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API Testing Market by Component, Deployment Type, Vertical And Region - Global Forecast to 2022

API Testing Market: Global Forecast until 2022

  • September 2017
  • 126 pages
  • ID: 5101833
In this report:
The market size of the IT and Telecommunication vertical is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at the highest CAGR of ##.##% during the forecast period.
North America is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##%, as this region is at the forefront of the adoption of such APIs that enable businesses to create value by offering their APIs to the external businesses.

Summary

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"Adoption of Agile and DevOps practices for software development is driving the API testing market"

The overall API testing market size is forecasted to grow from $447.40M in 2017 to $1099.10B by 2022, at a CAGR of ~19.7 percent. Adoption of Agile and DevOps practices for software development and open API strategies by businesses are some of the driving factors of the API testing market. Nevertheless, data policies and regulations about API testing is one of the restraining factors that may hamper business critical functions in the API testing market.

"The API testing services segment is expected to grow at the highest level rate in the API testing market during the outlook period"

The API testing services segment is the quickest increasing market segment that helps in driving the API testing market during the estimate period. The rise in the API testing services segment is anticipated to be driven by the increasing significance of partnerships between the software development teams and the Quality Assurance services or an offshore QA teams. The API testing tools/software segment is envisaged to hold the biggest part of market share in the API testing software market during the outlook period.

"On-Premises deployment is planned to hold the largest portion of market share in the API testing market during the estimate period"

The API testing on-premises deployment model is intended to hold the largest part of market share during the outlook period. This is due to businesses refraining from adopting cloud-based platforms to test their APIs, as exposing the public and internal APIs to cloud platform implies high data security risks. The cloud-based deployment type is forecasted to have the maximum growth rate in the API testing market during the estimate period.

"Asia-Pac is anticipated to rise at the maximal rate during the outlook period"

Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period, as the territory has the presence of creditable organizations that are gradually enabling the embracement of advance technologies. In Japan (JP), China (CN), and India (IN), the adoption of API testing solutions has primarily been gaining opposing advantage over the others, to enable the continuous delivery of software development. North America (NA) is forecasted to hold the biggest market share in the API testing market during the outlook period.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The breakup of profiles of primary members taking part is presented below:

• By Organization: Tier 1: 27.0 percent, Tier 2: 31.0 percent, and Tier 3: 42.0 percent

• By Description: C-suite: 35.0 percent, D-level: 40.0 percent, and Others: 25.0 percent

• By Area: North America continent: 42.0 percent, Europe (EU) :34.0 percent, and Asia-Pac: 24.0 percent

Segment Research

The API testing market has been split on the basis of component, deployment type, vertical, and area. An in-depth study of the top industry actors has been done to furnish key aspects into their sector overview, products and services, top strategies, recent product launches, alliances, strategic agreements, collaborations, business developments, and opposing landscape combined with the API testing market.

Reasons to Buy the Report

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the API testing market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments across different areas.

• The report benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

• this business report will facilitate partners to better find out the players and obtain additional insights to enhance their rank in the business sector. The competitive outlook section includes competitive ecosystem, new industry product developments, alliances, and mergers & acquisitions.

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