SmartBear: A Visionary in the 2023 Gartner® Magic Quadrant™

  October 16, 2023

We are excited to announce SmartBear has been named a Visionary in the 2023 Magic Quadrant by Gartner for API Management. A Magic Quadrant is a tool that provides a graphical competitive positioning of technology providers to help you make smart investment decisions. The evaluation was based on specific criteria that analyzed the company’s overall completeness of vision and ability to execute. We believe this recognition is a testament to SmartBear's dedication to delivering industry-leading solutions for developers and organizations.

Visionary in API Management

Gartner Magic Quadrant research methodology provides a graphical competitive positioning of four types of technology providers in fast-growing markets: Leaders, Visionaries, Niche Players and Challengers. SmartBear recognized as a Visionary due to our ability to execute and completeness of vision, with a particular focus on internal API management. We feel this recognition reinforces our commitment to staying ahead of market trends, continuously innovating, and adapting to meet the evolving needs of our customers.

Expanding our API Portfolio

In 2023, we showcased our commitment to innovation by significantly expanding our API product portfolio. We introduced two API-first solutions, SwaggerHub Explore for API exploratory testing, and SwaggerHub Portal, addressing the needs of both developers and consumers. The rapid adoption of SwaggerHub Explore by nearly 25,000 users demonstrates the strong resonance our solutions have found within the developer community.

Our comprehensive API product lineup encompasses SwaggerHub for design and development, ReadyAPI for extensive API testing, security, performance testing, and virtualization, PactFlow for conducting contract tests on APIs and microservices, and AlertSite for robust monitoring capabilities. These offerings span the entire API development lifecycle, empowering development teams to efficiently build, test, and monitor APIs.

What’s Next

We understand the complexity and diversity of modern API ecosystems, and we firmly believe that the API management market is rapidly moving away from a single-gateway approach. We believe, SmartBear's recognition as a Visionary in the Gartner Magic Quadrant validates our multi-gateway API strategy and motivates us to continue innovating to help our customers navigate the evolving API landscape. Our commitment to multi-gateway initiatives will remain at the core of our strategies in the coming year, ensuring we provide the most effective solutions for our customers.

For a comprehensive look at the 2023 Gartner Magic Quadrant report, you can access it here.

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