Management technologies and standards will be key to igniting the Web services market, and are set to reap vendors some US$9.2 billion by 2007, according to a new report released by ZapThink LLC.
The Waltham, Massachusetts, researcher predicted that the current $30 million Web services management market will balloon as businesses adopt more standards and technologies to help them compete.
"Web services management solutions bridge the gap between Web services and the underlying technology that they run on," ZapThink Senior Analyst Jason Bloomberg said in a statement.
In a preview of the researcher's report released Monday, ZapThink forecasts that the Web services management market will be dominated by large vendors, which will take up 60 percent of the systems management market by 2007. Furthermore, 75 percent of the large vendors will be offering Web services management capabilities by 2007, the researcher predicted.
However, smaller vendors will be able to leap into the market if they get in within the first two years, ZapThink said.
Vendors will be offering Web services systems, lifecycle, business, and security management as well as service-oriented architecture enablement, ZapThink predicted.
"There's a lot of new players in the space offering a variety of functions," Bloomberg said. The analyst predicted, however, that by 2007 there will only be a few survivors in the market, with the rest nudged out or gobbled up in acquisitions.
A full report on the market, entitled "Service-Oriented Management: How Web Services are the Key to the Service-Oriented Architecture," is due to be released by the XML (Extensible Markup Language) and Web services-focused researcher Tuesday.