API Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors API Management Market
The API Management market size was valued at USD 4.28 billion in 2023, and the market is now projected to grow from USD 5.42 billion in 2024 to USD 34.17 billion by 2032, exhibiting a CAGR of 25.9% during the forecast period of 2024-2032.
The COVID-19 pandemic spurred a fast adoption of superior virtual solutions, aiding organizations in sustaining operations. This multiplied call for for utility programming interfaces (APIs) as they facilitate the integration of latest offerings and absorption of virtual data amidst evolving business landscapes.
The integration of AI-powered era with API control systems is poised to force marketplace growth by means of automating tedious guide duties. AI complements security, performance, and insight era, remodeling global operations through superior solutions. Its big selection of tools supports gadget automation, streamlining API layout, discovery, documentation, and integration.
The growing demand for software programming interface (API) standardization drives market increase, addressing challenges posed with the aid of fast technological improvements. Standardized APIs facilitate worldwide governance and consistency throughout organizational systems, aligning with organization business models. This fashion fosters effective purchaser connectivity via user-pleasant systems, improving API adoption and value.
Comprehensive Analysis of API Management Market
The API management market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by deployment analysis, by enterprise type analysis, by application analysis and by end-user analysis. By deployment analysis includes cloud and on-premises. By enterprises type analysis includes large enterprises and small & medium enterprises. By application analysis include security, performance analytics, governance, gateway, and others. By end-user analysis include IT & telecom, government, retail, healthcare, BFSI, transport & logistics, and others.
The North America region lead the API management market share by benefitting a market size of USD 1.56 billion in 2023 due to dominating presence of key market players.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet Inc.), MuleSoft Inc. (Salesforce Inc.), IBM Corporation, Microsoft Corporation, Software AG, TIBCO Software Inc., SAP SE, Amazon Web Services, Inc., Kong Inc., and Axway Inc., these market players provide a level-playing competitive landscape.
In February 2024, Microsoft Azure API Management adds TLS 1.3 support to V1 & V2 tiers, embracing the latest internet security protocol.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 25.9% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
Cloud
On-premises
By Enterprise Type
Large Enterprises
Small & Medium Enterprises
By Application
Security
Performance Analytics
Governance
Gateway
Others (API catalog, and others)
By End-user
IT & Telecom
Government
Retail
Healthcare
BFSI
Transport & Logistics
Others (Manufacturing, and others)
By Region
North America (By Deployment, By Enterprise Type, By Application, By End-user, and By Country)
- U.S. (By End-user)
- Canada (By End-user)
- Mexico (By End-user)
South America (By Deployment, By Enterprise Type, By Application, By End-user, and By Country)
- Brazil (By End-user)
- Argentina (By End-user)
- Rest of South America
Europe (By Deployment, By Enterprise Type, By Application, By End-user, and By Country)
- U.K. (By End-user)
- Germany (By End-user)
- France (By End-user)
- Italy (By End-user)
- Spain (By End-user)
- Russia (By End-user)
- Benelux (By End-user)
- Nordics (By End-user)
- Rest of Europe
Middle East & Africa (By Deployment, By Enterprise Type, By Application, By End-user, and By Country)
- Turkey (By End-user)
- Israel (By End-user)
- GCC (By End-user)
- North Africa (By End-user)
- South Africa (By End-user)
- Rest of MEA
Asia Pacific (By Deployment, By Enterprise Type, By Application, By End-user, and By Country)
- China (By End-user)
- Japan (By End-user)
- India (By End-user)
- South Korea (By End-user)
- ASEAN (By End-user)
- Oceania (By End-user)
- Rest of Asia Pacific
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global API Management Key Players Market Share Insights and Analysis, 2023
- 5. Global API Management Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud
- 5.2.2. On-Premises
- 5.3. By Enterprise Type (USD)
- 5.3.1. Large Enterprises
- 5.3.2. Small & Medium Enterprises
- 5.4. By Application (USD)
- 5.4.1. Security
- 5.4.2. Performance Analytics
- 5.4.3. Governance
- 5.4.4. Gateway
- 5.4.5. Others (Catalog, etc.)
- 5.5. By End-user (USD)
- 5.5.1. IT & Telecom
- 5.5.2. Government
- 5.5.3. Retail
- 5.5.4. Healthcare
- 5.5.5. BFSI
- 5.5.6. Transport & Logistics
- 5.5.7. Others (Manufacturing, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America API Management Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud
- 6.2.2. On-Premises
- 6.3. By Enterprise Type (USD)
- 6.3.1. Large Enterprises
- 6.3.2. Small & Medium Enterprises
- 6.4. By Application (USD)
- 6.4.1. Security
- 6.4.2. Performance Analytics
- 6.4.3. Governance
- 6.4.4. Gateway
- 6.4.5. Others (Catalog, etc.)
