DUBLIN, November 9, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Cloud Orchestration Market by Service Type, Application, Deployment Model, Organization Size, Vertical, & Region - Global Forecast to 2021" report to their offering.
The cloud orchestration market is expected to grow from USD 4.95 Billion in 2016 to USD 14.17 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period. Growing demand for optimum resources utilization and increasing need for self-service provisioning has led to the increased demand for cloud orchestration services and applications. The adoption of cloud orchestration services among the enterprises increased due to their benefits such as rapid deployment, increased staff efficiency, reduced cost of maintenance, improved responsiveness to end users, optimum resource utilization, and increased quality. The compliance auditing is expected to grow at the highest CAGR during the forecast period. Due to the presence of advanced technologies in the cloud orchestration market, companies are focusing on updating their orchestration systems to keep pace with their competitors. The major factors driving the adoption of cloud orchestration are high demand for resource management, improving productivity, and increasing need for self-service provisioning. The media and entertainment sector is expected to grow at the highest rate in the market during the forecast period. Media companies are implementing cloud orchestration services to automate scaling of their content creation, storage, and delivery while reducing capital investment in IT. North America is expected to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is expected to grow at the highest CAGR from 2016 to 2021, in the cloud orchestration market. Factors such as rising need for advanced resource management system and shifting of workloads to cloud environment, would also drive the demand for cloud orchestration solutions, globally. Companies Mentioned: