SOA market grew faster than expected, survey says

Summary:Service oriented architecture framework and software revenues grew 24% over original projections in the year 2011.

A new research calculates that the service oriented architecture market experienced significant growth in 2011, and now represents a total global market value of $5.518 billion. This is up from $3.987 billion in 2010 -- 38% growth.

trade-data-US International Trade Administration



The SOA market grew faster than expected over the past year -- it was expected to reach $4.436 billion, according to Companies and Markets. So, the market grew 24% faster than expected.

The SOA market in North America is set to grow at a compound annual growth rate (CAGR) of 11.5% through 2014, the report states.

What's behind the rapid growth? "More frameworks are needed to build cloud computing and more infrastructure is needed in the data center to interconnect applications using middleware," the report says. "Aggressive marketing by leading IT solutions vendors such as IBM and Oracle, who view SOA as a vital emerging market is also acting as a key factor behind the increasing momentum of service oriented architecture ecosystems.

No further information is available without purchasing the report, but it's nonetheless notable to see an attempt to size the SOA-related market.

Not clear either is if this includes the costs of skills needed to put this all together.

(Illustration: US International Trade Association.)

Topics: Cloud, Tech Industry

About

Joe McKendrick is an author and independent analyst who tracks the impact of information technology on management and markets. Joe is co-author, along with 16 leading industry leaders and thinkers, of the SOA Manifesto, which outlines the values and guiding principles of service orientation. He speaks frequently on cloud, SOA, data, and... Full Bio

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