High Performance Message Infrastructure Market Size, Share & Trends Analysis Report By Component (Software, Services), By Industry Vertical (Government, Retail, Energy & Utilities), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global high-performance message infrastructure market size was valued at USD 953.2 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.2% from 2022 to 2030. The market is expected to witness significant growth during the forecast period in line with the continued implementation of advanced IoT solutions. The growing demand for connected devices to manage, track, maintain, and monitor equipment effectively and retrieve real-time and meaningful insights to make informed decisions has remained a key factor driving the adoption of message infrastructure solutions worldwide. Moreover, the growing focus of companies on improving client-server interactions associated with IoT-based systems has encouraged companies to opt for advanced and custom high-performance message infrastructure solutions.

The growing need for organizations to deploy several innovative and advanced solutions to maintain a competitive edge in the global market encourages the adoption of high-performance message infrastructure solutions. Moreover, the growing awareness among enterprises regarding the enhancement of fault resilience and data protection across the network has created significant traction in the global market, thereby providing numerous opportunities to market players. They are increasing concerns about data security and the growing penetration of internet services and smartphones, which empower and make customers aware of using highly effective software solutions and influence the demand for cloud-based high-performance message infrastructure solutions. Moreover, the rich feature set of SaaS solutions that enable organizations to manage complex activities further triggers market growth.

During the pandemic, most businesses switched to the work-from-home model, and companies reduced their investment in new technologies and services to improve profitability. The pandemic also forced many small businesses to shut down due to a lack of funds to stay in business. Demand for high-performance message infrastructure decreased during COVID-19 lockdowns but has eventually increased due to the commercial sector's reliance on cloud-based solutions 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 market. 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.

The increasing cyber threats and rising data privacy concerns will likely hamper the growth of the market. IT managers require reliable messaging infrastructure to automate business processes for various applications and improve fault resilience while protecting essential information across systems. Moreover, the rising interconnection between numerous devices through IoT increases the potential for malware attacks and exploits. The lack of reasonable security measures allows intruders to access and misuse critical business information collected and transmitted to or from a device.

Component Insights

The software segment dominated the market and accounted for revenue share of over 75.0% in 2021. High-performance message infrastructure software solutions enable process-related communication across the network in an IT environment. Growing pressure on enterprises to deliver digital innovation faster in response to rising customer expectations is one of the critical factors driving the segment growth. Moreover, enterprises that have deployed high-performance message infrastructure software solutions have witnessed accelerated delivery speeds and automation of business processes, which has further triggered the development of this segment.

Meanwhile, the services segment is also anticipated to record a significant market share during the forecast period. The services segment includes professional and managed services that provide consulting, integration, and post-deployment assistance. The services segment primarily includes professional and managed services. Rising investment in automation initiatives and the deployment of numerous smart connectivity solutions have allowed high-performance message infrastructure companies to provide integration, support, maintenance, and designing services to their customers.

Industry Vertical Insights

The BFSI segment dominated the market and accounted for the largest revenue share of over 30.0% in 2021. The dominance of this segment can be accredited to the rapid adoption of cloud services in the banking and finance sector. Continuous real-time data processing and integration are crucial to a range of use cases in the BFSI industry. The growing focus of enterprises on deploying event streaming applications for managing mission-critical transactional workloads, such as regulatory reporting and payment processing, is attributed as one of the key factors driving the demand for optimized message infrastructure solutions. Managing complex workloads with vast volumes of critical data requires a robust network infrastructure that securely and timely processes, intercepts, and transmits data.

The transportation and logistics segment is also projected to capture a significant revenue share in the market during the forecast period. The growing need for fleet managers to maximize on-road capacity and ensure that the fleet network is functioning at optimum capacity is a key driver contributing to the adoption of the latest technologies in the industry. Moreover, growing advancements in technology and the rising urge to deploy innovative maintenance management solutions to save time, and money, and reduce asset breakdowns and failures are driving the adoption of high-performance message infrastructure solutions.

Regional Insights

North America dominated the market and accounted for the largest revenue share of over 35.0% in 2021. The region is well-known for its advanced technology adoption and the highest automation equipment production. Additionally, the vast 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. Several organizations in the U.S. are increasingly adopting cloud and other IT services to drive innovation and digital transformation. Moreover, these companies are also focusing on deploying the Everything-as-a-Service (XaaS) model to improve their cloud infrastructure, data analytics capabilities, cybersecurity, and business model evaluation. Thus, the demand for robust and high-performance message infrastructure, which simplifies and streamlines communication among advanced devices for gaining optimized results, is expected to increase.

In Asia Pacific, the market is anticipated to witness the highest CAGR during the forecast period. The region is a hub of small and medium enterprises that focus on gaining a competitive advantage through better customer service, which can be attained by enhancing all industrial operations. As a result, the demand for appropriate tools, technologies, and IT infrastructure, which support local industries in achieving their goals, was observed. Due to the benefits provided by advanced message infrastructure solutions, the Asia Pacific market is anticipated to witness significant demand for these solutions during the forecast period.

Key Companies & Market Share Insights

The competitive landscape of the market is fragmented, featuring several global and regional players. Key participants adopt 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. For instance, in June 2021, Amazon Web Services (AWS), Inc. announced the acquisition of Wickr, a New York, U.S.-based software company. Amazon Web Services (AWS), Inc. has entered the encrypted messaging sector with this acquisition. In December 2021, International Business Machines Corporation collaborated with MuleSoft LLC. The collaboration aimed to develop further integrations and solutions centered on the IBM Z product portfolio to considerably increase the company's overall investment in integration software and industry experience, including adding to the organization's number of MuleSoft-certified professionals.

Some of the prominent players in the high-performance message infrastructure market include:

• Amazon Web Services, Inc.

• Confinity Solutions GmbH

• International Business Machines 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 2017 to 2030. 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, 2017 - 2030)

  • Software

  • Services

• Industry Vertical Outlook (Revenue, USD Million, 2017 - 2030)

  • BFSI

  • IT & Telecom

  • Government

  • Retail

  • Energy & Utilities

  • Transportation & Logistics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa