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Service Virtualization Market Worth $1.69 Billion by 2025 | CAGR: 17.6%: Grand View Research, Inc.SAN FRANCISCO, April 30, 2018 /PRNewswire/ -- 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. (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg ) 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. 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. Browse full research report with TOC on "Service Virtualization Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment Type (On-premises, Cloud), By Vertical (IT, BFSI, Retail, Telecom), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/service-virtualization-market Further Key Findings From the Report Suggest:
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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)
Service Virtualization Deployment Type Outlook (Revenue, USD Million, 2014 - 2025)
Service Virtualization Vertical Outlook (Revenue, USD Million, 2014 - 2025)
Service Virtualization Regional Outlook (Revenue, USD Million, 2014 - 2025)
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/technology 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: |