Synchronous or Asynchronous functionality- Synchronicity refers to the binding of the client to the execution of the service. In synchronous operations, the client will actually wait for the web service to complete an operation. An example of this is probably a scenario wherein a database read and write operation are being performed. If data is read from one database and subsequently written to another, then the operations have to be done in a sequential manner. Asynchronous operations allow a client to invoke a service and then execute other functions in parallel. This is one of the common and probably the most preferred techniques for ensuring that other services are not stopped when a particular operation is being carried out.
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Web services are used for a variety of applications, but the most common is for reusing code and connecting existing programs. The web service method can help developers segment applications into components that can be used and reused for various needs. For example, more than one program might need a conversion tool or a reporting function. This is possible due to web services’ universal communication protocols.
The term "Web service" describes a standardized way of integrating Web-based applications using the XML, SOAP, WSDL and UDDI open standards over an Internet Protocol backbone. XML is the data format used to contain the data and provide metadata around it, SOAP is used to transfer the data, WSDL is used for describing the services available and UDDI lists what services are available.
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 use something known as SOAP (Simple Object Access Protocol) for sending the XML data between applications. The data is sent over normal HTTP. The data which is sent from the web service to the application is called a SOAP message. The SOAP message is nothing but an XML document. Since the document is written in XML, the client application calling the web service can be written in any programming language.