Web Services to Reach $21 Billion by 2007: IDC

• By theWHIR.com , February 05, 2003

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February 5, 2003 -- (WEB HOST INDUSTRY REVIEW) -- Web services will become the dominant distributed computing architecture in the next 10 years and will eventually define the fabric of computing, according to new research released today.

Reasearch firm IDC (idc.com says Web services will drive a total opportunity in the U.S. of $21 billion by 2007, and will eventually peak at $27 billion in 2010.

"Our forecast shows the Web services opportunity distributed unevenly among technology providers and peaking at different times for each technology segment. The software opportunity will peak first in 2007 and then decline as customers build out their platforms," says Anthony Picardi, Ph.D., senior vice president of Global Software at IDC. "The hardware opportunity will follow in 2009 and then professional services in 2011. It is important for vendors in each of these segments to understand the current market trends and adoption rates in order to take the appropriate actions that will ensure future

success."

The company also said the market would be dominated by small-sized enterprise firms by 2007, once larger enterprises had adopted the technology.

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