Monday, 15 February 2016

Services Oriented Architecture (SOA) Market Size, Share, Analysis And Forecasts To 2020

The services oriented architecture (SOA) market is expected to reach over USD 16 billion by 2020. It had a market value of USD 5.7 billion in 2013. It is expected to register high growth rates on account of reliance on cloud computing and functionality of smartphone applications. Unstructured data generated by machines or created due to social media drive the services oriented architecture (SOA) market.

Services oriented architecture is a software design pattern in which application components provide services to other application components over a network via a communication protocol. They allow applications to be reused and make it easy to upgrade saving time and money for businesses. Cloud and mobile computing allow developers to mine social media data and implement analytics accordingly. It uses SOAP (Simple Object Access Protocol) to ensure communication between 2 applications. 

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IBM dominates the services oriented architecture (SOA) market due to already investing in integration and analytics technology. This achieves support for compatible systems and lets it achieve end point integration to manage modern IT systems. IBM has managed to make its SOA systems scalable and secure by banking on real time computing and the Internet. 

IBM was the first to seamlessly integrate mobile development, cloud computing, and big data. It provides API (application program interface) for all smartphone platforms. Business friendly data integration coupled with computing layers and embedded storage will encourage the trend of decentralization. It also enhances the organization’s ability to perform diagnostic analytics.

SOA is the base for modern transactional systems and helps integrate play and plug modules and add-ons to reduce the functionality cost of an application. It will support the rise of e-commerce websites and the practice of end-to-end business integration. 

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The services oriented architecture (SOA) market in North America will see a rise due to mergers and acquisitions in the region. It relies on SOA to figure the customer-management relationship from tweets and provide business solutions accordingly. But realizing the true value of SOA could challenge the growth of the market.

Prominent players of the services oriented architecture (SOA) market are IBM, Red Hat, Hewlett-Packard, Informatica, Perficient, and Oracle.

Website: Radiant Insights

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