Significant insights are offered by a new research report from Future Market Insights on the high performance message infrastructure market, which includes an analysis of the global industry from 2014 to 2021 and a prediction for the years 2022 to 2029. The whole market is anticipated to grow at a strong CAGR of 14.4% between 2022 and 2029, exceeding a valuation of US$ 3.37 Bn by that year, according to the market research analysis.
The growth of the cloud computing sector, rising IT infrastructure investment, and rising demand for Big Data, software development, and information technology operations are a few other factors that are expected to propel the global high performance message infrastructure market forward during the forecast period (DevOps).
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Interconnectivity between applications, sites, partners, providers, employees, consumers, and all devices is one of the main trends in the worldwide high-performance message infrastructure market.
Globally, both emerging and established nations are increasingly adopting event-driven architecture and integration platform-as-a-service (iPaaS). Over the anticipated period, leading players in the market for high performance messaging infrastructure are anticipated to find a variety of chances.
According to Future Market Insights’ report, the Big Data use case is anticipated to generate an incremental opportunity of ~US$ 520 Mn for the high performance message infrastructure market during the forecast period of 2019-2029.
Moreover, the event-driven architecture segment is likely to experience high growth rates during the forecast period, owing to growing demand for packaged applications and IT services.
Furthermore, the world is witnessing a significant rise in search-based analysis, predictive model markup language, and text & entity analysis, which, subsequently, is initiating potential growth opportunities for the high performance message infrastructure market.
Key Players Focus on Expanding their Business in APAC
Leading players in the high performance message infrastructure market are focusing on extending their businesses across Asian Pacific countries such as India and China. Increasing investment in digitalization infrastructure by the governments attracts various high performance message infrastructure providers to extend their business in these countries.
Moreover, the healthy economic growth of countries in the region, together with the continuous adoption of advanced technology, including the Internet of Things (IoT), Platform-as-a-Service (PaaS), are creating substantial growth opportunities for the high performance message infrastructure market.
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For instance, in August 2019, The Apache Software foundation organized Hadoop community meet up at Beijing, China, with 200 spots available for registration to attend this meet up in person. Participants introduces recent trends in the storage field, such as better scalability and moving towards cloud in the Asia Pacific region.
For instance, in June 2019, TWILIO INC. announced its expansion in the Japanese market. The company also announced new partnerships with seven regional consulting partners.
Cloud-integrated Solutions Playing an Essential Role in Market Growth
There are increasing scope of applications related to software-as-a-service (SaaS) or cloud-based data storage. Such factors have promoted the high performance message infrastructure market players to adopt expansion and product differentiation strategies to gain a distinct competitive edge as well as enhance their market presence, catering to each specific end-use industry.
For this, high performance message infrastructure providers are frequently increasing their investments on product developments and research & development activities to enhance their product offering awareness to the end-user industries.
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