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Service Virtualization Market 2019 Industry Trend, Technology, Key Players (CA Technologies, IBM, Micro Focus, Smartbear Software, Parasoft, Tricentis, Cavisson Systems, Cigniti, Cognizant, Wipro Limited, Sogeti) and 2023 Forecast Report

02-27-2019 11:12 AM CET | IT, New Media & Software

Press release from: Orian Research

Service Virtualization Market

Service Virtualization Market

Service Virtualization Market studies 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.

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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.

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.

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.

Global Service Virtualization Market is spread across 117 pages, profiling 14 top companies and supported with tables and figures.

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Service Virtualization Industry Segment by Manufacturers
• CA Technologies, IBM, Micro Focus, Smartbear Software, Parasoft, Tricentis, Cavisson Systems, Cigniti, Cognizant, Wipro Limited, Sogeti, SQS, Maveric Systems and Prolifics
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

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 Types can be divided into:
• Software/Tools
• Services

Market Segment by Applications can be divided into:
• IT Services
• Telecommunication
• BFSI
• Retail and eCommerce
• Media and Entertainment
• Healthcare
• Automotive
• Others

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

About Us
Orian Research is one of the most comprehensive collections of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate research offerings do not meet the specific requirements of our esteemed clients.

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Vice President – Global Sales & Partner Relations
Orian Research Consultants
US +1 (415) 830-3727 | UK +44 020 8144-71-27
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