SAN FRANCISCO, June 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Cloud Orchestration – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: February 2021
Executive Engagements: 97460
Companies: 151– Players covered 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. and Others.
Coverage: All major geographies and key segments
Segments: Application (Cloud Service Management, Cloud Migration, API Management, Cloud DevOps)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
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Global Cloud Orchestration Market to Reach $25 Billion by 2026
Cloud orchestration is a set of software tools developed for managing interactions and interconnections between heterogeneous systems in complex cloud environments, including both private and public cloud infrastructure. Cloud orchestration is used to deploy and start servers, acquire 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. Amid the COVID-19 crisis, the global market for Cloud Orchestration estimated at US$10 Billion in the year 2020, is projected to reach a revised size of US$25 Billion by 2026, growing at a CAGR of 16.1% over the analysis period. Cloud Service Management, one of the segments analyzed in the report, is projected to record a 17.9% CAGR and reach US$10.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud Migration segment is readjusted to a revised 15.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.5 Billion in 2021, While China is Forecast to Reach $2.4 Billion by 2026
The Cloud Orchestration market in the U.S. is estimated at US$4.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 20.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.9% and 14.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR. Growing adoption of SaaS (Software-as-a-Service) as a management solution for repositioning IT environments is encouraging growth and adoption of cloud orchestration. Growth is also supported by the need to optimize resource allocation, growing value of self-service provisioning, and need for agile, flexible and cost efficient services. The trend towards automation and the need to reduce administrative overheads is also fueling growth. The increasing enterprise shift towards hybrid cloud models and infrastructure move towards cloud networks rather than dedicated servers are enhancing importance of cloud orchestration in effective management of cloud resources and applications.
API Management Segment to Reach $4.5 Billion by 2026
In the global API Management segment, USA, Canada, Japan, China and Europe will drive the 13.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$353.5 Million by the year 2026. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world’s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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