Service Virtualization Market Analytical Overview by Leading Key Profiles: CA Technologies, IBM Corporation, Micro Focus Internatiol, SmartBear Software, Parasoft, Tricentis,Cognizant, Cavisson Systems, Cigniti

Market Highlights:

The global service virtualization market is estimated to exhibit high growth potential during the forecast period owing to increasing deployment of service virtualization solutions across various industry verticals. Growing need for energy efficient solutions and service virtualization solutions for the same is major driver of the market. Additionally, increasing advancements in the technology is another major factor driving the growth of the service virtualization market. Increased demand for leveraging of data integration is another major factor responsible for fueling the growth of the service virtualization market. Rapid adoption of emerging technologies, smart phones and cloud platforms are other major factors responsible for driving the growth of service virtualization market.

Additionally, increasing advancements in the technology is another major factor driving the growth of the service virtualization market. Increased demand for leveraging of data integration is another major factor responsible for fueling the growth of the service virtualization market. Rapid adoption of emerging technologies, smart phones and cloud platforms are other major factors responsible for driving the growth of service virtualization market.

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Major key Players
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.

According to MRFR, the service virtualization market is projected to reach USD 1,220 million at a CAGR of 18% by the end of the forecast period.

Segmentation:
Service virtualization market is segmented as below
By Component
Software
Service
- Managed Services
- Professional Services
By Deployment
• On-Premise
• Cloud
By Vertical
• BFSI
• Healthcare
• Automotive
• IT & Telecommunication
• Retail & e-Commerce
• Others

Regional Analysis:
On geographic basis, global service virtualization market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the service virtualization market due to the technological advancements and increasing demand for service virtualization solutions across different industry verticals in that region, Europe is to be estimated to be the second largest market share for service virtualization solutions during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.

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Intended Audience
• Technology investors
• Research/Consultancy firms
• Technology providers
• Government bodies
• Service Virtualization Tools Providers
• Service Virtualization Service Providers
• Software Testing Providers
• Communication Service Providers
• Managed Service Providers
• Third-Party System Integrators

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This release was published on openPR.