- 6.5. By End-user (USD)
- 6.5.1. IT & Telecom
- 6.5.2. Government
- 6.5.3. Retail
- 6.5.4. Healthcare
- 6.5.5. BFSI
- 6.5.6. Transport & Logistics
- 6.5.7. Others (Manufacturing, etc.)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.1.1. By End-user
- 6.6.2. Canada
- 6.6.2.1. By End-user
- 6.6.3. Mexico
- 6.6.3.1. By End-user
- 7. South America API Management Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud
- 7.2.2. On-Premises
- 7.3. By Enterprise Type (USD)
- 7.3.1. Large Enterprises
- 7.3.2. Small & Medium Enterprises
- 7.4. By Application (USD)
- 7.4.1. Security
- 7.4.2. Performance Analytics
- 7.4.3. Governance
- 7.4.4. Gateway
- 7.4.5. Others (Catalog, etc.)
- 7.5. By End-user (USD)
- 7.5.1. IT & Telecom
- 7.5.2. Government
- 7.5.3. Retail
- 7.5.4. Healthcare
- 7.5.5. BFSI
- 7.5.6. Transport & Logistics
- 7.5.7. Others (Manufacturing, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.1.1. By End-user
- 7.6.2. Argentina
- 7.6.2.1. By End-user
- 7.6.3. Rest of South America
- 8. Europe API Management Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud
- 8.2.2. On-Premises
- 8.3. By Enterprise Type (USD)
- 8.3.1. Large Enterprises
- 8.3.2. Small & Medium Enterprises
- 8.4. By Application (USD)
- 8.4.1. Security
- 8.4.2. Performance Analytics
- 8.4.3. Governance
- 8.4.4. Gateway
- 8.4.5. Others (Catalog, etc.)
- 8.5. By End-user (USD)
- 8.5.1. IT & Telecom
- 8.5.2. Government
- 8.5.3. Retail
- 8.5.4. Healthcare
- 8.5.5. BFSI
- 8.5.6. Transport & Logistics
- 8.5.7. Others (Manufacturing, etc.)
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.1.1. By End-user
- 8.6.2. Germany
- 8.6.2.1. By End-user
- 8.6.3. France
- 8.6.3.1. By End-user
- 8.6.4. Italy
- 8.6.4.1. By End-user
- 8.6.5. Spain
- 8.6.5.1. By End-user
- 8.6.6. Russia
- 8.6.6.1. By End-user
- 8.6.7. Benelux
- 8.6.7.1. By End-user
- 8.6.8. Nordics
- 8.6.8.1. By End-user
- 8.6.9. Rest of Europe
- 9. Middle East & Africa API Management Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud
- 9.2.2. On-Premises
- 9.3. By Enterprise Type (USD)
- 9.3.1. Large Enterprises
- 9.3.2. Small & Medium Enterprises
- 9.4. By Application (USD)
- 9.4.1. Security
- 9.4.2. Performance Analytics
- 9.4.3. Governance
- 9.4.4. Gateway
- 9.4.5. Others (Catalog, etc.)
- 9.5. By End-user (USD)
- 9.5.1. IT & Telecom
- 9.5.2. Government
- 9.5.3. Retail
- 9.5.4. Healthcare
- 9.5.5. BFSI
- 9.5.6. Transport & Logistics
- 9.5.7. Others (Manufacturing, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.1.1. By End-user
- 9.6.2. Israel
- 9.6.2.1. By End-user
- 9.6.3. GCC
- 9.6.3.1. By End-user
- 9.6.4. North Africa
- 9.6.4.1. By End-user
- 9.6.5. South Africa
- 9.6.5.1. By End-user
- 9.6.6. Rest of MEA
- 10. Asia Pacific API Management Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Cloud
- 10.2.2. On-Premises
- 10.3. By Enterprise Type (USD)
- 10.3.1. Large Enterprises
- 10.3.2. Small & Medium Enterprises
- 10.4. By Application (USD)
- 10.4.1. Security
- 10.4.2. Performance Analytics
- 10.4.3. Governance
- 10.4.4. Gateway
- 10.4.5. Others (Catalog, etc.)
- 10.5. By End-user (USD)
- 10.5.1. IT & Telecom
- 10.5.2. Government
- 10.5.3. Retail
- 10.5.4. Healthcare
- 10.5.5. BFSI
- 10.5.6. Transport & Logistics
- 10.5.7. Others (Manufacturing, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.1.1. By End-user
- 10.6.2. Japan
- 10.6.2.1. By End-user
- 10.6.3. India
- 10.6.3.1. By End-user
- 10.6.4. South Korea
- 10.6.4.1. By End-user
- 10.6.5. ASEAN
- 10.6.5.1. By End-user
- 10.6.6. Oceania
- 10.6.6.1. By End-user
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Google LLC (Alphabet Inc.)
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. MuleSoft Inc. (Salesforce Inc.)
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. IBM Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Microsoft Corporation
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Software AG
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. TIBCO Software Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Amazon Web Services, Inc.
- 11.7.1.
- 11.7.1.1. Overview
- 11.7.1.2. Key Management
- 11.7.1.3. Headquarters
- 11.7.1.4. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. SAP SE
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Kong Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Axway Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaway
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook