Portland, OR, Jan. 31, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global AI orchestration market was estimated at $5,171.64 million in 2021 and is expected to hit $35.2 billion by 2031, registering a CAGR of 21.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5,171.64 Million |
| Market Size in 2031 | $35,161.74 Million |
| CAGR | 21.5% |
| No. of Pages in Report | 309 |
| Segments Covered | Component, Deployment Mode, Application, Organization Size, Industry Vertical and Region. |
| Drivers | Rising adoption of AI orchestration solution across several industry verticals |
| Growth in demand for optimum resource utilization | |
| Rise of responsible AI | |
| Restraints | High cost of innovation and budget constraints |
| Opportunities | Low-code and no-code AI |
| Growing initiative of AI orchestration in cybersecurity |
Covid-19 scenario-
- The Covid-19 outbreak positively impacted the AI orchestration market growth, owing to significant investment in advanced technologies such as Internet of Things (IoT), cloud computing, big data, AI/ML across the globe.
- Furthermore, rising adoption of AI orchestration solutions in various sectors such as retail, automobiles, healthcare, education, and others, are expected to propel the growth of the AI market during the forecast period.
The global AI orchestration market is analyzed across component, deployment mode, application, organization size, industry vertical and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By component, the solution segment held the largest share in 2021, garnering around three-fourths of the global AI orchestration market revenue, and is projected to maintain its dominance by 2031. The same segment would also showcase the fastest CAGR of 20.4% during the forecast period.
By deployment mode, the on-premise segment contributed to nearly three-fourths of the global AI orchestration market share in 2021, and is projected to rule the roost by 2031. The Cloud segment, on the other hand, would display the fastest CAGR of 24.9% throughout the forecast period.
By application, the workflow orchestration segment accounted for the highest share in 2021, generating nearly 30% share of the global AI orchestration market revenue. The same segment would also portray the fastest CAGR of 18.4% during the forecast period.
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By organization size, the large enterprises segment accounted for the highest share in 2021, generating more than 50% share of the global AI orchestration market revenue. The same segment would also portray the fastest CAGR of 19.9% during the forecast period.
By industry vertical, manufacturing sector held the major share in 2021, garnering more than one-fifth of the global AI orchestration market revenue. government and defense sector, simultaneously, would showcase the fastest CAGR of 29.8% from 2022 to 2031.
By region, North America held the major share in 2021, garnering more than 40% share of the global AI orchestration market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 26.8% from 2022 to 2031.
The key market players analyzed in the global AI orchestration market report BMC Software, Inc., Capgemini Services SAS, Cisco Systems, Inc., Fujitsu Limited, General Electric Company, Hewlett Packard Enterprise Company, IBM Corporation, Oracle Corporation, TIBCO Software Inc., and Wipro Limited. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
