cybercrime incidences were recorded. Provisioning allows access to authenticated entities and
helps protect mission critical data of businesses to be accessed by other parties. It involves the
process of preparing and equipping a network to allow it to provide new services to appropriate
users.
Among verticals, banking, financial services, and insurance (BFSI) segment is expected to be
dominant in the market, with largest market share throughput the forecast period (2018-2026).
Increasing number of credit/ debit card frauds are expected to increase the adoption of
orchestration tools for cloud infrastructure in BFSI institutions. This is evident from the fact that,
in 2015, fraud losses incurred by banks and merchants on all credit, debit, and pre-paid general
purpose and private label payment cards globally were worth US$ 21.84 billion, according to a
report by Forbes. Furthermore, financial frauds leading to fraudulent access and increasing data
loss, and this is expected to lead to high demand for such tools.
Key Takeaways of the Market:
According to Coherent Market Insights analysis, the market in North America accounted for the
largest share in the global market and is expected to witness highest growth over the forecast
period. The region being one of the early adopters of cloud technology, is also expected to
progressively adopt orchestration tools. According to National Institute of Standards and
technology (NIST) increasing number of enterprises are harnessing the benefits of orchestration
tools and thus, aiding in boosting growth of the market in North America.
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The players in the market are offering orchestration tools with advanced features for resource
orchestration, workload orchestration and services orchestration. IBM Corporation is one of the
leading players in the industry offering competitive cloud orchestration tools with the
names Chef and Chef is an automation platform that transforms complex infrastructures into
code, thereby streamlining both servers and services. Chef automates configuration,
deployment, and management of applications across the network.
Some of the key players operating in the global spark plug wire industry include IBM
Corporation, Hewlett Packard Enterprise Company, Oracle Corporation, Cisco Systems, Inc.,
Amazon Web Services, VMware, Inc., Computer Sciences Corporation, Red Hat, Inc.,
Servicenow, Inc., and BMC Software.