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(Wireless-NewsWire.Com, February 26, 2018 ) Research Cosmos forecasts the API testing market to grow from 447.4 Million in 2017 to USD 1,099.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.69% from 2017 to 2022. Adoption of Agile and DevOps practices for software development and open API strategies by businesses are some of the driving factors of the market.
The objectives of the report are to define, describe, and forecast the API testing market size on the basis of component, deployment type, vertical, and region. Based on the component in market, API testing tools/software is projected to hold the largest market share in the market during the forecast period. The API testing services segment is expected to grow at the highest growth rate during the forecast period, as the businesses turn to QA vendors for their testing requirements.
Browse Market Data Tables and In-Depth TOC of the API Testing Market to 2022 @ https://www.researchcosmos.com/reports/global-api-testing-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/1337868
In the API testing deployment type, the cloud-based solution is expected to grow at the highest CAGR during the forecast period, because cloud-based solution has ease of deployment, reduced cost of ownership, and improved service Testing-as-a-Service (TaaS). The API testing on-premises is expected to have a larger market share during the forecast period. This is due to the businesses refraining from adopting cloud-based platforms to test their APIs, as exposing the public and internal APIs to cloud platform involves high data security risks.
In the API testing market, the BFSI vertical is expected to grow at the highest rate during the forecast period. The Open API movement in the banking industry which exposes a wide range of banking APIs with other businesses is driving the API business in the banking industry.
North America is expected to hold the largest market share in the API testing market during the forecast period, as APIs enable businesses across industries to monetize their services by exposing their APIs to the external world. North America is at the forefront in the adoption of such APIs that enable businesses to create value by offering their APIs. APAC is expected to grow at a highest CAGR during the forecast period, as the region has the presence of creditable organizations that are gradually enabling the adoption of advance technologies.
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The increasing innovative advancement in IoT, AI, and machine learning are benefiting all the stakeholders present in the API testing market. However, data policies and regulations APIs is a restraining factor that may hamper business critical functions in the market.
The major vendors in the API testing market are Astegic (Virginia, US), Axway (Arizona, US), Bleum (Shanghai, China), CA Technologies (New York, US), Cigniti Technologies (Hyderabad, India), Cygnet Infotech (Ahmedabad, India), IBM (New York, US), Inflectra Corporation (Maryland,US), Infosys (Bengaluru, India), Load Impact (Stockholm, Sweden), LogiGear Corporation (California, US), Micro Focus(Formerly HPE) (Berkshire, UK), Nevatech (Georgia, US), Oracle (Apiary) Corporation (California, US), Parasoft Corporation (California, US), QASource (California, US), QSG Technologies (Bengaluru, India), QualityLogic (Idaho, US), SmartBear Software (Massachusetts, US), SendGrid, Inc. (Colorado, US), Sybrant Technologies (Chennai, India), Runscope (California, US), Trantor (California, US), Tricentis (Vienna, Austria), and Vector Software (Rhode Island, US).
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Dani Rodriguez
Research Cosmos
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Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
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