Workload Scheduling & Automation Market

The global workload scheduling & automation market size valued at USD 2.68 Billion in 2022 and is projected to reach USD 4.72 Billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023-2031. The growth of the market is attributed to the production of huge volumes of data due to growing penetration to the internet, rising inclination towards cloud-based & virtual resources, and going on digitalization.

A tool that is used for workflow rationalization and IT process automation is known as workflow scheduling & automation software. Usage of this software helps the developers in the integration and the automation of the IT and business processes. In order to intensify competitiveness and efficiency, numerous enterprises are adopting these solutions for IT automation resulting to play a critical role.

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Workload scheduling and automation is used by an organizational IT environment to control, monitor, and automate the jobs or workflows of that organization. In order to enhance the organizational performance along with reduction of the overall cost of ownership, workflow scheduling & automation assist in the efficient execution of background IT jobs and streamline the infrastructure of IT with the objectives of the business.

Suites designs for workload automation and integrated batch are offered to numerous companies by the key vendors that help these companies to build their customized batch operations including functions such as monitoring and automated scheduling. Vendors are also helping various companies to strengthen their agility by integrating IT platforms and environments with batch scheduling processes.

Workload processing is immensely becoming impractical due to the evolvement of several IT industries with the operations of data centers and the unfolding of new trends resulting in the adoption of automated workload scheduling by numerous organizations.

Currently, application developers deal with innumerable operating systems and business applications while working in a strong IT environment. Management of batch activity in such environment requires manual scripting which is laborious, time-consuming, and causes error.

The COVID-19 pandemic had an adverse impact on various industries and shattered the global economy due to emergency lockdown, quarantines, and social distancing. The demand, production, and supply of goods and services were also on hold.

However, the pandemic had a positive impact on the workload scheduling & automation market as cloud technology used by IT resources helped various businesses and people in connectivity enhancement and better access to data. Cloud-based solutions by workload automation and scheduling software enabled various technology-driven companies to control their work environment remotely.

Market Trends, Drivers, Restraints, and Opportunities

• The rising demand for big data analytics, cloud computing, micro-services architecture, enterprise mobility, and DevOps is also anticipated to boost the market growth.

• The requirement of automation for the elimination of the process of manual scripting is expected to drive the market growth over the forecast period.

• Adoption of cloud-based services by numerous enterprises is a major factor driving the market expansion in the coming years.

• Absence of a steady internal workload process in some companies leads to issues in offloading the company’s process to a software solution which is a key challenge restraining the market growth.

• The continuous integration of advanced technologies including machine learning, artificial intelligence, and others with workload automation solutions is estimated to create profitable opportunities for the market expansion.

Scope of the Report

The report on the global workload scheduling & automation market includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.

Market Segment Insights

Cloud segment is expected to dominate the market

On the basis of the deployments, the workload scheduling & automation market is segmented into on-premise and cloud. The cloud segment held a large share of the market in 2019 and is expected to dominate the market over the forecast period owing to growing demand for cloud-based solutions that assist the operators and the developers on the job.

Cloud-based solutions have emerged as a new trend adopted by various businesses as they also provide the prediction and the analysis of the future. This feature enables a company to be prepared for problems rising in the future and tackle them in the meantime.

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Small & medium enterprise segment is anticipated to grow at a considerable rate

Based on enterprise sizes, the market is bifurcated into small & medium enterprise and large enterprise. The large enterprise segment held a major share of the market in 2019 owing to the huge adoption of workload scheduling & automation solutions along with their deployment among these enterprises which also help them in the effective management of their cost.

On the other hand, the small & medium enterprise segment is anticipated to grow at a considerable rate over the forecast period due to increasing acceptance and adoption of these solutions, especially among the startups.

Retail segment is estimated to expand at a significant CAGR

On the basis of end-users, the workload scheduling & automation market is divided into retail, BFSI, healthcare, IT & telecommunication, manufacturing, government & public sector, and others.

The retail segment held a key share of the market in 2019 and is estimated to expand at a significant CAGR in the coming years due to the wide adoption of workload automation by the particular segment for the purpose of in-house functioning. These functions include digital wallets, online payment management, exemplary customer experience, payment gateways, and others.

Asia Pacific market is expected to grow at a rapid pace

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major share of the market in 2019 attributed to the adoption of workload scheduling and automation solutions by numeral enterprises at a very initial level.

However, the market in Asia Pacific is expected to grow at a rapid pace during the forecast period owing to the fact that the region is home to various IT solution and service providers.

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Segments

The global workload scheduling & automation market has been segmented on the basis of

Deployments

• On-premise
• Cloud

Enterprise Sizes

• Small & Medium Enterprise
• Large Enterprise

End-users

• Retail
•  BFSI
• Healthcare
• IT & Telecommunication
• Manufacturing
• Government & Public Sector
• Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• VMWare Inc.
• BMC Software, Inc.
• Cisco Systems, Inc.
• CA Technologies (Broadcom Inc.);
• HCL Technologies Ltd.
• IBM Corp.
• Hitachi Vantara Corp.
• Oracle Corp.
• ASG Technologies Group, Inc.
• Stonebranch Inc.

Competitive Landscape

Key players competing in the global workload scheduling & automation market are VMWare Inc.; BMC Software, Inc.; Cisco Systems, Inc.; CA Technologies (Broadcom Inc.); HCL Technologies Ltd.; IBM Corp.; Hitachi Vantara Corp.; Oracle Corp.; ASG Technologies Group, Inc.; and Stonebranch Inc.

Many of these players have adopted business strategies such as collaborations, partnerships, acquisitions, alliances, and mergers in order to increase their operation expansion, consumer base, and market position globally. For instance, IBM’s products available for marketing, security, digital solutions, and commerce were acquired by HCL Technologies Ltd. in July 2019.