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DATE
OCT 2022
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179
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HIGHLIGHTS & REPORT INDEX
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Global Service Virtualization Market to Reach $2.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Service Virtualization estimated at US$716.8 Million in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 18.2% over the analysis period 2020-2027. Services, one of the segments analyzed in the report, is projected to record a 19.8% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 17.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $206.5 Million, While China is Forecast to Grow at 17.1% CAGR
The Service Virtualization market in the U.S. is estimated at US$206.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$392.4 Million by the year 2027 trailing a CAGR of 17.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.5% and 15.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.
Hardware Segment to Record 15.3% CAGR
In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 15.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$112.4 Million in the year 2020 will reach a projected size of US$301.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
SELECT PLAYERS
CA Technologies; Cavisson Systems, Inc.; Cigniti Technologies Limited; Cognizant Technology Solutions Corporation; IBM Corporation; Maveric Systems Ltd.; Micro Focus International PLC; Parasoft; Prolifics; SmartBear Software, Inc.; Sogefi Group; Tricentis GmbH; Wipro Ltd.
SEGMENTS
» Component (Services, Software, Hardware) » Deployment (On-Premise, Cloud) » Application (IT Services, Telecommunications, BFSI, Retail & eCommerce, Media & Entertainment, Other Applications)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Influencer Market Insights |
| World Market Trajectories |
| Service Virtualization – Global Key Competitors Percentage Market Share in 2022 (E) |
| Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| 3. MARKET TRENDS & DRIVERS |
| 4. GLOBAL MARKET PERSPECTIVE |
| World Recent Past, Current & Future Analysis for Service Virtualization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Service Virtualization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027 |
| World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
| World Recent Past, Current & Future Analysis for Software/Tools by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Software/Tools by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
| World Recent Past, Current & Future Analysis for On-Premises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for On-Premises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
| World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
| World Service Virtualization Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E) |
| USA Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| USA 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| USA Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| USA 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| CANADA |
| Canada Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Canada 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Canada Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Canada 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| JAPAN |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E) |
| Japan Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Japan 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Japan Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Japan 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| CHINA |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E) |
| China Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| China 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| China Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| China 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| EUROPE |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E) |
| Europe Recent Past, Current & Future Analysis for Service Virtualization by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| Europe 7-Year Perspective for Service Virtualization by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027 |
| Europe Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Europe 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Europe Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Europe 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| FRANCE |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E) |
| France Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| France 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| France Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| France 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| GERMANY |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E) |
| Germany Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Germany 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Germany Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Germany 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| ITALY |
| Italy Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Italy 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Italy Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Italy 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| UNITED KINGDOM |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E) |
| UK Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| UK 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| UK Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| UK 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| REST OF EUROPE |
| Rest of Europe Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of Europe 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Rest of Europe Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of Europe 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| ASIA-PACIFIC |
| Service Virtualization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E) |
| Asia-Pacific Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Asia-Pacific Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| REST OF WORLD |
| Rest of World Recent Past, Current & Future Analysis for Service Virtualization by Component - Services and Software/Tools - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of World 7-Year Perspective for Service Virtualization by Component - Percentage Breakdown of Value Sales for Services and Software/Tools for the Years 2021 & 2027 |
| Rest of World Recent Past, Current & Future Analysis for Service Virtualization by Deployment - On-Premises and Cloud - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of World 7-Year Perspective for Service Virtualization by Deployment - Percentage Breakdown of Value Sales for On-Premises and Cloud for the Years 2021 & 2027 |
| IV. COMPETITION |
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