"All the standard Web Services works using following components:" ... the problem with this answer is that it suggests that web services do or must operate within the SOAP/WSDL mechanism. This is inaccurate. Representational State Transfer (REST) is another very popular paradigm for implementing web services. Some major websites have deprecated their SOAP services in favor of REST web services. – scottb Jul 7 '15 at 15:50 

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Interoperability amongst applications - Web services allow various applications to talk to each other and share data and services among themselves. All types of applications can talk to each other. So instead of writing specific code which can only be understood by specific applications, you can now write generic code that can be understood by all applications
A web service is something that a website chooses to offer to those who wish to read, update and/or delete data from your website. You might call it a "backdoor" to your data. Instead of presenting the data as part of a webpage it is provided in a pre-determined way where some of the more popular are XML and JSON. There are several ways to communicate with a webservice, some use SOAP, others have REST'ful web services, etc.
Web services are a type of internet software that use standardized messaging protocols and are made available from an application service provider’s web server for use by a client or other web-based programs. Web services can range from major services such as storage management or customer relationship management (CRM) down to much more limited services such as the furnishing of a stock quote or the checking of bids for an auction item. The term is sometimes also referred to as application services.

Exposing Business Functionality on the network - A web service is a unit of managed code that provides some sort of functionality to client applications or end users. This functionality can be invoked over the HTTP protocol which means that it can also be invoked over the internet. Nowadays all applications are on the internet which makes the purpose of Web services more useful. That means the web service can be anywhere on the internet and provide the necessary functionality as required.
Web services are a type of internet software that use standardized messaging protocols and are made available from an application service provider’s web server for use by a client or other web-based programs. Web services can range from major services such as storage management or customer relationship management (CRM) down to much more limited services such as the furnishing of a stock quote or the checking of bids for an auction item. The term is sometimes also referred to as application services.
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