Cloud Orchestration Market Share & Size | Global Report 2028

The cloud orchestration market is expected to grow from US$ 13.87 billion in 2021; it is estimated to grow at a compound annual growth rate (CAGR) of 21.5% from 2022 to 2028.

Cloud providers are strengthening their market positions by investing heavily in developing their product portfolio. A few recent developments in cloud-based products are as follows:

• On February 21, 2022, NxtGen announced its plans to invest US$ 172.81 million (Rs 1,300 crore) to establish new data centers across India.
• In November 2021, file storage, sharing, or cloud storage services startup Digiboxx raised US$ 1.5 million in pre-series A funding. The company stated that it will invest these funds to expand its cloud-based product portfolio.
• In July 2021, Wipro announced its plan to invest US$ 1 billion in cloud-related capabilities over the next three years, including acquisitions and partnerships. Wipro also announced the launch of its ‘Wipro FullStride Cloud Services”.

MARKET DYNAMICS

Many cloud-based solution and service providers are working to provide efficient and cost-effective cloud-based solutions and services that can assist end users in selecting the cost-effective architecture delivering the required performance. With the growing popularity of multi-cloud environments, the third-party cost optimization market is likely to rise in the coming years. Third-party cost optimization services provide high-quality analytics that maximizes cost savings without compromising performance. Also, the services provide multi-cloud management consistency and cloud provider independence. The early need for optimization is a necessary component of cloud migration projects. Thus, the early establishment of skills and processes, using tools to analyze operational data, and the identification of cost-cutting opportunities to maximize savings may benefit third-party cloud solutions. The increasing competition and the rising governments investments in cloud-based product developments to provide cost-effective cloud computing products propel the adoption of cloud-based solutions. All these factors are expected to create future market opportunities for the cloud orchestration market players.

MARKET SCOPE

The "Global Cloud Orchestration Market Forecast to 2028"  report aims to provide an overview of the market with detailed market segmentation based on services, deployment, application, enterprise size, and industry. The report provides key statistics based on the performance of the leading market players. Also, it offers key trends and opportunities in the market.

Strategic Insights

Report Coverage - Cloud Orchestration Market

Report Coverage	Details
Market Size Value in	US$ 13.87 billion in 2021
Market Size Value by	US$ 53.40 billion by 2028
Growth rate	CAGR of 21.5% from 2022 to 2028
Forecast Period	2022-2028
Base Year	2021
No. of Pages	150
Historical data available	Yes
Segments covered	Services, Deployment, Application, Enterprise Size, Industry, and Geography
Regional scope	North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope	US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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MARKET SEGMENTATION

The global cloud orchestration market is segmented on the basis of services, deployment, application, enterprise size, and industry. In terms of services, the market is segmented into reporting and analytics, cloud service automation, support and maintenance, training and consulting, and integration. Based on deployment, the market is segmented into public cloud, hybrid cloud, and private cloud. In terms of application, the global cloud orchestration market is segmented into autoscaling, compliance auditing, provisioning, and others. Based on enterprise size, the market is bifurcated into small and medium enterprises and large enterprises. Based on industry, the global cloud orchestration market is segmented into BFSI, education, manufacturing, government, media & entertainment, IT & telecommunication, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including qualitative and quantitative information. The global cloud orchestration market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The market report covers the analysis and forecast of 18 countries across the world, along with trends and opportunities prevailing in the region.

From the regional perspective, North America is expected to hold the largest share of the cloud orchestration market during the forecast period. The market in North America is segmented into the US, Canada, and Mexico. The favorable policies of government, presence of leading cloud orchestration solution providers, and robust infrastructure of internet are among the primary factors driving the North American cloud orchestration market growth. Cross-Border Privacy Rules (CBPR) by the US attracted many investors to invest in IT in the country. The Canadian government's strict data policies for storing data in country force international companies to establish operations and data centers in Canada, further supporting the cloud orchestration market growth.

The below figure showcases the revenue growth trend in the global cloud orchestration market:

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Source: The Insight Partners Analysis

The report analyzes factors, such as drivers, restraints, opportunities, and future trends, impacting the cloud orchestration market. It also provides an exhaustive PEST analysis of factors influencing the market in these regions.

IMPACT OF COVID-19 PANDEMIC

In the first two quarters of 2020, North America suffered considerable economic losses due to the rapid surge in the number of COVID-19 cases. Although, the IT sector has boomed in the region due to the changing business model of enterprises. Many cloud companies in North America, such as Microsoft Corporation, AWS, IBM Corporation, Oracle, and Google Inc., witnessed exponential revenue growth. The onset of the COVID-19 pandemic boosted the growth of the cloud orchestration market due to the rising awareness and investments in cloud technology by several enterprises. The uplifting of lockdown led to the recovery of the logistic and supply chain markets, which drives the cloud orchestration market growth.

MARKET PLAYERS

Various companies in the cloud orchestration market are focusing on organic growth strategies such as product launches, product approvals, and patents and events. Acquisitions, and partnerships & collaborations are among the inorganic growth strategic activities witnessed in the market. These activities have paved the way for the expansion of business and the customer base of market players. The market players are anticipated to experience lucrative growth opportunities in the future with the rising demand for cloud orchestration solutions.

The report also includes the profiles of key market companies along with their SWOT analysis and market strategies. In addition, it focuses on leading industry players’ information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years. Below is a list of a few companies engaged in the cloud orchestration market.

• Amazon Web Services, Inc.
• BMC Software, Inc.
• Cisco Systems, Inc.
• DXC Technology Company
• Hewlett Packard Enterprise Company
• IBM Corporation
• Oracle Corporation
• Rackspace US, Inc.
• ServiceNow, Inc.
• VMware, Inc.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

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