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Global API Management Market Overview

The Global API Management Market size is expected to grow from USD 2.94 billion in 2023 to USD 31.16 billion by 2032, at a CAGR of 29.9% during the forecast period (2024-2032).

The API management industry has witnessed remarkable growth and transformation in recent years, driven by the proliferation of digital transformation initiatives across various sectors. At its core, API management refers to the process of designing, deploying, and maintaining APIs (Application Programming Interfaces) in a secure and scalable manner to enable seamless communication and interaction between different software applications. APIs have become the backbone of modern digital ecosystems, facilitating integration, innovation, and efficiency in businesses of all sizes.

Key components of API management include API gateway, API lifecycle management, security, analytics, and developer engagement. API gateways act as intermediaries between clients and backend services, ensuring efficient routing, security enforcement, and protocol translation. Lifecycle management involves the entire journey of an API from creation through retirement, ensuring it meets evolving business needs and technical standards. Security measures such as authentication, authorization, encryption, and rate limiting are critical to protect APIs and data from unauthorized access and attacks. Analytics tools provide insights into API usage patterns, performance metrics, and trends, enabling organizations to optimize their API strategies and improve operational efficiency. Developer engagement focuses on fostering a vibrant developer community through documentation, support, and tools that simplify API consumption and integration.

API MANAGEMENT MARKET

Market Dynamics And Factors For API Management Market

Drivers:

The factors such as an increase in demand for modern APIs which is required to connect crucial data with applications and devices, rise in adoption of advanced analytics to explore more knowledge, and its usage are expected to emerge as the significant factors accelerating the growth of application programming interfaces (API) management market. In addition to this, the growing demand for API-led connectivity, and the need for public and private APIs to accelerate digital transformation will further aggravate the growth of the application programming interfaces (API) management market. However, the Limitation to server availability and security-related issues linked to APIs results in a growth restraint for the market.

API security is the first and most important aspect of API management; it is required to safeguard APIs from unauthorized access and threats. More than just authenticating and allowing the user access to the API is required for API security. To secure sensitive data and guarantee that it is not leaked or compromised, standards and rules must be developed. API management tools may assist businesses in defining a consistent set of API security standards. API management may also be utilized to successfully manage and halt traffic to back-end systems.

Restraints:

API management is required high functioning tech team to manage interface and glitches through technical expertise and hand with experienced professionals. The shortage of professionals required to develop and implement API management solutions is a difficult factor that can hinder the growth of the global API management market.

Opportunities:

Low-code programming uses a graphical user interface to display the underlying code and functionality. Users adjust the visual components in the graphical user interface in a low-code API integration tool to indicate the functionality they want the integration to achieve. Hidden from the user, underlying software understands the user's visual layouts and implements the stated API integrations that, without the low-code development tool, would have to be built by a competent programmer with a thorough grasp of all API integrations necessary. In addition, the minimal code API integration tool substantially simplifies the maintenance of various APIs necessary in traditional program development. The API integration tool may also apply the complete spectrum of security standards, assuring reliable security and considerably lowering the risk of mistakes resulting in vulnerabilities.

Challenges:

Practical monetization and robust governance are major challenging areas for the market. Having a reasonable price plan that helps create new prospects with consumers, developers, and partners is part of being able to deliver great APIs for your end-users. Customizability and first-level assistance on operations or service-level agreements are two things customers expect, especially when things go wrong. Businesses must provide a variety of rate plans (usually three) with the option of customizing them for each organization. An out-of-the-box approach can sometimes make onboarding go more smoothly. APIs, like other IT resources, must be properly regulated. This requires developing a policy that specifies how an API may be used, what it cannot be used for, and what best practices engineers should follow while using the API, among other things. A clear governance policy not only aids in the internal administration of the API, but also enables compliance with regulatory frameworks like PCI DSS, GDPR, and others easier.

Segmentation Analysis of API Management Market

By Offering, the Solution segment dominated the API Management market. Businesses must disclose more data through APIs to create rich, tailored app experiences for internal users, consumers, and partners, as the number of applications 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 applications and devices.

By Type, the Cloud segment is dominating the API Management Market. Cloud-based services save overall expenses while allowing for more flexible and scalable solution access. API management solutions in the cloud are being used by businesses to boost mobility and speed up the API development cycle. The security of APIs is greater in on-premises deployments; but enterprises may 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.

By Industry Vertical, BFSI is expected to dominate the API Management Market. The BFSI industry has seen a transformation fueled by payment innovation and the use of new technology, namely APIs. Even internet behemoths like Apple and Google have branched out into new areas by offering payment services. As a result, long-established traditional banking and financial institutions may benefit from digital transformation to expand their businesses and increase their profitability. The banking and payments industries, which account for the main components of the financial industry, have been witnessing infinite API processes since 2020. Fintech firms use APIs to change the banking and payments industries, allowing nearly any digital company (such as Apple and Google) to offer financial services directly to its end consumers via integrated technology. API technology can be considered successful since it can back up its assertions with numerical data.

