API Management Market size was valued at USD 2493.9 Million in 2020 and is projected to reach USD 6263.0 Million by 2028, growing at a CAGR of 11.3%.
The global API Management market accounted for USD 2493.9 Million in 2020 and is expected to reach USD 6263.0 Million by 2028, growing at a CAGR of 11.3% from 2021 to 2028.
Globally, customers are specialized in various digital solutions like the web, laptops, smartphones, tablets, and even for sharing data and applications within the corporate. This has pushed organizations towards the adoption of more efficient frameworks to deliver enhanced end-user experience. This has led to the adoption of the Application Programming Interface (API). API technology assists the enterprises in sharing the content across organizations, it also comprises a set of the process through which the organization can gain control. The API management provides companies with an API gateway, developer portal, API lifecycle management, support for API monetization, and API lifecycle management.
Nevertheless, PaaS and SOA integrations alongside system integrators are expected to unlock up new alluring avenues in near future. Moreover, new product launches by market players also are set to power the event of the API management market. For instance, in August 2018, Microsoft announced plans for rolling a replacement BizTalk Server service additionally to details about its dream of Azure Integration Services.
The global API Management market has witnessed a decrease in sales/solutions due to the lockdown enforcement placed by various governments to contain COVID spreading. People had no option but to remain indoors, so the sales of services and solutions had decreased drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain in the industry which has further affected the API market as well. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for solutions and services.
Advancements of the large Data and Internet of Things, increasing requirements to manage API traffic, and have & cost benefits are a number of the main factors assumed to tower the event of API management market. Security problems associated with API are predicted to restrain the event of the API management market within the forecast period.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
API security ruled the answer sector of the API management market in 2016 thanks to perimeter security and encoding. Integration service and maintenance & support sector of API management market are likely to ascertain remarkable development in years to return. The industry section of the API management market is split into IT & telecom, BFSI, healthcare, government, manufacturing, retail & commodity, et al. sectors. BFSI has surfaced as a number one industry section of the API management market and is probably going to develop with the uppermost CAGR within the near future.
Cloud-based services reduce the general costs while providing highly flexible and scalable access to solutions. Companies are deploying API management solutions on the cloud to enhance mobility and accelerate the API development cycle. Security of APIs is higher in on-premises deployment type; however, cloud-based API management solution enables organizations to scale back the prices associated with the answer, storage, and technical staff. thanks to these advantages, many vendors are switching from an on-premises deployment model to the SaaS-based software.
The industry vertical segment within the API management market comprises BFSI, IT and telecom, retail and travel, commodity, transportation, government, media & entertainment, healthcare & life sciences, manufacturing, and others. Among these, the BFSI industry vertical is predicted to carry the most important market size, as enterprises during this vertical are adopting API management solutions to create a lean, flexible, and efficient approach and streamline their digital business for banking, insurance, trading, capital markets, and payments.
North America is probably going to carry the biggest market share in the coming years in the API management market. The rising popularity of web APIs is going to be the main boosting factor for the growth of the API management market during this area. The high acceptance rate of the latest tech is probably going to support the event of the API management market in Europe. Increasing numbers of mobile users paired with penetration of e-commerce in up-and-coming nations are probably going to spice up the API management market in the Asia Pacific extremely. China held the most important share of the API management market in the Asia Pacific. Latin America is additionally likely to point out obvious development within the API management market in near future.
Major players in this API management market are CA Technologies, Microsoft Corporation, Apiary, Inc., Google, Inc., Red Hat, Inc., Axway, Inc., Fiorano Software, HP, Sensedia, SAP SE, TYK Technologies, Tibco Software, IBM Corporation, and Cloud Elements amongst others.
