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.
Application Programming Interface (API) Testing Market Analysis and Size
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.
Application Programming Interface (API) Testing Market Scope and Segmentation
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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.
Application Programming Interface (API) Testing Market
Drivers
- Increasing adoption of open application programming interface by organizations
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.
- Surging product launches
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
- Increasing demand for artificial intelligence (AI) and machine learning (ML)
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 awareness and concern associated with application programming interface (API) testing
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.
COVID-19 Impact on Global Application Programming Interface (API) Testing Market
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
- In 2022, SmartBear, a leading provider of quality tools and software development, announced and DiUS, an Australian technology consultancy, acquired Pactflow. This is the world’s leading contract testing platform, to advance their next-generation application programming interface (API) development platform.
- In 2022, Katalon, Inc., a leading test automation platform provider, announced the launch of Partner Program and Portal. The Katalon Solution Partner Program is a transparent and simple partnership framework designed to help customers scale test and adopt automation programs.
Global Application Programming Interface (API) Testing Market Scope
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
- On-Premises
- Cloud
Component
- Tools/Software
- 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
Application Programming Interface (API) Testing Market Regional Analysis/Insights
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.
Competitive Landscape and Application Programming Interface (API) Testing Market Share Analysis
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:
- Astegic Inc. (U.S.)
- Axway (France)
- Bleum (China)
- Broadcom (U.S.)
- Cigniti Technologies (India)
- Cygnet Infotech (India)
- IBM (U.S.)
- Inflectra Corporation (U.S.)
- 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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