Cloud Based Workload Scheduling Software Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 1.53 Billion |
| Market Size (2028) | USD 2.43 Billion |
| CAGR (2023 - 2028) | 9.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cloud Based Workload Scheduling Software Market Analysis
The Cloud-based Workload Scheduling Software Market size is expected to grow from USD 1.53 billion in 2023 to USD 2.43 billion by 2028, at a CAGR of 9.67% during the forecast period (2023-2028).
As enterprises roll out new technologies, they need to consider and plan for impacts related to workload processing and the availability of critical applications across distributed and cloud environments; hence the need for better workload scheduling software is projected to increase in the future.
The cloud-based workload scheduling software available can integrate, monitor, and operate workloads, perform analysis, and give predictions for the future. This empowers organizations with abilities to tackle problems that can arise in the future and also manage assets.
Cloud-based workload scheduling software helps to improve workload scheduling without the need for human intervention. Sophisticated scheduling and analytical abilities help organizations increase employee efficiency. This is a significant drive for the cloud-based workload scheduling software.
Similarly, the rapid adoption and increasing preference for cloud-based services by various multinational businesses would provide enough new opportunities, driving the expansion of the cloud-based workload scheduling software market during the forecasted period.
However, the ease of availability, and the rapid growth of open-source software, are acting as major constraints for the growth of cloud-based workload scheduling software. The growing need to meet strict compliance and regulations has the potential to challenge the growth of cloud-based workload scheduling software.
During the pandemic, many countries across the globe mandated work from home based on public health safety concerns that drove the need for remote working infrastructure. Therefore, organizations operating at all levels, including government bodies, expected a wide range of potential impacts, such as increased demand for virtual services coupled with rising citizen expectations around the delivery of these services, the longer-term potential for reshaping the government workforce, and the need to provide adaptive and dynamic regulatory models. Thus, such impacts necessitated the cloud-based workload scheduling software for enhanced service experience. Post-pandemic, the market grew rapidly, with enterprises shifting towards cloud-based services.
Cloud Based Workload Scheduling Software Market Trends
Enterprises Shifting Towards Cloud-Based Services Drives the Market Growth
Enterprises are shifting towards cloud-based services effectively manage costs. Large data management is another problem eliminated due to this shift. Adding to this trend is the growing availability of free, open-source, and highly customizable cloud-based services.
The change to cloud-based workload scheduling software is a trend fast catching up the Small and Medium Enterprises that would like to take up cost-effective alternatives to manage their workloads.
For instance, in December 2022, BMC, one of the global leaders in software solutions for the Autonomous Digital Enterprise, confirmed that its cloud-based BMC Helix solution is offering a choice for modern enterprises exploring ServiceOps capabilities to break down staff, tool, and data siloes on their digital transformation journeys, such as Buchanan Technologies and Mphasis.
The startup culture has increased the demand for cloud-based services, and the proliferation of cloud-based services remains an essential factor for the emergence of the startup trend.
According to Flexera Software, 80 percent of enterprise respondents used Microsoft Azure for public cloud purposes. Amazon, Microsoft Azure, and Google Cloud, known as hyper scalers, are among the largest global cloud computing platform providers. As of March 2022, 80 percent of enterprise respondents stated they had implemented a hybrid cloud in their firm. The transition to hybrid cloud solutions is typically done at the expense of operating single private and public clouds.
North America is Expected to Register the Largest Market
Increasing IT infrastructure and the emergence of new organizations in the North American region have led to increasing demand for cloud-based workload scheduling software.
The growing trend of an entirely automated and cloud-based organization in the American region drives the market. North America pioneered the bring-your-own-device (BYOD) culture, resulting in widespread incorporation. This has led organizations to shift toward hybrid cloud models to ensure the safety of sensitive business information via private cloud while providing a greater reach of applications to employees through public cloud solutions, which is necessary for some applications requiring on-field access. This trend benefits productivity and is expected to continue and grow during the forecast period.
North America has witnessed an increase in cloud-based workload scheduling software products from the major players and growing new players like Workfront. Asana, Inc., Acuity Scheduling, and Inc., among others.
Further, the region is witnessing an explosion of new cloud tools adopted for hybrid and multi-cloud environments. At the same time, established cloud platforms are pivoting to fit into the new hybrid reality. The large public cloud providers are ramping up tools, including offerings in management, workload scheduling software, computing, networking, and security, to support hybrid cloud operations. In addition, the ongoing increase in demand for cloud platforms based on data integrity and privacy is further expected to increase the workload schedule software market adoption in the study period and enable leading vendors with more opportunities to grow in the market.
Cloud Based Workload Scheduling Software Industry Overview
The Cloud-based Workload Scheduling Software Market is highly fragmented, with the presence of major players like BMC Software (Boxer Parent Company, Inc.), CA, Inc. (Broadcom Inc.), VMware, Inc., IBM Corporation, and Adaptive Computing Enterprises, Inc.(ALA Services LLC). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their software offerings and gain sustainable competitive advantage.
