API Management Market to Experience Strong Growth during 2022-2029

API Management Market was valued at US$ 4.31 Bn. in 2021 and is expected to reach US$ 10.15 Bn. by 2029, at a CAGR of 11.3% during a forecast period.

API Management Market Overview:

Customer and developer expectations are forcing corporate IT to adopt innovative ways to meet the demands of a varied set of users and experiences. Application programming interfaces (APIs) come into play here. They serve as the cornerstone for digital businesses, allowing app developers to construct apps that cater to the demands of a certain customer group. APIs are not new in many sectors, but with the growth of apps and experiences required in the digital world, as well as new customer-centric IT organizations, enterprises across industries need better API management solutions than ever before. API administration allows businesses to develop, administer, protect, analyze, and scale APIs. Market trends are now influencing API development methodologies. Organizations understand the value of software in terms of growth and agility. API management platforms with low code can help with effective deployment and optimization of API management solutions. Low code API management systems improve platform security and lower the likelihood of cyberattacks. It also gives executives technical insight into API lifecycle management, giving them additional control and visibility over API development. Low-code platforms may help companies of all sizes, including large corporations and small and medium-sized businesses. Some of the leading key players in the global API management market include IBM, Google, and Microsoft. They are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures, and partnerships for the growth of their market shares. Global API Management To know about the Research Methodology :- Request Free Sample Report COVID-19 Impact on API Management Market: Due to the tight enforcement implemented by various governments to contain COVID spreading, the global API Management market has seen a reduction in sales/solutions. Because people had no choice but to stay indoors, sales of services and solutions had plummeted. The limits enforced by many countries to contain COVID halted manufacturing, causing disruption throughout the industry's supply chain and affecting the API market as well. However, the world markets are gradually opening up to their full potential, and demand for solutions and services is increasing.

API Management Market Dynamics:

The growing demand for APIs to support digital transformation has aided industry expansion tremendously. Customers' behaviors have changed as a result of increased connectedness via smartphones and social media, and this is the market's driving element. API management entails centralizing API programming control, which includes analytics, access control, adaptability, and engineer work procedures. Red Hat 3scale API Management, for example, provides adaptability, consistency, speed, and quality. API Management also includes rate restrictions, access control, and usage strategies as standard features. Data security, legacy SOA investments and performance monitoring by qualified professionals are projected to be major roadblocks to the market reaching its full potential. Digital transformation, system integrators, and SOA & PaaS integrations are just a few of the new prospects for API management companies around the world. Poor API security and governance, on the other hand, may stifle the market's growth. The API Management Market is primarily being driven by an increase in popularity for API-driven availability. Furthermore, firms all around the world are implementing strategies to deal with their application programmer interface in order to respond swiftly to changes in client requirements. This is the primary factor that is projected to drive the growth of the global API board market. Through API Management, organizations across several business verticals are focusing on providing improved available or out-of-store insight, as well as altered suggestions, item backing, and offers based on the gender, location, and behavior of the client. These are the most important factors to consider in order to propel the global API Management Market forward. Nonetheless, a shortage of expertise required for establishing and implementing API executive arrangements is a challenging issue that could stymie the global API Management Market's growth. In reality, a low-code platform for API development is expected to open up a lot of doors for this market.

API Management Market segment analysis:

Based on components, the solution segment held the largest market share of xx% in 2021. Businesses must disclose more data through APIs to create rich, personalized app experiences for internal users, customers, and partners, as the number of apps and smart devices required in the digital world grows exponentially. All sectors require a sophisticated life cycle API management solution that allows them to track the success of their API-driven enterprises. The API management market is divided into three segments: API platform, API analytics, and API security. API management solutions are in high demand because enterprises need to seamlessly link their systems and components with apps and devices. Based on deployment type, the cloud segment held the largest market share of xx% in 2021. Cloud-based services save overall expenses while allowing for more flexible and scalable solution access. API management solutions on the cloud are being used by businesses to improve mobility and speed up the API development cycle. The security of APIs is higher in on-premises deployments; but, enterprises can save money on the solution, storage, and technical staff by using a cloud-based API management solution. Many vendors are transitioning from on-premises deployment to SaaS-based software because of these benefits. Based on end-user, BFSI, IT and telecom, retail and travel, commodity, transportation, government, media & entertainment, healthcare & life sciences, manufacturing, and others are among the API management market's industry verticals. The BFSI industry vertical is expected to have the largest market size, as businesses in this vertical are using API management solutions to establish a lean, flexible, and efficient approach to their digital operations in banking, insurance, trading, capital markets, and payments. API Management Market

API Management Market Regional Insight:

The North America region held the largest market share of xx% in 2021. Cloud, IoT, mobility, big data, analytics, and digital transformation have the highest adoption rates in the North American region. The presence of a large number of API management solution manufacturers, ongoing technological improvements, and the availability of skilled technical experience are all contributing to the market's growth in North America. Because organizations in the APAC region are embracing APIs to enhance the necessary aspects for success in the application economy, APAC is likely to create lucrative prospects for API management vendors. However, in some locations, a scarcity of trained developers for creating and implementing API management solutions may limit the market's growth. With various changes in production and employment patterns in ICTs in the European region, Germany dominates the Europe API management industry, which is expected to grow at a stable rate. Individual API management market affecting variables and changes in domestic regulation is also discussed in the global portion of the research, which have an impact on the market's current and future developments. Downstream and upstream value chain analysis, technological trends and Porter's five forces analysis, and case studies are only a few of the data sources used to anticipate the market scenario for different countries. The presence and availability of European brands, as well as the hurdles they confront due to strong or scarce competition from local and domestic brands, the influence of domestic tariffs, and trade routes, are all taken into account when offering forecast analysis of the nation data. The objective of the report is to present a comprehensive analysis of the API Management market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the API Management market dynamics, structure by analyzing the market segments and projects the API Management market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the API Management market make the report investor’s guide.

