Service Oriented Architecture (SOA): A Global Market Report
San Jose, California (PRWEB) April 15, 2010
The global SOA market constitutes software products and services that utilize service-oriented practices. By employing superior practices, SOA enables extended functionality for legacy systems while inventing new technologies aligned with service offerings to meet customer requirements. SOA provides a fundamental solution to major challenges facing the global IT industry, such as alignment of technology and applications with essential service requirements in a business. SOA is designed to allow businesses to rapidly adapt to changing market conditions, and provide quick response to the emerging challenges.
Growth in the SOA-driven software market is driven by business requirements related to efficient IT systems, lower operational costs, and integration of businesses and processes, as stated by the new market research report on Service Oriented Architecture (SOA) market. Growth in the SOA market is also attributed to the increasing customer demand for industry-specific services and components that are capable of rapidly resolving major business issues. SOA solutions increase the functionality of existing application programs, while fulfilling the essential needs of current business scenario. Software vendors focus on developing new processes and technologies through adoption of advanced data delivery and application mechanisms based on SaaS and Web 2.0 technologies. At present, a large number of software vendors are also engaged in the provision of SOA deployment services.
Competition in global SOA industry is intensifying owing to the advent of new start-ups and the entry of leading players in systems and storage management. Open source software vendors are witnessing rapid growth due to lower licensing costs and rapid adaptability to latest technological innovations. Major players profiled in the report include Accenture Ltd., AmberPoint Inc., Fiorano Software Inc., Hewlett-Packard Company, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SOA Software Inc., Software AG, TIBCO Software Inc., and Vitria Technology Inc.
The report titled "Service Oriented Architecture (SOA): A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of revenues.
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About Global Industry Analysts, Inc.
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