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API Security Testing Tools Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 141 Pages
SKU # FOB19185774

Description

API Security Testing Tools Market



Growth Factors of API Security Testing Tools Market

The API security testing tools market size was valued at USD 836.4 million in 2023, and the market is now projected to grow from USD 1088.7 million in 2024 to USD 9655.1 million by 2032, exhibiting a CAGR of 31.4% during the forecast period of 2023-2032.

Due to the covid pandemic many companies shut down their prediction units and projects due to hindered travel acquisitions which ultimately created a decline in the API security testing tools market growth. As the companies requires workers and skilled professional to work on projects and to manage the manufacturing of products but due to covid pandemic the working scenario has been hindered to avoid social gathering and follow covid guidelines. Due to covid pandemic, the production and supply chain of the various food industries led to decline which significantly affected the market growth. The government-imposed restrictions on social gathering and outing of peoples, due to which consumers are bound to shift on online mode preferences.

A greater need for API security testing tools across a range of sectors due to increased regulatory scrutiny will augment API security testing tools market growth in the upcoming years. The increasing requirement to communicate and extract data both within and between organizations has made APIs (Application Programming Interfaces) a crucial component of modern software infrastructure. As a result, the use of APIs has increased due to the digital economy. But just as APIs have grown, so have the security vulnerabilities associated with them. Tens of thousands of private customer details and data have been compromised as a result of API-based data breaches. The increase in attacks focused on APIs has led standards and regulatory organizations to propose methods for putting various standards and laws into place to guarantee the security of APIs and the protection of vital data. As a result, security guidelines have been established by several regulatory agencies to encourage attacks.

One of the main market trends is the use of IAST (Interactive Application Security Testing). When an application is evaluated by a human tester or by automated testing, interactive application security testing (IAST) checks the code for security flaws in any action that interacts with the functionality of the application. This approach doesn't slow down the user's continuous integration/continuous deployment (CI/CD) pipeline; instead, it reports identify vulnerabilities in real time.

Comprehensive Analysis of API Security Testing Tools Market

The API security testing tools market and technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the technology benefit management industry. These segmentations are methodically segregated by types of devices and by end users. The deployment types segmentation includes, loud based and on-premises, by enterprise type include large enterprises and small and medium (SMEs). However, the end users include IT & Telecommunications, BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Government and Defense, and others.

In the API security testing tools market, the North America region lead the medical devices market by benefitting a market size of USD 319.3 million in 2023 owing to robust healthcare infrastructure and adoption of advanced medical technologies and rising cases in patients of chronic conditions.

The prominent players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Wallarm Inc. (U.S.), Cequence Security, Inc. (U.S.), 42Crunch Ltd (U.K.), Alphabet Inc. (U.S.), Noname Security (U.S.), Salt Security (U.S.), APIsec (U.S.), Appknox, Xysec Labs (Singapore), Akamai Technologies, Inc. (U.S.), StackHawk Inc. (U.S.), Imperva (Thales) (U.S.) and Synopsys, Inc. (U.S.) these market players provide a level-playing competitive landscape.

In May 2024, Significant improvements have been made to Akamai Technologies, Inc.'s App & API Protector solution, which guards customers against complex application-layer distributed denial-of-service threats. Simple start onboarding, CVE protection catalog, client-side protection & compliance, advanced SOCC services, and online security analytics updates are some of the other features of App & API Protector.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 31.4% from 2024 to 2032

Unit Value (USD Million)

Segmentation By Deployment Mode

- Cloud-Based

- On-Premises

By Enterprise Type

- Large Enterprises

- Small and Medium Enterprises (SMEs)

By End-User

- IT & Telecommunications

- BFSI

- Retail and Consumer Goods

- Healthcare and Life Sciences

- Government and Defense

- Others (Media & Entertainment, Manufacturing)

By Region

- North America (By Deployment Mode, Enterprise Type, End-User, and Country)

- U.S.

- Canada

- Mexico

- South America (By Deployment Mode, Enterprise Type, End-User, and Country)

- Brazil

- Argentina

- Rest of South America

- Europe (By Deployment Mode, Enterprise Type, End-User, and Country)

- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Benelux

- Nordics

- Rest of Europe

- Middle East & Africa (By Deployment Mode, Enterprise Type, End-User, and Country)

- Turkey

- Israel

- GCC

- North Africa

- South Africa

- Rest of the Middle East & Africa

- Asia Pacific (By Deployment Mode, Enterprise Type, End-User, and Country)

