API Testing Market 2020 | Industry, Size, Share, Application, Demands, Growth, Trends Analysis and Forecast Till 2028

API Testing Market
The research report on Application programming interface (API) testing market studies current trends, market financial overview and historical data evaluation based on research insights and market dynamics of API Testing market. Global API Testing market is thoroughly examined based on global market share, size and revenue projections, calculated by current market performance including drivers, trends, and challenges. The report also includes developments by important companies and manufacturers in the market.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Oracle Corporation
2) Astegic
3) Axway
4) Bleum
5) CA Technologies
6) Cigniti Technologies
7) Cygnet Infotech
8) IBM
9) Inflectra Corporation
10) Infosys
11) Load Impact
12) LogiGear Corporation
13) Micro Focus
14) Nevatech
15) OSG technologies
16) Quality Logic

An application programming interface (API) is a combination of protocols, tools, and subroutines that are used to build software and applications. API can also be known as a code that enables the communication between software programs. API testing involves evaluating application programming interfaces (APIs) directly and as part of integration testing to determine whether they meet functionality, usability, reliability and security requirements. The reason for API testing is to allow an organization to monitor the lifecycle of the interface, and ensure that the necessities of the applications and developers are satisfied beforehand. API testing tools automate and control connections between an application and the API while ensuring consistency between different API versions and implementations. These tools employ security procedures and policies to authorize, authenticate, and manage access to API data. API testing is critical for any organization's API approach as they have strategic significance. API testing software can be created by companies in-house, or it can be purchased from third-party providers.
The API Testing Market is expected to offer high growth due to the increasing demand in recent years for API testing across industry verticals. Growing implementation of demands, such as on-site, cloud-based, and others are expected to drive API testing market growth. This market has witnessed many primary innovations by major companies including Astegic, Cigniti Technologies, Axway, Bleum, CA Technologies, Cygnet Infotech, IBM, Inflectra Corporation and others. With an emphasis on both organic and inorganic growth strategies, developing regions like the Asia Pacific and the Middle East were among the high-potential, markets in some main economies.

The study provides an in-brief analysis of the API testing market considering significant segments. The market by a component is segregate by API testing tools and API testing services. By deployment type, the market is divided into on-premises and cloud-based. Major industry verticals for the market include IT & telecom, retail & e-commerce, BFSI (Banking, Financial Services, and Insurance), media & entertainment, healthcare, manufacturing, government, and others.
API testing market by region is segmented by North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World.

Some of the key Impact Factors:
o Rising demand for API testing across industry verticals
o High advancements in IoT, machine learning, and AI technologies

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Important Development:
o In Nov 2018, Broadcom Inc., a global leader in the production and supply of semiconductors and software solutions, has acquired CA Technologies, leader in the management of APIs and software solutions which consist of Project Portfolio Management, Agile Planning and Requirements, Automation.
o In Jan 2017, Oracle Corporation has announced and acquisition with Apiary as a pioneer in API management, with a focus on helping companies operating in a digitally advanced economy and increasing their APIs. With this acquisition, Oracle will help its consumers handle their whole lifestyle API and offer integrated applications.

North America is projected to hold the largest market share in the API testing market over the forecast period, as API allows businesses across industries to monetize their services by exposing their APIs to the external world. North America is at the forefront of implementing these APIs that allow companies to create value by offering their APIs. During the forecast period, APAC is expected to grow at the highest CAGR, as the region has the presence of creditable organizations that gradually allow the adoption of advance technologies. During the projected time period, Middle East and Eastern Europe are expected to be potential markets with increasing demand. Such major countries include Russia, the UAE, Saudi Arabia, Israel and others.

Market Segmentation:
By Component:
o API Testing Tools
o API Testing Services

By Deployment Type:
o On-Premises
o Cloud-Based

By Industry Vertical:
o IT & Telecom
o BFSI (Banking, Financial Services, and Insurance)
o Retail & E-Commerce
o Media & Entertainment
o Healthcare
o Manufacturing
o Government

By Region:
North America
o By Country (US, Canada, Mexico)
o By Component
o By Deployment Type
o By Industry Vertical

Asia-Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By Deployment Type
o By Industry Vertical

Western Europe
o By Country (Germany, France, UK, Spain, Italy Rest of Western Europe)
o By Component
o By Deployment Type
o By Industry Vertical

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Component
o By Deployment Type
o By Industry Vertical

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By Deployment Type
o By Industry Vertical

Rest of the World
o By Region (Africa, South America)
o By Component
o By Deployment Type
o By Industry Vertical

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This release was published on openPR.