IDC Study predicts SOA software spending to grow 48% over next 5 years - August 10, 2007
SOA-driven software spending is set to experience strong growth over the next five-years according to a recent IDC study.
The SOA applications marketplace is expected to show the most significant growth during that time, originating from $407 million to reach $4 billion by 2011. In 2006, this represents 0.5% of the worldwide applications software market, and by 2011, it will increase sevenfold to contribute 3.4% to the market.
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“The marketplace is beginning to understand that the implications of SOA involve a lot more than just mere technology,” said Sandra Rogers, IDC WW Program Director, SOA, Web Services & Integration. “It often requires that organizations embrace a new way of thinking and acting.” |
IDC estimates that companies worldwide spent nearly $2 billion on total SOA-related software in 2006. In what many consider to be a newly emerging market, growth rates may appear high; however, this volume only represents just shy of 1% of the total worldwide software market in 2006. The model further forecasts that spending will increase at an overall 48% five-year compound annual growth rate (CAGR) from 2006 to 2011 to reach nearly $14 billion in 2011, representing approximately 4.2% of total software by the end of the forecast period.
Read an excerpt of this report.
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