Market Analysis and Insights: Global Service Virtualization Market
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.
The global Service Virtualization market size is projected to reach US$ 1055.5 million by 2028, from US$ 509.3 million in 2021, at a CAGR of 10.5% during 2022-2028.
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.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Service Virtualization market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Service Virtualization market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Service Virtualization market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Service Virtualization market.
Global Service Virtualization Scope and Market Size
Service Virtualization market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Service Virtualization market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Software/Tools
Services
Segment by Application
IT Services
Telecommunication
BFSI
Retail and E-commerce
Media and Entertainment
Healthcare
Automotive
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Broadcom
IBM
Micro Focus
Smartbear Software
Parasoft
Tricentis
Cavisson Systems
Cigniti
Cognizant
Wipro Limited
Sogeti
SQS
Maveric Systems
Prolifics