The worldwide enterprise services bus market is expected to hit US$639.1 million by the year 2015. Key factors which will determine future growth in this market include emerging business needs and the development of next-generation ESB technologies.
A growing need among companies to establish closer relationship with customers, suppliers and other business partners is fast fuelling the demand for ESB technologies across the world. Enterprise Service Bus (ESB) is a middleware component, which binds Service-Oriented Architecture (SOA) together and allows communication between web-based enterprise applications. With information delivery becoming one of the key result areas for an enterprise, furnishing company details, such as product, financial, and other key information to customers, partners or shareholders becomes highly crucial. This therefore necessitates that companies, source out information from different set of applications. Information exchange is dependent on network connectivity and access to different ERP systems. The ESB platform establishes cross connectivity between multiple company systems, thereby enabling Internet-based business processes. ESB technology is fast proving its worth in integration projects for enterprise applications. ESB offers a flexible IT model, which is essential for companies to be able to adapt to shifting market dynamics triggered by the competitive environment and faster product cycles.
According to Global Industry Analysts, Service-Oriented Architecture (SOA), and ESBs as its prime enabler, are emerging into one of the few recession resistant software investments with a growing number of companies of the opinion that SOA projects are important cost reduction tools, and thus powerful weapons that helps to increase the odds of survival against the recession. The current recessionary climate demands businesses to be agile, and judiciously save on costs, and SOA is just the tool needed to achieve this, and companies cannot afford to cancel or postpone IT initiatives in this space.
With SOA expected to be the leading application-integration approach in the next five years, the future outlook for ESB looks promising given its status as a SOA enabler. The global market is expected to reach $639.1 million by 2015. Given the expensive nature of ESB, its implementations until now were most often than not restricted to large-scale organizations. Companies operating in telecommunications and finance, and the Government sector were the early adopters of ESBs and continue to be the top end-users of this technology. However, with several ESB vendors entering into the market and other open source products also introduced into the scene, ESB prices have come down considerably and will continue to do so. This favorable trend is opening up ESB technologies to even mid-size companies, which in turn is driving the overall growth in the total market.
Key players dominating the marketplace include Fiorano Software Inc, FusionWare Corporation, International Business Machines Corporation, MuleSoft Inc., Oracle Corporation, Progress Software Corporation, Red Hat Inc., SOA Software Inc, Software AG, TIBCO Software Inc, Workday Inc, and WSO2 among others.
The report titled Enterprise Service Bus: A Global Market Report by Global Industry Analysts provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in value sales for the Global Enterprise Service Bus market. Global Industry Analysts ©http://news.wooeb.com/NewsStory.aspx?id=716497&cat=1