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Solution Type
FIG NO. 2. Market Attractiveness Analysis, By Service Type
FIG NO. 3. Market Attractiveness Analysis, By Deployment Type
FIG NO. 4. Market Attractiveness Analysis, By Industry Type
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global API Management Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Solution Type, 2020 & 2028
FIG NO. 9. Global API Management Market for API Portal, Revenue (USD Billion) 2016 – 2028
FIG NO.10. Comparative Revenue Analysis of API Management Market for API Portal, By Country, 2020 & 2028
FIG NO. 11. Global API Management Market for Security, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of API Management Market for Security, By Country, 2020 & 2028
FIG NO. 13. Global API Management Market for Monetization, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of API Management Market for Monetization, By Country, 2020 & 2028
FIG NO. 15. Global API Management Market for API Gateway, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of API management for API Gateway, By Country, 2020 & 2028
FIG NO. 17. Global API Management Market for API Analytics, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of API Management Market for API Analytics, By Country, 2020 & 2028
FIG NO. 19. Global API Management Market for Administration, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of API Management Market for Administration, By Country, 2020 & 2028
FIG NO. 21. Market Revenue Share, By Service Type, 2020 & 2028
FIG NO. 22. Global API Management Market for Training & Consulting, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of API Management Market for Training & Consulting, By Country, 2020 & 2028
FIG NO. 24. Global API Management Market for support & maintenance, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of API Management Market for support & maintenance, By Country, 2020 & 2028
FIG NO. 26. Global API Management Market for Integration, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of API Management Market for Integration, By Country, 2020 & 2028
FIG NO. 28. Market Revenue Share, By Deployment Type, 2020 & 2028
FIG NO. 29. Global API Management Market for On-Premises, Revenue (USD Billion) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of API Management Market for On-Premises, By Country, 2020 & 2028
FIG NO. 31. Global API Management Market for Cloud, Revenue (USD Billion) 2016 – 2028
FIG NO. 32. Comparative Revenue Analysis of API Management Market for Cloud, By Country, 2020 & 2028
FIG NO. 33. Market Revenue Share, By Industry Type, 2020 & 2028
FIG NO. 34. Global API Management Market for BFSI, Revenue (USD Billion) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of API Management Market for BFSI, By Country, 2020 & 2028
FIG NO. 36. Global API Management Market for IT & Telecom, Revenue (USD Billion) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of API Management Market for IT & Telecom, By Country, 2020 & 2028
FIG NO. 38. Global API Management Market for Government, Revenue (USD Billion) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of API Management Market for Government, By Country, 2020 & 2028
FIG NO. 40. Global API Management Market for Healthcare, Revenue (USD Billion) 2016 – 2028
FIG NO. 41. Comparative Revenue Analysis of API Management Market for Healthcare, By Country, 2020 & 2028
FIG NO. 42. Global API Management Market for Retail & Consumer goods, Revenue (USD Billion) 2016 – 2028
FIG NO. 43. Comparative Revenue Analysis of API Management Market for Retail & Consumer goods, By Country, 2020 & 2028
FIG NO. 44. Global API Management Market for Manufacturing, Revenue (USD Billion) 2016 – 2028
FIG NO. 45. Comparative Revenue Analysis of API Management Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 46. Global API Management Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 47. Comparative Revenue Analysis of API Management Market for Others, By Country, 2020 & 2028
FIG NO. 48. Global API Management Market Revenue Share, By Region, 2020 & 2028
FIG NO. 49. North America API Management Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 50. Porter’s Five Forces Analysis for Global API Management Market
FIG NO. 51. PEST Analysis for Global API Management Market
FIG NO. 52. Pricing Analysis for Global API Management Market
FIG NO. 53. Value Chain Analysis for Global API Management Market
FIG NO. 54. Company Share Analysis, 2019
FIG NO. 55. Radar Determinant Chart, 2019
FIG NO. 56. Company Strategic Developments – Heat Map Analysis
FIG NO. 57. Google Inc. Business Segment Revenue Share, 2020 (%)
FIG NO.58. Google Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 59. Market Channels
FIG NO. 60. Marketing Channel Development Trend
FIG NO. 61. Growth in World Gross Product, 2008-2018
FIG NO. 62. Research Methodology – Detailed View
FIG NO. 63. Research Methodology
List of Tables
TABLE NO. 1. Global API Management Market: Snapshot
TABLE NO. 2. Quarterly API Management Market Revenue by Region, 2020
TABLE NO. 3. Quarterly API Management Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global API Management Market for API Portal, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global API Management Market for Security, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global API Management Market for Monetization, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global API Management Market for API Gateway, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global API Management Market for API Analytics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global API Management Market for Administration, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global API Management Market for Training & Consulting, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global API Management Market for Support & Maintenance, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global API Management Market for Integration, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global API Management Market for On-premises, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global API Management Market for Cloud, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global API Management Market for BFSI, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. Global API Management Market for IT & Telecom, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. Global API Management Market for Government, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 20. Global API Management Market for Healthcare, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 21. Global API Management Market for Retail & Consumer Goods, by Region, 2016 – 2028 (UD Billion)
