Service Virtualization Market to Perceive Substantial Growth During 2017 – 2022 including Leading Players CA Technologies, IBM Corporation, SmartBear Software, Parasoft, Tricentis

Market Highlights
In this rapidly changing world of technology, service virtualization market is projected to show major growth prospects during the forecast period. A major factor driving the service virtualization market is increasing demand for enhanced quality of test conditions and leveraging of data integration. Growing demand for service virtualization tools across various industry verticals is another major factor responsible for fueling the growth of the global service virtualization market.

The global service virtualization market, by geography, is segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the service virtualization market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. The U.S and Canada are anticipated to drive the growth of the service virtualization market over the review period owing to the presence of a large number of established key players such as CA Technologies, IBM Corporation, SmartBear Software, Parasoft and Tricentis in that region. Furthermore, the region has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Increasing need for cost-effective solutions for software testing and delivery is another major factor responsible for driving the growth of service virtualization market.

In the global service virtualization market, Asia Pacific is expected to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, service virtualization market is projected to contribute faster to the growth of revenue backed by increased return on investment on service virtualization applications in countries such as Japan, China, South Korea and India.

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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)

The service virtualization market is projected to reach USD 1,220 million at a CAGR of 18% by the end of the forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Service Virtualization Market Research Report-Forecast to 2023”.

Service Virtualization Market Segmentation
The service virtualization market is segmented into component, deployment, and vertical. The component is further segmented into software and services. The services segment is further classified into managed services and professional services. The services segment is expected to hold the largest share of the global service virtualization market.

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Market Research 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.

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

Important Point Covered in Table of Content
1 Market Introduction
2 Research Methodology
3 Market Dynamics
4 Executive Summary
5. Market Factor Analysis
6 Global Service Virtualization Systems Market, By Segments
7 Competitive Analysis
7.1 Market Share Analysis
7.2 Company Profiles
7.2.1 CA TECHNOLOGIES (U.S.)
7.2.2 IBM CORPORATION (U.S.)
7.2.3 MICRO FOCUS INTERNATIONAL (UK)
7.2.4 SMARTBEAR SOFTWARE (U.S.)
7.2.5 PARASOFT (U.S.)
7.2.6 TRICENTIS (U.S.)
7.2.7 WIPRO LIMITED (INDIA)
7.2.8 COGNIZANT (U.S.)
7.2.9 CAVISSION SYSTEMS, INC. (U.S.)
Continued….
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