PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1662191
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1662191
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?