Your payment is in progress...

Enterprise Service Bus Software Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2026)

Published on: Jan 2021 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 120

The Enterprise Service Bus Software market was valued at USD 0.8 billion in 2020 and is expected to reach USD 1.2 billion by 2026, at a CAGR of 7.05% over the forecast period 2021 - 2026. Due to the increasing demand for application integration across organizations, enterprise service buses (ESBs) witnessed a rise in their utilization across enterprises and organizations.

- 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.
- Furthermore, majorly driven by the adoption of cloud platform that serves as a way to integrate various applications and can facilitate new and expanded channels, as well as improve access to client data, allowing for better tailored products and services, the IT and telecom industry is expected to mark for significant rise in the use of ESBs.
- Banks are also increasingly migrating their data, processes, and infrastructure to cloud, in order to benefit from cloud implementation, which further eases the integration of enterprise applications. For instance, State Bank of India, for its 23,000 branches chose Office 365, a cloud-powered productivity solution from Microsoft, in order to improve communication and collaboration among its workforce, with an aim to transform it into a modern workplace.
- However, issues related to the high cost of installation are challenging the growth of the market.

Key Market Trends

Rising Development of IoT Projects Boosting the Market Growth

The number of connected devices is expected to increase from 8.7 billion in 2012 to 50.1 billion in 2020. The growth of connected devices is driven by the emerging applications and business models and supported by standardization and declining device costs.

As the number of IoT connected devices increases, the integration of devices and data also becomes complex. These connected devices may present numerous integration and messaging challenges. Organizations, thus, may have to invest in efficient application integration solutions that can be tackled with ESBs.

Moreover, with an 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) upon a single application platform.

The need to manage communication between these devices in a more efficient and adaptable manner as per the changing business environments is expected to drive the demand for ESB software market, over the forecast period.

Asia-Pacific to Register a Significant Growth Over the Forecast Period

Asia-Pacific is projected to be the fastest-growing region for the enterprise service bus software market, owing to the increasing focus of the region on the IoT platform in countries, such as China, India, and South Korea.

The rising 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 the Asia Cloud Computing Association (ACCA), Singapore is the number one cloud-ready Asia-Pacific country, owing to better broadband quality, cybersecurity, regulation, and business sophistication.

As most enterprises in Asia-Pacific are deploying cloud-based operations, companies, such as Alibaba and Tencent, are expected to adopt ESBs to increase organizational agility, by the reducing time to market for new initiatives.

It also builds and designs more flexible applications, allowing companies to react quickly to the changing market conditions. These factors are further anticipated to drive the demand for the ESB software market in the region.

Competitive Landscape

The enterprise service bus software market is fragmented, as many players have entered the market. Rapid development and innovation are pushing the market for ESB software with tough competition from the players. Some of the key players include Oracle Corporation, Microsoft Corporation, IBM Corporation, SAP SE, MuleSoft Inc. (Salesforce), Dell Technologies Inc., and TIBCO Software Inc., among others.

- June 2019 - Microsoft Corp. and Oracle Corp. announced a cloud interoperability partnership, enabling customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud. Enterprises can now seamlessly connect Azure services, like analytics and AI, to Oracle Cloud services, like autonomous database. By enabling customers to run one part of a workload within Azure and another part of the same workload within the Oracle Cloud, the partnership delivers a highly optimized, best-of-both-clouds experience.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Cloud-based Solutions
4.2.2 Rising Development of IoT Projects
4.3 Market Restraints
4.3.1 High Installation Cost to Challenge the Market Growth
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Deployment
5.1.1 On Cloud
5.1.2 On-premise
5.2 End-user Industry
5.2.1 IT and Telecom
5.2.2 Retail
5.2.3 Healthcare
5.2.4 BFSI
5.2.5 Other End-user Industries (Government, Manufacturing, and Utilities)
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Oracle Corporation
6.1.2 Microsoft Corporation
6.1.3 IBM Corporation (Red Hat Inc.)
6.1.4 TIBCO Software Inc.
6.1.5 SAP SE
6.1.6 Salesforce.com Inc. (MuleSoft Inc.)
6.1.7 Dell Technologies Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

FAQs

Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research.

The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.

The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage.

Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more.

These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.

Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website). There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Any person who has the capacity to make decisions for the business must buy the reports. These reports help management in decision making process. Market research helps person to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps person to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.
Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps person in the decision-making process of planning and implementing strategies for their markets.

The generation of research report is concerned by most clients when purchasing it. Following general steps are taken for generating reports.
1. Choose a topic.
2. Make skeleton catalogue.
3. Fill content. As for report content, there are two main information source, Primary and Secondary data collection. Secondary data collectionrefers to information searched from the Internet or data bought from database. Primary data collection refers to information concluded from telephone interview, face-to-face interview, expert’s interview, meeting etc.
4. Audit the report
5. Publish the report.

With regard to information cost, information searching costs the least, database support the second least, and telephone interview the third least. Face-face interview cost higher, in-depth interview much higher and expert interview the highest. A research may adopt all of these approaches, or just some of them.
In general, a good-quality research report needs 1-3 months to be finished. Time and method varies according to different Publishers. Thus, it’s difficult to define an exact procedure or process of making research report. Both time and cost vary. However, specialization has become a basic industry standard. Professional and dedicated products will be more and more popular.
MarketInsightsReports has focused on various fields such as Life Science, IT, Telecommunication, Food& Beverages, Energy & Power, Automotive & Transportation, Materials& Chemicals, Financial Services and many more. These market research reports are available for all regions around the globe.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website).

There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Please Choose License Type

USD $4250
USD $4750
USD $6000
USD $7500
Offer

Why Us

  • Why Us In-depth database
    Our Report’s database covers almost all topics of all regions over the Globe..
  • Recognised publishing sources Recognised publishing sources
    Tie ups with top publishers around the globe.
  • Customer Support Customer Support
    Complete pre and post sales support.
  • Safe & Secure Safe & Secure
    Complete secure payment process.