"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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Now we discussed in the previous topic about WSDL and how it contains information on what the Web service actually does. But how can a client application locate a WSDL file to understand the various operations offered by a web service? So UDDI is the answer to this and provides a repository on which WSDL files can be hosted. So the client application will have complete access to the UDDI, which acts as a database containing all the WSDL files.
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.
A web service is a software system designed to support interoperable machine-to-machine interaction over a network. It has an interface described in a machine-processable format (specifically WSDL). Other systems interact with the web service in a manner prescribed by its description using SOAP-messages, typically conveyed using HTTP with an XML serialization in conjunction with other web-related standards.
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Functional and non-functional testing of Web services is done with the help of WSDL parsing. Regression testing is performed by identifying the changes made to upgrade software. Web service regression testing needs can be categorized in three different ways, namely, changes in WSDL, changes in the code, and selective re-testing of operations. We can capture the above three needs in three intermediate forms of Subset WSDL,[7] namely, Difference WSDL (DWSDL), Unit WSDL (UWSDL), and Reduced WSDL (RWSDL), respectively. These three Subset WSDLs are then combined to form Combined WSDL (CWSDL) that is further used for regression testing of the Web service. This will help in Automated Web Service Change Management (AWSCM),[10] by performing the selection of the relevant test cases to construct a reduced test suite from the old test suite. [11]
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Web services are almost like normal a web page. The difference is that they are formatted to make it very easy for a program to pull data from the page, to the point of probably not using any HTML. They generally also are more reliable as to the consistency of the format, may use a different formal process to define the content such soap or raw xml, and there is often also a descriptor document that formally defines the structure for the data.
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A Web service involves a service provider and a service requester (client). Because Web services feature language transparency, it doesn’t matter whether the underlying system that provides the service is written in Java while the client is written in Perl, Python or Ruby. For example, through Web services a Windows server can interact with a Linux server or serve an application to computer desktops, laptops or smart phones and other mobile devices over the World Wide Web.
Secondly, the client application needs to know what the web service actually does, so that it can invoke the right web service. This is done with the help of the WSDL, known as the Web services description language. The WSDL file is again an XML-based file which basically tells the client application what the web service does. By using the WSDL document, the client application would be able to understand where the web service is located and how it can be utilized. 

Work-related to the capture and visualization of changes made to a Web service. Visualization and computation of changes can be done in the form of intermediate artifacts (Subset WSDL).[7] The insight on the computation of change impact is helpful in testing, top-down development and reduce regression testing. AWSCM[10] is a tool that can identify subset operations in a WSDL file to construct a subset WSDL.
A directory called UDDI (Universal Description, Discovery, and Integration) defines which software system should be contacted for which type of data. So when one software system needs one particular report/data, it would go to the UDDI and find out which other systems it can contact for receiving that data. Once the software system finds out which other systems it should contact, it would then contact that system using a special protocol called SOAP (Simple Object Access Protocol). The service provider system would first validate the data request by referring to the WSDL file, and then process the request and send the data under the SOAP protocol.

^ Compare: Oya 2008, "Under the current Web Services, […] stakeholder systems must follow the predefined rules for a particular business service including those about business protocols to send/receive messages and about system operation. […] More flexible mechanism is desired where freely built and autonomously running systems can exchange business messages without pre-agreed strict rules. We call it Autonomous Web Services (AWS) and proposed the framework called Dynamic Model Harmonization (DMH) with its algorithm, which dynamically adjusts different business process models between systems […]."[4]
Web services are a key component in "mashups". Mashups are when information from many websites is automatically aggregated into a new and useful service. For example, there are sites that aggregate Google Maps with information about police reports to give you a graphical representation of crime in your area. Another type of mashup would be to take real stock data provided by another site and combine it with a fake trading application to create a stock-market "game".

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.
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