Report Ocean has released a research study titled “High Performance Message Infrastructure Market 2023 Forecast to 2031 Analysis by Market Trends.” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.
High performance message infrastructure market to reach USD 2.14 billion by 2027. Global high performance message infrastructure market is valued approximately at USD 0.84 billion in 2020 and is anticipated to grow with a healthy growth rate of about 14.3% over the forecast period 2021-2027. High performance message infrastructure provides a safe and single mutual messaging support for simple integration of services and applications on different platforms, ensuring uninterrupted functioning of systems and avoiding loss of information despite fluctuating connectivity.
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The global high performance message infrastructure market is being driven by increase in adoption of cloud solutions and services and emergence of IoT software. Furthermore, increase in demand for digital engagement from developing countries will provide new opportunities for the global high performance message infrastructure industry. There has been a growth in IoT platforms across the globe. For instance, according to Statista, the total publicly known Internet of Things platforms across the globe increased from 260 in 2015 to 620 in 2019. Also, the market for Internet of Things end-user solutions across the globe is expected to increase from USD 212 billion in 2019 to approximately USD 1.6 trillion by 2025. Such growth in the Internet of Things market is expected to increase the demand and adoption of high performance message infrastructure for handling of data.
Major market player included in this report are:
Amazon Web Services, Inc.
Confinity Solutions GmbH
IBM Corporation
MuleSoft LLC, a Salesforce company
Oracle
Red Hat, Inc.
SAP SE
Solace
TIBCO Software Inc.
TWILIO INC.
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MARKET OVERVIEW
I can provide you with some general key takeaways based on industry trends around that time. Keep in mind that the market dynamics may have evolved since then.
- Increased Demand for Low-Latency Messaging:
- The demand for high-performance message infrastructure was driven by industries requiring low-latency communication for real-time applications. This included finance, telecommunications, healthcare, and IoT (Internet of Things) sectors.
- Growing Importance of Messaging Middleware:
- Messaging middleware solutions were essential in facilitating communication between various applications and systems. They played a critical role in ensuring seamless and efficient data transfer in distributed and complex environments.
- Rise of Event-Driven Architectures:
- Event-driven architectures gained popularity, leading to increased adoption of messaging systems capable of handling a large volume of events and messages in real time. This was especially relevant in the context of microservices and cloud-native applications.
- Scalability and Performance Optimization:
- Scalability was a key consideration for businesses dealing with large-scale data and high transaction volumes. High-performance message infrastructure aimed to provide scalable solutions that could handle increased workloads without sacrificing performance.
- Integration with Big Data Technologies:
- Integration with big data technologies and analytics platforms was crucial for organizations looking to extract valuable insights from real-time data streams. High-performance messaging systems often integrated with big data tools to support analytics and decision-making processes.
- Security and Compliance:
- Security remained a top concern, especially in industries dealing with sensitive information. High-performance message infrastructure solutions focused on providing robust security features to protect data integrity and confidentiality. Compliance with industry regulations was also a priority.
- Adoption of Open Source Messaging Solutions:
- Some organizations turned to open-source messaging solutions to meet their high-performance requirements. Open-source projects offered flexibility, cost-effectiveness, and a community-driven approach to innovation.
- Cross-Platform and Cross-Language Compatibility:
- The market saw a demand for messaging systems that could seamlessly operate across different platforms and support multiple programming languages. This flexibility was important for organizations with diverse technology stacks.
- Containerization and Orchestration Support:
- With the increasing adoption of containerization and orchestration technologies (e.g., Kubernetes), high-performance message infrastructure solutions aimed to provide compatibility and optimization for containerized environments.
The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Services
By Industry Vertical:
BFSI
IT & Telecom
Government
Retail
Energy & Utilities
Transportation & Logistics
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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