PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363870
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363870
A middleware messaging system is a software architecture that allows different applications or components in a distributed system to communicate and share data. It acts as a link between different software components, allowing them to send and receive messages in a decentralized manner. The Middleware Messaging System market is expanding because of factors such as increasing industrial automation and a growing number of cloud-based applications. A middleware messaging system's primary objective is to enable asynchronous communication and separate the sender and receiver of messages. It provides a dependable and scalable means for data transmission across many platforms, programming languages, and operating systems. Its importance has progressively increased during the forecast period 2023-2030.
Industrial automation systems often consist of diverse devices and equipment from different manufacturers, each with its own communication protocols and interfaces. A Middleware Messaging System provides a standardized and neutral communication platform that allows these disparate systems to communicate seamlessly. According to Statista, In 2020, the worldwide industrial automation industry accounts for approximately USD 175 billion. Until 2025, the market is projected to grow at a compound annual growth rate of approximately 9%. The global industrial automation market is expected to be worth approximately USD 265 billion in 2025. Furthermore, the automation sector accounts for approximately USD 214 billion in 2021. and the process automation market has exceeded 83 billion US dollars. The worldwide automation market is forecast to expand significantly, particularly in 3D printing, artificial intelligence, and drones. Another important factor that drives the market is the increase in the number of cloud-based applications. As per Statista, the global cloud applications market was valued at USD 133.6 billion in 2021 and is projected to grow at a compound annual growth rate of 4.8% up to USD 168.6 billion by 2025. In addition, 75% of business respondents, Microsoft Azure has been used for public cloud computing. The top cloud platform providers globally include AWS, Azure, and Google Cloud, also known as hyperscale providers. Also, technological advancements in middleware messaging systems and rising information and communication technologies spending would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Middleware Messaging Systems and data security and breach stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Middleware Messaging System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players in the region. According to Statista, in 2021, the consumer internet traffic in North America in this segment accounts for approx. 3792 petabytes per month. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising adoption of cloud-based solutions by enterprises in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable