Global API Testing Market was valued US$ 380.66 Mn in 2016 and is estimated to reach US$ US$ 1502.06 Mn by 2024 at a CAGR of about 21.67 % during a forecast period.
Global API Testing Market can be segmented into Component Type, Deployment Models, Vertical and Geography. On the basis of deployment model, global API testing market divided into on-premises, and cloud. The global API testing market is categorized on the basis of components into API testing software and API testing services. The vertical segment is classified into IT and telecommunication banking, financial services, and insurance, retail and commerce, media and entertainment, healthcare, manufacturing, government, and others. Geographically, Global API Testing Market is classified into North America, Asia Pacific, Latin America, and the Middle East and Africa. The espousal of agile and devops practices for software development is one of the factors driving the API testing market. Adoption of modern techniques of application software enquires for modern testing methods such as automated API testing. Along with the more complexities in the IT sector, key players are making starts in terms of capitals and time to invest in testing. Testing has been an essential part of the after development software process which provides the complete software solutions with quality standard. By deployment type, the cloud-based solution is estimated to grow at the highest CAGR during the forecast period. Cloud-based solution has ease of deployment, improved service Testing-as-a-Service and reduced cost of ownership. Furthermore, on-premises API testing is projected to have a larger market share during the forecast period. This estimation can be attributed owing to the businesses refraining from adopting cloud-based platforms to test their API as baring the public and internal API. Cloud platform encompasses high data security risks. North America is expected to hold the large market share in the API testing market. This region is at the lead position in the adoption of such API that enables businesses using API testing. Furthermore, Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to the presence of admirable organizations that are increasingly enabling the adoption of advanced technologies. Key Players Profiled and Analysed in the Report Astegic, Axway, Bleum, CA Technologies, Cigniti Technologies, Cygnet Infotech, IBM, Inflectra Corp., Infosys , Load Impact , LogiGear, Micro Focus , NevaTech, Oracle, Parasoft Corp., QASource, QSG Technologies, QualityLogic, SmartBear Software, SendGrid, Inc., Tricentis, and Infosys.
Global API Testing Market, By Component
• API Testing Software • API Testing Services
Global API Testing Market, By Deployment Models
• On-Premise • Cloud
Global API Testing Market, By Vertical
• Telecom and IT Sector • Media and Entertainment Sector • Healthcare Sector • Education Sector • Government • Manufacturing • BFSI • Retail & e-Commerce
Global API Testing Market, By Geography
• North America • Europe • Asia Pacific • Middle East & Africa • Latin America
Key players Global API Testing Market
• Astegic • Axway • Bleum • CA Technologies • Cigniti Technologies • Cygnet Infotech • IBM • Inflectra Corp. • Infosys • Load Impact
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
Report Published by: Maximize Market Research
