The API management market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. Rapid growth of communication and technology industry and continuous digitization of business processes is increasing investments in software development. Rising adoption of open APIs by various business enterprises for software development is contributing significantly to the growing demand for API management solutions and services among enterprises worldwide. This is boosting the growth of the market. Continuous advancements in technologies such as IoT, artificial learning (AI), and machine-learning technologies are further contributing to the growing demand for API management solutions and services, which is further boosting the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the API management value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the API management market.
Major industry players profiled as part of the report are Google, Inc., Hewlett Packard Enterprises Co., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Snaplogic, Inc., Boomi, Inc., Red Hat, Inc. and TIBCO Software Inc.
The API management market is segmented by offering, deployment model, enterprise size, end-user industry and geography.
By Deployment Model
By Enterprise Size
By End-User Industry
Communication and Technology
Media and Entertainment
Middle East and Africa
Key Questions answered by the report
What is the API management market size from 2018 to 2023?
How are the major drivers and restraints affecting the API management market and the opportunities which exist for the key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants behaviour
Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.