Press release
Service Virtualization Market to Grow at a CAGR of 18.1% – Global Size, Key Players (IBM, Micro Focus, Smartbear Software, Parasoft, Tricentis) Share, Demand, Analysis and Forecast to 2023
Global Service Virtualization Market 2018-2023
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In software engineering, service virtualization is a method to emulate the behavior of specific components in heterogeneous component-based applications such as service-oriented architectures. It is used to provide software development and QA/testing teams access to dependent system components that are needed to exercise an application under test (AUT), but are unavailable or difficult-to-access for development and testing purposes.
This report studies the Service Virtualization market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Service Virtualization market by product type and applications/end industries.
The global Service Virtualization market is valued at 360 million USD in 2017 and is expected to reach 970 million USD by the end of 2023, growing at a CAGR of 18.1% between 2017 and 2023. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
Global Service Virtualization Industry spreads across 117 pages profiling 14 companies and supported with tables and figures.
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The report focuses on global major leading Service Virtualization Industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Service Virtualization industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
Analysis of Service Virtualization Industry Key Manufacturers:
CA Technologies
IBM
Micro Focus
Smartbear Software
Parasoft
…
North America is expected to have the largest market share and is projected to dominate the market during the forecast period. This North American region is rapidly adopting emerging technologies, such as smartphones and cloud platforms. Due to this, companies are willingly investing in the North American region. Most service virtualization solutions and services vendors have an eminent presence in the North American region, and therefore, the competition is stiff among the major market players.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Service Virtualization. Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
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Market Segment by Type, covers:
Software/Tools
Services
Market Segment by Applications, can be divided into:
IT Services
Telecommunication
BFSI
Retail and eCommerce
Media and Entertainment
Healthcare
Automotive
Others
There are 14 Chapters to deeply display the Global Service Virtualization Market -
1 Service Virtualization Market Overview
2 Manufacturers Profiles
3 Global Service Virtualization Market Competition, By Players
4 Global Service Virtualization Market Size By Regions
5 North America Service Virtualization Revenue By Countries
6 Europe Service Virtualization Revenue By Countries
7 Asia-Pacific Service Virtualization Revenue By Countries
8 South America Service Virtualization Revenue By Countries
9 Middle East And Africa Revenue Service Virtualization By Countries
10 Global Service Virtualization Market Segment By Type
11 Global Service Virtualization Market Segment By Application
12 Global Service Virtualization Market Size Forecast (2018-2023)
13 Research Findings And Conclusion
14 Appendix.
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