Dublin, Feb. 08, 2021 (GLOBE NEWSWIRE) -- The "Global API Testing Market By Component (API Testing Tools/Software & API Testing Services), By Deployment (On-Premises Vs Cloud-Based), By End Use, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
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
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global API Testing Market
4. Executive Summary
5. Voice of Customer
6. Global API Testing Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component (API Testing Tools/Software & API Testing Services)
6.2.2. By Deployment (On-Premises Vs Cloud-Based)
6.2.3. By End User (IT & Telecommunication, BFSI, Retail & E-Commerce, Media & Entertainment, Health Care, Manufacturing & Others)
6.2.4. By Company (2020)
6.2.5. By Region
6.3. Market Attractiveness Index
7. Asia-Pacific API Testing Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Deployment
7.2.3. By End User
7.2.4. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China API Testing Market Outlook
7.3.2. India API Testing Market Outlook
7.3.3. Australia API Testing Market Outlook
7.3.4. Japan API Testing Market Outlook
7.3.5. South Korea API Testing Market Outlook
8. Europe API Testing Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Deployment
8.2.3. By End User
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. France API Testing Market Outlook
8.3.2. Germany API Testing Market Outlook
8.3.3. United Kingdom API Testing Market Outlook
8.3.4. Italy API Testing Market Outlook
8.3.5. Spain API Testing Market Outlook
9. North America API Testing Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Deployment
9.2.3. By End User
9.2.4. By Country
9.3. North America: Country Analysis
9.3.1. United States API Testing Market Outlook
9.3.2. Mexico API Testing Market Outlook
9.3.3. Canada API Testing Market Outlook
10. South America API Testing Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Deployment
10.2.3. By End User
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil API Testing Market Outlook
10.3.2. Argentina API Testing Market Outlook
10.3.3. Colombia API Testing Market Outlook
11. Middle East and Africa API Testing Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Component
11.2.2. By Deployment
11.2.3. By End User
11.2.4. By Country
11.3. MEA: Country Analysis
11.3.1. South Africa API Testing Market Outlook
11.3.2. Saudi Arabia API Testing Market Outlook
11.3.3. UAE API Testing Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Astegic Inc.
14.2. Axway Inc,
14.3. CA Technologies Inc.
14.4. Cigniti Technologies Limited
14.5. Cygnet Infotech Pvt. Limited
14.6. IBM Corp.
14.7. Inflectra Corporation
14.8. Infosys Limited
14.9. LogiGear Corporation
14.10. Micro Focus International PLC
14.11. Nevatech, Inc.
14.12. Oracle (Apiary) Corporation
14.13. Parasoft Corporation
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/jet90q