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.
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.