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Service Virtualization Market by Component (Software/Tools and Services), Deployment Type (On-Premises and Cloud), Service Type (Managed Services and Professional Services ), Verticals, and Regions - Global Forecast to 2022

Service Virtualization Market by Component (Software/Tools and Services), Deployment Type (On-Premises and Cloud), Service Type (Managed Services and Professional Services ), Verticals, and Regions - Global Forecast to 2022

Enhanced quality of test conditions, leveraging of data integration, accelerated time to market, and increased ROI are driving the service virtualization market.
The service virtualization market is projected to grow from USD 445.5 million in 2017 to USD 1,040.8 million by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 18.50% during the forecast period. This market is driven by increasing adoption of agile and DevOps practices for software development. On the other hand, data security regulations and policies is one of the restraints for the service virtualization market.

Software services segment is expected to hold the major market size during the forecast period.
Among software tools and services, the services segment holds a higher market share as the service virtualization services segment consists of 2 significant services: managed services and professional services. Managed services include software implementation services whereas professional services revolve around test implementation services, consultation, training, and support services. Including service virtualization in the Test-Driven Development (TDD) process, empowers the software development and QA teams with a host of benefits across the software development lifecycle

BFSI vertical is expected to grow at the highest CAGR during the forecast period.
Banking applications and web services offer a broad spectrum of services to external businesses. These services can be in the form of information about account types and details, ATM locations, branch locations , business banking credit score checks, and other business banking offerings, including commercial banking Guaranteed Investment Certificates (GICs) and commercial mortgage, and interest, loan, and mortgage rates.

Asia Pacific (APAC) is expected to witness a high growth potential during the forecast period.
The APAC region is expected to gain a major traction in the service virtualization market during the forecast period. The region has the presence of several creditable industries, which are gradually embracing open testing and API strategies. In countries such as Japan, China, and India, the adoption of service virtualization tools and services has gained significance for the continuous delivery of solutions, owing to the digitalization of businesses. Among the APAC countries, India, Hong Kong, Malaysia, Singapore, China, Vietnam, and Australia are good prospects for the service virtualization market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of profiles of primary participants is given below:
• By company type: Tier 1 – 27%, Tier 2 – 31%, and Tier 3 – 42%
• By designation: C-level – 35%, Director level – 40%, and Others – 25%
• By region: North America – 42%, Europe – 34%, APAC – 24%
The service virtualization ecosystem comprises vendors such as CA Technologies (US), IBM (US), Micro Focus (Formerly HPE) (US), SmartBear Software (US), Parasoft (US), Tricentis (Austria), Cavission Systems (US), Cigniti (India), Cognizant (US), Wipro (India), Sogeti (France), SQS (Germany), Maveric Systems (India), Prolifics (US), Axway (US), Crosscheck Networks (US), Delphix (US), Postdot Technologies (US), WireMock (UK), Solution-Soft Systems (US), Planit Testing (Australia), Tobania (Belgium), Tech Mahindra (India), ITC Infotech (India), and Capgemini (France).

Research Coverage
The report includes in-depth competitive analysis of these key players in the service virtualization market, with their company profiles, recent developments, and key market strategies. The research report segments the service virtualization market by component (software/tools and services), deployment type (on-premises and cloud), vertical, and region.

Reasons to Buy the Report
The service virtualization market has been segmented on the basis of components (software/tools and services), deployment types (On-Premises and Cloud), verticals, and regions. The report will help the market leaders/new entrants in this market in the following ways:
1. The report segments the service virtualization market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across various industries and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders in better understanding the competitors and gaining more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 12 players offering services in this market. In this section, market internals have been provided that can put them ahead of the competitors.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2016
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • SECONDARY DATA
    • PRIMARY DATA
      • BREAKDOWN OF PRIMARIES
      • KEY INDUSTRY INSIGHTS
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE SERVICE VIRTUALIZATION MARKET
    • SERVICE VIRTUALIZATION MARKET: MARKET SHARE OF TOP 3 VERTICALS AND REGIONS, 2017
    • SERVICE VIRTUALIZATION MARKET: REGIONAL ANALYSIS
  • MARKET OVERVIEW
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SERVICE VIRTUALIZATION USE CASES
      • INTRODUCTION
  • SERVICE VIRTUALIZATION MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • SOFTWARE/TOOLS
      • Table SOFTWARE/TOOLS: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SERVICES
      • Table SERVICES: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SERVICES, BY TYPE
        • Table SERVICES: SERVICE VIRTUALIZATION MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table MANAGED SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SERVICE VIRTUALIZATION MARKET ANALYSIS, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CLOUD
      • Table CLOUD: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SERVICE VIRTUALIZATION MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • IT SERVICES
      • Table IT SERVICES: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TELECOMMUNICATIONS
      • Table TELECOMMUNICATIONS: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • Table MEDIA AND ENTERTAINMENT: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • RETAIL AND ECOMMERCE
      • Table RETAIL AND ECOMMERCE: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • AUTOMOTIVE
      • Table AUTOMOTIVE: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SERVICE VIRTUALIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • UNITED STATES
        • Table UNITED STATES: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table UNITED STATES: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table UNITED STATES: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table UNITED STATES: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • CANADA
        • Table CANADA: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table CANADA: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table CANADA: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table CANADA: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICE VIRTUALIZATION MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table GERMANY: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table GERMANY: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table GERMANY: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • UNITED KINGDOM
        • Table UNITED KINGDOM: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table UNITED KINGDOM: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table UNITED KINGDOM: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table UNITED KINGDOM: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICE VIRTUALIZATION MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • JAPAN
        • Table JAPAN: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table JAPAN: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table JAPAN: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table JAPAN: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • CHINA
        • Table CHINA: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table CHINA: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table CHINA: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table CHINA: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • INDIA
        • Table INDIA: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table INDIA: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
        • Table INDIA: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
        • Table INDIA: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICE VIRTUALIZATION MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
  • COMPANY PROFILES
    • CA TECHNOLOGIES
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • IBM
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MICRO FOCUS (FORMERLY HPE SOFTWARE)
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SMARTBEAR SOFTWARE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • PARASOFT
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TRICENTIS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • CAVISSON SYSTEMS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • CIGNITI
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • COGNIZANT
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • WIPRO LIMITED
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SOGETI (CAPGEMINI)
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SQS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MAVERIC SYSTEMS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • PROLIFICS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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