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Global Service Virtualization Market Size study & Forecast, by Component (Software, Service), by Deployment (On-Premise, Cloud), by Vertical (BFSI, Healthcare, IT & Telecommunication, Automotive, Retail & e-Commerce) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G0CD3C5EF279EN
Bizwit Research & Consulting LLP

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Global Service Virtualization Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.10% over the forecast period 2023-2030. The Service Virtualization Market refers to the industry focused on providing software solutions and technologies that simulate the behavior of dependent systems or components, enabling developers and testers to validate applications without relying on the availability of actual dependencies. The Service Virtualization market is driven by factors such as the rising adoption of IoT & Connected Devices and rapid urbanization. Moreover, rapid urbanization drives the need for efficient and reliable software systems, leading to increased demand for service virtualization in simulating and testing complex urban systems.

The rising adoption of IoT and connected devices significantly impacts the Service Virtualization Market. As IoT ecosystems become more complex and interconnected, service virtualization plays a vital role in simulating and testing the behavior of service virtualization devices. According to Statista in 2030, the worldwide count of Internet of Things (IoT) devices is expected to experience a significant surge, nearly tripling from 9.7 billion units in 2020 to over 29 billion units. China is expected to have the highest concentration of IoT devices, estimated to reach approximately 5 billion consumer devices. In addition, technological advancement in service virtualization and rising demand for Cloud Computing may create lucrative opportunities for market growth. However, the high cost of service virtualization and lack of awareness regarding virtualization technology stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Service Virtualization Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North American region is expected to dominate the service virtualization market owing to the factors such as the rising adoption of technology, enhanced network connectivity, and the increasing trend of digitalization. Asia Pacific considered the fastest growing region during the forecasted period owing to the, rising demand for digital services is rapidly increasing, while governments are making significant investments in connected devices and networking & communication technologies.


Major market player included in this report are:
Broadcom Inc.
Cavisson Systems Inc.
Cigniti Technologies Ltd.
International Business Machines Corporation
Maveric Systems Limited
Micro Focus International Plc
Smartbear Software
Wipro Limited
Tricentis Technology & Consulting GmbH.
CA Technologies, Inc.

Recent Developments in the Market:
In December 2021, Micro Focus expanded its capabilities in cloud-native application development, testing, and service virtualization through the acquisition of Indigo Blue, an AWS DevOps and Cloud consultancy.

In August 2020, CA Technologies, introduced its service virtualization product called CA Service Virtualization. This new product release addressed the increasing need for effective service virtualization solutions.


Global Service Virtualization Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -Component, Deployment, Vertical, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Software
Service

By Deployment:
On-Premise
Cloud

By Vertical:
BFSI
Healthcare
IT & Telecommunication
Automotive
Retail & e-Commerce

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Service Virtualization Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Service Virtualization Market, by Component, 2020-2030 (USD Billion)
  1.2.3. Service Virtualization Market, by Deployment, 2020-2030 (USD Billion)
  1.2.4. Service Virtualization Market, by Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SERVICE VIRTUALIZATION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SERVICE VIRTUALIZATION MARKET DYNAMICS

3.1. Service Virtualization Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising adoption of IoT & Connected devices
    3.1.1.2. Rapid urbanization
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Service Virtualization
    3.1.2.2. Lack of awareness regarding virtualization technology
  3.1.3. Market Opportunities
    3.1.3.1. Technological advancement in service virtualization
    3.1.3.2. Rising demand for Cloud Computing

CHAPTER 4. GLOBAL SERVICE VIRTUALIZATION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SERVICE VIRTUALIZATION MARKET, BY COMPONENT

5.1. Market Snapshot
5.2. Global Service Virtualization Market by Component , Performance - Potential Analysis
5.3. Global Service Virtualization Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Service Virtualization Market, Sub Segment Analysis
  5.4.1. Software
  5.4.2. Service

