On-Demand Enterprise: SOA Market Forecasted at $15.4B by 2013

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June 04, 2007

SOA Market Forecasted at $15.4B by 2013

DUBLIN, Ireland, May 31 -- Research and Markets has announced the addition of “Services Oriented Architecture (SOA) Collaboration Market Opportunities, Strategies, and Forecasts, 2007 to 2013” to its offering.

SOA collaborations are the result, the outcome of creating reusable components of code. The ability to reuse code means it is accessible from a repository creates the ability to form collaborative business process modules. The SOA reusable components can be recombined in many useful ways over many years. SOA collaborations represent a new market, poised for significant growth.

SOA collaborations are used to implement process. The collaborations are industry specific. They are built from SOA components that do a particular task to implement process. The SOA component repositories are the correlate to databases used for information. SOA component repositories permit the reuse of code. The code is used to build process.

Process is sequence. Information is stored in databases, but it is used as process, process imposes sequence and flow. A sequence of events tied together with calculations and movement of information from one location to another, form an application. The ability to form a SOA collaboration from component repositories and move information from one siloed application to another is implemented as process flow. Process and sequence depend on integration and SOA systems in an engine, evolved to achieve the reuse of existing software code components.

The market forces pushing the inevitability of widespread increases in the quantities of data being processed relate to the explosion of information being processed in every industry, electron patient records, electronic banking, electronic stock trading and the electronic retail chains evolving.

Flexible systems implemented as SOA need to be easy to implement. SOA implementation of process from desktop icons using business models that describe flow, calculations, and sequence represents a new wave of computing and automated process.

Worldwide SOA market forecasts are $1.6 billion in 2006 are anticipated to reach $15.4 billion by 2013.

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Source: Research and Markets

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