DUBLIN, October 2, 2017 /PRNewswire/ --

The "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" report has been added to Research and Markets' offering.

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.

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.

Market Dynamics

Drivers

• Adoption of Agile and Devops Practices for Software Development
• Open API Strategies Adopted By Businesses

Restraints

• Data Regulations and Policies

Opportunities

• Advancements in IoT, Ai, and Machine-Learning Technologies
• Government Directives for Open API Strategies in the Banking Industry

Challenges

• Data Security Concerns
• Lack of Awareness

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 API Testing Market Analysis, By Component

7 API Testing Market Analysis, By Deployment Type

8 API Testing Market Analysis, By Vertical

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

• Bleum
• CA Technologies
• Cigniti
• IBM
• Infosys
• Micro Focus (Formerly Hpe Software)
• Oracle
• Parasoft
• Qualitylogic
• Runscope
• Smartbear Software
• Tricentis

For more information about this report visit https://www.researchandmarkets.com/research/stbn9b/api_testing

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SOURCE Research and Markets