Springboard Research bullish on India SOA market

NEW DELHI: Service Oriented Architecture (SOA) market in India is expected to have a compound annual growth rate (CAGR) of 49 per cent during 2006-2009, making it the fastest growing market in the region, according to Springboard Research report on ‘SOA in Asia Pacific - Towards More Business Friendly IT.

The report touched upon the key trends in the Asia Pacific SOA market.

"Indian companies have one of the highest awareness levels of SOA and its benefits in the region. However, despite a much higher awareness of SOA in India, the number of companies planning to deploy SOA is less than that in China where the awareness is much lower," said Ravi Shekhar Pandey, senior analyst at Springboard Research.

"It is not surprising that India’s pools of IT literate professionals understand the latest technologies in the market such as SOA. Often however, their efforts to implement new technologies are held back by management teams less familiar with the latest technologies or how they can benefit business results," he added.

Dane Anderson, vice president of Research for Springboard, said, "Although the Indian market is still in the nascent stage, large organizations in banking, manufacturing and telecommunications are beginning to plan enterprise-wide SOA deployments. A majority of the market-leading companies and those with global ambitions are more actively considering SOA than their less ambitious counterparts. The government sector is also showing keen interest in deploying SOA."

In line with other regional markets, IBM leads the SOA marketplace among Indian enterprises in terms of actual implementations, brand perception and the proportion of planners intending to partner with IBM for its SOA implementations. In terms of brand perception and preferred brands among SOA planners, Oracle, BEA and Tibco emerge as other important brands in the country, a Springboard statement said.

Indian system integrators providing offshore services and local ISVs have also been quick to include SOA in their business plans. IT service providers like TCS, Infosys, Wipro, Ramco Systems, Satyam, HCL Technologies, Polaris Software, Cognizant Technologies, and Patni Computers, besides a host of other small- and mid-size firms are building SOA capabilities.

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