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In the News

Report: Service-Oriented Architecture Market To Reach $43 Billion By 2010

As companies move from piecemeal Web services solutions toward a service-oriented architecture (SOA) model of IT, a broad range of individual markets will coalesce into one, according to a report released last week by research firm ZapThink.

The resulting SOA market will be worth nearly $4.4 billion by 2005, and nearly $43 billion by 2010, the report projected. Jason Bloomberg, senior analyst at ZapThink, cited application security, security appliances, system management, application integration, data integration and business process management as six key markets that will become transformed as vendors enable their solutions with SOA.

“Today’s IT executives want the efficiency of working with a small number of vendors for SOA solutions, while at the same time they require the flexibility of being able to select best-of-breed solutions,” said Bloomberg, who authored the report. “Emerging SOA implementation frameworks will offer companies the best of both worlds.”

Read more at: CRN

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