Market Overview:
The Global Service Virtualization Market was valued at USD 390.5 million in 2016 and is projected to reach USD 1,304.18 million by 2025, growing at a CAGR of 18.80% from 2017 to 2025.
Service Virtualization is a method to emulate the behavior of specific components in heterogeneous component-based applications such as API-driven applications, cloud-based applications and service-oriented architectures. It is used to provide software development and testing teams’ access to dependent system components that are needed to exercise an application under test. Service virtualization is mainly used by vendors, industry analysts, and industry publications.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing IoT, AI, and Machine Learning Technologies
1.2 Business Digitalization
1.3 Adoption of Agile Practices for Software Development
1.4 Increasing Rate of Time-To-Market
2. Market Restraints
2.1 Concerns for Data Security and Privacy over Cloud
2.2 Lack of Knowledge about this Technology
2.3 Costly Technology
Market Segmentation:
The Global Service Virtualization Market is segmented on the basis of deployment model, vertical, component, organization size, and region.
1. By Deployment Model:
1.1 Private Cloud
1.2 Public Cloud
1.3 Hybrid Cloud
2. By Vertical:
2.1 BFSI
2.2 Healthcare
2.3 Media and Entertainment
2.4 Retail and E-commerce
2.5 Manufacturing
2.6 Telecommunication and IT
2.7 Others
3. By Component:
3.1 Software
3.2 Services
4. By Organization Size:
4.1 Large Companies
4.2 Mid-sized Companies
4.3 Small Companies
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
Competitive Landscape:
The major players in the market are as follows:
1. IBM
2. Cigniti
3. Micro Focus (Formerly Hpe Software)
4. Cognizant
5. Smartbear Software
6. Wipro Limited
7. Parasoft
8. Sogeti (Capgemini)
9. Tricentis
10. SQS
11. Maveric Systems
12. Cavisson Systems
13. CA Technologies
14. Prolifics
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Service Virtualization Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
INTRODUCTION OF GLOBAL SERVICE VIRTUALIZATION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SERVICE VIRTUALIZATION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL SERVICE VIRTUALIZATION MARKET, BY DEPLOYMENT MODEL
5.1 Overview
5.2 Private Cloud
5.3 Public Cloud
5.4 Hybrid Cloud
6 GLOBAL SERVICE VIRTUALIZATION MARKET, BY VERTICAL
6.1 Overview
6.2 BFSI
6.3 Healthcare
6.4 Media and Entertainment
6.5 Retail and E-commerce
6.6 Manufacturing
6.7 Telecommunication and IT
6.8 Others
7 GLOBAL SERVICE VIRTUALIZATION MARKET, BY COMPONENT
7.1 Overview
7.2 Software
7.3 Services
8 GLOBAL SERVICE VIRTUALIZATION MARKET, BY ORGANIZATION SIZE
8.1 Overview
8.2 Large Companies
8.3 Mid-sized Companies
8.4 Small Companies
9 GLOBAL SERVICE VIRTUALIZATION MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
9.5.1 Brazil
9.5.2 Argentina
9.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
10 GLOBAL SERVICE VIRTUALIZATION MARKETCOMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Share
10.3 Vendor Landscape
10.4 Key Development Strategies
11 COMPANY PROFILES
11.1 IBM
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Cigniti
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Micro Focus
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Cognizant
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Smartbear Software
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Wipro Limited
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Parasoft
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Sogeti (Capgemini)
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Tricentis
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 SQS
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
11.11 Maveric Systems
11.11.1 Overview
11.11.2 Financial Performance
11.11.3 Product Outlook
11.11.4 Key Developments
11.12 Cavisson Systems
11.12.1 Overview
11.12.2 Financial Performance
11.12.3 Product Outlook
11.12.4 Key Developments
11.13 CA Technologies
11.13.1 Overview
11.13.2 Financial Performance
11.13.3 Product Outlook
11.13.4 Key Developments
11.14 Prolifics
11.14.1 Overview
11.14.2 Financial Performance
11.14.3 Product Outlook
11.14.4 Key Developments
12 Appendix
12.1 Related Reports
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