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Process Orchestration Market is Expected to reach USD 17.54 Billion at a CAGR of 16.10% by 2030 – Report by Market Research Future (MRFR)



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New York, USA, May 12, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Process Orchestration Market Research Report Information By Function, By Component, By Deployment Type, By Organization Size, By Industrial Vertical – Global Forecast till 2030″, the market is anticipated to acquire a valuation of approximately USD 17.54 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 16.10 % during the assessment timeframe.

Key Players
Eminent market players profiled in the global process orchestration market report include

  • SAP SE (Germany)
  • IBM Corporation (US)
  • Oracle Corporation (US)
  • CA Technologies (US)
  • ServiceNow Inc (US)
  • Cisco Systems Inc (US)
  • BMC Software Inc (US)
  • Fujitsu Ltd (Japan)
  • OpenText Corporation (Canada)
  • Newgen Software Technologies Limited (US)
  • Software AG (Germany)
  • HCL Technologies Limited (India)
  • Wipro (India)
  • Micro Focus International PLC (UK)

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Process Orchestration Market Report Scope:

Report Metric Details
Process Orchestration Market Revenue Forecast in 2030 USD 17.54 Billion
Process Orchestration Market Growth Rate CAGR of 16.10% from 2022 to 2030
Base Year 2021
Study Period 2022-2030
Key Market Opportunities The increasing investment in the cloud-based service/solution by the government, small and medium enterprises, is further expected to boost market growth during the period of research study.
Key Market Drivers Global digitalization is a major factor driving the process orchestration market as there is an increase in the user’s awareness for optimizing the business process with digital transformation.


Growing Need for Digital Transformation to Boost Market Growth
Businesses are making heavy investments in digital transformation to maintain meeting customer expectations because developing technologies are continually changing those expectations. Using automation technology for better corporate operations and decision-making is the core of digital transformation. One of the most popular digital technologies used by businesses to increase productivity and use their IT systems to cater to the changing needs of their consumers is process orchestration solutions.

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Technological Advances to offer Robust Opportunities
With the global expansion of the IoT, artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML), orchestration has become essential for eliminating errors and enhancing business flows. Players in the industry will probably rely on orchestration to boost resilience, improve mean time to resolution, and integrate latest tools & technologies through a single orchestration platform.

Restraints and Challenges
Lack of Knowledge to act as Market Restraint
The lack of knowledge amid users, increase in compliance & regulations requirements, and misunderstanding around the business process orchestration may act as market restraints over the forecast period.

Market Segmentation
The global process orchestration market is bifurcated based on industry, organization size, deployment, component, and function.

By function, supply chain management & order fulfillment marketing will lead the market in the forecast period.

By component, solution will domineer the market over the forecast period.

By deployment, on-premise will spearhead the market over the forecast period.

By organization size, large enterprise will have the lions share in the market in the forecast period.

By industry, BFSI will have the largest share in the market over the forecast period.

COVID-19 Analysis
Every corporation and business has been forced by the epidemic to move their business operations towards a remote work environment. Due to the critical circumstances, businesses started implementing process orchestration solutions for increased productivity and business agility. Also, the need for cloud-based solutions & the SaaS-based model dramatically expanded during the COVID as a result of work-from-home rules. The market growth has been positively benefited by this. By eliminating the need on personnel availability during the epidemic, process orchestration and automation, in addition to facilitating remote working, also helped ensure business resilience.

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Regional Analysis
North America to Head Process Orchestration Market
The US is predicted to continue to dominate the North American market with the maximum CAGR over the assessment period. Many IT firms that are currently utilizing process orchestration solutions are anticipated to boost the pace of the local sector. Of all the regions, it has been shown that North America is a region where orchestration process is indeed most common. Here, the use of technology made it possible to use brand-new, cutting-edge orchestration tools. The local businesses helped themselves by enhancing their current business practices. This improved the company’s capacity for cost- and efficiency-cutting. Both local consumers and users from other locations can receive services thanks to the vendors. The government is investing higher in cloud-based solutions, along with small, medium, and large-scale businesses, which helps to expand growth potential. The market is also benefited by the rising need for cloud-based solutions & the automation of industrial services. This area is home to a number of top process orchestration solution providers, such as IBM, Cisco, CA Technologies, and Oracle, which has a significant impact on market growth.

