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Surging demand for digital transformation with the help of private and public API’s across various industries is the key trend in accelerating market growth. Global API Management Market has sets of practices and technologies to transform within organizations to meet consumer expectations. Hence, the market size for the Global API Management Market is anticipated to reach USD 21.68 billion By 2028.
API has played an important role in getting access to API Monetization, cloud platforms, and the Internet of Things (IoT), It has helped the organization in exposing its data internally and externally securely. The changing dynamics are enhancing the growth of the market and are helping to create secure APIs which can be created, secured, managed, and analyzed.
Segment Overview of Global API Management Market
Component Overview, 2018-2028 USD Billion
Deployment Mode Overview, 2018-2028 USD Billion
Organization Size Overview, 2018-2028 USD Billion
Vertical Overview, 2018-2028 USD Billion
Regional Overview, 2018-2028 USD Billion
Reasons for the study
What does the report include?
Who should buy this report?
Advancements in big data analytics and digital transformation have led to the growth of the market. Increasing demand for managing API traffic and advancements in the Internet of Things has further led to the growth of the market. The growth in demand for connecting data to applications and devices has paved the opportunity for the market. It has further enhanced user experience by providing a resourceful and effective experience for the organization that uses these APIs. Besides, it provides a full life cycle framework and proper management of API’s
Component Segment
The Solution segment will grow at the highest CAGR in the forecast period. The growth of the segment is due to the increase in the use of smartphones, which is forcing enterprises to expose data to API’s so that there is user experience both for internal and external users. Organizations need an API management solution that provides them with the performance of API’s driven businesses.
Deployment Segment
The deployment segment has been divided into two types such as the cloud and on-premises. The cloud-based segment will have the highest market size in the forecast period. In the current business environment, Cloud technology uses low-cost integration of the API Management Market system. The cloud-based Global API Management Market is highly scalable and flexible.
Organization Size Segment
The organization segment is bifurcated into Small and Medium-sized Enterprises (SMEs). Large enterprises are expected to will have the highest market size during the forecast period. A large organization can adapt to new technologies easily as compared to SME’s.
Vertical Segment
Based on the vertical, the market is segmented BFSI, IT and Telecom, BFSI, Government, Manufacturing, Media and Entertainment, Retail, Travel & Hospitality, and Others. BFSI will grow at the highest market size during the forecast period. BFSI is adopting API management solutions to have a secure, flexible, and digital business for banking, insurance, and other domains.
The Global API Management Market is subdivided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America will have the largest market size increase in the forecast period. Furthermore, the increase in the internet of things and digital technologies in US and Canada has led to the rise of market growth. The market in the Asia Pacific is the will to witness at the highest CAGR over the forecast period. The increasing adoption of big data and advanced analytics tools has offered growth of the regional market.
The major players of API Management are Adobe, IBM, Oracle, Red Hat, Software AG, Microsoft, and many more. The Global API Management Market is fragmented with the existence of well-known global and domestic players across the globe.
Surging demand for digital transformation with the help of private and public API’s across various industries is the key trend in accelerating market growth. Global API Management Market has sets of practices and technologies to transform within organizations to meet consumer expectations. Hence, the market size for the Global API Management Market is anticipated to reach USD 21.68 billion By 2028.
API has played an important role in getting access to API Monetization, cloud platforms, and the Internet of Things (IoT), It has helped the organization in exposing its data internally and externally securely. The changing dynamics are enhancing the growth of the market and are helping to create secure APIs which can be created, secured, managed, and analyzed.
