Magic Quadrant for Service Orchestration and Automation Platforms
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were added in this report.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were dropped in this report.
This is the first version of the Magic Quadrant for Service Orchestration and Automation Platforms. It replaces the Market Guide for Service Orchestration and Automation Platforms. The SOAP market has seen steady growth, increasing from an estimated $2.9 billion in 2022 to $3.2 billion in 2023, representing 10.7% growth. This market is expected to continue to increase to an estimated $6.3 billion by 2027, with a compound annual growth rate (CAGR) of 6.2%. Recent market dynamics include: Redwood Software acquired Tidal Software, Beta Systems Software acquired InfiniteDATA, Fortra rebranded from HelpSystems, and several vendors received VC and PE investments including Stonebranch, Fortra, Resolve Systems, Rocket Software and SMA Technologies.
A: This is the first Magic Quadrant for this market category, replacing the previous Market Guide format. As such, there are no vendors appearing or disappearing from a previous Magic Quadrant - all vendors in this report are new inclusions based on meeting the defined inclusion criteria for revenue ($25 million or 200+ paying customers), geographic presence (at least two regions), and general availability as of January 2024.