Press release
Global Message Queue As A Service Market Forecasted to Expand at 17.2% CAGR Through 2029
Message Queue As A Service
The message queue as a service market has been expanding rapidly, with its value projected to rise from $1.41 billion in 2024 to $1.66 billion in 2025, representing a CAGR of 17.6%. Growth observed during the historical period was influenced by several core factors, including broader adoption of cloud-based infrastructures, increased digital transformation initiatives among enterprises, rising demand for real-time data processing, the growing spread of microservices-driven architectures, and a deeper reliance on distributed, interconnected systems.
Projected Expansion of the Message Queue As A Service Market by 2029
Looking ahead, the message queue as a service market is set for significant enlargement, with expectations that it will reach $3.14 billion by 2029, supported by a CAGR of 17.2%. This robust forecast is linked to expanding needs for flexible messaging frameworks, increased adoption of IoT ecosystems and device networks, rising demand for systems with high availability and fault tolerance, wider use of hybrid on-premise and cloud deployments, and strengthened interest in event-driven architectural models. Notable advancements anticipated during this timeframe include enhancements in serverless messaging environments, development of AI-enabled monitoring and diagnostic tools, new low-latency messaging protocols, increased investment in methods to secure message transmission, and ongoing refinement of fully managed event streaming platforms.
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Key Drivers Influencing the Message Queue As A Service Market's Growth Trajectory
Growing investment in digital transformation initiatives is a primary force driving the message queue as a service market. Digital transformation efforts revolve around deploying advanced technologies to improve operational processes, enrich customer experiences, and stimulate business-wide innovation-motivated by the demand for faster, tailored, and interruption-free digital interactions. Message Queue As A Service plays a pivotal role in this shift by enabling efficient, asynchronous communication between applications, providing assured message delivery, and simplifying data exchange in real time, ultimately contributing to increased scalability and operational agility.
Additional Drivers Supporting Market Expansion
Rising cyber threats are also set to accelerate market growth, as organizations increasingly recognize the need for secure communication infrastructure. The growing number of cyberattacks-driven by heightened reliance on digital platforms-creates more potential vulnerabilities, encouraging organizations to adopt managed messaging systems fortified with encryption, authentication controls, and continuous monitoring. As reported by Check Point Software Technologies Ltd. in July 2024, corporate networks experienced a 30% year-over-year increase in weekly cyberattacks during Q2 2024 compared to Q2 2023, along with a 25% quarterly rise, clearly highlighting the growing urgency for secure messaging foundations that support uninterrupted, protected data transmission.
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Long-Term Industry Trends Impacting the Message Queue As A Service Market Trajectory
Companies operating in the message queue as a service landscape are advancing next-generation capabilities such as intelligent message queuing tailored for hyperautomation strategies. These solutions strengthen system reliability, simplify integration between applications, and support seamless data flow across business environments. A notable example is Jitterbit's introduction of its Message Queue Service in March 2023-a shared messaging platform designed to enable secure, dependable data exchange between distributed applications. This service ensures message delivery even during system downtime, supporting ongoing automation and unified workflows that enhance resiliency, adaptability, and throughput in modern digital ecosystems.
Major Segment Categories Within the Message Queue As A Service Market
The message queue as a service market covered in this report is segmented -
1) By Component:
Software, Services
2) By Deployment Mode:
Public Cloud, Private Cloud, Hybrid Cloud
3) By Enterprise Size:
Small And Medium Enterprises, Large Enterprises
4) By Application:
Banking, Financial Services, And Insurance, Information Technology And Telecommunications, Healthcare, Retail And E-commerce, Manufacturing, Media And Entertainment, Other Applications
Subsegments:
1) By Software:
Message Queue Platforms, Cloud Integration Tools, Middleware Solutions, Monitoring And Management Tools, Application Programming Interfaces
2) By Services:
Consulting Services, System Integration Services, Support And Maintenance Services, Managed Services, Training And Education Services
Key Global Players Influencing the Message Queue As A Service Market
Major companies operating in the message queue as a service market are Google LLC; Microsoft Corporation; Alibaba Group Holding Limited; Amazon Web Services; International Business Machines Corporation; Oracle Corporation; Broadcom Inc.; SAP SE; Software AG; Confluent Inc.; TIBCO Software Inc.; Solace Corporation; PubNub Inc.; EMQ Technologies Co. Ltd.; Apache Software Foundation; CloudAMQP; Iron.io Inc.; Ably Realtime Ltd.; MessageBird N.V.; Huawei Technologies Co. Ltd.; Tencent Holdings Limited.
Top-Performing Regional Markets in the Message Queue As A Service Industry
North America was the largest region in the message queue as a service market in 2024, while Asia-Pacific is projected to show the fastest expansion across the forecast period. The regional coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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