Web services spending soars

Worldwide spending on software in support of web services-based projects will jump from the US$1.1 billion it achieved in 2003 to US$11 billion by 2008, according to IDC.

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By  Matthew Southwell Published  June 2, 2004

Worldwide spending on software in support of web services-based projects will jump from the US$1.1 billion it achieved in 2003 to US$11 billion by 2008, according to IDC. The analyst house attributes this healthy growth rate to the technology’s ongoing maturity and its ability to solve critical integration issues. IDC also believes web services can help companies cut costs and help organisations capitalise on what services-based technology offers in terms of addressing future application needs. “The industry is entering a critical stage in the acceptance and support for higher-levels of web services standards and technologies. The market-at-large is embracing the concept of services-oriented architecture (SOA) to such a degree that it could inevitably leave a mark on IT environments for many years to come,” says Sandra Rogers, director for web services software & integration at IDC. However, the analyst house cautions that realistic expectations are warranted regarding the rate and scale of uptake of enterprises creating robust services-oriented architectures. “The confluence of available technology, skills, and reference use cases is needed and will take time to evolve. Users and vendors alike must acknowledge and support an environment that allows for phased change versus big-bang or holistic architectural overhaul activities. The ability of vendors to support and help businesses transform multiple generations of web services and XML-based systems will be vital,” says Rogers.

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