The global enterprise service bus suite market is anticipated to grow significantly over the forecast period. Enterprise Service Bus (ESB) is used to route documents and data between different applications and services, both within and outside the enterprise. It helps in managing as well as monitoring business data effectively and forms the foundation of service-oriented architecture (SOA). In addition to routing disparate transport protocols and data formats, ESB helps implement intelligent routing and includes a repository that helps in service address resolution at run time. Growing cloud computing services enable organizations to use enterprise service bus solutions at a lower price. Cloud-based ESB solutions have been used by small businesses and small to medium enterprises (SME) in order to ensure cost efficiency with the help of lowered infrastructure costs. They are now gaining popularity in large enterprises as well since they offer reduced overhead costs and provide flexibility and scalability, thus fueling the market growth.
The facility to pay-per-use of these solutions is one of the key driving forces for the market. The pay-per-use model allows businesses to move their information technology costs from capex (capital expenditure) to opex (operating expenditure). This facilitates greater cost transparency and capability to meet changing business demands. Presently, a large number of ESB implementations require installation of vendor-specific software on the target hardware, which may incur high costs. Developing an integrated solution based on industry-standard Web services and capabilities such as business process orchestration and business activity monitoring is a sizable opportunity for market participants.
The need for business process management (BPM) and automation is expected to positively impact the market in the coming years. Since ESB solutions help in exchanging documents essential to business operations such as invoices, purchase orders, etc., they help in organizing automated business processes. They also aid in providing information stored in the backend to be used in new applications, which can prove to be highly beneficial for businesses. Demand for ESB solutions is expected to be high from the banking and telecommunication industries, which invest strongly in IT. The market in developed economies of North America and Europe is expected to account for considerable market share by the end of the forecast period. Asia Pacific is also expected to witness growth with increasing awareness regarding these solutions. Key industry participants include Oracle Corporation, Microsoft Corporation, IBM Corporation, TIBCO Software Inc., and Red Hat, Inc. among others.
This report, by Grand View Research, takes a closer look at the enterprise service bus suite industry, providing a holistic perspective on market dynamics, trends, supply, and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro-level. The study aims at providing granular information, regarding estimates and forecasts for key end-use segments including banking and finance, government, telecommunications, and others. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which have been driving and inhibiting the global enterprise service bus suite market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for the market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
This market research report attempts to provide insights to senior and top-level management, on critical industry questions such as the current and expected enterprise service bus suite revenue, drivers, restraints, opportunities and key trends in the market and their impact on the market in coming years. Demand estimate and forecast for key end-use segments in the market, broken down by region have been provided in the study. The report also throws light on key industries for growth opportunities for service providers and the competitive landscape along with the market presence of key participants.
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