SOA market worth $16.4 billion in 2020, says study

ALBANY, USA: SOA supports providing a platform for use by IT in a market marked by big data that sits on widely dispersed resources that are heterogeneous. IT resources are heterogeneous because each business seeks to utilize technology that is best of breed for solving the particular set of competitive situations they address. This creates a variety of solutions in each business.

Services Oriented Architecture (SOA) market size at $5.7 billion in 2013 is anticipated to reach $16.4 billion by 2020. Significant growth is driven by the smart phone and social media in attrition to cloud computing market penetration, with smart phones beginning to get significant uptake all over the world.

Growth is a result of IT department efforts to reduce spending on run time, gaining the effect of more hires by decreasing operating costs. SOA delivers more efficient automated process. SOA enables IT to spend a higher proportion of the budgets on growing the business. SOA stacks of decoupled services are purpose built for the enterprise environment that is continuously shifting because of mergers and acquisitions. With decoupled software solutions, the web services and the SOA components can be portable.

Service Oriented Architecture (SOA) is the foundation for modern transactional systems. As the Internet extends transaction systems to real time, SOA has been invented to extend the transaction systems appropriately. SOA supports the evolution of Internet based real time e-business and end-to-end business process integration.

In the next decade, the same SOA principles will be at the core of a new era of business engagements that transact at Internet scale across locations, devices, people, processes and information.

Cloud and mobile computing redefine SOA, providing ways for companies to implement analytics and mine social media data to create information that is usable for decision making.

Susan Eustis, principal author of the market research study, said, "Unstructured data accounts for 90 percent of the data in organizations. Unstructured data generated by machines, or as part of social media drive the need for SOA. smart phones create information on a massive scale, driving needs to manage records of transaction activity, system behavior, application performance, user actions, security threats and fraudulent activity. SOA is used to handle the complexity or scale of massive volumes of unstructured machine data. SOA allows implementation of systems flexibility, it implements real time computing."