Application Programming Interface (API) Testing Market to Observe Prominent Growth of USD 4,733.73 Million by 2030, Size, Share, Trends, Demand, Growth and Competitive Analysis

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

| Source: Data Bridge Market Research Data Bridge Market Research

BERLIN, April 27, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Application Programming Interface (API) Testing Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. The finest Application Programming Interface (API) Testing market report performs systematic gathering, recording, and analysis of data about the issues related to the marketing of goods and services and serves businesses with an excellent market research report. The report provides intelligent solutions to complex business challenges and commences an effortless decision-making process. The report analyses and evaluates the important industry trends, market size, market share estimates, and sales volume with which Application Programming Interface (API) Testing industry can speculate the strategies to increase return on investment (ROI). In the winning Application Programming Interface (API) Testing market document, the statistics have been represented in a graphical format for an unambiguous understanding of facts and figures.

The excellent Application Programming Interface (API) Testing report presents a comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the Application Programming Interface (API) Testing industry. All the market insights of the report are structured on a worldwide, regional and country basis. Also, this industry report contains top to bottom analysis and estimation of various market-related factors that are incredibly crucial for better decision-making. This market research report is framed with the most excellent and sophisticated tools of collecting, recording, estimating, and analyzing market data. Expert solutions combined with potential capabilities prepare Application Programming Interface (API) Testing market report to be outperforming the Application Programming Interface (API) Testing industry.

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.

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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 e-commerce, IT and telecommunication, media and entertainment, healthcare, manufacturing and government.

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.

Fundamental Aim of Application Programming Interface (API) Testing Market Report

In the Application Programming Interface (API) Testing market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.

  • The size and growth rate of the Application Programming Interface (API) Testing market is shaped by various factors.
  • Significant changes are expected to occur in the Application Programming Interface (API) Testing market in the near future.
  • The global Application Programming Interface (API) Testing market has notable competitors vying for market share.
  • The Future Scope and Product Outlook of the Application Programming Interface (API) Testing Market are worth noting.
  • Emerging markets show promise for the future of the Application Programming Interface (API) Testing market.
  • The Application Programming Interface (API) Testing market poses difficult challenges and threats for companies operating within it.
  • Discover sales data and profiles of the world's top players in the Application Programming Interface (API) Testing market.

The Application Programming Interface (API) Testing Market is dominated by prominent firms like

  • 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.)

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 the 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. 

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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.

A comprehensive analysis will be provided covering the following points in the report:

  • Executive Market Summary
  • Key Finding and Recommendations
  • Growth and Investment Opportunities
  • Application Programming Interface (API) Testing Market Value Chain/Supply Chain Analysis
  • Application Programming Interface (API) Testing Market Attractive Investment Proposition
  • Competitive Landscape and SWOT Analysis
  • Application Programming Interface (API) Testing Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Players

Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global Application Programming Interface (API) Testing market over the period. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Key Growth 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.

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Key Market Segments Covered in Application Programming Interface (API) Testing Industry Research

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 countries covered in the application programming interface (API) testing market report are the 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.

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Global Application Programming Interface (API) Testing Market: Regulations
  6. Market Overview
  7. Global Application Programming Interface (API) Testing Market, By Deployment Model
  8. Global Application Programming Interface (API) Testing Market, By Component
  9. Global Application Programming Interface (API) Testing Market, By Vertical
  10. Global Application Programming Interface (API) Testing Market, By Organization Size
  11. Global Application Programming Interface (API) Testing Market, By Region
  12. Global Application Programming Interface (API) Testing Market: Company Landscape
  13. SWOT Analyses
  14. Company Profile
  15. Questionnaires
  16. Related Reports

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Explore More Reports:

  • Telecom Application Programming Interface (API) Market, By Type (Presence Detection Data, Location Determination Data, Service Configuration Management (SCM), Subscriber Data Management (SDM)), Type of API (SMS, MMS and RCS API, IVR/Voice Store and Voice Control API, Payment API, Web RTC API, ID/SSO and Subscriber API, Location API, MM and IoT API, Content Delivery API, Others), User (Enterprise Developer, Internal Developer, Partner Developer, Long Tail Developer), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-telecom-api-market
  • Application Programming Interfaces (API) Management Market, By Component (Solution And Services), Deployment Type (On-Premises And Cloud), Organization Size (Small And Medium Enterprises And Large Enterprises), Industry (Banking, financial Services And Insurance, IT And Telecom, Government, Healthcare And Life Sciences, Retail And Consumer Goods, Media And Entertainment, Travel And Transportation, And Manufacturing), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-api-management-market
  • Cloud Application Programming Interface (API) Market, By Type (PaaS Cloud APIs, SaaS Cloud APIs, IaaS Cloud APIs, Cross-platform Cloud APIs), Enterprise Size (Cloud APIs for Small and Medium Enterprises (SMEs), Cloud APIs for Large Enterprises), Industry (Cloud APIs for BFSI, Cloud APIs for IT and Telecom, Cloud APIs for Education, Cloud APIs for Media and Entertainment, Cloud APIs for Manufacturing, Cloud APIs for Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-cloud-api-market
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