API Testing Market is expected to grow at a CAGR of 11.47% through 2029
API Testing Market is expected to grow owing to proliferation of APIs in the digital landscape, and Increasing Adoption of Agile and DevOps Methodologies throughout the forecast period
According
to TechSci Research report, “API
Testing Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2019-2029”, 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. The global upsurge in software development activities across diverse industries drives growth in the API Testing Market. APIs are pivotal in facilitating communication among various software components as organizations endeavor to deliver innovative and high-quality software products. API testing guarantees these interfaces perform as intended, ensuring dependable and smooth-running software applications. The adoption of microservices architecture is expanding worldwide as organizations pursue more scalable and adaptable solutions. With microservices, applications are structured into smaller, independently deployable services. API testing becomes essential in verifying seamless communication and integration among these microservices. As organizations increasingly adopt microservices, there is a growing demand for API testing solutions that can efficiently validate interactions between microservices, thereby ensuring the overall reliability of systems.
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API Testing Market"
Based
on end-user, the IT & Telecommunications dominated the market in 2023. The IT & Telecommunications
industry deals with sensitive customer data, making security a top priority.
API testing is critical in identifying and mitigating security vulnerabilities
within APIs. Telecom companies need to ensure that APIs are secure, adhering to
industry regulations and compliance standards. As cyber threats continue to
evolve, API testing tools within this sector must be equipped to handle
sophisticated security scenarios, including encryption, authentication, and
authorization, to safeguard customer information and maintain regulatory
compliance. The IT & Telecommunications segment is at the forefront of
adopting next-generation technologies such as 5G, edge computing, and Internet
of Things (IoT). API testing becomes instrumental in ensuring the seamless
integration of these technologies into existing infrastructure.
Telecom
companies rely on APIs to enable communication between IoT devices, manage edge
computing resources, and deliver high-speed data services through 5G networks.
API testing tools in this context must be adaptable to the unique requirements
of these emerging technologies. Many IT & Telecommunications organizations
are undergoing digital transformation initiatives, including the migration of
infrastructure to cloud environments. Cloud-based API testing solutions align
with this trend, providing the flexibility and scalability required to test APIs
in cloud-based telecom services. As telecom companies leverage the benefits of
cloud infrastructure, API testing tools that integrate seamlessly with cloud
platforms become increasingly valuable. Telecom services involve complex ecosystems with a multitude of interconnected networks, devices, and applications.
API testing is vital to ensure interoperability across this diverse landscape. Telecom companies rely on APIs to facilitate communication between various network elements, billing systems, customer relationship management (CRM) platforms, and other components. API testing helps verify that APIs function seamlessly across different devices, operating systems, and network configurations, ensuring a consistent and reliable user experience for customers. The proliferation of mobile devices and the increasing reliance on mobile applications within the IT & Telecommunications sector necessitate robust API testing strategies.
Telecom companies often provide services through mobile apps that leverage APIs for data exchange and functionality. API testing in the mobile application development context involves validating the APIs that connect these applications with backend services, ensuring optimal performance, security, and a seamless user experience across a variety of mobile devices. API testing tools within this sector
must evolve to meet the specific demands of the telecommunications industry,
ensuring the delivery of reliable and secure software applications and
services.
Key
market players in the Global API Testing Market are:-
- Astegic Inc.
- Axway Inc.
- Cigniti Technologies Limited
- IBM Corporation
- Inflectra Corporation
- LogiGear Corporation
- Open Text Corporation
- Oracle Corporation
- QualityLogic Inc.
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“The
Global API Testing Market in North America is poised to be the dominant region in
the industry. The demand for API testing
solutions in North America is driven by the need to maintain high-quality
software products and accelerate the development lifecycle. As organizations
strive to deliver innovative solutions, API testing becomes integral to
ensuring the reliability and performance of interconnected software components”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“API
Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast
Segmented By Component (API Testing Tools/ Software, API Testing Services), By
Deployment Type (On-Premises and Cloud-Based), By End-User (IT &
Telecommunications, BFSI, E-commerce, Healthcare, Manufacturing, Government and
Others), By Region, and By Competition 2019-2029F” has evaluated the future growth
potential of Global API Testing Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global API Testing Market.
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