Regional Analysis of API Management Market

In North America, particularly in the United States, technological innovation and entrepreneurship thrive, supported by a robust ecosystem of startups, tech giants, and venture capital. The emphasis on digital transformation drives significant demand for API management solutions, as businesses seek to integrate diverse systems and leverage data-driven insights. Regulatory frameworks like GDPR (General Data Protection Regulation) in Europe and CCPA (California Consumer Privacy Act) in the US impact how APIs handle user data, requiring robust security and compliance measures.

Europe, characterized by a diverse market landscape across countries, emphasizes data privacy and security through stringent regulations like GDPR. API management here focuses on enabling cross-border data flows while ensuring compliance with regional laws. The region also sees a growing adoption of APIs in sectors ranging from finance and healthcare to transportation, driving innovation and efficiency.

Regional dynamics significantly shape the adoption and evolution of API management practices, influenced by regulatory frameworks, technological adoption rates, and economic priorities. Understanding these nuances is crucial for businesses aiming to deploy effective API strategies tailored to regional needs and opportunities.

Players Covered in API Management Market are

  • IBM
  • Google
  • AWS
  • Oracle
  • Red Hat
  • MuleSoft
  • Sensedia
  • Software AG
  • Osaango
  • Axway
  • SAP SE
  • CA Technologies
  • Rogue Wave Software
  • TIBCO
  • Kony
  • Microsoft and other major players.

Key Industry Developments in API Management Market

  • In May 2024, Boomi strengthened its position in the API management market with strategic acquisitions aimed at enhancing enterprise scalability and efficiency. The acquisitions of APIIDAā€™s federated API management business and API management assets from Cloud Software Group bolster Boomiā€™s end-to-end platform capabilities, enabling rapid provisioning, secure management, and seamless scalability of API products. Steve Lucas, CEO of Boomi, underscores the importance of these moves in addressing the evolving challenges of API sprawl and operational overhead in modern IT infrastructures.
  • In June 2024, WSO2 introduces enhanced capabilities for API management and integration, aiming to boost developer productivity. The latest offerings include a unified control plane for WSO2 API Manager and WSO2 API Platform for Kubernetes, AI-driven developer assistants for streamlined operations, and GraphQL support for efficient data access. With these advancements, WSO2 seeks to provide a user-friendly environment that meets the evolving demands of the API management market.

Global API Management Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 2.94 Bn.

Forecast Period 2024-32 CAGR:

29.9 %

Market Size in 2032:

USD 31.16 Bn.

Segments Covered:

By Offering

  • Solution
  • Service

By Type

  • Cloud
  • On-Premises

By Industry Vertical

  • BFSI
  • IT & Telecom
  • Government
  • Healthcare & Life Sciences
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand of Modern APIā€™s From Private and Public Sector

Key Market Restraints:

  • Lack of Experienced Professionals

Key Opportunities:

  • Low Code-No Code Program Presents Bright Opportunity

Companies Covered in the report:

  • IBM, Google, AWS, Oracle, Red Hat, and Other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Offering
ā€ƒ3.2 By Type
ā€ƒ3.3 By Industry Vertical

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: API Management Market by Offering
ā€ƒ5.1 API Management Market Overview Snapshot and Growth Engine
ā€ƒ5.2 API Management Market Overview
ā€ƒ5.3 Solution
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Solution: Grographic Segmentation
ā€ƒ5.4 Service
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Service: Grographic Segmentation

Chapter 6: API Management Market by Type
ā€ƒ6.1 API Management Market Overview Snapshot and Growth Engine
ā€ƒ6.2 API Management Market Overview
ā€ƒ6.3 Cloud
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Cloud: Grographic Segmentation
ā€ƒ6.4 On-Premises
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 On-Premises: Grographic Segmentation

