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According to a new report Global Workload Scheduling & Automation Market, published by KBV research, The Global Workload Scheduling & Automation Market size is expected to reach $3.6 billion by 2026, rising at a market growth of 10.1% CAGR during the forecast period.
The large enterprise segment has the largest market share in 2019. Large enterprises took a lead in opting for workload scheduling and automation solutions. In the forecast period, the small and medium enterprise segment is anticipated to rise as the fastest-growing segment. Many other factors like the rising number of startups, growing IT services industry, and small and medium enterprises are preferring for WLA solutions within emerging economies are expected to drive the growth of the market.
The cloud segment is expected to show the highest CAGR in the coming years due to various benefits, like improved scalability and reliability, improved customer service, and better security accompanied by cloud deployment.
Due to the increase in the adoption of WLA solutions by retailers for their in-house operations, such as logistics and inventory management, the largest market share in 2019 is held by the retail segment. Due to the continued development of new business models, capabilities to harness the Internet of Things, and network platforms, the telecom, and IT segment is anticipated to register the highest CAGR in the coming years. The potential capabilities of emerging 5G wireless technologies along with the rapid increase in customer needs will probably boost the growth of this segment over the predicted time period.
North America owing to the early adoption of workload scheduling and automation solutions have accounted for a major share of around 40% in 2019 in the enterprises. Many vendors, such as Oracle Corporation, Cisco Systems, and IBM Corporation, etc. reside in North America are responsible for offering innovations in IT workload automation solutions. The Asia Pacific is likely to emerge as the fastest-growing regional market as they are owing to digital initiatives and pursued additionally the automation capabilities are also developed by enterprises in this region. This type of initiative being followed by multinational companies, like IBM, for setting up cloud computing centers in countries such as South Korea, China, India, and Vietnam, also have a promising impact on the growth of the regional market.
Structural Insights: https://www.kbvresearch.com/workload-scheduling-automation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, BMC Software, Inc., Broadcom, Inc., HCL Technologies Ltd. (HCL Enterprises), Hitachi, Ltd., Oracle Corporation, Dell Technologies, Inc. (VMware, Inc.), Stonebranch, Inc., Advanced Systems Concepts, Inc., and ASG Technologies Group, Inc.
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