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What Are Web Services?

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Some of the important terminologies are as follows:-

XML. Short for Extensible Markup Language
SOAP
WSDL
UDDI
XML digital signature
XML Encryption.
XKMS (XML Key Management Specification)
SAML (Secure Assertion Markup Language)
JSON-RPC.
JSON-WSP
Representational state transfer (REST) versus remote procedure call (RPC)
Web Services Conversation Language (WSCL)
Web Services Description Language (WSDL), developed by the W3C
Web Services Flow Language (WSFL), superseded by BPEL
Web template

How It Works?

Web Service refers to software application which provides the mechanism of using XML based messages and internet-based products for supporting the direct interaction with other software applications.
It enables a client to call any method, procedure or function which is running on a different machine over internet by using web protocols like HTTP.The web service provides three specfication i.e SOAP, REST, and JSON.
The SOAP includes Web Services Description Language (WSDL) and Universal Description, Discovery, and Integration (UDDI).
The REST appeals for developer which is easier to use more than soap and JSON uses the subset of javascript.

Web Services Development: Services