Service Oriented Architecture

Global Service Oriented Architecture Market to Reach US$68.7 Billion by 2030

The global market for Service Oriented Architecture estimated at US$28.1 Billion in the year 2024, is expected to reach US$68.7 Billion by 2030, growing at a CAGR of 16.1% over the analysis period 2024-2030.

The U.S. Market is Estimated at US$7.6 Billion While China is Forecast to Grow at 14.8% CAGR

The Service Oriented Architecture market in the U.S. is estimated at US$7.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2030 trailing a CAGR of 14.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.5% and 13.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

Global Service-Oriented Architecture (SOA) Market: Key Trends & Drivers Summarized

What Is Driving the Adoption of Service-Oriented Architecture?

The global Service-Oriented Architecture (SOA) market is witnessing substantial growth, primarily due to the rising adoption of web-based applications across commercial and industrial sectors. Businesses are increasingly leveraging SOA to enhance agility, scalability, and interoperability among diverse applications.

How Is Cloud Computing Influencing the SOA Market?

The integration of SOA with cloud computing platforms has become a significant trend, enabling organizations to develop and deploy services more efficiently. This synergy allows for the creation of scalable and flexible IT infrastructures, facilitating seamless integration and management of services across various environments. The rise in adoption of cloud computing is a major driving factor for the growth of the SOA market.

Why Is SOA Becoming Essential in Mobile Technology?

The proliferation of mobile devices and the demand for mobile applications have underscored the importance of SOA in providing a structured framework for service integration. SOA facilitates the development of modular services that can be reused and combined to create comprehensive mobile applications, enhancing development efficiency and reducing time-to-market. The increasing adoption of mobile technology is a significant driver for the SOA market.

What Drives the Growth in the Service-Oriented Architecture Market?

The growth in the Service-Oriented Architecture market is driven by several factors reflecting the evolving technological landscape. The increasing need for business agility and faster time-to-market has led organizations to adopt SOA to streamline processes and improve responsiveness. The rise of microservices architecture, which builds upon SOA principles, offers enhanced modularity and scalability, further propelling market growth. Additionally, the growing emphasis on digital transformation initiatives across various industries has highlighted the importance of SOA in integrating disparate systems and facilitating seamless communication. Collectively, these drivers underscore a robust market trajectory poised for continued expansion.

SCOPE OF STUDY:

The report analyzes the Service Oriented Architecture market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Service Oriented Architecture)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 12 Featured) -

• 360logica Software Testing Company
• CA Technologies
• CA Technologies
• Crosscheck Networks, Inc.
• Fiorano Software, Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Development LP (HPE)
• IBM Corporation
• Informatica Corporation
• ManagedMethods, Inc.
• Mendix, Inc.
• Nastel Technologies, Inc.
• Oracle Corporation
• Pegasystems, Inc.
• Perficient, Inc.
• Red Hat, Inc.
• Software AG
• Tibco Software, Inc.
• WSO2, Inc.

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