Market New Research Service Virtualization Market Advanced Technology | Page 2

virtualization software helps the developers and testers access to a limited or unavailable services not available in
times of need for software developers.
Driving factors responsible for the growth of service virtualization market includes improved quality of data, test
conditions and growth in ROI. A growing inclination towards service virtualization solutions and services conducted by
several domain contributes to the market growth. Additionally, rise in automation in several verticals across the globe
is likely to add to the growth of service virtualization market. Other factors such as rising awareness for SVaaS (Service-
Virtualization-as-a-service) is considered as a feasible model for testing by many organizations coupled with increasing
subscriptions for SVaaS is likely to add to the growth of service virtualization market.
Segmentation based on component, the service virtualization market includes services, software/tools. Segmentation
based on deployment type, the service virtualization market includes on-premises and cloud. Based on segmentation
by vertical, the service virtualization market includes BFSI, Telecommunication, IT services, retail, e-Commerce, media
and entertainment, automotive and healthcare.
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Geographically, service virtualization market spans North America, South America, Europe, Asia-Pacific, Middle-East
and Africa. North America and Europe market is anticipated to grow at a higher CAGR in the forthcoming period owing
to rapid automation and deployment of bots. APAC and MEA market is likely witness a highly moderate growth in
service virtualization market due to proliferation of technology in various verticals that offers scalability and
enforcement of security.
The key players in the service virtualization market include CA Technologies, Micro Focus, Smart Bear Software,
Parasoft, Cavisson Systems, Tricentis, Cigniti, Wipro, Cognizant, SQS, Sogeti, Maveric Systems, Crosscheck Networks,
Prolifics, Delphix, Postdot Technologies, Solution-Soft Systems, Planit Testing, Tobania, Tech Mahindra, Capgemini and
ITC Infotech.
Market Segment:
This report studies the global Service Virtualization market, analyzes and researches the Service Virtualization
development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses
on the top players in global market, like
• CA Technologies (US)
• IBM (US)
• Micro Focus (Formerly as HPE) (US)
• SmartBear Software (US)