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Global API testing market forecasts to 2024 published by leading research firm

IT Market Research

Global API Testing Market with figures as recent as 2017 and forecasts up to 2024 provides an overview of the industry including its definition, size, share, growth, applications and manufacturing technology. Report also explores the major industry players in detail as well as company profile, product specifications, capacity and production value.

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The Global API Testing Market accounted for USD 405.02 billion in 2016 growing at a CAGR of 21.01% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. 

Global API Testing Market By Geography; Deployment Model (On-Premises, Cloud); Component (API Testing Tools/Software, API Testing Services); Vertical (IT and Telecommunication Banking, Financial Services, and Insurance, Retail and Ecommerce, Media and Entertainment, Healthcare, Manufacturing, Government) – Industry Trends and Forecast to 2024

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Market Definition:

API stands for application program interface. It deals with access to the application without a user interface through collective form of software function and procedures.

API software is less time consuming than that of GUI testing.

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XML or JSON can be used to exchange data which are language independent. It has its wide application in IT and telecommunication banking, financial services, and insurance, retail and ecommerce, media and entertainment, healthcare, manufacturing, government.

Adoption of open API strategies in businesses may act as a major driver in the growth of global API testing market. On the other hand, data regulations and policies may hinder the market.

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Competitive Analysis :

The report for global API testing include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments.   

Major Market Competitors :

  • Astegic,
  • Axway,
  • Bleum,
  • CA Technologies,
  • Cigniti Technologies,
  • Cygnet Infotech,
  • IBM,
  • Inflectra Corporation,
  • Infosys,
  • Load Impact,
  • LogiGear Corporation,
  • Micro Focus,
  • Nevatech,
  • Oracle Parasoft Corporation,
  • Tricentis,
  • Vector Software

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Major Market Drivers & Restraints:

  • Businesses adopting open API strategies.
  • Adoption of Agile Practices for Software Development
  • Data Regulations and Policies

Market Segmentation:

On the basis of deployment model:- On-premises, and cloud.

On the basis of component:- API testing tools/software, API testing services. The API testing services segment is further sub segmented on the basis of type into managed services, and professional services

On the basis of vertical:- IT and telecommunication banking, financial services, and insurance, retail and ecommerce, media and entertainment, healthcare, manufacturing, government, and others.

On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa.

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