API Management Market By Deployment Types (On-premises, Cloud), By Organization Size (SMEs, Large enterprises), By Component (Solutions, Services), By Industries (BFSI, IT and telecom, Government, Healthcare, Retail, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
API management is the process of designing, publishing, documenting and analyzing APIs in a secure environment. Through an API management solution, an organization can guarantee that both the public and internal APIs they create are consumable and secure. API management is becoming an increasingly important solution for every enterprise. Any organization that uses APIs or depends on them to deliver services should have a unified API management solution. API has been used as a tool to access data through mobile applications, the Internet of Things (IoT), and cloud platforms. APIs enable a company to safely expose its data or services both inside and outside the company. The process of designing, distributing, publishing, controlling, and analyzing APIs is referred to as API management. A developer portal, an API gateway, API lifecycle management, and analytics are all part of an API management solution. API Management is a set of cycles that allow organizations to gain control and transparency over APIs, which are critical for integrating data and applications across projects and the cloud.
The functions of the API market that are connected to publishing, documenting, and managing the application programming interfaces are covered in the Global API management Market research. These are used to get access to a secure environment. All of these things work together to form API management. The API management market's major goal is to enable and help a company that publishes an API to track the lifecycle of that interface. The approaches to cater to the needs of developers are also an important aspect of how the market works.
The key impacting factors of the API management market are demand for public and private APIs to accelerate digital transformation, increased mobile applications and users, and social media penetration. These factors have significantly contributed to the growth of API management market, and are anticipated to impact the market growth during the forecast period.
The API management market is segmented on the basis of component, deployment type, organization size, industry vertical and region. Based on component, it is segmented into solutions and services. By deployment type, it is divided into on-premises and cloud. Based on organizational size the market is segmented into SMEs and large enterprises. Based on industry vertical, the market is categorized into BFSI, IT and telecom, government, healthcare and life sciences, retail and consumer goods, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key players operating in the market include Amazon Web Services (AWS), Axway, Google, IBM, Microsoft Corporation, Oracle Corporation, Red Hat, SAP SE, Software AG, and TIBCO.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the api management market analysis from 2021 to 2031 to identify the prevailing api management market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the api management market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global api management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Deployment Types
On-premises
Cloud
By Organization Size
SMEs
Large enterprises
By Component
Solutions
Services
By Industries
Government
Healthcare
Retail
Manufacturing
Others
BFSI
IT and telecom
By Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
IBM
Google
Oracle
Red Hat
Software AG
Axway
TIBCO
Amazon Web Services
Microsoft Corporation
SAP SE
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