Press release
Advanced Message Queuing Protocol (AMQP) Market Size & Analysis – Forecasts To 2025
GLOBAL MARKET ESTIMATES
Advanced Message Queuing Protocol Market Insights
The demand for Advanced Message Queuing Protocol Market is expected to grow at a high CAGR over the coming years. High demand for advanced message queuing protocol is expected in the banking, telecom, retail, travel & transportation, government & defense, and information technology sector. Growing standardization with financial institutes related to transaction flows and regulating & clearing payments instantly are anticipated to augment market growth over the coming years.
Advanced Message Queuing Protocol helps optimize and secure communication to customers such as ensuring minimum delays in disseminating information clients, smooth flow of backend communication between employees & vendors, and real-time inventory updates across global offices. Key features of Advanced Message Queuing Protocol are security, reliability, interoperability, and that it is an open standard protocol.
Advanced Message Queuing Protocol Market: Organization Size Insights
The demand for advanced messaging queuing protocol is expected to gain traction in large enterprises. Large enterprises have to ensure smooth interaction between sales offices, manufacturing facilities, company departments, and clients. High investments capacity of large enterprises is anticipated to boost demand for Advanced Message Queuing Protocol Market. The need to optimize business processes in small & medium enterprises is also projected to increase need for Advanced Message Queuing Protocol.
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Advanced Message Queuing Protocol Market: Application Insights
Major applications of advanced messaging queuing protocol are within the BFSI, it & telecom, travel & transportation, media & entertainment, retail, healthcare, government & utilities, and defense industry. Banks, stock exchanges, and other financial service institutions are expected to drive demand for Advanced Message Queuing Protocol Market in order to reduce costs associated with automated IT infrastructures.
The software helps reduce communication gaps between proprietary middleware products written for different platforms. It helps optimize and secure business information & processes between companies and virtual cloud computing.
Advanced Message Queuing Protocol Market: Regional Insights
The demand for advanced messaging queuing protocol is adopted by more than 500 leading companies such as NASA, Google, IBM, Deutsche Börse, and JPMorgan. Technological advancements and rapid globalization is expected to fuel market growth in the Asia Pacific region. The growing banking, telecommunication and IT industry in the Asia Pacific region is projected to boost demand for Advanced Message Queuing Protocol Market in the coming years.
The need for business information to be safely transported between applications is expected to boost demand across the globe. The need to optimize business process is anticipated to boost demand for Advanced Message Queuing Protocol across North America and Europe. MercadoLibre, Inc. is an e-commerce and online auction marketplace which has operations across Central & South America and Mexico.
Advanced Message Queuing Protocol Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Advanced Message Queuing Protocol over the coming years. Some leading consumers in the Advanced Message Queuing Protocol Market include HCL Technologies, Solace Corporation, and Bank of America.
Advanced Message Queuing Protocol Market: Competitive Landscape
Some of the companies involved in developing Advanced Message Queuing Protocol are Microsoft, Red Hat, Software AG, iMatix Corporation, Cisco Systems, IONA Technologies, and VMware among others. The idea was developed by John O'Hara of JPMorgan Chase to route messages to applications connected to the AMQP server.
In November 2017, Solace Corporation added support for AMQP 1.0 to its Virtual Message Router product for passing messages between applications and organizations. In June 2016, Forum Systems Inc. developed Forum Sentry the world’s first secure proxy technology to support AMQP 1.0 standard. On January 2017, Spring Integration released Spring AMQP 1.7.0.
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