In May 2022, IBM announced a Strategic Collaboration Agreement (SCA) with Amazon Web Services, Inc. (AWS), with ambitions to provide a wide range of its software portfolio as Software-as-a-Service (SaaS) on AWS. The collaboration between IBM and Amazon would enable clients with rapid and simple access to IBM Software that covers automation, data and AI, security, and sustainability capabilities, is based on Red Hat OpenShift Service on AWS (ROSA), and runs cloud-native on AWS. IBM Consulting and IBM Security Services may assist companies in developing and deploying contemporary, secure, and intelligent processes on AWS using IBM Software.
In March 2022, BMC, one of the global pioneers in software solutions for the Autonomous Digital Enterprise, chose Oracle Exadata Cloud Service, which runs on Oracle Cloud Infrastructure (OCI), to power its BMC Helix platform. Enterprise clients will benefit significantly from deploying the enterprise-grade BMC Helix ITSM portfolio on the flagship Oracle Exadata Cloud Service on OCI.
Cloud Based Workload Scheduling Software Market Leaders
BMC Software (Boxer Parent Company, Inc.)
CA, Inc. (Broadcom Inc.)
VMware, Inc.
IBM Corporation
Adaptive Computing Enterprises, Inc.(ALA Services LLC)
*Disclaimer: Major Players sorted in no particular order
Cloud Based Workload Scheduling Software Market News
- October 2022: Accenture and Google Cloud announced an expansion of their global partnership, including a renewed commitment to growing their respective talent pools, expanding their joint capabilities, developing new data and AI solutions, and providing enhanced support to help clients build a strong digital core and reinvent their enterprises on the cloud.
- August 2022: VMware Inc. and IBM announced an extended relationship at VMware Explore 2022 to assist global clients and partners in modernizing mission-critical workloads and accelerate time to value in hybrid cloud settings. The connection has been expanded to include IBM Consulting as a VMware GSI partner, the businesses' intention to provide new collaboratively built IBM and VMware Cloud products, and cooperative development and go to market. IBM and VMware intend to work together to assist clients in regulated areas such as financial services, healthcare, and government with the cost, complexity, and risk of transferring and upgrading mission-critical workloads in the cloud.
Cloud Based Workload Scheduling Software Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Enterprises Shifting Towards Cloud-Based Services
5.1.2 Availability of Analytical tools in Cloud based Workload Scheduling Software
5.2 Market Restraints
5.2.1 Opensource-Free Software Hampering the Growth of Market
6. MARKET SEGMENTATION
6.1 By Cloud
6.1.1 Public
6.1.2 Private
6.1.3 Hybrid
6.2 By End User
6.2.1 Corporate
6.2.2 Government
6.2.3 Other End Users
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 BMC Software (Boxer Parent Company, Inc.)
7.1.2 CA, Inc. (Broadcom Inc.)
7.1.3 VMware, Inc.
7.1.4 IBM Corporation
7.1.5 Adaptive Computing Enterprises, Inc. (ALA Services LLC)
7.1.6 ASG Technologies Group, Inc.
7.1.7 Cisco Systems Inc.
7.1.8 Hitachi, Ltd.
7.1.9 ManageIQ, Inc. (Red Hat, Inc.)
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. INVESTMENT ANALYSIS
Cloud Based Workload Scheduling Software Industry Segmentation
Workload scheduling uses software to schedule, initiate, and manage everyday tasks related to business transactions. A workload, here, can be thought of as the total amount of processing that a computer or enterprise conducts at any given time. Workload scheduling software makes it possible for much of that processing to take place without human intervention. Hence, Cloud-based workload scheduling software can be used for monitoring, automating, and scheduling the enterprise's workflow employed through the cloud.
The Cloud-based Workload Scheduling Software Market is segmented by cloud (Public, Private, Hybrid), by end-user (Corporate, Government), and by geography (North America, Europe, Asia Pacific, Latin America, and Middle East Africa). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.
| By Cloud | |
| Public | |
| Private | |
| Hybrid |
| By End User | |
| Corporate | |
| Government | |
| Other End Users |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East & Africa |
Cloud Based Workload Scheduling Software Market Research FAQs
How big is the Cloud-based Workload Scheduling Software Market?
The Cloud-based Workload Scheduling Software Market size is expected to reach USD 1.53 billion in 2023 and grow at a CAGR of 9.67% to reach USD 2.43 billion by 2028.
What is the current Cloud-based Workload Scheduling Software Market size?
In 2023, the Cloud-based Workload Scheduling Software Market size is expected to reach USD 1.53 billion.
Who are the key players in Cloud-based Workload Scheduling Software Market?
BMC Software (Boxer Parent Company, Inc.), CA, Inc. (Broadcom Inc.), VMware, Inc., IBM Corporation and Adaptive Computing Enterprises, Inc.(ALA Services LLC) are the major companies operating in the Cloud-based Workload Scheduling Software Market.
Which is the fastest growing region in Cloud-based Workload Scheduling Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Cloud-based Workload Scheduling Software Market?
In 2023, the North America accounts for the largest market share in the Cloud-based Workload Scheduling Software Market.
Cloud-based Workload Scheduling Software Industry Report
Statistics for the 2023 Cloud-based Workload Scheduling Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cloud-based Workload Scheduling Software analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
