The API testing market consists of the API testing tools and services which are offered to facilitate continuous delivery of the software as the software development and test teams strive to shift left the software testing capabilities. API testing is adopted as an efficient QA strategy, as the businesses move toward DevOps and Agile practices for software development. This allows the quality teams to focus on quality from the beginning of the software development lifecycle. The global API testing market is segmented on the basis of component, deployment type, vertical, and region. By component, the market is broadly segmented into API testing software/tools and API testing services. The deployment type segment is further divided into cloud-based and on-premises solutions. Based on different industry verticals, the market is segmented into Information Technology (IT), BFSI, retail & e-commerce, healthcare, manufacturing, government, and others. MarketsandMarkets forecasts the global API testing market to grow from USD 447.4 Million in 2017 to USD 1,099.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.69%. Adoption of Agile and DevOps practices for software development and open API strategies adopted by businesses are some of the major driving factors of the API testing market.
Key players in the global API testing market include 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). These players have adopted various strategies, such as partnerships, agreements, mergers and acquisitions, and new product developments to achieve growth in the global API testing market.
SmartBear Software has unveiled its API testing solutions to its commercial clients. The company’s strategic intent lies in acquisitions and partnerships. In the last 3 years, the company has been involved in forming major partnerships and acquiring companies0, to leverage its product portfolio and expand its businesses. From 2016 to 2017, the company has acquired and partnered with Wipro, Revolution IT, Cigniti Technologies, TechArcis Solutions, and others. The company has strategically focused on expanding its geographic reach. For instance, in July 2017, SmartBear opened a new APAC headquarters in Melbourne, Australia, and expanded its EMEA headquarters in Galway, Ireland, in March 2017.
CA Technologies is one of the prominent service providers of the API testing services. The company has global presence and generate about 64% of its revenues from the US alone. It addresses various industry verticals, such as financial services, healthcare, manufacturing & automotive, public sector, retail, service providers, and telecom. The company empowers its customers to leverage on its flexible platform and gain momentum on their testing services. In June 2016, the company launched an edition on Automation Continuous Delivery to enable development teams to automate virtual services and API tests needed to support the quick development of composite applications and micro services. CA focuses on strengthening its position in the API testing market with partnerships and acquisitions.
API Testing Market by Component (API Testing Software/Tools and API Testing Services), Deployment Type (Cloud Based and On-Premises), Vertical, and Region - Global forecast to 2022
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