Santa Clara, CA, November 09, 2017 --(PR.com
)-- Cavisson Systems Inc., a leading provider of performance engineering software suite, today announced that it has been positioned by MarketsandMarkets as an "Innovator" in the MicroQuadrant for the “Service Virtualization Market - Global Forecast Report,” published on 31st October, 2017.
According to the MarketsandMarkets’ report titled, "Service Virtualization Market - Global Forecast To 2022" by Sonal Nehe, the service virtualization market accounted for USD 385.5 Million in 2016 and is projected to reach USD 1,040.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 18.50% during 2017–2022.
"We’ve always focused on recreating a true production-like environment for truthful performance testing having consistent results and our years of R&D has resulted in a cutting-edge technology, we refer as Internet-True. This is what primarily differentiates us from others, besides depth of features and functionalities within the Cavisson Service Virtualization Solution - NetOcean," said Anil Kumar, Chief Technology Officer, Cavisson Systems. He also noted that "as customers expand their performance engineering initiatives, Cavisson software platform does more than just solve a known set of use cases; it empowers customers with the flexibility to address a wide variety of future use cases in multiple performance engineering domains."
“Businesses across verticals look forward to leverage the power of technology to offer digital products and services to their customers. This creates immense pressure on the software development teams to deliver the software at a faster speed. Moreover, businesses collaborate to share their web services with each other and to enhance their business applications. Therefore, the adoption of service virtualization solutions would gain momentum to shift left the testing cycles, accelerating the software’s time-to-market,” said Sonal Nehe, Industry Analyst from MarketsandMarkets.
Cavisson NetOcean is a powerful backend application simulator that removes dependencies on backend applications and third-party systems to enable faster quality & performance testing and accelerated time-to-market. Leading Fortune 500 brands rely on Cavisson NetOcean to stay focused on the system under test, reduce the overall cost of ownership for application testing, and reduce the time-to-market their software applications.
"Cavisson continues to invest substantially in new ways of offering business value to its customers and our inclusion within the Innovator quadrant in our very first attempt is just a testimony of it," said Shashank Srivastava, Head of Global Marketing, Cavisson Systems. For more information about Cavisson, please visit www.cavisson.com or go to http://www.cavisson.com/netocean/netocean-features/ to learn more about Cavisson NetOcean.
MarketsandMarkets is a global market research, consulting and a revenue impact company. It is World’s No. 1 in terms of premium market research studies published annually. Serving as a business intelligence partner to Fortune 500 companies across the world, it provides multi-client reports, company profiles, databases, and custom research services.
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Cavisson is a leading provider of application performance testing, monitoring, and diagnostics software. World’s leading Fortune 500 brands rely on Cavisson as their enterprise strategy for performance engineering, ensuring maximum quality, performance, and availability of their mission critical applications.
Our technology keeps users stay alerted whenever application performance impacts revenue or the operating cost, besides accelerating go-to-market of their applications, offering exceptional user and customer experience.