Application Programming Interface (API) Testing Market to Observe Prominent CAGR of 20.40% by 2030, Size, Share, Trends, Growth and Competitive Outlook

PRESS RELEASE
Published November 1, 2023

The newest report from Data Bridge Market Research, “Application Programming Interface (API) Testing Market” examines growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive environment in detail. In order to thrive in the rapidly evolving marketplace, businesses today require innovative and exceptional solutions. The Application Programming Interface (API) Testing Market research report serves as an outstanding resource, offering up-to-date technical and financial insights into the industry until 2030. Clients gain an unparalleled understanding of the best market opportunities within their respective sectors through this comprehensive report. Market segmentation is extensively covered, considering multiple aspects that can greatly assist businesses.

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.

Get a Sample PDF of Application Programming Interface (API) Testing Market Research Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-api-testing-market&Somesh=

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.

  • 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.

Top Leading Key Players of Application Programming Interface (API) Testing Market:

  • 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.

Key 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.

To Gain More Insights into the Market Analysis, Browse Summary of the Application Programming Interface (API) Testing Market Report@ https://www.databridgemarketresearch.com/reports/global-api-testing-market?Somesh=

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, South Africa, Egypt, Israel, 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.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Market Overview
  6. Global Application Programming Interface (API) Testing Market, By Segmentations
  7. Global Application Programming Interface (API) Testing Market, By Region
  8. Global Application Programming Interface (API) Testing Market, Company Landscape
  9. SWOT Analysis
  10. Company Profile
  11. Questionnaire
  12. Related Reports

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-api-testing-market&Somesh=

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