The global service virtualization market size was valued at USD 4108 million in 2016. It is expected to grow at a CAGR of 17% over the forecast period. Service virtualization can be defined as a set of tools and services designed to abstract physical services through proxy or intermediary services. This helps businesses increase efficiency, increase development productivity, shorten time to market, streamline workflows, and improve collaboration between test and development teams.

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Company Profile

Some of the prominent players in service virtualization market: CA Technologies (U.S.), IBM Corporation (U.S.), Micro Focus International (UK), SmartBear Software (U.S.), Parasoft (U.S.), Tricentis (U.S.), Wipro Limited (India), Cognizant (U.S.), Cavisson Systems, Inc. (U.S.), Cigniti (India) and others.

 

Market Segmentation

By Component

Software/Tools
Services

By Deployment Type

On-premises
Cloud

 By Vertical

IT Services
Telecommunication
BFSI
Retail and eCommerce
Media and Entertainment
Healthcare
Automotive
Others

Scope of the Report

The research study analyzes the global Service Virtualization industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Service Virtualization Market Report

1. What was the Service Virtualization Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

What will be the CAGR of Service Virtualization Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Service Virtualization Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

 

The report covers the following objectives:

Proliferation and maturation of trade in the global Service Virtualization market.
The market share of the global Service Virtualization market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the global Service Virtualization market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Service Virtualization market.


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