Segment Overview of Global API Management Market
Component Overview, 2018-2028 USD Billion
Deployment Mode Overview, 2018-2028 USD Billion
Organization Size Overview, 2018-2028 USD Billion
Vertical Overview, 2018-2028 USD Billion
Regional Overview, 2018-2028 USD Billion
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions, and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 High Proliferation of Smartphones
4.3.1.2 Increasing Need for digital transformation with the help of private and public API's
4.3.1.3 Increasing demand for API-led connectivity
4.3.2 Restraints
4.3.2.1 API Security and Governance to Restrain the Growth of the Market
4.3.3 Opportunities
4.3.3.1 API Management Solutions Powered with Advanced Analytics Capabilities
4.3.3.2 Low-Code Platform for API Development
4.5 PEST Analysis
4.6 COVID-19 Impact Analysis
Chapter 5 Global API Management Market By Component
5.1 Introduction
5.1.1 Solution
5.1.1.1 API Platform
5.1.1.1.1 API Portal
5.1.1.1.2 API Gateway
5.1.1.1.3 API Administration
5.1.1.1.4 API Monetization
5.1.1.2 Machine Learning
5.1.1.2 API Analytics
5.1.1.3 Security
5.1.2 Services
5.1.2.1 Integration and Implementation
5.1.2.2 Consulting
5.1.2.3 Support and Maintenance
5.1.2.4 Training and Education
Chapter 6 Global API Management Market By Deployment Mode
6.1 Introduction
6.1.1 On-Premises
6.1.2 Cloud
Chapter 7 Global API Management Market By Organization Size
7.1 Introduction
7.1.1 SMEs
7.1.2 Large Enterprises
Chapter 8 Global API Management Market by Vertical
8.1 Introduction
8.1.1 Telecommunication and IT-Enabled Services
8.1.2 Banking, Financial Services, and Insurance
8.1.3 Government
8.1.3 Media and Entertainment
8.1.4 Retail and Consumer Goods
8.1.5 Healthcare and Life Sciences
8.1.6 Manufacturing
8.1.7 Others
Chapter 9 Global API Management Market By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 South Africa
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Rest of South America
Chapter 10 Competitive Landscape
10.1 Overview
10.2 Strategic Initiatives
10.2.1 Mergers & Acquisitions
10.2.2 New Product Launch
10.2.3 Investments
10.2.4 Expansion
10.2.5 Others
Chapter 11 Company Profiles
11.1 CA Technologies
11.1.1 Overview
11.1.2 Products and Services Portfolio
11.1.3 Recent Initiatives
11.1.4 Company Financials
11.1.5 SWOT
11.2 Google
11.2.1 Overview
11.2.2 Products and Services Portfolio
11.2.3 Recent Initiatives
11.2.4 Company Financials
11.2.5 SWOT
11.3 IBM
11.3.1 Overview
11.3.2 Products and Services Portfolio
11.3.3 Recent Initiatives
11.3.4 Company Financials
11.3.5 SWOT
11.4 Microsoft
11.4.1 Overview
11.4.2 Products and Services Portfolio
11.4.3 Recent Initiatives
11.4.4 Company Financials
11.4.5 SWOT
11.5 Mulesoft
11.5.1 Overview
11.5.2 Products and Services Portfolio
11.5.3 Recent Initiatives
11.5.4 Company Financials
11.5.5 SWOT
11.6 Oracle
11.6.1 Overview
11.6.2 Products and Services Portfolio
11.6.3 Recent Initiatives
11.6.4 Company Financials
11.6.5 SWOT
11.7 Redhat
11.7.1 Overview
11.7.2 Products and Services Portfolio
11.7.3 Recent Initiatives
11.7.4 Company Financials
11.7.5 SWOT
11.8 SAP
11.8.1 Overview
11.8.2 Products and Services Portfolio
11.8.3 Recent Initiatives
11.8.4 Company Financials
11.8.5 SWOT
11.9 Software AG
11.9.1 Overview
11.9.2 Products and Services Portfolio
11.9.3 Recent Initiatives
11.9.4 Company Financials
11.9.5 SWOT
11.10 Tibco Software
11.10.1 Overview
11.10.2Products and Services Portfolio
11.10.3Recent Initiatives
11.10.4Company Financials
11.10.5 SWOT
11.11 Other Companies