Enterprise Service Bus Market Research Report and Forecast up to 2024 Enterprise Service Bus Market - Global Industry An

Enterprise Service Bus Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
An enterprise service bus (ESB) is a software architecture
that integrates
applications and services to deliver a single, simple, consistent and unified interface
to end-users by providing fundamental services for more complex architectures.
ESB integrates applications, coordinates resources and manipulates information by
putting a communication bus between these applications and provides the
necessary setup to implement translation, routing and other integration facilities.
ESB segregates networks or systems from one another, allowing them to connect
without the knowledge or dependency of other systems on the bus. ESB
architecture distributes information across enterprises easily and 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. The growth of cloud computing services enables small businesses and
small and medium enterprises (SMEs) to use cloud-based ESBs at lower cost by
making the infrastructure available at a reasonable price. ESB is considered the
backbone of IT infrastructure as it reduces the time to market for new initiatives and
increases organizational agility.
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The information exchange in organizations depends on network connectivity and
access to different types of enterprise resource planning (ERP) systems. Business
process management (BPM), which focuses on making organizations’ workflow more
efficient, effective and adaptable to changing business environments and business
automation allows organizations to rapidly analyze and automate business
processes. The need to automate internal as well as external business processes is
one of the major factors driving the enterprise service bus market globally.
Organizations today desire to have closer links with the suppliers, customers and
partners they interact with. ESB architecture, which builds and designs more flexible
applications, allows customers to react quickly to changing market conditions which
is one of the driving factors of the enterprise service bus market. However, there is
very limited need for enterprise service bus architecture if the project uses only one
type of protocol or only two or less than two applications, as ESB installation may
consume more resources than required. Currently a substantial number of ESB
installations requires the implementation of vendor-specific software on the target
hardware, which may cause high expenses. Therefore, there is great opportunity to