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Market Size in USD Billion
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2023 –2030 |
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USD 1,071.99 Million |
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USD 4,733.73 Million |
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Global Application Programming Interface (API) Testing Market, By Deployment Model (On-Premises and Cloud), Component (Tools/Software and Services), Vertical (IT and Telecommunication Banking, Financial Services, and Insurance, Retail and E-commerce, Media and Entertainment, Healthcare, Manufacturing and Government), Organization Size (Large Companies, Small and Mid-sized Companies) – Industry Trends and Forecast to 2030.
In recent years, the application programming interface (API) testing market is expected to promise high growth due to growing demand for API testing across various industries. Furthermore, growing awareness of numerous benefits which are associated with application programming interface (API) testing such as protection from malicious code and breakage, easy access to applications without user interference, reduced testing costs, and a rise in the need to test software’s performance will increase the demand for this testing and enhance the market growth.
Data Bridge Market Research analyses that the application programming interface (API) testing market is expected to reach USD 4,733.73 million by 2030, which is USD 1,071.99 million in 2022, at a CAGR of 20.40% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Deployment Model (On-Premises and Cloud), Component (Tools/Software and Services), Vertical (IT and Telecommunication Banking, Financial Services, and Insurance, Retail and E-commerce, Media and Entertainment, Healthcare, Manufacturing and Government), Organization Size (Large Companies, Small and Mid-sized Companies)
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Countries Covered
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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
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Market Players Covered
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Astegic Inc. (U.S.), Axway (France), Bleum (China), Broadcom (U.S.), Cigniti Technologies (India), Cygnet Infotech (India), IBM (U.S.), Inflectra Corporation (US, Infosys (India), Load Impact (Sweden), LogiGear Corporation (U.S.), Micro Focus (U.K.), Nevatech (U.S.), Oracle (U.S.), Parasoft (U.S.), QASource (US), QSG (India), QualityLogic (U.S.)
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Market Opportunities
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Market Definition
Application program interface (API) facilitates smooth coordination and communication between software programs. It is a set of protocols and tools which is utilized to build applications and software. It facilitates the organization in monitoring the interface's lifecycle and ensuring the application requirement. API testing is used in extensive range of applications such as banking, financial services, insurance, retail and ecommerce, IT and telecommunication, media and entertainment, healthcare, manufacturing and government.
Drivers
The rapid deployment of advanced technology in organizations has led to the development of a complex structure that needs enhanced application programming interface (API) testing tool. The adoption of open API strategy is also generating new demand for testing in quality assurance teams and are also leading the adoption of AI-related skillsets. These new skillsets include mathematics, on boarding data science, statistics that cannot be replaced. Moreover, the advanced API testing will also lead to offer businesses with cost-effective testing program. However, result in providing the advanced API testing to the organizations, these these new skillset will also lead to provide businesses with cost effective testing program. Therefore, the increasing adoption of open application programming interface by organizations is likely to boost the market growth.
The surging product launches and other innovations by major market players will drive the market growth rate. For instance, FIS a major leader in financial services technology announced the launch of Code Connect application programming interface (API) gateway called “Most Advanced API Strategy” In 2019. This new launch provides an updated hub of APIs that uses cases by FIS clients in testing and developing new solutions.
Opportunities
The recent advancement in the artificial intelligence (AI) and machine learning (ML) with the presence of large amount of information and data is providing new growth opportunities for the application programming interface (API) testing market. Therefore, the significant demand for artificial intelligence and machine learning (AI/ML) testing in organization is prominent to the optimization of testing processes and further providing better test scripts, test cases, test data and reports. These advanced testing skills also allow the visualization and smart analytics supporting teams to detect the faults and understand high risk areas. Thus, the major importance of AI/ML testing for test case prioritization, fault classification and assignment and quality prediction will further boost the market growth in the upcoming years.
Restraints
Lack of knowledge regarding application programming interface (API) testing procedure and availability of low-quality services of API testing in many areas are some of the major factors that are expected to restrain the growth of the market. Moreover, the API testing market is severely constrained because software and applications that have passed through testing can result in data theft and concept theft, which will further hamper the market growth.
This application programming interface (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 localized 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, geographic expansions, technological innovations in the market. To gain more info on the application programming interface (API) testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The outbreak of COVID-19 pandemic has severely affected most industries worldwide. Furthermore, measures to restrict and prevent the movement of non-essential resources and goods in different countries have disrupted the supply chain of network equipment and electronic components. Spending on system integration services and technology consulting is also temporarily decelerating and is expected to drop by 5 percent. However, the industry is anticipated to suffer a slump in most sectors. IT and equipment spending is likely to be the weakest sector, followed by system integration and technology spending. Fortunately, organizations are still expecting growth in demand for cloud infrastructure services and the potential for augmented expenditure on specialized software.
Recent Development
The application programming interface (API) testing market is segmented on the basis of deployment model, component, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Deployment Model
Component
Vertical
Organization Size
The application programming interface (API) testing market is analyzed and market size insights and trends are provided by country, deployment model, component and vertical as referenced above.
The countries covered in the application programming interface (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 dominates the application programming interface (API) testing market in terms of revenue and market share owing to prevalence of major players across countries in this region. Canada and the USA have emerged as major contributors in this region's application programming interface (API) testing market.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 owing to augmented adoption of application performance related solutions in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
The application programming interface (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 application programming interface (API) testing market.
Some of the major players operating in the application programming interface (API) testing market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in 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 customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.
The market is segmented based on Global Application Programming Interface (API) Testing Market, By Deployment Model (On-Premises and Cloud), Component (Tools/Software and Services), Vertical (IT and Telecommunication Banking, Financial Services, and Insurance, Retail and E-commerce, Media and Entertainment, Healthcare, Manufacturing and Government), Organization Size (Large Companies, Small and Mid-sized Companies) – Industry Trends and Forecast to 2030. .
The Global Api Testing Market size was valued at USD 1071.99 USD Million in 2022.
The Global Api Testing Market is projected to grow at a CAGR of 20.4% during the forecast period of 2023 to 2030.
The major players operating in the market include Astegic Inc. , Axway , Bleum , Broadcom , Cigniti Technologies , Cygnet Infotech , IBM , Inflectra Corporation , Load Impact , LogiGear Corporation , Micro Focus , Nevatech , Oracle , Parasoft , QASource , QSG , QualityLogic .
The market report covers data from the 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.