CHAPTER 6. GLOBAL SERVICE VIRTUALIZATION MARKET, BY DEPLOYMENT

6.1. Market Snapshot
6.2. Global Service Virtualization Market by Deployment , Performance - Potential Analysis
6.3. Global Service Virtualization Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
6.4. Service Virtualization Market, Sub Segment Analysis
  6.4.1. On-Premise
  6.4.2. Cloud

CHAPTER 7. GLOBAL SERVICE VIRTUALIZATION MARKET, BY VERTICAL

7.1. Market Snapshot
7.2. Global Service Virtualization Market by Vertical , Performance - Potential Analysis
7.3. Global Service Virtualization Market Estimates & Forecasts by Vertical 2020-2030 (USD Billion)
7.4. Service Virtualization Market, Sub Segment Analysis
  7.4.1. BFSI
  7.4.2. Healthcare
  7.4.3. IT & Telecommunication
  7.4.4. Automotive
  7.4.5. Retail & e-Commerce

CHAPTER 8. GLOBAL SERVICE VIRTUALIZATION MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Service Virtualization Market, Regional Market Snapshot
8.4. North America Service Virtualization Market
  8.4.1. U.S. Service Virtualization Market
    8.4.1.1. Component breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Deployment breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Vertical breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Service Virtualization Market
8.5. Europe Service Virtualization Market Snapshot
  8.5.1. U.K. Service Virtualization Market
  8.5.2. Germany Service Virtualization Market
  8.5.3. France Service Virtualization Market
  8.5.4. Spain Service Virtualization Market
  8.5.5. Italy Service Virtualization Market
  8.5.6. Rest of Europe Service Virtualization Market
8.6. Asia-Pacific Service Virtualization Market Snapshot
  8.6.1. China Service Virtualization Market
  8.6.2. India Service Virtualization Market
  8.6.3. Japan Service Virtualization Market
  8.6.4. Australia Service Virtualization Market
  8.6.5. South Korea Service Virtualization Market
  8.6.6. Rest of Asia Pacific Service Virtualization Market
8.7. Latin America Service Virtualization Market Snapshot
  8.7.1. Brazil Service Virtualization Market
  8.7.2. Mexico Service Virtualization Market
8.8. Middle East & Africa Service Virtualization Market
  8.8.1. Saudi Arabia Service Virtualization Market
  8.8.2. South Africa Service Virtualization Market
  8.8.3. Rest of Middle East & Africa Service Virtualization Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Broadcom Inc.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Cavisson Systems Inc.
  9.3.3. Cigniti Technologies Ltd.
  9.3.4. International Business Machines Corporation
  9.3.5. Maveric Systems Limited
  9.3.6. Micro Focus International Plc
  9.3.7. Smartbear Software
  9.3.8. Wipro Limited
  9.3.9. Tricentis Technology & Consulting GmbH.
  9.3.10. CA Technologies, Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Service Virtualization Market, report scope
TABLE 2. Global Service Virtualization Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Service Virtualization Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Service Virtualization Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 5. Global Service Virtualization Market estimates & forecasts by Vertical 2020-2030 (USD Billion)
TABLE 6. Global Service Virtualization Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Service Virtualization Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Service Virtualization Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Service Virtualization Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Service Virtualization Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Service Virtualization Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Service Virtualization Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Service Virtualization Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Service Virtualization Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Service Virtualization Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Service Virtualization Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Service Virtualization Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Service Virtualization Market
TABLE 71. List of primary sources, used in the study of global Service Virtualization Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Service Virtualization Market, research methodology
FIG 2. Global Service Virtualization Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Service Virtualization Market, key trends 2022
FIG 5. Global Service Virtualization Market, growth prospects 2023-2030
FIG 6. Global Service Virtualization Market, porters 5 force model
FIG 7. Global Service Virtualization Market, pest analysis
FIG 8. Global Service Virtualization Market, value chain analysis
FIG 9. Global Service Virtualization Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Service Virtualization Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Service Virtualization Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Service Virtualization Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Service Virtualization Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Service Virtualization Market, regional snapshot 2020 & 2030
FIG 15. North America Service Virtualization Market 2020 & 2030 (USD Billion)
FIG 16. Europe Service Virtualization Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Service Virtualization Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Service Virtualization Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Service Virtualization Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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