Global Service Virtualization Market is expected to reach USD 1454.83 Million by 2024 from USD 444.7 Million in 2016 at CAGR of 18.45 % (Detailed analysis of the market CAGR is provided in the report).

Global Service Virtualization Market

Global Service Virtualization Market is segmented by component, deployment type, vertical and geography. The component is sub-segmented as software/tools and services. Deployment Type segment is bifurcated as On-premises and cloud. Vertical is sub-segmented into IT Services, Telecommunication, BFSI, Retail and eCommerce, Media and Entertainment, Healthcare, Automotive, and Others. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Enhanced Quality of Test Conditions and Increasing Need to Leverage Data Integration Tools are trending the overall Service Virtualization Market. However, Data Security Regulations and Policies will restrain the market growth. North America is expected to dominate the Service Virtualization Market in forecast period followed by APAC and Europe.

The years that have been considered for the study are:
• Base year – 2016
• Estimated year – 2017
• Forecast period – 2017 to 2024

Key Highlights:

• Assessment of market definition along with the identification of key players and an analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast period
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Global Service Virtualization Market analysis and comprehensive segmentation with respect to the component, deployment type, vertical and geography to assist in strategic business planning
• Global Service Virtualization Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions

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Research Methodology

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at a global market value for Service Virtualization Market.
Key Players in the Global Service Virtualization Market:

• Tricentis
• Cavisson Systems
• Cognizant
• Wipro Limited
• Sogeti (Capgemini)
• SQS
• Maveric Systems
• Prolifics
• CA Technologies
• IBM
• Micro Focus (Formerly Hpe Software)
• Smartbear Software
• Parasoft
• Cigniti
• ITC Infotech
• Postdot
• Planit Testing
• Tech Mahindra

Key Target Audience:
• Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
• Providers of service virtualization tools
• QA Providers
• Communication service providers
• Third-party system integrators
• Software testing providers
• Government Bodies
The scope of the Global Service Virtualization Market:

Research report categorizes the Service Virtualization Market based on product, animal type, end user, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Service Virtualization Market with key developments in companies and market trends.
Global Service Virtualization Market, By Component

• Software/Tools
• Services
Global Service Virtualization Market, By Deployment Type

• On-premises
• Cloud
Global Service Virtualization Market, By Vertical

• IT Services
• Telecommunication
• BFSI
• Retail and eCommerce
• Media and Entertainment
• Healthcare
• Automotive
• Others
Global Service Virtualization Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Available Customization
Maximize Market Research offers customization of report and scope of the report as per the specific requirement of our client.