Global Service Virtualization Market is accounted for $401.47 million in 2017 and is expected to reach $2,188.13 million by 2026 growing at a CAGR of XX% during the forecast period. Rising adoption of agile and DevOps practices for software development, growing demand to influence data integration tools and developing technological advancements are the key driving factors for the market growth. However, huge price resulting in lowering adoption amongst SMEs and data security rules and policies are hindering the growth of the market. Growth in IoT, AI, and machine learning technologies and digitalization of enterprises provides ample opportunities for the market.

Service virtualization facilitates development and analysis teams to create and copy the dependencies of unavailable or limited services and data. Service Virtualization discard system dependency restraints by ‘virtualizing’ or capturing and modeling the target system’s dynamic actions, performance and data, hence it reacts and responds in the similar means as the live system.

By deployment type, Cloud-based testing platforms recommend the testing teams through capability to spin-up self-service test environments owing towards the ease of deployment, decreased rate of ownership along with enhanced services, Service Virtualization-as-a-Service (SVaaS) is measured as a feasible testing model with various organizations. As a subscription-based service, SVaaS provides automatic testing on the cloud. With Testing-as-a-Service (TaaS), enterprises can directly start, scale-up, or geographically allocate their testing to achieve more in less time, and align testing schedules by the agile and DevOps continuous delivery models. So due to the above interests, many of the manufacturers are deviating to cloud deployment type.

North America is expected to grab the largest share in global market due to the growth in technology and rising adoption of service virtualization solutions over different business verticals in this region.

Some of the key players in Service Virtualization Market IBM, SmartBear Software, Tricentis, Cigniti Technologies Ltd.,Wipro Limited, CA Technologies, Parasoft, Maveric Systems, Cavisson Systems, Micro Focus International plc, Cognizant, SQS Software Quality Systems AG, Prolifics, Sogeti, Axway Software, Delphix, Crosscheck Networks and WireMock.

Deployment Types Covered:
• Cloud
• On-Premises

Components Covered:
• Services
• Software/Tools

End Users Covered:
• Telecommunication
• IT Services
• Banking, Financial Services, and Insurance (BFSI)
• Media and Entertainment
• Automotive
• Retail and E-Commerce
• Healthcare
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o U.K
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements