High Performance Message Infrastructure Market Size, Share & Trends Analysis Report By Component (Software And Services), By Industry Vertical, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global high performance message infrastructure market size was valued at USD 842.95 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2028. The growing adoption of cloud solutions and services is fueling the demand for high-performance message infrastructure. The emergence of IoT platforms and the need for single messaging support that can assist applications in publishing messages to a large number of subscribers are also driving the demand for high-performance message infrastructure software and services. The COVID-19 pandemic has propelled organizations to shift from an on-premise business model to a cloud one, thus resulting in the rapid growth of the high-performance message infrastructure industry. Moreover, the rapid adoption of the work-from-home approach, in the wake of the pandemic, has created numerous opportunities for businesses to transform their operations and enhance their digital capabilities by integrating business-critical infrastructure.

Enterprises nowadays are becoming digitally aware and adopting various technologies and systems to enhance their business operations and achieve efficiency across processes. However, IT managers need messaging infrastructure to automate business process systems for various applications and improve fault resilience, while also protecting essential information across systems. Some of the key capabilities of high-performance message infrastructure include transaction support, security, queue models, Quality of Service (QoS), message transformation, message propagation, and rules-based message routing. Furthermore, the increase in demand for digital engagement from developing countries is anticipated to boost the market growth in the forthcoming years.

However, the increasing cyber threats and rising data privacy concerns are likely to hamper market growth. For instance, according to Cloud Computing Statistics by Cloudwards, in 2020, approximately 75% of organizations indicated cloud security as one of their major concerns. Factors such as services or traffic hijacking, improper configuration of cloud infrastructure, insecure API, and external data sharing largely contributed to the growing cloud security concern.

Industry Vertical Insights

The BFSI segment accounted for the largest revenue share of over 30% in 2020 and is projected to maintain its position throughout the forecast period. The dominance of this segment can be accredited to the rapid adoption of cloud services in the banking and finance sector. Moreover, the COVID-19 pandemic has significantly impacted the BFSI sector owing to various governments' decisions on easing credit card interest payments and EMIs. This additional burden, coupled with stringent operational budgets, has propelled banks to reduce their margins in an attempt to survive the competition. Hence, these factors are contributing to the growing demand across the BFSI industry.

The transportation and logistics segment is projected to capture the highest CAGR of around 20.7% over the forecast period. The growth of this segment is attributed to the increasing need to distribute and collect information in real-time across various systems. For instance, the U.S. Federal Aviation Administration uses Solace’s event streaming and management software to proficiently gather and allocate data across their NextGen Weather Systems in real-time.

Component Insights

In terms of the components, the high-performance message infrastructure market has been divided into software and services. The software segment dominated the market in 2020 with a revenue share of over 70% and is projected to sustain its position throughout the forecast period. This can be attributed to the increasing demand from organizations to systematize information integration and data sharing between various applications and systems.

Meanwhile, the services segment is anticipated to record the highest CAGR of 15.8% over the forecast period. The services segment includes professional and managed services that provide consulting, integration, and post-deployment assistance.

Regional Insights

North America accounted for the largest revenue share of more than 35% in 2020 and is expected to retain its dominance over the forecast period. The region is well-known for its advanced technology adoption and the highest production of automation equipment. Additionally, the wide presence of market players such as Amazon Web Services, Inc.; International Business Machines Corporation; MuleSoft LLC, a Salesforce company; Oracle; and Red Hat, Inc. is also driving the growth of the North American market.

Asia Pacific is anticipated to expand at the highest CAGR of over 15.8% over the forecast period. This can be attributed to the increasing number of startups in the region, which prefer micro services owing to their stringent budget constraints. The growing cloud infrastructure spending by large as well as small & medium enterprises is also driving the market growth in this region.

Key Companies & Market Share Insights

The competitive landscape of the market is fragmented, featuring several global and regional players. Key participants are adopting strategies such as collaborations, partnerships, and mergers and acquisitions to expand their reach and survive in the highly competitive environment. Moreover, service providers are making considerable investments in research and development activities to incorporate new technologies into their offerings and develop advanced products to gain a competitive advantage in the market.

For instance, in August 2021, MuleSoft LLC, a Salesforce company announced that it has entered into an agreement to acquire a Germany-based Robotic Process Automation (RPA) service provider, Service trace. With this acquisition, the company expects to scale and enhance its integration and API Software to offer better customer case resolution and streamline its sales operations. Some of the prominent players operating in the global high performance message infrastructure market 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.

High Performance Message Infrastructure Market Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global high-performance message infrastructure market report based on component, industry vertical, and region:

• Component Outlook (Revenue, USD Million, 2016 - 2028)

  • Software

  • Services

• Industry Vertical Outlook (Revenue, USD Million, 2016 - 2028)

  • BFSI

  • IT & Telecom

  • Government

  • Retail

  • Energy & Utilities

  • Transportation & Logistics

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa