According to a new report, published by KBV research, The Global AI Orchestration Market size is expected to reach $17.1 billion by 2028, rising at a market growth of 20.0% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 22.7% during (2022 - 2028). Adopting AI orchestration services enables organizations to enhance processes, boost productivity, and save costs all at once. It is also utilized to reduce managerial mistakes, automate tedious tasks, save time and money, increase productivity, and provide insights that can be put to use.
The Workflow Orchestration segment acquired maximum revenue share in the Global AI Orchestration Market by Application in 2021 thereby, achieving a market value of $6.1 billion by 2028. Increasing demand for large-volume transformation and processing by Big Data workflows, rapid use of workflow orchestration to streamline digital payment activities, and rising demand for digital transformation to improve business outcomes with strategic decisions are the main factors propelling market revenue growth.
The Cloud segment has shown the growth rate of 22% during (2022 - 2028). Managing connections and automating workload operations on private and public clouds are two areas where cloud orchestration is becoming more widely used. With the help of cloud orchestration, workloads that may be delivered via software as a service (SaaS) and infrastructure as a service (IaaS) are connected with the required authority (IaaS).
The Large Enterprises segment is leading the Global AI Orchestration Market by Organization Size in 2021 thereby, achieving a market value of $11.9 billion by 2028. Due to the size of their business processes, major organizations have a considerably high deployment of workflow orchestration. In order to automate routine processes, many multinational businesses are using orchestration in functional areas, including warehouses, supply chains, manufacturing, and process.
The BFSI segment is poised to grow at a CAGR of 20.4% during (2022 - 2028). The activities and transactions involved in banking operations are often undertaken by clients, staff, and outside organizations. Due to the complexity of these processes, monitoring is crucial. The delivery of real-time information and automated issue resolution by AIOps is anticipated to accelerate market growth throughout the anticipated time frame.
The North America market dominated the Global AI Orchestration Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.8 billion by 2028.The Europe market is exhibiting a CAGR of 19.2% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 21% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/ai-orchestration-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oracle Corporation, Fujitsu Limited, SAP SE, General Electric Company, Tibco Software, Inc. (Vista Equity Partners), Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Wipro Limited, IBM Corporation, and BMC Software, Inc. (KKR & Co., Inc.).
By Component
By Application
By Deployment Mode
By Organization Size
By Vertical
By Geography
Companies Profiled
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