India Set to be the Fastest Growing SOA Market in Asia
Awareness in India is generally higher than other countries
Delhi, India, November 23, 2006 --(PR.com)-- Springboard Research, a leading innovator in the IT Market Research industry, today announced that its research is showing that the Service Oriented Architecture (SOA) market in India is expected to grow at a compound annual growth rate (CAGR) of 49% from 2006-2009, making it the fastest growing market in the region.
"Indian companies have one of the highest awareness levels of SOA and its benefits in the region. However, despite a much higher awareness of SOA in India, the number of companies planning to deploy SOA is less than that in China where the awareness is much lower," said Ravi Shekhar Pandey, Senior Analyst at Springboard Research. "It is not surprising that India’s pools of IT literate professionals understand the latest technologies in the market such as SOA. Often however, their efforts to implement new technologies are held back by management teams less familiar with the latest technologies or how they can benefit business results."
Added Dane Anderson, Vice President of Research for Springboard Research, "Although the Indian market is still in the nascent stage, large organizations in banking, manufacturing and telecommunications are beginning to plan enterprise-wide SOA deployments. A majority of the market-leading companies and those with global ambitions are more actively considering SOA than their less ambitious counterparts. The government sector is also showing keen interest in deploying SOA."
In line with other regional markets, IBM leads the SOA marketplace among Indian enterprises in terms of actual implementations, brand perception and the proportion of planners intending to partner with IBM for its SOA implementations. In terms of brand perception and preferred brands among SOA planners, Oracle, BEA and Tibco emerge as other important brands in the country.
Indian system integrators providing offshore services and local ISVs have also been quick to include SOA in their business plans. IT service providers like TCS, Infosys, Wipro, Ramco Systems, Satyam, HCL Technologies, Polaris Software, Cognizant Technologies, and Patni Computers besides a host of other small and mid size firms are building SOA capabilities. A number of ISVs are working with leading SOA platform vendors to add SOA capabilities to their applications, and many are developing new applications based on SOA frameworks. Global vendors like IBM and HP have also established SOA focused facilities in India to improve their standing in the market.
About this Study
This Springboard Research report – SOA in Asia Pacific- Towards More Business Friendly IT– examines the key trends in the Asia Pacific Service Oriented Architecture (SOA) market. A key focus area of the report is in providing an array of market data from a market survey that Springboard executed in Australia, China, India, and Singapore. A survey of 2,615 CIOs and IT decision-makers assesses the level of awareness and adoption of SOA in the region, along with providing information on vendor perceptions, adoption areas, and perceived benefits. The report also profiles leading SOA vendors in the region, their offerings and business strategies.
About Springboard Research
Springboard Research represents value, integrity and insight. Led by a team of dynamic industry experts, Springboard Research provides its customers with high value IT market research that helps them identify new market opportunities, growth engines, and innovative ways to go to market, which means Springboard’s clents lead rather than follow market trends. Not bound by legacy, Springboard’s cutting-edge research model leverages its offshore research centers, the Internet, and an increased use of technology as engines of innovation to deliver unique research value. This means that customers have a real alternative for IT market research and where knowledge is delivered in more usable and interactive formats. Springboard Research works with the largest IT companies in the world across the hardware, software, networking, and services sectors.
Founded in 2004, Springboard Research serves the needs of its clients globally through offices in the United States, Singapore and Japan as well as global research centers in India and Pakistan.
For more information regarding Springboard Research, please visit www.springboardresearch.com.
Contacts
Bhoorender Panwar
Manager- Sales & Marketing
Springboard Research
91- 11- 41604886
bpanwar@springboardresearch.com
Ravi Shekhar Pandey
Senior Market Analyst
Springboard Research
91 9811499320
rshekhar@springboardresearch.com
Dane Anderson
Executive Vice President- Research
Springboard Research
65 6236-7682
danderson@springboardresearch.com
###
"Indian companies have one of the highest awareness levels of SOA and its benefits in the region. However, despite a much higher awareness of SOA in India, the number of companies planning to deploy SOA is less than that in China where the awareness is much lower," said Ravi Shekhar Pandey, Senior Analyst at Springboard Research. "It is not surprising that India’s pools of IT literate professionals understand the latest technologies in the market such as SOA. Often however, their efforts to implement new technologies are held back by management teams less familiar with the latest technologies or how they can benefit business results."
Added Dane Anderson, Vice President of Research for Springboard Research, "Although the Indian market is still in the nascent stage, large organizations in banking, manufacturing and telecommunications are beginning to plan enterprise-wide SOA deployments. A majority of the market-leading companies and those with global ambitions are more actively considering SOA than their less ambitious counterparts. The government sector is also showing keen interest in deploying SOA."
In line with other regional markets, IBM leads the SOA marketplace among Indian enterprises in terms of actual implementations, brand perception and the proportion of planners intending to partner with IBM for its SOA implementations. In terms of brand perception and preferred brands among SOA planners, Oracle, BEA and Tibco emerge as other important brands in the country.
Indian system integrators providing offshore services and local ISVs have also been quick to include SOA in their business plans. IT service providers like TCS, Infosys, Wipro, Ramco Systems, Satyam, HCL Technologies, Polaris Software, Cognizant Technologies, and Patni Computers besides a host of other small and mid size firms are building SOA capabilities. A number of ISVs are working with leading SOA platform vendors to add SOA capabilities to their applications, and many are developing new applications based on SOA frameworks. Global vendors like IBM and HP have also established SOA focused facilities in India to improve their standing in the market.
About this Study
This Springboard Research report – SOA in Asia Pacific- Towards More Business Friendly IT– examines the key trends in the Asia Pacific Service Oriented Architecture (SOA) market. A key focus area of the report is in providing an array of market data from a market survey that Springboard executed in Australia, China, India, and Singapore. A survey of 2,615 CIOs and IT decision-makers assesses the level of awareness and adoption of SOA in the region, along with providing information on vendor perceptions, adoption areas, and perceived benefits. The report also profiles leading SOA vendors in the region, their offerings and business strategies.
About Springboard Research
Springboard Research represents value, integrity and insight. Led by a team of dynamic industry experts, Springboard Research provides its customers with high value IT market research that helps them identify new market opportunities, growth engines, and innovative ways to go to market, which means Springboard’s clents lead rather than follow market trends. Not bound by legacy, Springboard’s cutting-edge research model leverages its offshore research centers, the Internet, and an increased use of technology as engines of innovation to deliver unique research value. This means that customers have a real alternative for IT market research and where knowledge is delivered in more usable and interactive formats. Springboard Research works with the largest IT companies in the world across the hardware, software, networking, and services sectors.
Founded in 2004, Springboard Research serves the needs of its clients globally through offices in the United States, Singapore and Japan as well as global research centers in India and Pakistan.
For more information regarding Springboard Research, please visit www.springboardresearch.com.
Contacts
Bhoorender Panwar
Manager- Sales & Marketing
Springboard Research
91- 11- 41604886
bpanwar@springboardresearch.com
Ravi Shekhar Pandey
Senior Market Analyst
Springboard Research
91 9811499320
rshekhar@springboardresearch.com
Dane Anderson
Executive Vice President- Research
Springboard Research
65 6236-7682
danderson@springboardresearch.com
###
Contact
Springboard Research
Bhoorender Panwar
91- 11- 41604886
www.springboardresearch.com
Bhoorender Panwar
91- 11- 41604886
www.springboardresearch.com
Contact
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