- China

- India

- Japan

- South Korea

- ASEAN

- Oceania

- Rest of Asia Pacific


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Table of Contents

141 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of Generative AI
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. API Security Testing Tools Key Players Market Share/Ranking, 2023
5. Global API Security Testing Tools Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Deployment Mode (USD)
5.2.1. Cloud-Based
5.2.2. On-Premises
5.3. By Enterprise Type (USD)
5.3.1. Large Enterprises
5.3.2. Small and Medium Enterprises (SMEs)
5.4. By End-Users (USD)
5.4.1. IT & Telecommunications
5.4.2. BFSI
5.4.3. Retail and Consumer Goods
5.4.4. Healthcare and Life Sciences
5.4.5. Government and Defense
5.4.6. Others (Media & Entertainment, Manufacturing, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. South America
5.5.3. Europe
5.5.4. Middle East & Africa
5.5.5. Asia Pacific
6. North America API Security Testing Tools Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Deployment Mode (USD)
6.2.1. Cloud-Based
6.2.2. On-Premises
6.3. By Enterprise Type (USD)
6.3.1. Large Enterprises
6.3.2. Small and Medium Enterprises (SMEs)
6.4. By End-Users (USD)
6.4.1. IT & Telecommunications
6.4.2. BFSI
6.4.3. Retail and Consumer Goods
6.4.4. Healthcare and Life Sciences
6.4.5. Government and Defense
6.4.6. Others (Media & Entertainment, Manufacturing, etc.)
6.5. By Country (USD)
6.5.1. U.S.
6.5.2. Canada
6.5.3. Mexico
7. South America API Security Testing Tools Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Deployment Mode (USD)
7.2.1. Cloud-Based
7.2.2. On-Premises
7.3. By Enterprise Type (USD)
7.3.1. Large Enterprises
7.3.2. Small and Medium Enterprises (SMEs)
7.4. By End-Users (USD)
7.4.1. IT & Telecommunications
7.4.2. BFSI
7.4.3. Retail and Consumer Goods
7.4.4. Healthcare and Life Sciences
7.4.5. Government and Defense
7.4.6. Others (Media & Entertainment, Manufacturing, etc.)
7.5. By Country (USD)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
8. Europe API Security Testing Tools Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Deployment Mode (USD)
8.2.1. Cloud-Based
8.2.2. On-Premises
8.3. By Enterprise Type (USD)
8.3.1. Large Enterprises
8.3.2. Small and Medium Enterprises (SMEs)
8.4. By End-Users (USD)
8.4.1. IT & Telecommunications
8.4.2. BFSI
8.4.3. Retail and Consumer Goods
8.4.4. Healthcare and Life Sciences
8.4.5. Government and Defense
8.4.6. Others (Media & Entertainment, Manufacturing, etc.)
8.5. By Country (USD)
8.5.1. U.K.
8.5.2. Germany
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Russia
8.5.7. Benelux
8.5.8. Nordics
8.5.9. Rest of Europe
9. Middle East & Africa API Security Testing Tools Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Deployment Mode (USD)
9.2.1. Cloud-Based
9.2.2. On-Premises
9.3. By Enterprise Type (USD)
9.3.1. Large Enterprises
9.3.2. Small and Medium Enterprises (SMEs)
9.4. By End-Users (USD)
9.4.1. IT & Telecommunications
9.4.2. BFSI
9.4.3. Retail and Consumer Goods
9.4.4. Healthcare and Life Sciences
9.4.5. Government and Defense
9.4.6. Others (Media & Entertainment, Manufacturing, etc.)
9.5. By Country (USD)
9.5.1. Turkey
9.5.2. Israel
9.5.3. GCC
9.5.4. North Africa
9.5.5. South Africa
9.5.6. Rest of Middle East & Africa
10. Asia Pacific API Security Testing Tools Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Deployment Mode (USD)
10.2.1. Cloud-Based
10.2.2. On-Premises
10.3. By Enterprise Type (USD)
10.3.1. Large Enterprises
10.3.2. Small and Medium Enterprises (SMEs)
10.4. By End-Users (USD)
10.4.1. IT & Telecommunications
10.4.2. BFSI
10.4.3. Retail and Consumer Goods
10.4.4. Healthcare and Life Sciences
10.4.5. Government and Defense
10.4.6. Others (Media & Entertainment, Manufacturing, etc.)
10.5. By Country (USD)
10.5.1. China
10.5.2. Japan
10.5.3. India
10.5.4. South Korea
10.5.5. ASEAN
10.5.6. Oceania
10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Wallarm Inc.
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. 42Crunch Ltd
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Noname Security
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Cequence Security, Inc.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Salt Security
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. APIsec
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Appknox, Xysec Labs
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Alphabet Inc.
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Akamai Technologies, Inc.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. StackHawk Inc.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
11.11. Imperva (Thales)
11.11.1. Overview
11.11.1.1. Key Management
11.11.1.2. Headquarters
11.11.1.3. Offerings/Business Segments
11.11.2. Key Details (Key details are consolidated data and not product/service specific)
11.11.2.1. Employee Size
11.11.2.2. Past and Current Revenue
11.11.2.3. Geographical Share
11.11.2.4. Business Segment Share
11.11.2.5. Recent Developments
11.12. Synopsys, Inc.
11.12.1. Overview
11.12.1.1. Key Management
11.12.1.2. Headquarters
11.12.1.3. Offerings/Business Segments
11.12.2. Key Details (Key details are consolidated data and not product/service specific)
11.12.2.1. Employee Size
11.12.2.2. Past and Current Revenue
11.12.2.3. Geographical Share
11.12.2.4. Business Segment Share
11.12.2.5. Recent Developments
12. Key Takeaways

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