The global service virtualization market size was valued at USD 4108 million in 2016. It is expected to grow at a CAGR of 17% over the forecast period. Service virtualization can be defined as a set of tools and services designed to abstract physical services through proxy or intermediary services. This helps businesses increase efficiency, increase development productivity, shorten time to market, streamline workflows, and improve collaboration between test and development teams.
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Key Players:
Some of the prominent players in service virtualization market: CA Technologies (U.S.), IBM Corporation (U.S.), Micro Focus International (UK), SmartBear Software (U.S.), Parasoft (U.S.), Tricentis (U.S.), Wipro Limited (India), Cognizant (U.S.), Cavisson Systems, Inc. (U.S.), Cigniti (India) and others.
By Component
• Software/Tools
• Services
By Deployment Type
• On-premises
• Cloud
By Vertical
• IT Services
• Telecommunication
• BFSI
• Retail and eCommerce
• Media and Entertainment
• Healthcare
• Automotive
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
