Service Virtualization Market Drivers, Technological Analysis and Application Insights till 2025

Service Virtualization Market Drivers,
Technological Analysis and Application Insights
till 2025
“Service virtualization offers a simulated test environment that manages, deploys, and creates test
environments anywhere, anytime. Virtualization is an integral part of IT infrastructure. Governments
have to be able to respond quickly and effectively to changing business requirements at this juncture.”
The Service Virtualization Market is anticipated to reach USD 1.69 billion by 2025. The market is anticipated to rise
at a healthy rate in the years to come. Service virtualization offers a simulated test environment that manages,
deploys, and creates test environments anywhere, anytime. Virtualization is an integral part of IT infrastructure.
Governments have to be able to respond quickly and effectively to changing business requirements at this juncture.
To accomplish these goals, application sides need to transport superiority software on time that lets testers and
developers access inaccessible or incomplete facilities in a virtual and simulated environment. With the support of
services virtualization, risk reduction, quality improvements, incremental top-line income could be accomplished.
The factors that are propelling the service visualization market include time-saving and avoidance of an expensive
test lab. On the other hand, data security policies and regulations are among the limiting factors for the service
virtualization market and it is anticipated to grow at a significant CAGR of 17.6% in the upcoming period as the
scope, product types, and applications are increasing across the globe.
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The service virtualization industry may be explored by component, deployment type, vertical outlook, and
geography. The market may be explored by components as Software and Services. In 2016, Software accounted for
the largest market share of the service virtualization market. The factors that contribute to the market growth
include tools or software offered by market players to focus upon catering to the diverse needs of an association.
The market may be explored by deployment type as On-premise and Cloud. The “Cloud” segment dominated the
deployment type of the service virtualization industry in 2016 and it is anticipated to maintain its dominance by
2025 due to factors such as technological propagation.

The market may be explored by vertical outlook as BFSI, IT, Telecom, Retail, and Others. The IT segment dominated
the vertical outlook of the service virtualization industry in 2016 and it is anticipated to maintain its dominance by
2025. The factors such as service virtualization tools address numerous problems associated with difficulties faced
by IT manufacturing comprising application downtime, release timelines, and software quality. North America
accounted for the major share of the global service virtualization market in 2016 and will continue to rule the roost
in the forthcoming period due to improved network connectivity, the burgeoning trends of digitalization, and
technological proliferation.
Some of the key players that fuel the growth of the service virtualization industry include CA Technologies, Cigniti,
IBM, Prolifics, Cognizant, Maveric Systems, Micro Focus (Formerly Hpe Software), Smartbear Software, Cavisson
Systems, Parasoft, Tricentis, SQS, Wipro Limited, and Sogeti (Capgemini). The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Market Segment:
Service Virtualization Component Outlook (Revenue, USD Million, 2014 - 2025)
• Software
• Services
Service Virtualization Deployment Type Outlook (Revenue, USD Million, 2014 - 2025)
• On-premise
• Cloud
Service Virtualization Vertical Outlook (Revenue, USD Million, 2014 - 2025)
• IT
• BFSI
• Retail
• Telecom
• Others
Service Virtualization Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• the Asia Pacific
• China
• India
• Japan
• Rest of the World (RoW)
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