Press release
Global API Testing Market Outlook 2019: Opportunity and Growth Analysis - Dominated By Astegic Inc., Axway, Bleum, Broadcom, CYGNET INFOTECH, IBM, Inflectra Corporation, Infosys Limited, Load Impact AB., LogiGear Corporation, Micro Focus, Nevatech, Inc
Global API Testing Market
It becomes easy to achieve supreme level of market insights and obtain know how of the best market opportunities into the specific markets with this API Testing market report. The report lists down the company profiles of major market players and brands which explore their actions about product launches, product enhancements, joint ventures, mergers and acquisitions with respect to effect on the sales, import, export, revenue and CAGR values. To acquire best quality market data and information specific to the niche and business requirements, this market report has a lot to offer.
The market is expected to rise to an estimated value of USD 2531.66 million by 2026, registering a healthy CAGR of 20.45% in the forecast period of 2019-2026. The rise in the market can be attributed to the growing adoption of API strategies by businesses, rising complexities in the IT sector and the implementation of advanced techniques for software development, which boosts the demand for API testing.
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Global API Testing Market By 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), Organization Size (Large Companies, Small and Mid-sized Businesses), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Competitive Analysis: Global API Testing Market
Global API testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of API testing market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Major Market Competitors/Players: Global API Testing Market
Few of the major competitors currently working in the API testing market are Astegic Inc., Axway, Bleum, Broadcom, CYGNET INFOTECH, IBM, Inflectra Corporation, Infosys Limited, Load Impact AB., LogiGear Corporation, Micro Focus, Nevatech, Inc., PARASOFT, Tricentis, Vector Software, Inc., SmartBear Software, Oracle, QualityLogic, Runscope, Centrify Corporation, QSG, SendGrid, Sybrant Technologies, among others.
Key Developments in the Market:
• In January 2017, Oracle acquired Apiary a pioneer in API management, with a focus on assisting companies running in a digitally advanced economy and API expansion. With this acquisition, Oracle would be able to help its clients in managing their entire API lifestyle and provide integrated applications.
• In November 2018, Broadcom Inc., a worldwide leader in developing and supplying semiconductors and software solutions acquired CA Technologies, leader in API Management and software solutions consisting of Project Portfolio Management, Agile Planning and Requirements, Automation. With this acquisition, this would enhance Broadcom’s position, and help serve its clients better.
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Market Definition:
API stands for application program interface. It is used to build software, and facilitates communication between software programs. It deals with access to the application without a user interface through collective form of software function and procedures. It is a testing software that checks if the functionality, reliability, performance, security are met, ensuring that the desires of the applications and developers are met beforehand. API software is less time consuming than that of GUI testing. 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.
Market Drivers:
• Businesses adopting open API strategies
• Adoption of agile practices for software development
• Complexities in the IT sector and the need for testing the performance, drive the market for this demand
• Implementation of modern techniques of agile and DevOps practices for software development, requires the adoption of modern testing methods thereby driving the demand for API testing
Market Restraints:
• Data regulations and policies
• Problems relating to safety and privacy of data hinder the growth of this market
Market Segmentation:
On the basis of deployment model, global API testing market is further segmented into on-premises, and cloud.
The global API testing market is segmented on the basis of component into 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, the global API testing market is segmented into IT and telecommunication banking, financial services, and insurance, retail and ecommerce, media and entertainment, healthcare, manufacturing, government, and others.
On the basis of geography, global API testing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product/Service Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Key Insights in the report:
• Historical and current market size and projection up to 2025.
• Market trends impacting the growth of the Global API Testing Market.
• Analyze and forecast API Testing Market on the basis of type, application, raw material
• Trends of key regional and country-level markets for type, application, raw material
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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