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Data Bridge Market Research has unveiled a new report called “Application Programming Interface (API) Testing Market“ which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Application Programming Interface (API) Testing marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
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 Programming Interface (API) Testing Market
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.
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.
Some Of The Major Players Operating In The Application Programming Interface (API) Testing Market Are:
- 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 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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Application Programming Interface (API) Testing Market Segmentations:
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
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