API Management Market to grow by USD 6.70 billion between 2021 - 2026 | Growth Driven by Growing use of digital payment solutions - Technavio
NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The API Management Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the API management market between 2022 and 2026 is USD 6.70 billion. The continuous growth in digital payments drives the API management market. Digital payments are expected to constitute almost 90% of the total spent in Canada by 2030. As a result, several banking institutions across the globe are offering digital payment solutions to improve banking processes, which helps many banking companies gain a competitive advantage over their rivals. Hence, such factors are expected to replace plastic cards with virtual account numbers, allowing businesses to manage a wide range of corporate expenses smoothly. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The API management market has been segmented by Deployment (cloud and on-premise) and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
Key Companies in the API management market:
Akamai Technologies Inc., Alphabet Inc., Amazon.com Inc., Axway Software SA, Boomi LP, International Business Machines Corp., Kong Inc, Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, Sensedia SA, Software AG, TIBCO Software Inc., Torry Harris Business Solutions, Workato, WSO2 Inc., Broadcom Inc., Postman Inc.
The speech-to-text API market size is estimated to grow at a CAGR of 19% between 2022 and 2027. The market size is forecast to increase by USD 3,269.94 million.
The venture capital investment market size is estimated to decline at a CAGR of 20.88% between 2022 and 2027. The market size is forecast to increase by USD 737.56 billion.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/api-management-market-to-grow-by-usd-6-70-billion-between-2021---2026--growth-driven-by-growing-use-of-digital-payment-solutions---technavio-301928643.html
Continental Breakfast Served
Climate Tech for the Smart Community