Service-oriented architecture Market – Adoption of Web Based Applications in Commercial and Industrial Sectors

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Service-oriented architecture (SOA) is collection of services that communicate with each other. The communication comprise of data transfer involving two or more services facilitating specific functionality. SOA consist of modules that are built as software components called services. The components are discrete pieces of data structures that can be reused for diverse purposes, thereby providing flexibility into the software systems.

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SOA facilitates outsourcing of applications or business processes. It enables interoperability, reusability, and enhances the ability of organizations by means of integrated services such as cloud, big data and mobile computing. Further, it supports reduction in maintenance, and integration cost of networks.

The global SOA market has been experiencing growth in recent years due to increasing adoption of mobile technology, adoption of web based applications in commercial and industrial sectors, rising adoption of cloud computing and innovation in smart phone for transactions and payments application.

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The other additional factors contributing to the growth of SOA market are increasing unstructured data generation by machines, technologies and equipment due to social media and growing adoption of integrated IT infrastructure.

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