Outlook on the Service Virtualization Global Industry to 2025 - Impact of COVID-19 on the Market
DUBLIN, July 1, 2020 /PRNewswire/ -- The "Global Service Virtualization Market by Component (Solution v/s Service), by Deployment Mode (On-Premise v/s Cloud), by End User Industry (IT& Telecom, BFSI, Retail & E-Commerce, Automotive, Healthcare, Others), by Company, by Region, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Service Virtualization Market is expected to grow at an impressive rate during the forecast period. The Global Service Virtualization Market is driven by the widespread acceptance of service virtualization across the various end-user industries, especially the large enterprises. Additionally, associated benefits with service virtualization such as affordability, enhanced business efficiency, increased business productivity, improved collaboration between different teams and departments, among others are expected to positively influence the market growth through 2025.
The major players operating in the service virtualization market are CA Technologies, IBM Corporation, SmartBear Software, Parasoft, Cavisson Systems, Cigniti, Cognizant, Wipro Limited, Sogeti, SQS and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
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