18.8% Growth Rate (CAGR) to be Register by Global Service Virtualization Market

Global Service Virtualization Market Size, Status and Forecast 2019-2025; the latest report focuses on current market status, estimated forecast, growth opportunities, key market and top players.

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.

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.

In 2018, the Global Service Virtualization market size was 360 million US$ and it is expected to reach 1410 million US$ by the end of 2025, with a CAGR of 18.8% during 2019-2025.

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Service Virtualization Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, market size, regional market size analysis, market size forecast, etc.)
• Software/Tools
• Services

Service Virtualization Market is studied for the following applications:
(Each application is covered in the terms of market share, market size, regional market size analysis, market size forecast, etc.)
• IT Services
• Telecommunication
• Retail and eCommerce
• Media and Entertainment
• Healthcare
• Automotive
• Others

Key companies profiled in this report are Ca Technologies, Ibm, Micro Focus, Smartbear Software, Parasoft, Tricentis, Cavisson Systems, Cigniti, Cognizant, Wipro Limited, Sogeti, Sqs, Maveric Systems, Prolifics and more. These companies are profiled in the terms of company basic details, business overview, product knowledge, historical revenue and recent developments.

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Through the various topics covered in this report; it provides key insight of the market like Market size and share by regions, trends, driver, opportunities, revenue, market share of companies, their products, mergers & acquisitions, market size by types & applications for United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. With this strong base, this report also provides the estimated forecast to 2025 by product types, applications and by regions.

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