Service Orchestration Market To Reach US$ 42.1 Bn By 2031 - Comprehensive Research Report By FMI

The global service orchestration market is projected to surpass US$ 4 Bn in 2021, finds Future Market Insights (FMI) in a recent market analysis. Increasing demand for improved connectivity and flexible data interfacing in organizations are projected to augment growth of the market over the forthcoming years.

Considering this, FMI has forecast the service orchestration market to top US$ 42.12 Bn by 2031, with companies such as Cisco Systems, Juniper Networks, IBM Corporation, Huawei Technologies, and NEC emerging as key market players. Collectively, these companies are expected to hold over 15% of the total market share.

Rapid advancements in cloud computing technologies, along with increasing adoption of business automation services in organizations will continue pushing sales of service orchestration solutions. Considering this, FMI has forecast the total market valuation to surpass US$ 4.1 Bn in 2021.

Over the past few years, development of service orchestration architectures and interfaces has been accelerating. A key motive of service orchestration is to enable dynamic and flexible resource control and monitoring mechanisms.

Get Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-13147

Organizations continually seek to improve cost efficiency as they scale, and service orchestration enables them to achieve their goals by delivering those improvements with predictability and reliability.

Service orchestration reduces cost of network ownership and delivers on-demand services to a broad range of businesses. Moreover, multi-domain service orchestration ensures software development and integration support to streamline service activation and enhance agility. Owing to these factors, sales of service orchestration in large and small/medium enterprises (SMEs) are projected to rise over the forecast period.

The introduction of the cloud computing technologies has provided organizations with a reliable, effective solution to deliver essential capabilities and services to their customers, at scale. Cloud has become an intrinsic part of modern business. Cloud computing gives organizations the ability to improve their operational efficiency, cut costs, and increase data and processing flexibility.

With huge amount of data generated through multiple cloud environments, maintaining the coherent cloud processes has become a difficult task. To meet these challenges, organizations are continuously integrating advanced service orchestration platforms, which will continue augmenting growth of the market in the forthcoming years.  

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-13147

Service Orchestration Market by Category

By Solution:

• Service Orchestration Platform
  • Cloud-based
  • On-Premises
• Services
  • Professional Services
    • Consulting & Advisory
    • Integration & Deployment
    • Support & Maintenance
  • Managed Services

By Enterprise Size:

• Small and Mid-Sized Enterprises (SMEs)
• Large Enterprises

By Industry:

• BFSI
• Retail & CPG
• Healthcare
• Government
• Travel & Hospitality
• IT & Telecom
• Manufacturing
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

Buy Now@ https://www.futuremarketinsights.com/checkout/13147

Key Questions Answered in the Report

• What is the current service orchestration market value?

The global service orchestration market is forecast to reach a valuation of US$ 4 Bn in 2021.

• At what rate did the service orchestration market grow between 2016 and 2020?

The service orchestration market expanded at an impressive 24.5% CAGR between 2016 and 2020.

• What are the key trends driving service orchestration sales?

Rising demand for cloud-based services, along with increasing adoption of automation services among large enterprises and SMEs are some key trends driving sales of service orchestration solutions.

• What will be the demand outlook for service orchestration market in North America?

North America is predicted to remain one of the most attractive markets during the forecast period. U.S. is expected to account for close to 88.9% of the North America market through 2031.

• What is the market share of leading players operating in the service orchestration market?

Top 5 players in the global service orchestration market are projected to hold over 15% of the total market share.

Explore FMI’s Extensive ongoing Coverage on Technology Domain

Regulatory Reporting Solutions Market: The regulatory reporting solutions market is expected to reach ~US$ 20.2 Bn by 2032, growing at a CAGR of 14.7% for 2022 – 2032.

Smart Fitness Market: The global smart fitness market size is expected to reach ~US$ 50 Bn by 2031, growing at a CAGR of 12% for 2021 – 31.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/service-orchestration-market

© Scoop Media