Global API Testing Market, By Deployment Model (On-Premises and Cloud), Component (API Testing Tools/Software and API Testing Services), Vertical (IT and Telecommunication Banking, Financial Services, and Insurance, Retail and Ecommerce, Media and Entertainment, Healthcare, Manufacturing and Government), Organization Size (Large Companies, Small and Mid-sized Companies), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the API testing market will exhibit a CAGR of 19.9% for the forecast period of 2021-2028 and is expected to reach USD 3,265.52 million 2028. Rising adoption of API technology by both small and mid-sized enterprises and large enterprises, rising complexities in the information technology sector and increased focus on implementation of advanced technologies for software development will likely to drive the growth of API testing market
Application Program Interface (API), facilitates smooth communication and coordination between software programs. It is a set of tools and protocols that is used to build software and applications. It facilitates the organisation in monitoring the lifecycle of the interface and further ensuring that the requirement of the applications and developers are satisfied. API testing is used in wide range of applications such as IT and telecommunication banking, financial services, and insurance, retail and ecommerce, media and entertainment, healthcare, manufacturing and government. API tools employ security procedures to authenticate, authorize and manage access to the data.
Upsurge in the technological advancements in the software development technologies has enabled growth in demand for API testing. Rising complexities in the information technology sectors have induced growth in the demand for API testing. High adoption rate of API testing by the small and medium-sized economies will push up the market value significantly in the future. Rising adoption of internet of things and artificial intelligence will further create lucrative growth opportunities for the API testing market.
However, dearth of skilled professionals or trained expertise will create hindrances in the API testing market growth. Also, growing security concerns and increased cases of cyber-attacks will challenge the API testing market growth rate. Stringent data regulation policies will again slowdown the market growth rate.
This API testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research API testing market contact for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global API Testing Market Scope and Market Size
The API testing market is segmented on the basis of deployment model, component, vertical and organization size. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of deployment model, the API testing market is segmented into on- premises and cloud.
- On the basis of component, the API testing market is segmented into API testing tools/software and API testing services. API Testing Services are further sub-segmented into managed services, professional services, cloud integration and migration and training and consulting.
- On the basis of vertical, the API testing market is segmented into IT and telecommunication banking, financial services, and insurance, retail and ecommerce, media and entertainment, healthcare, manufacturing and government.
- On the basis of organization size, the API testing market is segmented into large companies, small and mid-sized companies.
Global API Testing Market Country Level Analysis
The API testing market is analysed and market size, volume information is provided by country, deployment model, component, vertical and organization size as referenced above.
The countries covered in the API testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America holds a prominent share in the global API testing market. This is because of the prevalence of major key players spread across countries in this region. The USA and Canada have emerged to be the major contributors. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period owing to increased adoption of application performance related solutions.
The country section of the API testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and API Testing Market Share Analysis
The API testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to API testing market.
The major players covered in the API testing market report are IBM, Oracle, Astegic Inc., Axway,, Bleum, Broadcom., Cigniti Technologies Limited, CYGNET INFOTECH, Inflectra Corporation., Infosys Limited, Load Impact AB, LogiGear Corporation., Micro Focus, Nevatech, Inc., Parasoft, QASource, Inc., QualityLogic, SmartBear Software., SendGrid, Sybrant Technologies., Trantor Inc., Vector Informatik GmbH and Tricentis among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global API Testing Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.