Global Cloud Orchestration Market Overview 2024: Size, Growth Rate, and Segments
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The cloud orchestration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud Orchestration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Cloud Orchestration Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud Orchestration Market Overview
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the cloud orchestration market in 2023. The regions covered in the cloud orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
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.
1. Executive Summary
2. Cloud Orchestration Market Report Structure
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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