Chapter 7: API Management Market by Industry Vertical
ā€ƒ7.1 API Management Market Overview Snapshot and Growth Engine
ā€ƒ7.2 API Management Market Overview
ā€ƒ7.3 BFSI
ā€ƒā€ƒ7.3.1 Introduction and Market Overview
ā€ƒā€ƒ7.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.3.4 BFSI: Grographic Segmentation
ā€ƒ7.4 IT & Telecom
ā€ƒā€ƒ7.4.1 Introduction and Market Overview
ā€ƒā€ƒ7.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.4.4 IT & Telecom: Grographic Segmentation
ā€ƒ7.5 Government
ā€ƒā€ƒ7.5.1 Introduction and Market Overview
ā€ƒā€ƒ7.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.5.4 Government: Grographic Segmentation
ā€ƒ7.6 Healthcare & Life Sciences
ā€ƒā€ƒ7.6.1 Introduction and Market Overview
ā€ƒā€ƒ7.6.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.6.4 Healthcare & Life Sciences: Grographic Segmentation
ā€ƒ7.7 Others
ā€ƒā€ƒ7.7.1 Introduction and Market Overview
ā€ƒā€ƒ7.7.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.7.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
ā€ƒ8.1 Competitive Landscape
ā€ƒā€ƒ8.1.1 Competitive Positioning
ā€ƒā€ƒ8.1.2 API Management Sales and Market Share By Players
ā€ƒā€ƒ8.1.3 Industry BCG Matrix
ā€ƒā€ƒ8.1.4 Ansoff Matrix
ā€ƒā€ƒ8.1.5 API Management Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ8.1.6 Top 5 API Management Players Market Share
ā€ƒā€ƒ8.1.7 Mergers and Acquisitions
ā€ƒā€ƒ8.1.8 Business Strategies By Top Players
ā€ƒ8.2 IBM
ā€ƒā€ƒ8.2.1 Company Overview
ā€ƒā€ƒ8.2.2 Key Executives
ā€ƒā€ƒ8.2.3 Company Snapshot
ā€ƒā€ƒ8.2.4 Operating Business Segments
ā€ƒā€ƒ8.2.5 Product Portfolio
ā€ƒā€ƒ8.2.6 Business Performance
ā€ƒā€ƒ8.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ8.2.8 SWOT Analysis
ā€ƒ8.3 GOOGLE
ā€ƒ8.4 AWS
ā€ƒ8.5 ORACLE
ā€ƒ8.6 RED HAT
ā€ƒ8.7 MULESOFT
ā€ƒ8.8 SENSEDIA
ā€ƒ8.9 SOFTWARE AG
ā€ƒ8.10 OSAANGO
ā€ƒ8.11 AXWAY
ā€ƒ8.12 SAP SE
ā€ƒ8.13 CA TECHNOLOGIES
ā€ƒ8.14 ROGUE WAVE SOFTWARE
ā€ƒ8.15 TIBCO
ā€ƒ8.16 KONY
ā€ƒ8.17 MICROSOFT
ā€ƒ8.18 OTHER MAJOR PLAYERS

Chapter 9: Global API Management Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ9.1 Market Overview
ā€ƒ9.2 Historic and Forecasted Market Size By Offering
ā€ƒā€ƒ9.2.1 Solution
ā€ƒā€ƒ9.2.2 Service
ā€ƒ9.3 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ9.3.1 Cloud
ā€ƒā€ƒ9.3.2 On-Premises
ā€ƒ9.4 Historic and Forecasted Market Size By Industry Vertical
ā€ƒā€ƒ9.4.1 BFSI
ā€ƒā€ƒ9.4.2 IT & Telecom
ā€ƒā€ƒ9.4.3 Government
ā€ƒā€ƒ9.4.4 Healthcare & Life Sciences
ā€ƒā€ƒ9.4.5 Others

Chapter 10: North America API Management Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Offering
ā€ƒā€ƒ10.4.1 Solution
ā€ƒā€ƒ10.4.2 Service
ā€ƒ10.5 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ10.5.1 Cloud
ā€ƒā€ƒ10.5.2 On-Premises
ā€ƒ10.6 Historic and Forecasted Market Size By Industry Vertical
ā€ƒā€ƒ10.6.1 BFSI
ā€ƒā€ƒ10.6.2 IT & Telecom
ā€ƒā€ƒ10.6.3 Government
ā€ƒā€ƒ10.6.4 Healthcare & Life Sciences
ā€ƒā€ƒ10.6.5 Others
ā€ƒ10.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.7.1 U.S.
ā€ƒā€ƒ10.7.2 Canada
ā€ƒā€ƒ10.7.3 Mexico

Chapter 11: Europe API Management Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Offering
ā€ƒā€ƒ11.4.1 Solution
ā€ƒā€ƒ11.4.2 Service
ā€ƒ11.5 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ11.5.1 Cloud
ā€ƒā€ƒ11.5.2 On-Premises
ā€ƒ11.6 Historic and Forecasted Market Size By Industry Vertical
ā€ƒā€ƒ11.6.1 BFSI
ā€ƒā€ƒ11.6.2 IT & Telecom
ā€ƒā€ƒ11.6.3 Government
ā€ƒā€ƒ11.6.4 Healthcare & Life Sciences
ā€ƒā€ƒ11.6.5 Others
ā€ƒ11.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.7.1 Germany
ā€ƒā€ƒ11.7.2 U.K.
ā€ƒā€ƒ11.7.3 France
ā€ƒā€ƒ11.7.4 Italy
ā€ƒā€ƒ11.7.5 Russia
ā€ƒā€ƒ11.7.6 Spain
ā€ƒā€ƒ11.7.7 Rest of Europe

