DUBLIN--(BUSINESS WIRE)--Jun 24, 2020--

The Global Service Virtualization Market is expected to grow at an impressive rate during the forecast period. The Global Service Virtualization Market is driven by the widespread acceptance of service virtualization across the various end-user industries, especially the large enterprises. Additionally, associated benefits with service virtualization such as affordability, enhanced business efficiency, increased business productivity, improved collaboration between different teams and departments, among others are expected to positively influence the market growth through 2025.

Furthermore, increasing investments in advanced technology and technology upgradation along with new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth over the next few years. However, adherence to data security standards and norms can hamper the market growth during the forecast period.

The Global Service Virtualization Market is segmented based on component, deployment mode, end-user industry, company and region. Based on component, the market can be bifurcated into solution and service. The solution segment is expected to dominate the market since they can be integrated into various combinations in order to meet the business requirements and expedite the software development process. Based on deployment mode, the market can be split into on premise and cloud.

The cloud segment is expected to dominate the market through 2025. This can be ascribed to the different associated benefits such as scalability, 24/7 availability, flexibility, large storage space, auto-update feature, among others. Based on the end-user industry, the market can be categorized into IT& Telecom, BFSI, retail & e-commerce, automotive, healthcare, media & entertainment and others. The BFSI segment is expected to register significant growth in the market owing to the increasing adoption of software in the financial operations.

Companies Mentioned

  • CA Technologies
  • IBM Corporation
  • SmartBear Software
  • Parasoft
  • Cavisson Systems
  • Cigniti
  • Cognizant
  • Wipro Limited
  • Sogeti
  • SQS

Objective of the Study:

  • To analyze and estimate the market size of the Global Service Virtualization Market from 2015 to 2018.
  • To estimate and forecast the market size of the Global Service Virtualization Market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast the Global Service Virtualization Market based on component, deployment mode, end-user industry, company and regional distribution.
  • To identify dominant region or segment in the Global Service Virtualization Market.
  • To identify drivers and challenges for the Global Service Virtualization Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Service Virtualization Market.
  • To identify and analyze the profile of leading players operating in the Global Service Virtualization Market.
  • To identify key sustainable strategies adopted by market players in the Global Service Virtualization Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Service Virtualization

4. Executive Summary

5. Voice of Customer

6. Global Service Virtualization Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component (Solution v/s Service)

6.2.1.1. By Service (Professional v/s Managed)

6.2.2. By Deployment Mode (On-Premise v/s Cloud)

6.2.3. By End User Industry (IT& Telecom, BFSI, Retail & E-Commerce, Automotive, Healthcare, Media & Entertainment, Others)

6.2.4. By Company (2019)

6.2.5. By Region

6.3. Product Market Map

7. Asia-Pacific Service Virtualization Market Outlook

7.1. Market Size & Forecast

7.2. Market Share & Forecast

7.3. Asia-Pacific: Country Analysis

8. Europe Service Virtualization Market Outlook

8.1. Market Size & Forecast

8.2. Market Share & Forecast

8.3. Europe: Country Analysis

9. North America Service Virtualization Market Outlook

9.1. Market Size & Forecast

9.2. Market Share & Forecast

9.3. North America: Country Analysis

10. South America Service Virtualization Market Outlook

10.1. Market Size & Forecast

10.2. Market Share & Forecast

10.3. South America: Country Analysis

11. Middle East and Africa Service Virtualization Market Outlook

11.1. Market Size & Forecast

11.2. Market Share & Forecast

11.3. MEA: Country Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

15. Strategic Recommendations

16. About the Author & Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/xorksx

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 06/24/2020 09:41 AM/DISC: 06/24/2020 09:41 AM

Copyright Business Wire 2020.