TABLE NO. 22. Global API Management Market for Manufacturing, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 23. Global API Management Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 24. Global API Management Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 25. North America API Management Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 26. North America API Management Market Revenue, By Solution Type, 2016 – 2028 (USD Billion)
TABLE NO. 27. North America API Management Market Revenue, By Service Type, 2016 – 2028 (USD Billion)
TABLE NO. 28. North America API Management Market Revenue, By Deployment Type, 2016 – 2028 (USD Billion)
TABLE NO. 29. North America API Management Market Revenue, By Industry Type, 2016 – 2028 (USD Billion)
TABLE NO. 30. U.S. API Management Market Revenue, By Solution Type, 2016 – 2028 (USD Billion)
TABLE NO. 31. U.S. API Management Market Revenue, By Service Type, 2016 – 2028 (USD Billion)
TABLE NO. 32. U.S. API Management Market Revenue, By Deployment Type, 2016 – 2028 (USD Billion)
TABLE NO. 33. U.S. API Management Market Revenue, By Industry Type, 2016 – 2028 (USD Billion)
TABLE NO. 34. Canada API Management Market Revenue, By Solution Type, 2016 – 2028 (USD Billion)
TABLE NO. 35. Canada API Management Market Revenue, By Service Type, 2016 – 2028 (USD Billion)
TABLE NO. 36. Canada API Management Market Revenue, By Deployment Type, 2016 – 2028 (USD Billion)
TABLE NO. 37. Canada API Management Market Revenue, By Industry Type, 2016 – 2028 (USD Billion)
TABLE NO. 38. Mexico API Management Market Revenue, By Solution Type, 2016 – 2028 (USD Billion)
TABLE NO. 39. Mexico API Management Market Revenue, By Service Type, 2016 – 2028 (USD Billion)
TABLE NO. 40. Mexico API Management Market Revenue, By Deployment Type, 2016 – 2028 (USD Billion)
TABLE NO. 41. Mexico API Management Market Revenue, By Industry Type, 2016 – 2028 (USD Billion)
TABLE NO. 42. Drivers for the API Management Market: Impact Analysis
TABLE NO. 43. Restraints for the API Management Market: Impact Analysis
TABLE NO. 44. Major Buyers of Beverage Packaging
TABLE NO. 45. Distributors/Traders List of Beverage Packaging
TABLE NO. 46. Global API Management Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 47. Global API Management Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global API Management market. Zion Research has collected and analyzed key data belong to the global API Management market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of API Management across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the API Management industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the API Management market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
API management platforms have come into vogue as the apps proliferate within the enterprise across the globe. As APIs go up in importance, so has the increasing need for better practices in API creation, development & management. The major API management services have built strategies that they CAN use as guiding principles when working with their customers. The rapid growth in the number of application programming interfaces (APIs) and micro services has created a business environment that allows the user to expand beyond users existing organization. With APIs, the user can add new partners, reach new demographics and expand to new geographies seamlessly.
The growth of API management is mainly attributed to rapidly increasing the popularity of web APIs paired with the mounting demand for private and public APIs. In addition, mobility and apps explosion is another key factor favoring the global API market growth massively. Furthermore, increasing needs to manage API traffic, advancements of the Internet of Things & Big Data and cost and feature benefits are expected to flourish the growth of API management market over the analysis period. However, security issues related to API is expected to have an adverse impact on the growth of API management market in the analysis period. Even so, system integrators and SOA and PaaS integrations may disclose new avenues for API management market in near future.
API portal, security, monetization, API gateway, API analytics and administration are the major solution segment of API managements market. API Security solution segment is expected to observe remarkable growth in coming years and expected to grow with highest CAGR owing to increasing demand for threat prevention, data encryption, and perimeter security. Service segment of API managements market is categorized into training & consulting, support & maintenance and integration. On-premises and cloud are the deployment type segment segments of API management market. The industry segment of API management market is categorized into BFSI, IT & telecom, government, healthcare, retail & consumer goods, manufacturing and others industries. BFSI dominated the industry segment for API managements market in 2016.
North America is estimated to hold largest market share in API management market in coming years owing to increasing popularity of web APIs, Europe is estimated as a most lucrative market for API Management market in near future. Growing numbers of mobile subscribers coupled with penetration of e-commerce in emerging economies will be key driving factors for Asia Pacific region in years to come.
Noticeable players operative in this API management market are CA Technologies, Google, Inc., Apiary, Inc., Axway, Inc., Cloud Elements, Microsoft Corporation, IBM Corporation, HP, Fiorano Software, SAP SE, Sensedia, Tibco Software, TYK Technologies and Red Hat, Inc. amongst others.
The global API Management Market was valued at USD 2493.9 Million in 2020.
The global API Management Market is expected to reach USD 6263.6 Million by 2028, growing at a CAGR of 11.3% between 2021 to 2028.
Some of the key factors driving the global API Management Market growth are increasing demand for modern application programming interface (API) to connect various applications and devices.
In 2020, North America, followed by Europe, dominated global API management market and the trend is likely to continue during forecast period as well.
Major players in this API management market are CA Technologies, Microsoft Corporation, Apiary, Inc., Google, Inc., Red Hat, Inc., Axway, Inc., Fiorano Software, HP, Sensedia, SAP SE, TYK Technologies, Tibco Software, IBM Corporation, and Cloud Elements amongst others.
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