Global API Testing Market By Component (API Testing Tools/Software & API Testing Services), By Deployment (On-Premises Vs Cloud-Based), By End Use (IT & Telecommunication, BFSI, Retail & E-Commerce, Media & Entertainment, Health Care, Manufacturing & Others), By Company, By Region, Forecast & Opportunities, 2026
New York, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global API Testing Market By Component, By Deployment, By End Use, By Company, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06020700/?utm_source=GNW
The Global API Testing Market is expected to grow at a CAGR of close to 20% during the forecast period.High adoption of API testing strategy by SME and large enterprises is one of the key factors due to which the market is anticipated to rev up during the forecast years.
Moreover, rising implementation of DevOps practices to develop a software is positively impacting the growth of the market during the forecast period.Furthermore, upsurge in the use of artificial intelligence, machine learning and Internet of things technologies is expected to bolster the growth of the market over the next few years.
However, growing concerns pertaining to the security of data might act as major impediment to the growth of the Global API Testing Market in the years to come.
The Global API Testing Market is segmented based on component, deployment, end-user, company, and region.Based on component, the market can be categorized into API testing tools/software & API testing services.
Out of which, the API testing services segment is expected to grow at the highest CAGR during the forecast period which can be attributed to the fact that businesses turn to QA vendors for their testing requirements.
In terms of deployment, the market is fragmented into on premises and cloud based. Among them, the cloud-based solutions segment is estimated to dominate the market in the next five years on account of certain benefit it offers such as ease of deployment, reduced cost of ownership, and improved service Testing-as-a-Service (TaaS).
The major players operating in the API testing market are Astegic, Axway, Bleum, CA Technologies, Cigniti Technologies, Cygnet Infotech, IBM, Inflectra Corporation, Infosys, Load Impact, LogiGear Corporation, Micro Focus, Nevatech, Oracle (Apiary) Corporation, Parasoft Corporation and others. The key market players are adopting some several competitive strategies such as mergers & acquisitions, collaborations, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and estimate the market size of the Global API Testing Market from 2016 to 2019.
• To estimate and forecast the market size of the Global API Testing Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global API Testing Market based on component, deployment, end-user, company and regional distribution.
• To identify dominant region or segment in the Global API Testing Market.
• To identify drivers and challenges for the Global API Testing Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global API Testing Market.
• To conduct pricing analysis for the Global API Testing Market.
• To identify and analyze the profile of leading players operating in the Global API Testing Market.
• To identify key sustainable strategies adopted by market players in the Global API Testing Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers and presence of all major players across the globe.
The analyst calculated the market size of the Global API Testing Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• API testing service provider
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to API testing
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
In this report, the Global API Testing Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global API Testing Market, By Component:
o API Testing Tools/Software
o API Testing Services
• Global API Testing Market, By End-User:
o IT & Telecommunication
o Retail & E-Commerce
o Media & Entertainment
o Health Care
• Global API Testing Market, By Region:
o North America
o Middle East & Africa
o South America
Company Profiles: Detailed analysis of the major companies present in the Global API Testing Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06020700/?utm_source=GNW
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