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Web Services Expected to Drive Total Software, Services, and Hardware Opportunity to $34 Billion by 2007, Says IDC

Web Services Expected to Drive Total Software, Services, and Hardware Opportunity to $34 Billion by 2007, Says IDC

(March 18, 2002) – Web services are playing an increasingly important role in integration initiatives – so important that IDC predicts the total software, services and hardware opportunity derived from Web services will catapult from $1.6 billion in 2004 to $34 billion by 2007.

According to IDC, the Web services opportunity is very sensitive to the packaging and price of the total solution, resulting from the counterintuitive impact of prospect demographics. "A rush to market with complex solutions that fail to provide business benefits at reasonable costs for small businesses will, in fact, increase near-term opportunity, but severely reduce the long-term potential of the technology," said Dr. Anthony Picardi, senior vice president of Global Software at IDC.

IDC has, for the first time in the industry, created a dynamic behavioral simulation model that relates timely benefit and cost information from real adopters to the total Web services IT opportunity – in hardware, software, and services. The model shows how these IT disciplines draw synergies among each other as the opportunity develops. The simulation model relates Web services projects to the ability of IT staff, both internal and external, to implement the projects in the required time. The resulting demands for system integrators respond rapidly to both technology generations and the demographics of the prospect base. See www.idc.com for more information.

More Stories By SOA News Desk

SOA World Magazine News Desk trawls the world of distributed computing and SOA-related developments for the latest word on technologies, standards, products, and services and brings key information to you in a timely and convenient summary form.

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