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Global API management market stood at $ 1.1 billion in 2018 and is projected to grow at a CAGR of over 22% during 2019-2024
[June 13, 2019]

Global API management market stood at $ 1.1 billion in 2018 and is projected to grow at a CAGR of over 22% during 2019-2024


NEW YORK, June 13, 2019 /PRNewswire/ -- Global API (Application Programming Interface) Management Market By Component (Solution & Service), By Deployment Mode (Cloud & On-premise), By Organization Size (SME & Large Enterprise), By End User (BFSI, IT & Telecom, Government, Retail, Healthcare and Others), By Region, Competition, Forecast & Opportunities, 2024

Read the full report: https://www.reportlinker.com/p05781829/?utm_source=PRN

Global API management market stood at $ 1.1 billion in 2018 and is projected to grow at a CAGR of over 22% during 2019-2024 to reach $ 3.6 billion by 2024, on account of increasing demand for modern application programming interface (API) to connect various applications and devices. Growing need to decode data of enterprises so that it can be used by other sections of the organizations is boosting the growth of the market. Application programming interface (API) management can be defined as the process of publishing, documenting and overseeing application programming interfaces in reliable and secure environment. Advancement of Internet of Things and big data and rising demand to manage API traffic is anticipated to propel global API management market through 2024.

Global API management market can be segmented based on component, deployment mode, organization size and end-user.In terms of component, the market can be bifurcated into solutions and services.

API management solutions can be deployed on-premise and cloud.On account of reduced cost with high scalability and flexibility to access solutions, there is a steep increase in the adoption of cloud-based deployment among organizations and the trend is likely to continue in the forthcoming years.

Based on the organization size, global API management market can be classified into small and medium enterprise (SME) and large enterprise. Surging need for streamlining API connections is driving the demand for API management solutions among large enterprises.

Regionally, the market for API management is gaining traction and expanding to various regions including North America, Europe, Asia-Pacific, Middle East & Africa and South America.In 2018, North America, followed by Europe, dominated global API management market and the trend is likely to continue during forecast period as well.

This is due to the early adoption of technologies such as IoT, big data, analytics and cloud and presence of leading players in the regions.

Major players operating in global API management market include Software AG, International Business Machine Corporation, SAP SE, Red Hat Inc., CA Technologies, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developmens. In 2018, RedHat Inc. acquired software developing company, Noobaa, to manage data storage services across multi-cloud environments.




Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024


Objective of the Study:

• To analyze and forecast global API management market size.
• To classify and forecast global API management market based on component, deployment mode, organization size, end-user and regional distribution.
• To identify drivers and challenges for global API management market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global API management market.
• To conduct pricing analysis for global API management market.
• To identify and analyze the profile of leading players operating in global API management market.

Some of the leading players in global API management market include Software AG, International Business Machine Corporation, SAP SE, Red Hat Inc., CA Technologies, etc.

The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, distribution channels and presence of all major service providers across the globe.
The analyst calculated global API management market size by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• API Management service providers
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to API Management
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global API management market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Component:
o Solutions
API Platform
API Analytics
API Security
o Services
Integration
Consulting
Support & Maintenance
Training & Education
• Market, by Deployment Mode:
o On-premise
o Cloud
• Market, by Organization Size:
o Small & Medium Sized Enterprises
o Large Enterprises
• Market, by End User:
o BFSI
o IT & Telecom
o Retail
o Government
o Healthcare
o Others
• Market, by Region:
o North America
United States
Canada
Mexico
o Europe
United Kingdom
France
Germany
Italy
Spain
o Asia Pacific
China
Japan
India
Australia
South Korea
o Middle East & Africa
UAE
Saudi Arabia
Turkey
South Africa
o South America
Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global API management market.

Available Customizations:

With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Read the full report: https://www.reportlinker.com/p05781829/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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