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Global API Management Market Share, Size, Report, Forecast: By Component: Solutions, Services; By Deployment Type: On-Premises, Cloud; By Organisation Size: Large Enterprises, Small and Medium Enterprises; By Industry Vertical: Government, Healthcare, Retail, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global API Management Market Outlook
The global API management market size reached a value of approximately USD 4.51 billion in 2023. The market is further expected to grow at a CAGR of 29.50% between 2024 and 2032, reaching a value of USD by 46.15 billion by 2032.
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Key Trends in the Market
API management refers to process of publishing, managing, and creating API connections in multi-cloud and enterprise settings. API management offers unified and scalable platforms allowing enterprises to socialise and share their API configurations while having access control. The primary advantage of API management is that it allows deployment and reuse of integration assets efficiently and quickly.
- The key API management market trends include security threat analysis and increasing focus on privacy and security of deployment and development of APIs which is expected to positively influence the global market over the forecast period. With increasing amount of sensitive data being shared by APIs, the requirement for properly securing these interfaces is growing.
- Rapid urbanisation and digitalisation across the globe are boosting the utilisation of API management systems. Increasing incorporation of APIs in industries such as healthcare and finance are also projected to fuel the growth of the market for API management over the forecast period.
- Another trend aiding the API management market growth is the requirement of organisations for centralised methods to manage their APIs including access control, performance analysis, and usage monitoring. This aids organisations in streamlining their API development processes and improving the overall performance of their APIs.
API Management Market Analysis
Based on component, the market is bifurcated into solutions and services, with solutions further divided by type into API platform, API analytics, and API security, and services further divided by type into integration and implementation, consulting, support and maintenance, and training and education. On the basis of deployment type, the market is segregated into on-premises and cloud. Based on organisation size, the market is classified into large enterprises and small and medium enterprises. On the basis of industry vertical, the market is segmented into government, healthcare, retail, manufacturing, BFSI, and IT and telecom, among others. Based on region, the market is categorised into Noth America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global API management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- IBM Corporation
- Google LLC
- Oracle Corporation
- Microsoft Corporation
- Amazon Web Services, Inc
- SAP SE
- Red Hat,Inc
- Software AG
- Axway Software SA
- TIBCO Software, Inc.
- Others
API Management Market Share by Deployment Type
On-premises deployment type is expected to hold a sizable share of the global market for API management due to advantages including security and reliability while allowing enterprises to maintain high levels of control; functioning which is often not provided in cloud deployment. Businesses in highly regulated industries often opt for on-premises API management systems as data security in such industries is paramount. As the complete software resides in the premises of the organisation, generally greater protection is provided. However, as security capabilities of cloud deployment increase, the coming years may witness growth in cloud deployment of API management.
API Management Market Share by Region
The Asia Pacific region is anticipated to account for a significant share of the market for API management over the forecast period. This growth can be attributed to the establishment of various small and medium enterprises and growing prevalence of Internet of Things and mobile computing in the Asia Pacific region. Additionally, API management offers agility and enables smooth connections among digital assets, aiding companies in switching between various channels without much effort.
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Competitive Landscape
IBM Corporation is an IT consulting and services company founded in 1911 and based out of New York in the United States. One of the largest industrial research organisations in the world, their specialities include IT infrastructure, technology support, resiliency services, consulting commerce, Internet of Things, system services, and industry solutions, among others.
Google LLC was founded in 1998 and is headquartered in California, United States. The company specialises in internet related products and services, focusing on search engine technology, quantum computing, online advertising, consumer electronics, and computer software. They also offer services designed for productivity and work, cloud storage, and time management and email scheduling.
Oracle Corporation is a cloud technology company that was founded in 1977 and is based out of Texas, United States. The company provides organisations around the world with software and computing infrastructure so as to enhance their efficiency and boost their effectiveness. The Oracle Cloud infrastructure offers security, cost savings, and higher performance to their customers.
Other market players include Microsoft Corporation, Amazon Web Services, Inc, SAP SE, Red Hat,Inc, Software AG, Axway Software SA, and TIBCO Software, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Type |
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| Breakup by Organisation Size |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global API Management Market Analysis
8.1 Key Industry Highlights
8.2 Global API Management Historical Market (2018-2023)
8.3 Global API Management Market Forecast (2024-2032)
8.4 Global API Management Market by Component
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 API Platform
8.4.1.3.2 API Analytics
8.4.1.3.3 API Security
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Integration and Implementation
8.4.2.3.2 Consulting
8.4.2.3.3 Support and Maintenance
8.4.2.3.4 Training and Education
8.5 Global API Management Market by Deployment Type
8.5.1 On-Premises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global API Management Market by Organisation Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global API Management Market by Industry Vertical
8.7.1 Government
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Healthcare
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Retail
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 BFSI
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 IT and Telecom
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global API Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America API Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe API Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific API Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America API Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa API Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Google LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Microsoft Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Amazon Web Services, Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 SAP SE
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Red Hat,Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Software AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Axway Software SA
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 TIBCO Software, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global API Management Market: Key Industry Highlights, 2018 and 2032
2. Global API Management Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global API Management Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global API Management Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5. Global API Management Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6. Global API Management Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
7. Global API Management Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
8. Global API Management Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
9. Global API Management Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
10. Global API Management Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global API Management Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America API Management Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe API Management Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific API Management Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America API Management Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa API Management Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global API Management Market Structure
Key Questions Answered in the Report
The market size reached a value of approximately USD 4.51 billion in 2023.
The market is expected to grow at a CAGR of 29.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 46.15 billion by 2032.
The major market drivers include growing adoption of machine learning and artificial intelligence technologies and increasing utilisation of APIs by various industries.
The key trends fuelling the growth of the market include rising need for security threat management, rapid digitalisation, and the growing requirement of organisations for streamlining their API development processes.
The various industry verticals in the market for API management include government, healthcare, retail, manufacturing, BFSI, and IT and telecom, among others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
API management enables documentation, publication, design, and analysis of APIs in a secure environment.
The significant components of API management include solutions and services.
The key players in the global API management market are IBM Corporation, Google LLC, Oracle Corporation, Microsoft Corporation, Amazon Web Services, Inc, SAP SE, Red Hat,Inc, Software AG, Axway Software SA, and TIBCO Software, Inc., among others.
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