Global Industry Analysts Predicts the World API Testing Market to Reach $1.8 Billion by 2026

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Aug 31, 2021, 08:10 ET

SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "API Testing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 19583
Companies: 44 - Players covered include CA Technologies, Inc.; Cigniti Technologies Ltd.; IBM Corporation; Infosys Ltd.; Micro Focus International PLC; Oracle Corporation; Parasoft; QualityLogic Inc.; Runscope, a part of CA Technologies; SmartBear Software, Inc.; Tricentis GmbH and Others.
Coverage: All major geographies and key segments
Segments: Component (API Testing Tools/Software, API Testing Services); Deployment (On-Premises, Cloud)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global API Testing Market to Reach $1.8 Billion by 2026
Amid the COVID-19 crisis, the global market for API Testing estimated at US$641.6 Million in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2026, growing at a CAGR of 18.7% over the analysis period. API Testing Tools/Software, one of the segments analyzed in the report, is projected to record a 17.2% CAGR and reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the API Testing Services segment is readjusted to a revised 21.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $204.4 Million in 2021, While China is Forecast to Reach $410.3 Million by 2026
The API Testing market in the U.S. is estimated at US$204.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$410.3 Million by the year 2026 trailing a CAGR of 23.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.6% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.