Latest News- Message Queuing Services Market: Point-to-point messaging is expected to lead the Type segment during 2025-2029

The Message Queuing Services Market is being driven by Web security update initiatives

The Message Queuing Services Market is expected to grow at a CAGR of 18.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8080.1 million. The global message queuing services market is witnessing substantial growth due to the rising adoption of cloud-based solutions by businesses. With the shift towards cloud environments, there is an escalating demand for reliable and scalable messaging services. This trend is particularly prominent in the deployment of hybrid and multi-cloud architectures, where seamless communication and data integration are indispensable. Notably, IBM recently unveiled version 9.3.4 of its message queuing services in October 2023. This latest release offers enhanced resiliency, connectivity, and user-friendliness, making it an attractive option for enterprises utilizing various platforms. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Point-to-point messaging
  • Publish and subscribe messaging
  • Others
• End-user
  • Enterprises
  • SMEs
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Web security update initiatives
• Expansion of IoT services
• Adoption of digitalization

However, the market also witnesses some limitations, which are as follows:

• Integration with legacy system
• Cyber security threats
• Operational failures

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Market Scope in Message Queuing Services Market Research Report

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Research Analysis Overview

Message Queuing Services Market: 50-Word Overview The Message Queuing Services Market is experiencing significant growth due to the increasing demand for service quality improvement, data-driven decision making, and customer service excellence. Predictive analytics, customer experience management, and queue optimization are key areas of focus, enabling real-time data visualization, customer flow optimization, and customer journey mapping. Customer satisfaction surveys, traffic management, healthcare queue management, and visitor security are essential applications. Digital transformation, smart queue management, and automated customer service are driving the adoption of queue management software, digital signage, and hospitality technology. Reliability, cost optimization, and real-time messaging are crucial market drivers. Integration Platform, Microservices Architecture, Cloud Messaging, and Real-Time Messaging are essential technologies. Industry 4.0, business process automation, and quantitative data analysis are significant trends. Message Broker, Event-Driven Architecture, and Software Development are key players. Queueing Service, Cost Optimization, Data Streaming, and Market Drivers are the major segments.

Market Research Overview

The Message Queuing Services (MQS) market is a segment of the larger IT software industry, focusing on software solutions that facilitate asynchronous communication between applications. This market caters to businesses seeking to enhance their operational efficiency and customer responsiveness through continuous improvement. Technavio's market analysis covers companies providing MQS solutions, including those leveraging advanced technologies like funding, Quality Management Systems (QMS), blockchain, and cloud services. These solutions contribute significantly to the overall IT software market, which encompasses application, system, and database management software providers. By focusing on specialized applications, MQS vendors cater to the business and consumer markets, driving innovation and improving patient experience and customer responses.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/