API Management Market Scope: Inquire before buying

Global API Management Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.31 Bn.
Forecast Period 2022 to 2029 CAGR: 11.3% Market Size in 2029: US $ 10.15 Bn.
Segments Covered: by Component • Solution o API Platform o API Portal o API Gateway o API Administration o API Monetization o API Analytics • Services o Integration and Implementation o Consulting o Support and Maintenance o Training and Education
by Deployment Type • On-Premises • Cloud
by Organization size • Small and Medium Enterprises • Large Enterprises
by Industry • BFSI • IT and Telecom • Government • Healthcare and Life Sciences • Retail and Consumer Goods • Media and Entertainment • Travel and Transportation • Manufacturing • Others

API Management Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

API Management Market Key Players

• Axway • CA Technologies • Google • IBM • Microsoft • MuleSoft • Oracle • Red Hat • SAP • Software AG • TIBCO Software • Amazon Web Services • Dell Boomi • Kony • Osaango • Postman • Rogue Wave Software • Sensedia • Torry Harris Business Solutions • Tyk • WSOT • Layer7 • SOA, Microservices Frequently Asked Questions: 1. Which region has the largest share in API Management Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of API Management Market? Ans: The API Management Market is growing at a CAGR of 11.3 % during forecasting period 2021-2029. 3. What segments are covered in API Management market? Ans: API Management Market is segmented into component, organization size, enterprise size, industry and region. 4. Who are the key players in API Management market? Ans: The important key players in the API Management Market are – Axway, CA Technologies, Google, IBM, Microsoft, MuleSoft, Oracle, Red Hat, SAP, Software AG, TIBCO Software, Amazon Web Services, Dell Boomi, Kony, Osaango, Postman, Rogue Wave Software. 5. What is the study period of this market? Ans: The API Management Market is studied from 2022 to 2029.
1. Global API Management Market: Research Methodology 2. Global API Management Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global API Management Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global API Management Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global API Management Market Segmentation 4.1. Global API Management Market, by Component (2021-2029) • Solution o API Platform o API Portal o API Gateway o API Administration o API Monetization o API Analytics • Services o Integration and Implementation o Consulting o Support and Maintenance o Training and Education 4.2. Global API Management Market, by Deployment Type (2021-2029) • On-Premises • Cloud 4.3. Global API Management Market, by Organization size (2021-2029) • Small and Medium Enterprises • Large Enterprises 4.4. Global API Management Market, by Industry (2021-2029) • BFSI • IT and Telecom • Government • Healthcare and Life Sciences • Retail and Consumer Goods • Media and Entertainment • Travel and Transportation • Manufacturing • Others 5. North America API Management Market(2021-2029) 5.1. North America API Management Market, by Component (2021-2029) • Solution o API Platform o API Portal o API Gateway o API Administration o API Monetization o API Analytics • Services o Integration and Implementation o Consulting o Support and Maintenance o Training and Education 5.2. North America API Management Market, by Deployment Type (2021-2029) • On-Premises • Cloud 5.3. North America API Management Market, by Organization size (2021-2029) • Small and Medium Enterprises • Large Enterprises 5.4. North America API Management Market, by Industry (2021-2029) • BFSI • IT and Telecom • Government • Healthcare and Life Sciences • Retail and Consumer Goods • Media and Entertainment • Travel and Transportation • Manufacturing • Others 5.5. North America API Management Market, by Country (2021-2029) • United States • Canada • Mexico 6. European API Management Market (2021-2029) 6.1. European API Management Market, by Component (2021-2029) 6.2. European API Management Market, by Deployment Type (2021-2029) 6.3. European API Management Market, by Organization size (2021-2029) 6.4. European API Management Market, by Industry (2021-2029) 6.5. European API Management Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific API Management Market (2021-2029) 7.1. Asia Pacific API Management Market, by Component (2021-2029) 7.2. Asia Pacific API Management Market, by Deployment Type (2021-2029) 7.3. Asia Pacific API Management Market, by Organization size (2021-2029) 7.4. Asia Pacific API Management Market, by Industry (2021-2029) 7.5. Asia Pacific API Management Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa API Management Market (2021-2029) 8.1. Middle East and Africa API Management Market, by Component (2021-2029) 8.2. Middle East and Africa API Management Market, by Deployment Type (2021-2029) 8.3. Middle East and Africa API Management Market, by Organization size (2021-2029) 8.4. Middle East and Africa API Management Market, by Industry (2021-2029) 8.5. Middle East and Africa API Management Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America API Management Market (2021-2029) 9.1. Latin America API Management Market, by Component (2021-2029) 9.2. Latin America API Management Market, by Deployment Type (2021-2029) 9.3. Latin America API Management Market, by Organization size (2021-2029) 9.4. Latin America API Management Market, by Industry (2021-2029) 9.5. Latin America API Management Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Axway 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. CA Technologies 10.3. Google 10.4. IBM 10.5. Microsoft 10.6. MuleSoft 10.7. Oracle 10.8. Red Hat 10.9. SAP 10.10. Software AG 10.11. TIBCO Software 10.12. Amazon Web Services 10.13. Dell Boomi 10.14. Kony 10.15. Osaango 10.16. Postman 10.17. Rogue Wave Software 10.18. Sensedia 10.19. Torry Harris Business Solutions 10.20. Tyk 10.21. WSOT 10.22. Layer7 10.23. SOA, Microservices

About This Report

Report ID 28013
Category Information Technology & Telecommunication
Published Date March 2019
Updated Date Aug 2022
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