The artificial intelligence (ai) orchestration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence (AI) Orchestration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
artificial intelligence (AI) orchestration market size has grown
exponentially in recent years. It will grow from $7.57 billion in 2023
to $9.33 billion in 2024 at a compound annual growth rate (CAGR) of
23.2%. The growth in the historic period can be attributed to rise of
cloud computing, surge in big data usage, proliferation of IoT devices,
expansion of devops practices, growing need for real-time insights.
The artificial intelligence (AI) orchestration market size is expected to see exponential growth in the next few years. It will grow to $21.11 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to rapid adoption of cloud service, increasing complexity of IT environments, demand for autonomous systems, proliferation of edge computing. Major trends in the forecast period include explainable AI, integration of ai orchestration with DevOps, enhanced security orchestration, edge AI orchestration, AI orchestration for IoT.
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Scope Of Artificial Intelligence (AI) Orchestration Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Artificial Intelligence (AI) Orchestration Market Overview
Market Drivers -
The
rapid digital transformation across industries is expected to propel
the growth of the artificial intelligence (AI) orchestration market in
the coming years. Digital transformation is the process of leveraging
digital technology to alter current or develop new company processes,
cultures, and customer experiences to meet changing market and consumer
expectations. Artificial intelligence (AI) orchestration promotes the
digital shift by effectively integrating and coordinating several AI
technologies, reducing workflows, and maximizing resource use, resulting
in increased productivity and innovation. For instance, in May 2022,
according to the International Business Machines Corporation (IBM), a
US-based technology company, around 35% of businesses globally used
artificial intelligence (AI) in 2022, which is an increase of 4% from
2021. In addition, there was a 13% increase in organizations adopting
artificial intelligence (AI) in 2022 compared to 2021. Therefore, the
rapid digital transformation across industries is driving the artificial
intelligence (AI) orchestration market.
Market Trends -
Major
companies operating in the artificial intelligence (AI) orchestration
market are focusing on technologically advanced products, such as
workflow orchestration services, to assist firms with automating,
speeding up, and streamlining critical business operations. Workflow
orchestration services include the monitoring and coordination of
people, digital workers, infrastructure, and data across a process,
allowing for the automation, improvement, and streamlining of
complicated processes from start to finish. For instance, in January
2024, Kyndryl, Inc., a US-based information technology company, launched
Kyndryl Workflow Orchestration services. Kyndryl Workflow Orchestration
Services is a generative AI-powered digital workplace solution meant to
be a one-stop shop for businesses looking to enhance, optimize, and
modernize the digital work experience for their employees and consumers.
It was created to assist clients in capitalizing on no-code or low-code
technologies that increase business outcomes. The solution uses
workflow capabilities and AI automation to coordinate business
operations, decrease complexity, shorten cycle times, and optimize ROI
by lowering training and development expenses.
The artificial intelligence (ai) orchestration market covered in this report is segmented –
1) By Component: Services, Solution
2) By Deployment Mode: Cloud, On-Premise
3)
By Application: Customer Service Orchestration, Infrastructure
Orchestration, Manufacturing Orchestration, Workflow Orchestration,
Other Applications
4) By End-Users: Information Technology And
Telecommunications, Manufacturing, Healthcare, Banking Financial
Services And Insurance (BFSI), Consumer Goods And Retail, Government And
Defense, Energy And Utilities, Other End-Users
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Regional Insights -
North
America was the largest region in the artificial intelligence (AI)
orchestration market in 2023. Asia-Pacific is expected to be the
fastest-growing region in the forecast period. The regions covered in
the artificial intelligence (ai) orchestration market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Oracle
Corporation, General Electric Company, International Business Machines
Corporation, Cisco Systems Inc, SAP SE, Fujitsu Limited , Hewlett
Packard Enterprise Company , Capgemini SE, GE HealthCare Technologies
Inc., VMware LLC, Wipro Limited, ServiceNow Inc., Red Hat Inc., Micro
Focus International plc, BMC Software Inc, TIBCO Software Inc, Dynatrace
Inc., Flexera, HashiCorp, ScienceLogic, CA Technologies Inc, Cloudify,
Rapid Acceleration Partners Inc., Activeeon S.A.S., Pandio, HyperSense
Software, Botminds AI, ModelOp, CloudFabrix, AltaSigma GmbH
Table of Contents
1. Executive Summary
2. Artificial Intelligence (AI) Orchestration Market Report Structure
3. Artificial Intelligence (AI) Orchestration Market Trends And Strategies
4. Artificial Intelligence (AI) Orchestration Market – Macro Economic Scenario
5. Artificial Intelligence (AI) Orchestration Market Size And Growth
…..
27. Artificial Intelligence (AI) Orchestration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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