Service Virtualization Market Analysis, Overview, Growth, Demand and Forecast 2022
Global service virtualization market is estimated to rise at a higher CAGR in the forthcoming period.
Global service virtualization market is estimated to rise at a higher CAGR in the forthcoming period.
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Driving factors responsible for the growth of service virtualization market includes improved quality of data, test<br />
conditions <strong>and</strong> growth in ROI. A growing inclination towards service virtualization solutions <strong>and</strong> services conducted<br />
by several domain contributes to the market growth. Additionally, rise in automation in several verticals across the<br />
globe is likely to add to the growth of service virtualization market. Other factors such as rising awareness for SVaaS<br />
(<strong>Service</strong>-<strong>Virtualization</strong>-as-a-service) is considered as a feasible model for testing by many organizations coupled<br />
with increasing subscriptions for SVaaS is likely to add to the growth of service virtualization market.<br />
Segmentation based on component, the service virtualization market includes services, software/tools.<br />
Segmentation based on deployment type, the service virtualization market includes on-premises <strong>and</strong> cloud. Based<br />
on segmentation by vertical, the service virtualization market includes BFSI, Telecommunication, IT services, retail,<br />
e-Commerce, media <strong>and</strong> entertainment, automotive <strong>and</strong> healthcare.<br />
Geographically, service virtualization market spans North America, South America, Europe, Asia-Pacific, Middle-East<br />
<strong>and</strong> Africa. North America <strong>and</strong> Europe market is anticipated to grow at a higher CAGR in the forthcoming period<br />
owing to rapid automation <strong>and</strong> deployment of bots. APAC <strong>and</strong> MEA market is likely witness a highly moderate<br />
growth in service virtualization market due to proliferation of technology in various verticals that offers scalability<br />
<strong>and</strong> enforcement of security.<br />
The key players in the service virtualization market include CA Technologies, Micro Focus, Smart Bear Software,<br />
Parasoft, Cavisson Systems, Tricentis, Cigniti, Wipro, Cognizant, SQS, Sogeti, Maveric Systems, Crosscheck<br />
Networks, Prolifics, Delphix, Postdot Technologies, Solution-Soft Systems, Planit Testing, Tobania, Tech Mahindra,<br />
Capgemini <strong>and</strong> ITC Infotech.<br />
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<strong>Market</strong> Segment:<br />
This report studies the global <strong>Service</strong> <strong>Virtualization</strong> market, analyzes <strong>and</strong> researches the <strong>Service</strong> <strong>Virtualization</strong><br />
development status <strong>and</strong> forecast in United States, EU, Japan, China, India <strong>and</strong> Southeast Asia. This report focuses<br />
on the top players in global market, like<br />
• CA Technologies (US)<br />
• IBM (US)<br />
• Micro Focus (Formerly as HPE) (US)
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