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Service Virtualization Market 2019 by Deployment Type, Services, Application, Key Players, Size, Trends and Forecast 2026

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.

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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.

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

Table of Contents
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Service Virtualization Market, By Deployment Type
5.1 Introduction
5.2 Cloud
5.3 On-Premises

6 Global Service Virtualization Market, By Component
6.1 Introduction
6.2 Services
6.2.1 Professional Services
6.2.2 Managed Services
6.3 Software/Tools

7 Global Service Virtualization Market, By End User
7.1 Introduction
7.2 Telecommunication
7.3 IT Services
7.4 Banking, Financial Services, and Insurance (BFSI)
7.5 Media and Entertainment
7.6 Automotive
7.7 Retail and E-Commerce
7.8 Healthcare
7.9 Other End Users

8 Global Service Virtualization Market, By Geography
8.1 Introduction
8.2 North America
8.2

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