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TechSci Research's report on the Global API Testing Market was valued at USD 3.62 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 11.47% through 2029. APIs are instrumental in enabling communication between different software components, and as organizations aim to deliver innovative and high-quality software products, the demand for API testing solutions is rising.
The Global API Testing Market is analyzed in this report with segmentation into several key categories, alongside detailed industry trends. Components include API Testing Tools/ Software and API Testing Services. Deployment types cover On-Premises and Cloud-Based solutions. End-users span IT & Telecommunications, BFSI, E-commerce, Healthcare, Manufacturing, Government, and others. Geographically, the market is segmented into regions such as North America (including the United States, Canada, and Mexico), Europe (France, the United Kingdom, Italy, Germany, Spain, Netherlands, and Belgium), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, and Malaysia), South America (Brazil, Argentina, Colombia, and Chile), and the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Turkey).
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In terms of end-users, the IT & Telecommunications segment is projected to dominate the market throughout the forecast period. This sector deals with sensitive customer data, necessitating robust API testing to identify and mitigate security vulnerabilities within APIs. With the adoption of next-generation technologies such as 5G, edge computing, and IoT, API testing becomes instrumental in ensuring the seamless integration of these technologies into existing infrastructure.
The adoption of microservices architecture globally is leading to a growing need for API testing to ensure seamless communication and integration between these microservices. With microservices, applications are composed of smaller, independently deployable services, making API testing crucial in validating the interactions between them and ensuring overall system reliability.
Cloud-based API testing is expected to dominate the market due to its alignment with automation and Continuous Integration/Continuous Delivery (CI/CD) principles. It seamlessly integrates with CI/CD pipelines, allowing organizations to automate the testing process within their development workflows, thereby accelerating the software development lifecycle. Cloud service providers invest heavily in security measures and compliance certifications, enhancing the overall security posture of cloud-based API testing solutions.
Key market players in the Global API Testing Market are:-
- Astegic Inc.
- Axway
- Cigniti Technologies
- Cygnet Infotech
- IBM
- Inflectra Corporation
- LogiGear Corporation
- Micro Focus
- Oracle
- QualityLogic
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The Asia-Pacific region is expected to emerge as the dominant force in the global API testing market, with North America, particularly the United States, being a mature market with a well-established software development ecosystem.
The report, "API Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast," provides comprehensive insights into the market, intending to help decision-makers make informed investment decisions. It identifies and analyzes emerging trends, drivers, challenges, and opportunities in the Global API Testing Market.
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