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Service Oriented Architecture (SOA) Market Sees Widespread Adoption Across Global Regions

Strategic Insights

— 1 min read

The adoption of Service Oriented Architecture (SOA) has witnessed significant growth globally, driven by the need for businesses to implement more efficient and flexible IT systems. According to the report "Service Oriented Architecture - Global Strategic Business Report" by Research and Markets, the market for SOA is expected to reach $23.6 billion by 2015, growing at a compound annual growth rate (CAGR) of 9.5% over the 2006-2015 period. The market is segmented into three types of software: Application & Collaborative Software, Development & Deployment Software, and Systems Infrastructure Software.

Key Takeaways:

  • The SOA market is expected to reach $23.6 billion by 2015, growing at a CAGR of 9.5% over the 2006-2015 period.
  • The market is segmented into three types of software: Application & Collaborative Software, Development & Deployment Software, and Systems Infrastructure Software.
  • The market is expected to be driven by the need for businesses to implement more efficient and flexible IT systems.
  • Key players in the market 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 profiles 69 companies, providing detailed analysis of their business operations, product offerings, and market presence.
  • The report provides a global strategic business report, covering market dynamics, product overview, review of select regional markets, product innovations/introductions, recent industry activity, focus on select players, and global market perspective.

Statistics:

  • The global SOA market is expected to reach $23.6 billion by 2015.
  • The market is expected to grow at a CAGR of 9.5% over the 2006-2015 period.
  • The market is segmented into three types of software: Application & Collaborative Software (43.2% market share), Development & Deployment Software (28.5% market share), and Systems Infrastructure Software (28.3% market share).
  • The market is expected to be driven by the need for businesses to implement more efficient and flexible IT systems, with the majority of companies (52%) citing this as the primary driver.
  • The report profiles 69 companies, providing detailed analysis of their business operations, product offerings, and market presence.

Sources:

  • Research and Markets, "Service Oriented Architecture - Global Strategic Business Report" (2015)
  • http://www.researchandmarkets.com/research/3b4161/service_oriented_a

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