AMQP Market Segmentation
By Organization Size (SME, Large Enterprise), By Application (BFSI, IT & Telecom, Travel & Transportation, Media & Entertainment, Retail, Healthcare, Government & Utilities, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Vendor Landscape, End-Use Landscape, and Competitive Landscape
AMQP Market Insights
The demand for AMQP Market is expected to grow at a high CAGR over the coming years. High demand for AMQP 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.
AMQP 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 AMQP are security, reliability, interoperability, and that it is an open standard protocol.
AMQP 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 AMQP Market. The need to optimize business processes in small & medium enterprises is also projected to increase need for AMQP.
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AMQP 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 AMQP 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.
AMQP 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 AMQP 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 AMQP across North America and Europe. MercadoLibre, Inc. is an e-commerce and online auction marketplace which has operations across Central & South America and Mexico.
AMQP 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 AMQP over the coming years. Some leading consumers in the AMQP Market include HCL Technologies, Solace Corporation, and Bank of America.
AMQP Market: Competitive Landscape
Some of the companies involved in developing AMQP 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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