Global Enterprise Service Bus Software Market to 2023 by Deployment, End-user Industry, and Region - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 24, 2019--
The “Global Enterprise Service Bus Software Market - Segmented, by Deployment (On Cloud, On-Premise), End-user Industry (IT and Telecom, Healthcare, BFSI), and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Enterprise Service Bus market is expected to register a CAGR of over 6.54% during the forecast period 2018-2023
The scope of the report is limited to deployment of enterprise service bus, organization size, and various end-user industries. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The enterprise service bus (ESB) is one of the most efficient architectures that integrate applications and services to deliver a single, consistent, and unified interface to end-users by providing essential services for more complex architectures. ESB architecture distributes information across enterprises quickly and ensures the smooth delivery of information, even though some of the networks or systems are offline from time to time, by eliminating the need to rewrite the application. Thus, most of the companies implement ESB architecture as the backbone of their IT infrastructure. However, issues related to high cost of installation are estimated to challenge the growth of the market.
Rising Development of IoT Projects
The number of connected devices are going to increase from 8.7 billion in 2012 to 50.1 billion in 2020. The growth of connected devices is driven by emerging applications and business models, and supported by standardization and falling device costs.
With increasing number of connected devices, the need to manage different networks and systems at the same time is also increasing at a rapid rate. The best solution to meet this challenge is to focus on an approach that consists in synchronizing a multiplicity of devices (with different protocols) up on a single application platform. The need to manage communication between these devices in a more efficient and adaptable manner to changing business environments is expected to drive the demand for ESB market, over the forecast period.
Asia-Pacific to be the Fastest Growing Market
Asia-Pacific is projected to be the fastest growing region for enterprise service bus market, owing to the increasing focus of the region toward the IoT platform in countries, such as China, India, and South Korea. The growing demand for managed cloud-based solutions has also increased in this region due to complex Big Data and workloads, such as enterprise resource planning (ERP) being increasingly migrated to cloud platforms. According to a report published by Asia Cloud Computing Association (ACCA), Singapore is the number one cloud-ready Asia-Pacific nation, owing to better broadband quality, cyber security, regulation, and business sophistication.
As most enterprises in APAC are deploying cloud-based operations, companies, such as Alibaba and Tencent are expected to adopt an enterprise service bus to increase organizational agility by reducing time to market for new initiatives. It also builds and designs more flexible applications, allowing companies to react quickly to changing market conditions. These factors are further anticipated to drive the demand for ESB market in the region.
Key Developments in the Market
- June 2018: Red Hat launched Fuse 7 cloud-native integration solution and introduced Fuse Online, an alternative integration Platform-as-a-Service (iPaaS). Red Hat Fuse is a lightweight modular and flexible integration platform with a new-style enterprise service bus (ESB) to unlock information. It provides a unified platform across hybrid cloud environments for collaboration between integration experts, application developers, and business users.
- June 2017: EBank implemented Fiorano ESB to seamlessly integrate the bank’s core processing software with other third-party systems and channels, with a major focus on digital banking.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Enterprise Service Bus Software Market Insights
4.1 Enterprise Service Bus Software Market Share Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Technology Roadmap
5. Enterprise Service Bus Software Market Dynamics
5.1 Enterprise Service Bus Software Market Drivers
5.1.1 Growing Adoption of Cloud-based Solutions
5.1.2 Rising Development of IoT Projects
5.2 Enterprise Service Bus Software Market Restraints
5.2.1 High Installation Cost
6. Global Enterprise Service Bus Software Market Segmentation
6.1 By Deployment
6.1.1 On Cloud
6.1.2 On Premise
6.2 By Organization Size
6.1.1 Large-scale Business
6.1.2 Small- and Medium-scale Business
6.2 By End-user Industry
6.2.1 IT and Telecom
6.2.5 Other Industries (Government, Manufacturing, Utilities)
6.3 By Region
7. Competitive Intelligence - Company Profiles
7.1 Oracle Corporation
7.2 Microsoft Corporation
7.3 IBM Corporation
7.4 TIBCO Software Inc.
7.5 Progress Software Corporation
7.6 Copernicus Interchange Technology B.V.
7.7 Red Hat, Inc.
7.8 SAP SE
7.9 MuleSoft Inc.
7.10 Dell Technologies Inc.
7.11 Fiorano Software, Inc.
7.12 Software AG
8. Investment Analysis
9. Future of Global Enterprise Service Bus Software Market
For more information about this report visit https://www.researchandmarkets.com/r/w96in8
View source version on businesswire.com:https://www.businesswire.com/news/home/20190524005218/en/
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INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
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