud orchestration market report are 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.
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Top Trend - The Surge Of Automated Cloud Orchestration And Optimization
Automated cloud orchestration and optimization is a key trend gaining popularity in the cloud orchestration market. Cloud automation is the process of using automated tools and processes to execute workflows in a cloud environment. It helps enterprises reduce the amount of manual work required by IT teams by automating cloud-related tasks, such as application deployment. Cloud orchestration and optimization enable enterprises to effectively manage the complications attached to interconnected services across different applications. For instance, in November 2021, Ericsson, a US-based information and communication technology company, launch an intelligent automation platform for smarter networks. An intelligent automation platform is an open service management and orchestration product that offers network optimization which enhances the customer experience. Ericsson Intelligent Automation Platform provides Open RAN-compliant service management and orchestration capabilities, advancing automation with support for a variety of vendors and numerous radio access network technologies and also provides an open software development framework that enables CSPs and other parties to create apps (rApps) with new services, enabling ecosystem innovation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cloud Orchestration Market Characteristics
3. Cloud Orchestration Market Trends And Strategies
4. Cloud Orchestration Market - Macro Economic Scenario
5. Cloud Orchestration Market Size And Growth
…..
27. Cloud Orchestration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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