According to the report by Expert Market Research (EMR), the global enterprise service bus market size is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by growth of cloud computing services and need for automation in business processes, the market is expected to significantly grow by 2032.
The enterprise service bus (ESB) is an architectural pattern and a key enabler in application infrastructure, facilitating the integration of various enterprise applications. ESB provides essential services for more complex architectures, such as web services, message queues, and event-driven architectures. Its pivotal role in ensuring streamlined communication, without requiring linkages between individual applications, makes ESB an integral component in the modern IT landscape.
One of the significant enterprise service bus market trends pushing the market’s growth trajectory is the exponential rise in data volume across organisations. In an era dominated by information, companies strive to ensure seamless communication and data exchange between their diverse applications, while also maintaining flexibility and scalability. ESB, in this respect, provides a robust solution to manage, monitor, and seamlessly integrate distinct applications into a cohesive functioning unit.
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Moreover, as businesses observe digital transformation – migrating from legacy systems to more modern, cloud-based platforms – the need for a sturdy integration framework is likely to escalate. The increasing shift towards SaaS (Software as a Service) platforms further fuels the global enterprise service bus market size, given their capability to integrate diverse SaaS applications with on-premises applications.
Enterprises today operate in a highly dynamic environment, with the frequent addition and removal of applications. This calls for an agile integration framework that can rapidly accommodate these changes without significant disruptions. The ESB market benefits immensely from this demand for agility and flexibility in integration solutions.
Further, as microservices architecture gains traction, providing a scalable approach to building and deploying services, the enterprise service bus market demand for orchestrating communication between these services rises. With microservices, applications become a collection of loosely coupled, independent services, and ESB ensures they operate in harmony.
The financial sector, particularly banking and insurance, is a notable adopter of ESB solutions. The sectors grapple with a myriad of applications that cater to diverse functionalities. Integrating them under a unified framework not only optimises operational efficiency but also enhances customer experience, a paramount objective in today’s fiercely competitive landscape. As businesses continue their march towards agility, flexibility, and enhanced customer experiences, the enterprise service bus market size is primed for further growth in the forthcoming years.
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Enterprise Service Bus Market Segmentation
The market can be divided based on deployment mode, computing architecture, end use, and region.
Market Breakup by Deployment Mode
- Cloud-Based
- On-Premise
Market Breakup by Computing Architecture
- J2EE
- .NET
- C
- C++
- Others
Market Breakup by End Use
- BFSI
- Government
- Manufacturing and Utility
- IT and Telecom
- Retail
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other developments, of the major companies operating in the global enterprise service bus market. Some of the key players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Oracle Corporation
- Red Hat Inc.
- Software AG
- SAP SE
- InterSystems Corporation
- Others
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