APAC to Have Admirable Growth in Process Orchestration Market
The process orchestration market in APAC is projected to experience rapid growth due to the IT sector’s quick expansion. In the years to come, other variables like digitalization and the expanding use of cloud solutions are likely to have an impact on the market. Many factors, including the rise in digitization and the use of process orchestration tools via end users including BFSI and retail, are responsible for the market’s expansion in this area. Furthermore, the existence of major companies offers a wealth of prospects for market expansion. The region with the highest growth rate is anticipated to be Asia-Pacific. The increase in cloud-based process orchestration solutions, more economic transformation, globalization, and digitization are all to blame for this. The need for the process orchestration software is also significantly influenced by the growing understanding among businesses of the advantages of process orchestration, such as improved business planning and the removal of process redundancies. Over the period of the study, it was found that the market here expanded quickly. This is done so that, as a result of the acceleration of economic transformation, globalization, digitization, and the emergence of cloud-based solutions, clients would be more likely in adopting latest, cutting-edge orchestration techniques. The surge in demand for cost optimization and effective utilization of IT infrastructures has contributed to the market growth for process orchestration.

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Industry Updates

April 2023- Leading process orchestration company Camunda recently released Camunda Platform 8.2, which includes a number of user interface and integration changes that significantly enhance the complete process development lifecycle. With the help of these new functionalities, end-to-end process orchestration may be sped up and new digital initiatives can be driven.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI




Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation
BENGALURU, India, Sept. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth.

Generative AI has opened new avenues of AI applications and key enterprise functions across industries, and Infosys is providing services, frameworks, solutions, and platforms in multiple application areas, such as semantic search, document summarization, contact center transformation, AI-augmented software development lifecycle (SDLC) and marketing content creation. For example, Infosys helped a leading financial services company implement an AI-based solution to generate document summaries and provide a semantic search capability using generative AI. This resulted in automated organization of documents, which significantly reduced efforts and improved productivity of their financial advisors.
Through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, in order to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers’ operational efficiency, decrease turn-around-time, future-proof investments, and open new business models.
Balakrishna D. R. (Bali), Executive Vice President and Global Head – AI and Automation, Application Development & Maintenance, Infosys, said, “Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services. It converges the power of Infosys Cobalt and data analytics to AI-power business and deliver cognitive solutions and intuitive experiences that revitalize growth. Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises.”
Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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Vena Closes First Half of 2023 With Record Revenue, Customer Base and Partnerships




CPM leader notches impressive year-over-year revenue growth alongside continued recognition of platform capabilities  
TORONTO, Sept. 26, 2023 /PRNewswire/ — Vena, the Intelligent Complete Planning platform loved by finance and trusted by business, entered the second half of 2023  with considerable customer momentum and revenue growth following fiscal H1. The company welcomed more than 200 new customer wins and saw continued success across Vena’s Services and Solutions Partner Ecosystem.  

