The market for cloud orchestration will triple over the next eight years, according to a new study.
Persistence Market Research reports that the industry is currently worth about $7 billion and will reach nearly $21 billion by the end of 2025.
The study attributes the rise to the growing popularity of software-as-a-service (SaaS) application management solutions. Those solutions help decide how the companies will reorient their applications within their IT system.
“Rampant adoption of such solutions have helped small enterprises as well as multinational conglomerates in identifying incompatible applications, which further improved their approach towards analyzing an overall system’s performance,” the report said. “These SaaS management solutions are developed on cloud-computing software, hence, a rise in their adoption is incidentally boosting the sales of global cloud orchestration market.”
The study also cites more companies relying on cloud-based services, the banking industry adopting more and more cloud-migration services, and an increasing need for cloud resiliency solutions.
The study defines cloud orchestration as “a software platform that helps enterprises orchestrate key IT and business processes to simplify operations management tasks and manage mission critical processes.” Persistence listed cloud service management and on-premises cloud orchestration deployment as orchestration processes gaining traction.
Difficulties come with the promising growth, namely the security of cloud-based networks.
“Cybersecurity forces spanned across the globe are striving to tackle the brimming attacks on cloud-enabled devices and networks. This has hurt the interests of investors and also demoted the adoption of any cloud-based solutions,” the report said.
There’s also a challenge in orchestrating IT infrastructures that are seemingly incompatible with cloud-based networks. These “unsuited” environments make it difficult to migrate data.
The study listed the following companies as cloud orchestration leaders: Actifio, Cloudability, CloudEndure, CloudVelox, Cloudyn, Hewlett Packard Enterprise, IBM, Infrascale, Geminare, Rackware, Rightscale,Scalr, Unitrends, Veritas, VMware and Zerto.