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Rising Adoption Of Cloud Computing Driving Growth In Cloud-Based Workload Scheduling Software Market Emerges as a Core Driver of the Cloud Based Workload Scheduling Software Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Cloud Based Workload Scheduling Software Market Through 2025?
In recent times, the market size of cloud-based workload scheduling software has experienced fast growth. The market is forecasted to expand from $1.83 billion in 2024 to $2.07 billion in 2025, with a compound annual growth rate (CAGR) of 13.2%. The growth during the historical period is largely due to the surge in cloud computing, demands for scalability, and complexities in managing workloads.
What's the Projected Size of the Global Cloud Based Workload Scheduling Software Market by 2029?
In the forthcoming years, the market for cloud-based workload scheduling software is projected to experience swift expansion. By 2029, it is estimated to reach $3.37 billion, following a compound annual growth rate (CAGR) of 12.9%. Factors contributing to its growth throughout the forecast period include integration of edge computing, AI and machine learning, adoption of hybrid and multi-cloud models, data sovereignty and compliance, and custom solutions tailored for different industries. Key trends predicted to shape this market over the forecast period include the utilization of containerization and Kubernetes orchestration, amalgamation with infrastructure as a service (IaaS), and self-operated workload management systems.
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Top Growth Drivers in the Cloud Based Workload Scheduling Software Industry: What's Accelerating the Market?
The surge in usage of cloud computing is catalyzing the expansion of cloud-based workload scheduling software. Cloud computing entails the provision of various services such as servers, storage, databases, networking, software, and other resources through the internet. The escalating usage of cloud computing can be attributed to its cost-effectiveness, scalability, accessibility, security, and eco-friendly advantages. Cloud computing employs cloud-based workload scheduling software to effectively distribute and regulate computing resources, thereby optimizing the dispersion and execution of workload across the cloud framework. For example, in December 2023, the European Union (EU), a governing entity based in Belgium, reported a 4.2% rise in the incorporation of cloud-based solutions in the EU, with 45.2% of companies procuring cloud computing services. This demonstrates a significant increase from 2021. As such, the escalating usage of cloud computing is fueling the expansion of the cloud-based workload scheduling software market.
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What Trends Will Shape the Cloud Based Workload Scheduling Software Market Through 2029 and Beyond?
Main players in the cloud-based workload scheduling software market are focusing on launching resource management and job scheduling platforms, which are innovative solutions aiming to streamline processes in cloud computing. These platforms bring efficiency to resource allocation and task implementation in such environments. One key example is the Dynamic Workload Scheduler, presented by US technology giant Google Cloud in December 2023. This cloud-based workload scheduling software is devised specifically for the AI hypercomputer, with the goal of optimizing AI/ML resources, such as tensor processing units (TPUs) and NVIDIA GPUs, in terms of utilization and cost-effectiveness. This is done through effective scheduling of workloads, like fine-tuning tasks and training. The Flex Start Mode feature permits users to ask for GPU and TPU capacity for tasks such as model fine-tuning and shorter training jobs as required, enabling automated provisioning of VMs and giving priority to shorter requests to optimize resource utilization and costs. The technology behind this scheduler is Google Borg, revered for its real-time scheduling capabilities within Google's ML Fleet, providing clients with superior flexibility and efficiency.
What Are the Main Segments in the Cloud Based Workload Scheduling Software Market?
The cloud based workload scheduling software market covered in this report is segmented -
1) By Type: Private Cloud, Public Cloud, Hybrid
2) By Pricing Model: Subscription-Based, Pay-As-You-Go
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Corporate Organizations, Government Institutions, Other Applications
Subsegments:
1) By Private Cloud: On-Premises Cloud Solutions, Dedicated Workload Scheduling Platforms, Customizable Private Cloud Scheduling Software, Private Cloud Integration with Existing Infrastructure, Secure Data Handling and Compliance Tools, Enterprise-Specific Scheduling Solutions
2) By Public Cloud: Multi-Tenant Cloud Scheduling Software, Scalable Public Cloud Scheduling Platforms, Pay-Per-Use Scheduling Solutions, Integration with Cloud Service Providers, Web-Based Workload Management Solutions, Public Cloud Resource Optimization Tools
3) By Hybrid: Combination of Private and Public Cloud Workload Scheduling, Cloud Bursting Scheduling Solutions, Flexible Workload Management across Cloud Environments, Multi-Cloud Scheduling and Orchestration Platforms, Hybrid Cloud Integration with On-Premises Systems, Cross-Cloud Workload Optimization and Monitoring Tools
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Which Top Companies are Driving Growth in the Cloud Based Workload Scheduling Software Market?
Major companies operating in the cloud based workload scheduling software market are Microsoft Corporation, Dell Technologies, Amazon Web Services, International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., VMware Inc., Chef Software Inc., Splunk Inc., BMC Software Inc., Datadog Inc., Zoho Corporation Pvt. Ltd., Citrix Systems Inc., New Relic Inc., HelpSystems LLC, HashiCorp Terraform, PagerDuty Inc., Turbonomic Inc., Puppet Inc., OpsRamp Inc., Stonebranch Inc., SaltStack Inc., Adaptive Computing Inc., Redwood Software
Which Regions Will Dominate the Cloud Based Workload Scheduling Software Market Through 2029?
North America was the largest region in the cloud based workload scheduling software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud based workload scheduling software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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