Software testing is almost the "last line of defense" in the software lifecycle between the software vendor and the customer. Testing is the phase that completely validates your architecture, design, and development. If not done properly, testing can carry bugs that can directly impact an organization's revenue. So huge stakes hinge on this part of the lifecycle.
Web Services have now become a mainstream technology, and are steadily reaching maturity as a technology. The proliferation of Web Service technologies can be gauged from the amount of commercial and enterprise implementations that are currently taking place.