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Cloud Orchestration Market Segmented By Cloud Service Management, Cloud DevOps, Cloud Migration, API Management with On-Premise, SaaS Deployment
The global cloud orchestration market is estimated to be valued at nearly US$ 6,970 Mn in 2017 and is projected to cross US$ 20 Bn by 2025 end. Sales revenue is expected to register a CAGR of 14.6% during the forecast period (2017–2025).
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Enterprises are adopting hybrid cloud management software, which helps them deliver and manage a full-spectrum hybrid and multi-cloud management environment to accelerate digital transformation. This adoption of hybrid cloud platforms by organizations helps DevOps to enable continuous data delivery across the cloud. Hybrid cloud management software helps improve IT agility, responsiveness, and overall operational efficiency.
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Get a Customized VersionPresently, enterprises are adopting on-demand services with automated provisioning infrastructure that helps them minimize time while provisioning cloud services and managing cloud infrastructure as per the business needs. These services help minimize complexity while interconnecting heterogeneous components such as networks and storage devices using simplified automation provisioning infrastructure, which minimizes errors and manual workload.
Now-a-days, enterprises are widely migrating their IT infrastructure to the cloud in order to minimize storage space and to gain quick access. Financial institutions and banks mainly deal in transferring critical data of their employees, so in order to maintain quick storage and retrieval of this very critical data, enterprises are facing difficulties related to security concerns while migrating to the cloud.
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Enterprises are adopting automated application deployment in order to minimize the risk of downtime, which directly shuts down entire enterprise operations. Hence, enterprises are implementing automatic application deployments using real-time analytics to obtain transparency throughout enterprise operational processes. This solution helps enterprises monitor all business activities and provides software driven access to all IT resources through APIs, thereby minimizing human errors.
In terms of value, the cloud service management segment is projected to be the most attractive in the global cloud orchestration market during the forecast period. The cloud service management segment is estimated to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is anticipated to register a CAGR of 15.9% during the forecast period. In 2016, the cloud service management segment was valued at US$ 2,013 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
In the coming years, it is expected that small and medium enterprises are going to be top adopters of cloud orchestration platforms and services. This platform helps enterprises improve business functionality by minimizing operating costs and improving productivity.
As investments in cloud orchestration platforms and services is witnessing a significant rise, small sized businesses can also be benefited by improving their efficiency of operations. This is expected to act as a potential growth factor for global cloud service providers to offer their orchestration services to small and medium sized businesses.
The market taxonomy breaks down the global cloud orchestration market into various segments and sub-segments to help report audience understand this vast and dynamic market in a comprehensive manner.
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