1 / 4

Service Virtualization Market Expected to Achieve Lucrative Growth by 2025

Service virtualization can be defined as a set of tools and services designed for abstraction of a physical service through a proxy or intermediary service. It helps businesses to attain higher efficiency, increased development productivity, reduced time to market, streamlined workflows, and improved collaboration between testing and development teams.<br>

adityarana1687
Download Presentation

Service Virtualization Market Expected to Achieve Lucrative Growth by 2025

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Service Virtualization Market Worth $1.69 Billion by 2025 | CAGR: 17.6% | Grand View Research, Inc “Service virtualization can be defined as a set of tools and services designed for abstraction of a physical service through a proxy or intermediary service. It helps businesses to attain higher efficiency, increased development productivity, reduced time to market, streamlined workflows, and improved collaboration between testing and development teams.” The global service virtualization market size is expected to reach USD 1.69 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 17.6% during the forecast period. Increasing adoption of digitization by enterprises to automate business processes is one of the key trends stimulating market growth. Besides this, growing adoption of DevOps and agile methodologies for software development, in an attempt to improve collaboration between software development and testing teams, is anticipated to provide a fillip to the market. Service virtualization enhances operational efficiencies and collaboration between development, quality, operations, and assurance teams to provide a continuous integration, testing, and delivery of software. Its tools and services cater to various needs of software development teams. They also enable developers to enhance the quality of test conditions and accelerate time to market, resulting in high operational efficiencies and increased return on investment. Follow Us:

  2. Various industries such as IT, banking, insurance, retail, and telecom are widely adopting service virtualization solutions to enhance productivity, reduce time to market, streamline workflows, deliver high-quality products and services, and reduce costs associated with software development. However, issues related to data security regulations and policies are estimated to challenge the growth of the market. To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/service-virtualization-market Further Key Findings from the Study Suggest That: •North America is expected to account for the largest share owing to rapid adoption of digital services along with large presence of major players and wide acceptance of cloud infrastructure •Asia Pacific emerged as the fastest growing market over the forecast period, owing to advancements in infrastructure, increasing IT outsourcing operations, and growing digital services •The software segment accounted for over 50.0% of the overall market in 2017. The services segment is expected to register the highest CAGR over the forecast period •The IT vertical dominated the market in the year 2017, followed by the telecom vertical. Growing use of digitalization and development of connected devices are expected to drive the market. Follow Us:

  3. •Key participants include IBM Corporation, CA Technologies, Micro Focus, Smartbear Software, Parasoft, Sogeti (Capgemini), Maveric Systems, and Prolifics. View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/emerging-and-next-generation-technologies Grand View Research has segmented the global service virtualization market report based on component, deployment type, vertical, and region: 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 •Europe Follow Us:

  4. •Asia Pacific •Rest of the World (RoW) Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-service-virtualization-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com Follow Us:

More Related