The API testing market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. Rising adoption of open API strategies by various business enterprises is significantly driving the growth of API testing market worldwide. Furthermore, rising investment in software development is also fueling the demand for API testing for R&D purposes. Advancement in technologies such as IoT, artificial learning (AI), and machine-learning technologies will further contribute to the growth of API testing market during the projected period. However, stringent data regulations and policies across the globe is hindering the growth of API testing market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the API testing value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the API testing market.
Major industry players profiled as part of the report are IBM, Micro Focus, SmartBear Software, Parasoft, Tricentis GmbH, CA Technologies, Infosys, Oracle, QualityLogic and Runscope.
The API testing market is segmented by offering, deployment model, end-user industry and geography.
By Deployment Model
By End-User Industry
Communication and Technology
Media and Entertainment
Middle East and Africa
Key Questions answered by the report
What is the API testing market size from 2018 to 2023?
How are the major drivers and restraints affecting the API testing market and the opportunities which exist for the key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants behaviour
Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.