World Service Virtualization Market to Enjoy Considerable Uptake through 2022, Expects M&M in Its Topical Report Available at MarketPublishers.com23 Nov 2017 • by Natalie Aster
LONDON – The worldwide market for service virtualization is forecast to rise from the value of USD 445.5 million in the current year to surpass USD 1.04 billion in the year 2022, enjoying a considerable 18.5% CAGR. Some of the prominent market growth drivers comprise expanding adoption of agile and DevOps practices for software development, leveraging of data integration, increased quality of test conditions, and enhanced ROI, amid others. Meantime, data security regulations and policies are viewed as the key restraint of the market growth.
Amidst software services and tools, the services sector grabs the major share of the overall service virtualization market and is projected to maintain its leadership in the years ahead.
The BFSI vertical is poised to rise at the highest growth rate through 2022.
Regionally, APAC is considered to have the highest growth potential during 2017-2022 and is poised to see the highest CAGR. This is primarily attributed to the presence of several creditable industries that are gradually embracing open testing and API strategies. The most promising country-wide markets for service virtualization in the APAC region include Hong Kong, India, Singapore, Malaysia, Vietnam, Australia and China.
Topical research publication “Service Virtualization Market by Component, Deployment Type, Service Type, Verticals, and Regions - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) offers a deep insight into the service virtualization market scenario, includes a detailed market analysis at various geographical levels, sheds light on the historical background, describes the actual scenario and covers the market dynamics. It examines the key factors responsible for the market development and growth, canvasses the top tends, points out the main opportunities and challenges, and also provides an insightful overview of the key market segments on the basis of components, service types, deployment types and verticals. Besides, this publication delves into the competitive environment, profiles the top companies and includes an all-round future outlook for the service virtualization market through 2022.
Many more research reports by this publisher can be found in the M&M online catalogue.