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Global Enterprise Service Bus Market to Grow at a CAGR of 7% During 2021-2026, Aided by the Adoption of Internt of Things

According to a new report by EMR titled, ‘Global Enterprise Service Bus Market Report and Forecast 2021-2026’, the global market for enterprise service bus is expected to grow at a CAGR of 7% in the forecast period of 2021-2026 to reach a value of USD 1 billion by 2026.

As the number of devices connected is increasing, the integration of these devices and a massive amount of data becomes difficult. Since there are different platforms, numerous integration challenges occur. Organisations are, thus, shift to enterprise service bus based software to tackle these problems. With the ushering in of internet of things (IoT), enterprise service bus is expected to have an increase in demand. Medium and large scale enterprises are already shifting to enterprise service bus based software from third-party vendors. Implementation from the cloud is expected to reduce costs and push for the rapid adoption of enterprise service bus software.

The implementation of enterprise service bus based software is expensive, but with the growing popularity of cloud computing, the entire process has become easy and inexpensive. These platforms are used in varied industries like manufacturing and utility, IT, telecom, retail, healthcare, and even by governments. Some of the major players in this market include IBM (NYSE : IBM), Oracle Corporation (NYSE : ORCL), and others.

Market Analysis by mode of Deployment, Computing Architecture, End Use, and Region:

  • The market, based on the mode of deployment, can be divided into cloud-based and on-premise.
  • Based on computing architecture, the industry can be divided into J2EE, .NET, C, C++, and others
  • The end-uses for enterprise service bus include BFSI, government, manufacturing and utility, IT and telecom, retail, healthcare, and others.
  • The regional markets for enterprise service bus include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • There is a need to automate internal and external business processes, which is propelling the demand for enterprise service bus.
  • The growth of cloud computing services has enabled businesses to use enterprise service bus at a lower cost, further aiding the market growth.
  • The growing need for enterprises to have flexible applications that allow customers to react quickly to market changes is driving the growth of the market.
  • The rise in the number of connected devices need solutions for integration and network management on a single application platform is further catalysing the market growth.
  • Pay-per-use will increase the adoption rate of the technology as it brings down the cost for the user.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for enterprise service bus for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the end-uses, computing architecture, modes of deployment, and major regions of enterprise service bus.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global enterprise service bus market are IBM Corporation, Oracle Corporation, Red Hat Inc., Software AG, SAP SE, and InterSystems Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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