SAN FRANCISCO, March 21, 2022 / PRNewswire/-A new market study published by Global Industry Analysts Inc., (GIA) the leading market research firm, today released its report titled “Cloud Orchestration – Global Market Trajectory and Analytics”. The report presents new insights into opportunities and challenges in a significantly changed market after COVID-19.
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edition: 7; Released: February 2022
Executive Pool: 97460
Companies: 151 – Covered players include Actifio Inc .; Amazon Web Services; BMC Software, Inc .; Cisco Systems, Inc .; CloudEndure; Computer Sciences Corporation; Geminare Incorporated; Hewlett Packard Enterprise Company Inc .; IBM Corporation; Infrascale Inc .; Oracle Corporation; RackWare; Red Hat, Inc .; ServiceNow, Inc .; Unitrends Inc .; Veritas Technologies LLC; VMware Inc .; Zerto Ltd. etc.
Scope: All major geographies and major segments
Segments: Application (Cloud Service Management, Cloud Migration, API Management, Cloud DevOps)
Geography: Mundo; USA; Canada; Japanese; China; Europe; France; Germany; Italy; UK; Remaining in Europe; Asia-Pacific; Other parts of the World.
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ABSTRACT-
Global Cloud Orchestration Market Reachable $ 25 Billion by 2026
Cloud orchestration is a set of software tools developed for managing interactions and interconnectedness between heterogenous systems in complex cloud environments, including private and public cloud infrastructure. Cloud orchestration is used to deploy and start servers, gain access to a particular software, manage networking, allocate storage and create virtual machines. The three aspects of cloud orchestration are workload, resource orchestration, and service. The migration of enterprise and industry customers to cloud platforms is driving the demand for cloud orchestration solutions. The cloud orchestration market is also getting help from increasing awareness for self-service agility, provisioning, and flexibility. The transition to cloud orchestration is a cost-effective decision for SMEs (small and medium enterprises). This step also helps increase flexibility and scalability issues. Resources can be increased or decreased based on business requirements. The growing trend towards automation and the need to reduce administrative overheads are also fueling market growth.
In the midst of the COVID-19 crisis, the global market for Cloud Orchestration is estimated to US $ 13.9 Billion in the year 2022, is expected to reach a revised size of US $ 25 Billion by 2026, growing at a CAGR of 16.1% during the review period. Cloud Service Management, one of the segments analyzed in the report, is expected to record a 17.9% CAGR and reach US $ 10.7 Billion at the end of the review period. After a thorough analysis of the business implications of the pandemic and its resulting economic crisis, growth in the Cloud Migration segment will be readjusted to a revised 15.5% CAGR for the next 7-year period.
The US Market is estimated at $ 5.7 Billion in 2022, While China is Forecasting Reachable $ 2.4 Billion by 2026
The Cloud Orchestration market in the US is estimated at US $ 5.7 Billion in the year 2022. Chinathe second largest economy in the world, is estimated to reach the expected market size of US $ 2.4 Billion in the year 2026 chasing a CAGR of 20.6% at the time of review. Among other notable geographic markets are Japanese at Canada, each forecast to grow at 13.9% and 14.6% respectively during the review period. Within Europe, Germany is expected to grow at approximately 15.3% CAGR. The growing use of SaaS (Software-as-a-Service) as a management solution for the repositioning of IT environments is encouraging the growth and use of cloud orchestration. Growth is also supported by the need to optimize resource allocation, the growing value of self-service, and the need for agile, flexible and economical services. The trend towards automation and the need to reduce administrative overheads are also driving growth. The increasing shift of enterprise towards hybrid cloud models and migration of infrastructure towards cloud networks rather than dedicated servers enhances the importance of cloud orchestration in the effective management of cloud resources and applications.
API Management Segment to reach $ 4.5 Billion by 2026
In the global part of the Management API, USA, Canada, Japanese, China at Europe will carry a 13.2% CAGR estimated for this segment. These regional markets are considered for a combined market size of US $ 1.8 Billion will reach the expected size of US $ 4.2 Billion at the end of the review period. China will remain among the fastest growing in the cluster of regional markets. Led by countries like Australia, Indiaat South Koreathe market in Asia-Pacific is estimated to take US $ 353.5 Million in the year 2026.
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SOURCE Global Industry Analysts, Inc.