API Management Market, By Component (API Gateway, API Analytics and Monitoring, API Security, API Portal, Other Components), By Organization Size (Large Enterprises and Small and Medium-sized Enterprises), By End-use Industry (Banking, Financial Services,

API Management Market, By Component (API Gateway, API Analytics and Monitoring, API Security, API Portal, Other Components), By Organization Size (Large Enterprises and Small and Medium-sized Enterprises), By End-use Industry (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Retail and E-commerce, Healthcare, Manufacturing, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

APIs have become integral to digital transformation strategies of businesses across industries by enabling integration of various applications and data exchange. Rapid adoption of cloud and proliferation of connected devices have boosted demand for API platforms that can securely manage and monitor API traffic. API management solutions empower enterprises to create, secure, publish, monitor and track usage of APIs across on-premises and cloud environments. With growing dominance of APIs for facilitating open innovation, API-first approach can offer substantial opportunities for API management vendors.

Market Dynamics:

Global API management market growth is driven by factors like growing migration of workloads to cloud-based applications, increasing demand for digital transformation among enterprises, and rapid adoption of microservices architecture. APIs have become critical for businesses to foster open innovation and attract developers. The market has witnessed huge demand for OAuth, API analytics and monetization features. However, data security concerns and lack of integration standards can hamper the market growth. Increasing investments in 5G infrastructure projects and rising popularity of IoT devices can accelerate the market growth in the near future.

Key features of the study:

This report provides in-depth analysis of the global API management market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global API management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include API Gateway, Apigee, Axway, Dell Boomi, Microsoft, Mulesoft, Oracle, Postman, Red Hat, SAP, Software AG, WSO2, TIBCO Software Inc., IBM, Kong Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global API management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global API management market

Detailed Segmentation:

By Component Insights (Revenue, USD Bn, 2019 - 2031)

API Gateway

API Analytics and Monitoring

API Security

API Portal

Other Components (API Life Cycle Management, API Developer Portal, etc.)

By Organization Size Insights (Revenue, USD Bn, 2019 - 2031)

Large Enterprises

Small and Medium-sized Enterprises (SMEs)

By End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)

Banking, Financial Services, and Insurance (BFSI)

IT and Telecommunications

Retail and E-commerce

Healthcare

Manufacturing

Others

By Regional Insights (Revenue, USD Bn 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

API Gateway

Apigee

Axway

Dell Boomi

Microsoft

Mulesoft

Oracle

Postman

Red Hat

SAP

Software AG

WSO2

TIBCO Software Inc.

IBM

Kong Inc.