Published Date : Jun 20, 2016
ALBANY, NY, June 20, 2016: MarketResearchReports.biz has added a new report to its database on the ICT sector. The report, titled “Services Oriented Architecture (SOA): Market Shares, Strategies, And Forecasts, Worldwide, 2014 To 2020,” documents the recent history, current trends, and future forecasts of what is said to be one of the most critical markets of the near future.
According to the report, the future of the global services oriented architecture market will have developers delving heavily into the scope of this market in mobile and cloud computing technologies. The SOA applications in mobile and cloud systems are expected to change the way the industry works. So far there has been a relatively newfound interest in SOA for cloud computing, but soon it will be leveraged for specific cloud-based proposes, giving rise to a high end applicability of cloud services.
The report further states that the global services oriented architecture market is expected to reach US$16.4 bn by 2020, and was valued at US$5.7 bn in 2013.
SOA-enabled cloud computing is expected to provide user companies a fresh way for analytics implementation and data mining in a way that will suit their specific needs. The global services oriented architecture market will be based on a solid foundation of integration processes, which will allow companies to expand their shares in the market. Companies such as IBM are doing exactly so through SOA platforms that are extremely comprehensive and yet highly simple and intuitive from a user’s perspective. This is expected to be a major mode of SOA implementation.
Nearly 90% of the data in an organization falls under the segment of unstructured data, according to the report. A large portion of this unstructured data is generated internally by machines, or as a part of social media. Both factors are facilitating a high need for the development of the global services oriented architecture market. Additionally, consumer electronics such as smartphones are generating massive amounts of data per user on a daily basis. Using SOA could help structure this incoming data and therefore help significantly in data mining and analytics.
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According to the report, the leading player in the global services oriented architecture market is IBM. It was the first company to look towards the development of mobile application support, cloud computing, and big data from a singular perspective. The company can currently manage a large array of fields within the global services oriented architecture market, with the inclusion of aspects such as scalability and security.
Over the years, IMB has strived to create SOAs that were often regarded as too large or overly complicated. However, with the advent of real time computing and the Internet, it has reached the top of the global services oriented architecture market.
Other key players in the global services oriented architecture market, as stated in the report, are Software AG, SAP, Microsoft, Fujitsu, Tibco, and Oracle.
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