Market Trends of Cloud-based Workload Scheduling Software Industry
Public Cloud-Based Services is set to hold the largest market share
- 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 prominent players 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.
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North America is Expected to Register the Largest Market Share
- 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.
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