Service Virtualization Market Size, Share, Growth, Industry Analysis, Forecast 2025

In 2018, the global Service Virtualization market size was 360 Million USD and it is expected to reach 1410 Million USD by the end of 2025, with a CAGR of 18.8% between 2019 and 2025.

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.

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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.

This report studies the Service Virtualization market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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This report focuses on the global Service Virtualization status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Service Virtualization development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

o Broadcom
o IBM
o Micro Focus
o Smartbear Software
o Parasoft
o Tricentis
o Cavisson Systems
o Cigniti
o Cognizant
o Wipro Limited
o Sogeti
o SQS
o Maveric Systems
o Prolifics

Market segment by Type, the product can be split into

o Software/Tools
o Services

Market segment by Application, split into

o IT Services
o Telecommunication
o BFSI
o Retail and eCommerce
o Media and Entertainment
o Healthcare
o Automotive
o Others

Market segment by Regions/Countries, this report covers

o North America
o Europe
o China
o Japan
o Southeast Asia
o India
o Central & South America

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