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Global $5.1Bn API Management Market by Solution, Service, Deployment Type, Organization Size, Industry & Region - Forecast to 2023 - ResearchAndMarkets.com

March 19, 2019

DUBLIN--(BUSINESS WIRE)--Mar 19, 2019--The “API Management Market by Solution (API Platform, API Analytics, API Security), Service (Integration and Implementation, Consulting, Support and Maintenance, Training), Deployment Type, Organization Size, Industry & Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global Application Programming Interface (API) management market is expected to grow from USD 1.2 billion in 2018 to USD 5.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.

The API management market is driven by various factors, such as demand for API-led connectivity, and API management solution powered with API analytics to streamline various stages of API life cycle. However, poor API security and governance can hinder the growth of the market.

Major vendors offering API management solution and services across the globe include IBM (US), Google (US), Oracle (US), Red Hat (US), Software AG (Germany), Axway (US), MuleSoft (US), Microsoft (US), SAP SE (Germany), AWS (US), CA Technologies, a Broadcom company (US), TIBCO (US), Kony (US), Rogue Wave Software (US), Sensedia (Brazil), Torry Harris Business Solutions (US), Tyk Technologies (England), WSO2 (US), Osaango (Finland), Dell Boomi (US), and Postman (US).

The study includes an in-depth competitive analysis of these key players in the API management market, with their company profiles, recent developments, and key market strategies.

Retail and consumer goods segment to grow at the highest CAGR during the forecast period

With time, many retail organizations have deployed a mix of technologies, computer systems, and disparate applications to cater to the growing demands of customers. Customer experience proves to be a very vital differentiating factor among a wide array of online shopping options.

Online retailers risk losing out on their users, because of negative customer experience. Hence, retailers around the globe are formulating API strategies that not only help them reach customers in new ways but also help them build internal APIs for streamlining business operations. API management solution enables retailers to offer eCommerce services, on different digital channels, to deliver omni-channel experience to their customers.

Integration and implementation services segment to hold the highest market share during the forecast period

Integration and implementation services provide ease to organization in deploying API management solutions and accelerating digital transformation. These services ensure organizations that mission-critical applications would be integrated effortlessly with their internal and external systems and they would get the most out of investments made on API infrastructure.

Connectivity between digital assets and maintaining the security of these assets are of prime importance for any organization. System integrators help enterprises understand the operational functionalities of their existing systems and establish reliable connectivity between data, people, apps, and devices.

APAC to record the highest growth rate during the forecast period

APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for API management solution and services. Growing economies in countries, such as China, Japan, Australia and New Zealand, and India, provide huge opportunities for the adoption of the API management solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Assumptions for the Study

2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the API Management Market

4.2 API Management Market, By Industry and Country (2018)

4.3 API Management Market: Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Evolution

5.3 Lifecycle of API

5.4 Types of API

5.5 Case Study 1: Mulesoft

5.6 Case Study 2: Red Hat

5.7 Technology Trends and Standards

5.7.1 Introduction

5.7.2 Standards and Guidelines for API Management

5.7.2.1 Oauth 2.0

5.7.2.2 OData (Open Data Protocol)

5.7.2.3 Distributed Management Task Force (DMTF)

5.7.2.4 Telecommunication Industry Association (TIA)

5.8 Market Dynamics

5.8.1 Drivers

5.8.1.1 Growing Demand for API-Led Connectivity

5.8.1.2 Need for Public and Private APIs to Accelerate Digital Transformation

5.8.2 Restraints

5.8.2.1 API Security and Governance to Restrain the Growth of the API Management Market

5.8.3 Opportunities

5.8.3.1 API Management Solutions Powered With Advanced Analytics Capabilities

5.8.3.2 Low-Code Platform for API Development

5.8.4 Challenges

5.8.4.1 Dearth of Skilled Developers Required for Developing and Implementing API Management Solutions

6 API Management Market, By Component

6.1 Introduction

6.2 Solution

6.3 Services

7 API Management Market, By Deployment Type

7.1 Introduction

7.2 On-Premises

7.3 Cloud

8 API Management Market, By Organization Size

8.1 Introduction

8.2 Small and Medium Enterprises

8.3 Large Enterprises

9 API Management Market, By Industry

9.1 Introduction

9.2 Banking, Financial Services and Insurance

9.3 IT and Telecom

9.4 Government

9.5 Healthcare and Life Sciences

9.6 Retail and Consumer Goods

9.7 Media and Entertainment

9.8 Travel and Transportation

9.9 Manufacturing

9.10 Others

10 Geographic Analysis

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Middle East and Africa

10.6 Latin America

11 Competitive Landscape

11.1 Overview

11.2 Competitive Scenario

11.3 Microquadrant Overview

12 Company Profiles

12.1 Axway

12.2 CA Technologies

12.3 Google

12.4 IBM

12.5 Microsoft

12.6 Mulesoft

12.7 Oracle

12.8 Red Hat

12.9 Sap

12.10 Software AG

12.11 Tibco Software

12.12 Amazon Web Services

12.13 Dell Boomi

12.14 Kony

12.15 Osaango

12.16 Postman

12.17 Rogue Wave Software

12.18 Sensedia

12.19 Torry Harris Business Solutions

12.20 TYK

12.21 Wso2

For more information about this report visit https://www.researchandmarkets.com/research/867tbk/global_5_1bn_api?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190319005795/en/

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SOURCE: Research and Markets

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PUB: 03/19/2019 02:01 PM/DISC: 03/19/2019 02:01 PM

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