Chapter 12: Asia-Pacific API Management Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Offering
ā€ƒā€ƒ12.4.1 Solution
ā€ƒā€ƒ12.4.2 Service
ā€ƒ12.5 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ12.5.1 Cloud
ā€ƒā€ƒ12.5.2 On-Premises
ā€ƒ12.6 Historic and Forecasted Market Size By Industry Vertical
ā€ƒā€ƒ12.6.1 BFSI
ā€ƒā€ƒ12.6.2 IT & Telecom
ā€ƒā€ƒ12.6.3 Government
ā€ƒā€ƒ12.6.4 Healthcare & Life Sciences
ā€ƒā€ƒ12.6.5 Others
ā€ƒ12.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.7.1 China
ā€ƒā€ƒ12.7.2 India
ā€ƒā€ƒ12.7.3 Japan
ā€ƒā€ƒ12.7.4 Singapore
ā€ƒā€ƒ12.7.5 Australia
ā€ƒā€ƒ12.7.6 New Zealand
ā€ƒā€ƒ12.7.7 Rest of APAC

Chapter 13: Middle East & Africa API Management Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Offering
ā€ƒā€ƒ13.4.1 Solution
ā€ƒā€ƒ13.4.2 Service
ā€ƒ13.5 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ13.5.1 Cloud
ā€ƒā€ƒ13.5.2 On-Premises
ā€ƒ13.6 Historic and Forecasted Market Size By Industry Vertical
ā€ƒā€ƒ13.6.1 BFSI
ā€ƒā€ƒ13.6.2 IT & Telecom
ā€ƒā€ƒ13.6.3 Government
ā€ƒā€ƒ13.6.4 Healthcare & Life Sciences
ā€ƒā€ƒ13.6.5 Others
ā€ƒ13.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.7.1 Turkey
ā€ƒā€ƒ13.7.2 Saudi Arabia
ā€ƒā€ƒ13.7.3 Iran
ā€ƒā€ƒ13.7.4 UAE
ā€ƒā€ƒ13.7.5 Africa
ā€ƒā€ƒ13.7.6 Rest of MEA

Chapter 14: South America API Management Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ14.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.2 Impact of Covid-19
ā€ƒ14.3 Key Players
ā€ƒ14.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.4 Historic and Forecasted Market Size By Offering
ā€ƒā€ƒ14.4.1 Solution
ā€ƒā€ƒ14.4.2 Service
ā€ƒ14.5 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ14.5.1 Cloud
ā€ƒā€ƒ14.5.2 On-Premises
ā€ƒ14.6 Historic and Forecasted Market Size By Industry Vertical
ā€ƒā€ƒ14.6.1 BFSI
ā€ƒā€ƒ14.6.2 IT & Telecom
ā€ƒā€ƒ14.6.3 Government
ā€ƒā€ƒ14.6.4 Healthcare & Life Sciences
ā€ƒā€ƒ14.6.5 Others
ā€ƒ14.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ14.7.1 Brazil
ā€ƒā€ƒ14.7.2 Argentina
ā€ƒā€ƒ14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global API Management Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 2.94 Bn.

Forecast Period 2024-32 CAGR:

29.9 %

Market Size in 2032:

USD 31.16 Bn.

Segments Covered:

By Offering

  • Solution
  • Service

By Type

  • Cloud
  • On-Premises

By Industry Vertical

  • BFSI
  • IT & Telecom
  • Government
  • Healthcare & Life Sciences
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand of Modern APIā€™s From Private and Public Sector

Key Market Restraints:

  • Lack of Experienced Professionals

Key Opportunities:

  • Low Code-No Code Program Presents Bright Opportunity

Companies Covered in the report:

  • IBM, Google, AWS, Oracle, Red Hat, and Other major players.
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Frequently Asked Questions :

What would be the forecast period in the API Management Market research report?

The forecast period in the API Management Market research report is 2024-2032.

Who are the key players in API Management Market?

IBM, Google, AWS, Oracle, Red Hat, MuleSoft, Sensedia, Software AG, Osaango, Axway, SAP SE, CA Technologies, Rogue Wave Software, TIBCO, Kony, Microsoft, and other major players.

What are the segments of the API Management Market?

The API Management Market is segmented into Offering, Type, Industry Vertical, and region. By Offering, the market is categorized into Solution, Service. By Type, the market is categorized into Cloud, On-Premises. By Industry Vertical, the market is categorized into BFSI, IT & Telecom, Government, Healthcare & Life Sciences, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the API Management Market?

API management refers to the methods for distributing, regulating, and evaluating the APIs that connect applications and data throughout the firm and between clouds.

How big is the API Management Market?

The Global API Management Market size is expected to grow from USD 2.94 billion in 2023 to USD 31.16 billion by 2032, at a CAGR of 29.9% during the forecast period (2024-2032).