Market highlights

Market Research Future (MRFR) report shows that the global service virtualization market is expected to reach a CAGR of 18% in the forecast period 2017-2023. The report also highlights that the global market is expected to reach a valuation of USD 1,220 Mn towards the end of the assessment period. The market is in the early stages and is expected to provide growth opportunities for the new entrants. The robust competition in the service virtualization market should have a positive impact on the expansion of the market in the coming years.

Service virtualization offers quality assurance and cost-benefit while at the same time minimizing the cycle time for software development. This in turn should accelerate the spread of the market for service virtualization in the next few years. These services are used to simplify the functions of the development and operations team and to enable automated tests. Allows …

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