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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.
According to our (Global Info Research) latest study, the global Service Virtualization market size was valued at USD 524 million in 2022 and is forecast to a readjusted size of USD 1024.3 million by 2029 with a CAGR of 10.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 is a detailed and comprehensive analysis for global Service Virtualization market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Service Virtualization market size and forecasts, in consumption value ($ Million), 2018-2029
Global Service Virtualization market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Service Virtualization market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Service Virtualization market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Service Virtualization
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Service Virtualization market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Broadcom, IBM, Micro Focus, Smartbear Software and Parasoft, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Service Virtualization market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Software/Tools
- Services
Market segment by Application
- IT Services
- Telecommunication
- BFSI
- Retail and E-commerce
- Media and Entertainment
- Healthcare
- Automotive
- Others
Market segment by players, this report covers
- Broadcom
- IBM
- Micro Focus
- Smartbear Software
- Parasoft
- Tricentis
- Cavisson Systems
- Cigniti
- Cognizant
- Wipro Limited
- Sogeti
- SQS
- Maveric Systems
- Prolifics
Market segment by regions, regional analysis covers
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
- South America (Brazil, Argentina and Rest of South America)
- Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Service Virtualization product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Service Virtualization, with revenue, gross margin and global market share of Service Virtualization from 2018 to 2023.
Chapter 3, the Service Virtualization competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Service Virtualization market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Service Virtualization.
Chapter 13, to describe Service Virtualization research findings and conclusion.