The API management market size is expected to grow from USD 4.5 billion in 2022 to USD 13.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period. The increase in SaaS and hybrid deployments is boosting the growth of API management market.
API security solutions to grow at a higher CAGR during the forecast period API security is a way of protecting APIs from external or internal cyberattacks.As APIs are very frequently used and enable access to sensitive software functions and data, they are becoming the main target for hackers and attackers.
API security is a core component of modern web application security. Thus, API security solutions support regulatory compliance, and enhanced API security is necessary to develop, deploy, manage, and operate APIs.
Retail & consumer goods industry vertical to hold second largest market share in 2022 APIs are driving every aspect of retail transformation, from improving customer experiences to store operations.API is a critical technology that enables retailers to transform their IT infrastructure and systems.
It has provided retailers access to their remote customers with services, such as online orders, pick-up, order deliveries through delivery partners, and personalized recommendations while shopping online.
Europe to hold a significant market share of API management market in 2022 Europe is expected to hold the second-largest market share of the API management market.The UK, Germany, France, and the rest of Europe are considered to study the API management market.
The increasing competition among organizations and the growing adoption of digital initiatives are compelling organizations to adopt the API technology. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
The breakup of the profiles of the primary participants as follows: • By Company Type: Tier I: 33%, Tier II: 42%, and Tier III: 25% • By Designation: C-Level: 36%, D-Level: 45%, and Others: 19% • By Region: North America: 42%, Europe: 35%, APAC: 15%, Row: 8%
The report profiles the following key vendors: 1. Google (US) 2. IBM(US) 3. Amazon Web Services (US) 4. Microsoft (US) 5. MuleSoft (US) 6. Akamai Technologies (US) 7. WSO2(US) 8. Broadcom(US) 9. Axway (France) 10. TIBCO Software (US) 11. Oracle (US) 12. Software AG (Germany) 13. Red Hat (US) 14. SAP (Germany) 15. Torry Harris Business Solutions (US) 16. Sensedia(Brazil) 17. Postman (US) 18. Workato (US) 19. Boomi (US) 20. Kong, Inc. (US) 21. Tray.io (US)
Research Coverage The report segments the API management market by component(solutions and services), deployment type(on-premises, cloud), organization size (SMEs, large enterprises), vertical, and regions.The component segment includes solutions and services.
Based on solutions, the market is segmented into API platform, API analytics, and API security.Based on services, the market is categorized into integration & implementation, consulting, support & maintenance, and training & education.
Based on deployment type, the market is segmented into on-premises and cloud.The market is segmented based on organization size as SMEs and large enterprises.
Different Vertical using API management solutions include BFSI, IT & telecom, retail & consumer goods, travel & transportation, government, media & entertainment, healthcare & life sciences, manufacturing and other industry verticals. The geographic analysis of the API management market is spread across five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Key Benefits of Buying the Report The report will help the market leaders/new entrants in the API management market with information on the closest approximations of the revenue numbers for the overall API management market and the subsegments.The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
The global digital transformation market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period, to reach USD 1,548.9 Billion by 2027 from USD 594.5 Billion in 2022. The key elements anticipated to propel the adoption of digital transformation market technology throughout the forecast period are...
The Global Customer Data Platform Market was valued at USD 1.56 billion in 2021 and is expected to register a CAGR of 27.41% over the forecast period (2022 - 2027). Due to the growing demand for analyses of consumer behavior across industries, the market is likely to grow at a higher rate during the forecast period. Moreover, the changing...
High performance computing (HPC) market is expected to grow from USD 36.0 Billion in 2022 to USD 49.9 Billion by 2027, at a CAGR of 6.7%. The market growth can be attributed to several factors, such as the heavy investment in data centers in North America, and Europeregions. Advancements in healthcare systems, healthcare research, and communication...
The bot services market size to grow from USD 1.6 billion in 2022 to USD 6.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 33.2% during the forecast period. Various factors such as initiatives toward the development of self-learning chatbots to deliver a more human-like conversational experience, ability to replace human agents...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Fax Services Market Report The fax services market by revenue is expected to grow at a CAGR of 11.03% during the period 2022–2027. Fax services have evolved significantly over the past two decades, and organizations are still using around...
The data integration market size to grow from USD 11.6 billion in 2021 to USD 19.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. Various factors such as rise in big data technologies and cloud computing technologies, increasing amount of on-cloud data and incapability of traditional data management...
The global data fabric market is projected to reach US$ 2,466.12 million by 2028 from US$ 1,241.04 million in 2021; it is estimated to register a CAGR of 10.3% during 2021–2028. The use of the cloud-based platform is increasing due to the simplification of the deployment time and the reduction in the deployment cost.Further, the internet...
The Asia Pacific content services platform market was valued at USD 3198.48 million in 2020 and is expected to register a CAGR of about 21.46% during the forecast period of 2021 - 2026. nIn the Asia Pacific region, the market studied is anticipated to witness rapid growth, owing to increasing data traffic and rapidly growing data and information...
The global digital transformation market was valued at USD 998.99 billion in 2020 and is expected to reach a value of USD 2744.68 billion by 2026, at a CAGR of 17.42% during the forecast period of 2021-2026. Key Highlights With the advent of industry 4.0 in the manufacturing industry, various plants are adopting...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.