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SEATTLE, June 14, 2018 (GLOBE NEWSWIRE) -- The global orchestration tools market was valued at US$ 3,209.3 million in 2018 and is projected to exhibit a CAGR of 22.4% over the forecast period (2018–2026).
To know the latest trends and insights prevalent in this market, click the link below:
Key Trends and Analysis of the Orchestration Tools Market:
Orchestration tools are expected to gain traction during the forecast period, owing to multiple factors such as, growing complexity of the cloud datacenters and resultant need to intelligently manage the workflows, manage resources and services and prioritize operations best suited for business betterment and ensure safety of the mission critical data in the cloud infrastructure. Provisioning application segment is expected to dominate the market during the forecast period, owing to increasing number of incidences of data theft and fraudulent access to the systems. The BFSI vertical is expected to witness maximum adoption of cloud orchestration tools as banks have large volume of data related to information pertaining to customers and transactions to be managed in a cloud environment wherein processes and workflows need to be managed effectively with the help of cloud orchestration tools.
The market for orchestration tools is gaining traction, owing to its ability to standardize templates and enforce security practices. It also acts as a good defense against VM sprawl providing visibility into, and control over, cloud resources and, implicitly, costs. The orchestrator platform oversees interactions of many disparate elements of the application stack, and can thus, simplify the communication and connections from one workload to other apps and users, as well as ensure links are correctly configured and maintained. Owing to these features, the market for orchestration tools is expected to grow over the forecast period (2018-2025).
Key Market Takeaways:
- The market is expected to exhibit a CAGR of 22.4% during the forecast period, owing to increasing need to efficiently utilize cloud environment by intelligently prioritizing operations.
- Some of the major players operating in the global orchestration tools market include IBM Corporation, Hewlett Packard Enterprise Company, Oracle Corporation, Cisco Systems, Inc., Amazon Web Services, Vmware, Inc., Computer Sciences Corporation, Red Hat, Inc., Servicenow, Inc., and BMC Software.
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