The global API management market size was valued at USD 16,900 million in 2018 and expected to grow at a significant CAGR 6.9% during the forecast period 2019-2025. Application Programming Interfaces (APIs) are a set of tools, and protocols used to develop software applications. APIs are considered as the intermediate of communication code and software programs and enable in monitoring the data of the application. The API management services enable to design, deploy and manage API easily. The API tools facilitate the integration and transformation of API. The API management services include documentation, analytics and statistics, developer engagement, security, and monetization. The major players providing API management platforms such as Azure API management, SnapLogic Enterprise Integration Cloud, Google Cloud Endpoints, AWS CloudTrail, RepreZen API Studio, Oracle API Manager, SAP Cloud platform and Dell Boomi. The platform enables companies to secure, manage, analyze in various sectors and increase in demand enables to expand API programs.
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Although, the lack of API and security issues are the major restraining factors for this market. The service provider faces a huge challenge regarding the security for API management. The APIs as part of a digital security strategy is a new concept for some organizations; the companies are working to overcome API security issue. There is a need to implement strong authentication and authorization for access to connected devices. Additionally, the increasing adoption of IoT enables to expand the API management market, as IoT and big data are necessary to manage API traffic. Further, the API management market is segmented on the basis of solutions, deployment model, services and industries.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global API Management Market – Segmentation
By Solutions
- API Portal
- Security
- Monetization
- API Gateway
- API Analytics
By Deployment Model
- Cloud-Based
- On-Premise
By Services
- Training & Consulting
- Integration
- Support and Maintenance
By Industries
- Healthcare & Life Science
- Banking & Financial Services
- Retail & Manufacturing
- Media & Entertainment
- Government
- Others
Global API Management Market –by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Comprehensive research methodology of the global API management market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global API management market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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