Forecast 2017 – 2025 : Service Virtualization Market - Global Industry Analysis, Size, Share, Growth, Trends
Press Release - 09
May2018
Global
Research and Development News
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"Service
Virtualization Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025"
with coming years Industries Trends, projections of Global Growth,
Major key player and Case study, Review, Share, Size, Effect.
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Service
virtualization delivers a simulated test environment that creates,
manages, and deploys complete test environments anytime, anywhere.
Virtualization is now an integral part of IT infrastructure.
Organizations have to be able to respond effectively and quickly to
changing business needs, in this age of instant expectations. To
achieve these goals, application teams need to deliver quality
software on time that allows developers and testers access to
unavailable or limited services in a simulated, virtual environment.
With the help of services virtualization, quality improvements, risk
reduction, incremental top-line revenue can be achieved.
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With the
help of service virtualization, development and test teams simulate
the operation of a service without affecting the delivery regardless
of access to production systems. This helps application teams to find
bugs earlier in the application life cycle when they are easier and
faster to fix, which eventually lowers costs and reduces testing
time.
The technology offers various business benefits,
including better utilization of system resources and rapid
provisioning of services. Service virtualization is beneficial for
the development teams which focuses on bug fixing at the API layer,
where major problems are often introduced into system interfaces.
This helps in reducing the application development time and improves
front-end tasks for a better user experience. Furthermore, services
virtualization can be used in connected systems for testing behavior
of an application, its components and APIs.
With the advancement in technology, the market for
service virtualization has increased significantly. Increased
adoption of BYOD and DevOps practices for software development are
crucial factors facilitating the expansion of the service
virtualization market during the forecast period. It is especially
useful in the development of complex API-, cloud-, and SOA (Service
Oriented Architecture)-based systems. Moreover, to avoid the process
bottlenecks that commonly occur when teams are developing/testing
interconnected system components in parallel, service virtualization
is used. The major factor responsible for driving service
virtualization market is the need to avoid an expensive test lab and
save time by detecting development errors early in production.
Service virtualization also reduces infrastructure required to
develop and test applications, which is another key factor
responsible for bolstering service virtualization demand. On the
other hand, data security regulations and policies is one of the
restraints which is expected to hamper the market growth in the near
future.
The global service virtualization market is
segmented on the basis of component, deployment type, and industry
vertical. Based on component, the global market is classified into
software/tools and services. On the basis of service type, the global
market is classified into managed service and professional service.
On the basis of deployment type, the global market is classified into
on-premise and cloud. Based on industry vertical, the market can be
segmented into manufacturing, healthcare, hospitality, BFSI, IT
services, telecommunication, retail & e-commerce, media &
entertainment, automotive and education.
From a geographical standpoint, North America is
expected to witness significant growth of the service virtualization
market during the forecast period. This is due to the increasing
adoption of cloud-based solutions by large number of firms in the
region. However, the market in Asia Pacific and North America is
expected to grow at a gradual rate during the forecast period. The
market in developing regions such as Middle East & Africa (MEA)
and Latin America are also expected to grow over the forecast period.
Some of the major players involved in the
development of service virtualization include Postdot Technologies,
CA Technologies, IBM Corporation, Micro Focus, SmartBear Software,
Tobania, Parasoft, Cognizant, Wipro, Sogeti, SQS, Maveric Systems,
Prolifics, Axway, Crosscheck Networks, Delphix, Micro Focus,
WireMock, Solution-Soft Systems, Tricentis, Cavisson Systems,
Cigniti, Planit Testing, Tech Mahindra, ITC Infotech, and Capgemini.
The report offers a comprehensive evaluation of
the market. It does so via in-depth qualitative insights, historical
data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of
the market, including but not limited to: Regional markets,
technology, types, and applications.
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The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive
primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable
paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative
assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value
chain.
A separate analysis of prevailing trends in the
parent market, macro- and micro-economic indicators, and regulations
and mandates is included under the purview of the study. By doing so,
the report projects the attractiveness of each major segment over the
forecast period.
– More
Clear Details get Table of
Contents_https://www.researchmoz.us/service-virtualization-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html#table-of-content
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Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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