The new report by Expert Market Research titled, ‘Global Enterprise Service Bus Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global enterprise service bus market, assessing the market based on its segments like modes of deployment, computing architecture, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 7%
• Forecast Market Size (2025): USD 1 billion
Enterprise service bus assists the organisations in automating their processes, thereby enabling business analysis and automation. The market is being driven by the necessity for automation in both internal as well as external business processes across the globe. It allows users to develop applications with greater flexibilities for dynamic changes to cater to the ever-changing market needs. The enterprise service bus is being increasingly adopted to increase efficiency in the organisations’ workflow. The introduction of pay-per-use systems is attracting interest by lowering the cost for users. The rapid growth in the cloud computing industry is also aiding the enterprise service bus market. These factors are expected to aid the growth of the market in the coming years as well.
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Industry Definition and Major Segments
Enterprise service bus (ESB) is a pattern where a centralised software component performs integrations to backend systems and makes those integrations and translations available as service interfaces for reuse by new applications. It increases flexibility and agility with regards to high-level protocol communication between applications.
Based on the mode of deployment, the market can be segmented into:
On the basis of computing architecture, the market is categorised into:
By end use, the market is categorised into:
• Manufacturing and Utility
• IT and Telecom
The major regional markets for enterprise service bus are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The introduction of cloud computing solutions has made the implementation of enterprise service bus feasible and inexpensive. Enterprise service bus is being widely adopted in various industries such as manufacturing and utility, IT, telecom, retail, healthcare, and even by governments. ESB-based software from third-party vendors is gaining popularity among medium and large-scale enterprises. Pay-per-use implementations in the enterprise service bus market have increased the consumer base of the product. Organisations are shifting to enterprise service bus solutions to tackle challenges such as the integration of a large number of devices and handling a massive amount of data that is being generated. These factors are expected to influence the growth of the enterprise service bus market positively in the coming years.
Key Market Players
The major players in the market are IBM Corporation (NYSE: IBM), Oracle Corporation (NYSE: ORCL), Red Hat Inc., Software AG (ETR: SOW), SAP SE (ETR: SAP), and InterSystems Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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