Vena’s award-winning cloud corporate performance management (CPM) software empowers leading companies and organizations worldwide, such as Nike, Kansas City Chiefs, Coca-Cola Consolidated, WWF-Canada and over 1,600 more, to plan for anything and succeed through today’s uncertainty. For Metro Supply Chain Group, Vena has helped them run multliple scenarios and use multiple forecasts to aid decision making. “Operational metrics are important, but the story is not complete until you can see how they impact your costs, revenue and EBITDA margins. Vena is our way of bringing that all together and measuring the health of our business,” explains Paolo Mari, VP of Business Analytics and Commercial Management at Metro Supply Chain Group. 
According to Vena CEO Hunter Madeley, Vena’s growth has been fueled by the ever-increasing need for customers to derive insights from internal and external data and take purposeful action.  
“Our customers are leveraging Vena to navigate their best path through what continues to be highly variable market conditions for most organizations. The Vena Insights product, which puts the power of AI in the hands of our customers, has seen tremendous uptake this year as finance and operations teams become stronger strategic partners for their organizations. Whether leaning on the experience and knowledge of our service and support teams, or the strength of our expansive Partner ecosystem, our customers are taking full advantage of the investments we continue to make in our platform. We remain grateful to the entire Vena community for their continued support, and we look forward to serving record numbers of customers and partners in 2023,” says Madeley. 
The company, which offers an industry-leading corporate performance management platform that helps organizations plan for anything, also hosted another successful Excelerate Summit in May. The yearly global virtual summit and new this year, a local in-person event in the UK, featured 40+ speakers and drew more than 3,000 finance and business leaders from around the world. Vena previewed expanded solution offerings, including new Partner-built preconfigured solutions (PCS), at Excelerate Summit 2023. The annual conference saw record Partner participation rates with an increase of 80% over 2022 across Partner speakers, attendees and exhibitors. 
Growth in Vena’s revenue and customer base has been accompanied by numerous industry accolades, including:  
Recognized for the fourth consecutive year with a TrustRadius Tech Cares award for going above and beyond to support employees and communities across five areas of focus ( Volunteerism; Robust diversity, equity and inclusion programs; Charitable donations and fundraising; Workplace culture, including support for remote and in-office employees;  Demonstrable support for environmental sustainability). Earning multiple 2023 TrustRadius Top Rated Awards in four categories: Corporate Performance Management (CPM); Budgeting and Forecasting; Financial Close;  Cash Flow Management. Recognition as a Leader in the 2023 Nucleus Research CPM Technology Value Matrix, which acknowledged Vena’s enablement of  “customers to make data-driven decisions, uncover actionable insights and drive growth across their business.” About Vena Vena is the only Intelligent Platform for Complete Planning that’s natively integrated with Microsoft 365, empowering teams to plan the way they think. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and flexible modeling capabilities to help business, finance and operations leaders make informed business decisions. With Vena, you can leverage the power of Microsoft Excel and AI-powered insights in a unified, cloud-based platform that enhances collaboration, scalability and security. Over 1,600 of the world’s leading companies rely on Vena to power their planning. For more information, visit  
MEDIA CONTACT Jonathan Paul Senior Director, Content & Communications, Vena [email protected] 
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EdrawMind V10.9.0 ‘s New Features Revolutionizing the Way Users Visualize Ideas




VANCOUVER, BC, Sept. 26, 2023 /PRNewswire/ — Wondershare Technology, a globally recognized software company, is excited to announce the release of EdrawMind V10.9.0, the latest version of their leading mind mapping and brainstorming tool. This update introduces a range of features aimed at revolutionizing the way users visualize ideas, enhancing efficiency, and fostering creativity. By harnessing cutting-edge technology, this new version seeks to cater to the diverse needs of professionals, students, and anyone looking to transform their thoughts into organized, dynamic, and visually appealing diagrams.

Integration with OpenAI: This feature enables seamless interaction with ChatGPT, integrating powerful AI capabilities into EdrawMind, thereby improving user experience through intelligent suggestions and assistance.Intelligent Document Parsing: EdrawMind can now intelligently analyze and process documents, extracting key information and assisting users in creating mind maps based on existing documents.PPT Generation: A valuable addition for users seeking to convert their mind maps into presentation slides efficiently.Inspiration Space: This dedicated space within the software encourages brainstorming and idea collation, thus streamlining the creative process.Exploration of Audio and Video: EdrawMind V 10.9.0’s new capability to handle audio and video content allows users to enrich their mind maps with multimedia elements.Versatile and Vertical Mind Map Posters: This feature provides users with myriad options for creating and customizing mind map posters, both in terms of layout and design.”In our relentless pursuit of enhancing user experiences, we are thrilled to introduce the integration of OpenAI into EdrawMind. This transformative update brings AI-driven features like intelligent file parsing and effortless PPT generation directly to our users, empowering them to achieve new levels of productivity and creativity. But our commitment doesn’t end here. We envision a future where our AI continually evolves, learns, and adapts to better serve and inspire our users on their creative journeys.” – Iris Liu, Head of Wondershare BrandingWondershare
Compatibility and Price 
Wondershare EdrawMind is compatible with Windows, Mac, Android and iOS and pricing starts at $39 for a six-month subscription. For free trials and downloads, please visit our official website or follow us on YouTube, Facebook, Twitter, and Instagram to learn more about EdrawMind.  Additionally, with an EdrawMind membership, you can enjoy cross-platform benefits across all EdrawMind platforms.
About Wondershare
Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life. 
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