API Testing Market Outlook 2027 By Component, Deployment, Size, Share, Trends, Growth
According to TechSci Research, Global API testing market is expected to grow at a significant CAGR during the forecast period. High adoption of API testing strategy by SME and large enterprises is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, rising implementation of DevOps practices to develop a software is positively impacting the growth of market during the forecast period. Furthermore, upsurge in the use of artificial intelligence, machine learning and Internet of things technologies is expected to bolster the growth of market over the next few years. However, growing concerns pertaining to the security of data might act as major impediment to the growth of global API testing market in the years to come.
The global API testing market is segmented based on component, deployment, end user, company, and region. Based on component, the market can be categorized into API testing tools/software & API testing services. Out of which, the API testing services segment is expected to grow at the highest CAGR during the forecast period which can be attributed to the fact that businesses turn to QA vendors for their testing requirements.
In terms of deployment, the market is fragmented into on premises and cloud based. Among them, the cloud-based solutions segment is estimated to dominate the market in the next five years on account of certain benefit it offers such as ease of deployment, reduced cost of ownership, and improved service Testing-as-a-Service (TaaS).
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The major players operating in the API testing market are Astegic, Axway, Bleum, CA Technologies, Cigniti Technologies, Cygnet Infotech, IBM, Inflectra Corporation, Infosys, Load Impact, LogiGear Corporation, Micro Focus, Nevatech, Oracle (Apiary) Corporation, Parasoft Corporation and others. The key market players are adopting some several competitive strategies such as mergers & acquisitions, collaborations, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
- To analyze and estimate the market size of global API testing market from 2017 to 2020.
- To estimate and forecast the market size of global API testing market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global API testing market based on component, deployment, end user, company and regional distribution.
- To identify dominant region or segment in the global API testing market.
- To identify drivers and challenges for global API testing market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global API testing market.
- To conduct pricing analysis for global API testing market.
- To identify and analyze the profile of leading players operating in global API testing market.
- To identify key sustainable strategies adopted by market players in global API testing market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the globe.
TechSci Research calculated the market size of global API Testing market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- API testing service provider
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to API testing
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Component · End User |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
Key Companies Profiled | Astegic, Axway, Bleum, CA Technologies, Cigniti Technologies, Cygnet Infotech, IBM, Inflectra Corporation, Infosys, Load Impact, LogiGear Corporation, Micro Focus, Nevatech, Oracle (Apiary) Corporation, Parasoft Corporation. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global API testing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global API Testing Market, By Component:
- API Testing Tools/Software
- API Testing Services
- Global API Testing Market, By End User:
- IT & Telecommunication
- BFSI
- Retail & E-Commerce
- Media & Entertainment
- Health Care
- Manufacturing
- Others
- Global API Testing Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global API testing market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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