Global API Management Market Research Report- Forecast to 2027

Global API Management Market by Component (Solutions, Services), by Service (Training and Consulting, Integration, Support & Maintenance) and Deployment (On-premises, Cloud) - Forecast to 2027

ID: MRFR/ICT/1796-HCR | February 2021 | Region: Global | 100 pages

Market Overview
The Global API Management Market report includes the functions of the API market that are related to publishing, documenting, as well as, overseeing the application programming interfaces. These act as an entry mode to a secure environment. All these integrate, and come together as the API management. The main aim of the API management market is to allow, as well as, support an organization that functions to publish an API to monitor the lifecycle of an interface. The ways to cater to the developers’ needs are also a considerable part of the market functions.


The software used for the API management can either be in-house built or purchased from any third party. The programming interfaces assist in functions like connections, as well as, automate, in between in the API along with its applications. These ensure a good level of consistency between different APIs, for their implementations, along with monitoring traffic from the individual applications. The market is expected to increase at a 35% CAGR by the end of the global forecast to 2022, along with a market valuation of USD 3 billion.


COVID 19 Analysis


The beginning of the 2020 decade was expected to achieve the demand for sustainable development goals (SDGs) and was successful to a considerable extent. The Worth Health Organization (WHO) has reached this target but, the global spread of the pandemic has hampered the growth to quite an extent. The trend of the imposition has affected the production and management chains. However, in response to the coronavirus disease that has spread since the end of 2019, many countries extended their lockdown period.


The concerns regarding the apply chain management are growing is drastically accelerating the trend that is related to the digitization in the field of financial services. But, there is a global challenge with relation to customer behaviors, digitization of the businesses, along the straining of the IT teams. The global companies are aiming to adapt to the changing capabilities in the digital scenario, as well as, the transformation of the IT operations on a wide scale.


Market Dynamics


Drivers


Some of the major contributors that are related to the global API management market are termed mobility, increased mobile subscribers, app proliferation, social media rise, along the growth in the APIs of both public, and private sector. Also, there is an increase in the momentum of the web APIs, along with the increased advancements related to the IoTs, as well as, big data requirements.


Challenges


The issues related to data security, legacy investments in the SOA field, as well as, the performance of monitoring done by the skilled professionals are emerging as major challenges in the market growth.


Opportunities


The system integrators, transformation for the digital areas, SOA, as well as, the PaaS integrations are the factors bringing growth opportunities for the API management market growth, by the end of the global forecast to 2022.


Technology Analysis


The API market is extending great opportunities to the market players to make use of API to conduct the monitoring process of the interface lifecycle. Owing to the need of the hour, this is what the developers require to help the market and grow out of the restrictions imposed due to the spread of the pandemic. The working environment is safe and secure. The major functions can be performed by making use of the connections established in between the global API processes, as well as, their applications.


Study Objectives



  • To study the API management market trends, the segments of the market, its sub-segments that ensure the market growth by the end of the global forecast to 2022.

  • To understand the regional analysis of the API Market, key players functioning in these regions, as well as, draw a competitive landscape for the market for analyzing the growth chart

  • To make use of the historic period data, collaborate it with the current scenario, and predict the future market growth

  • To conduct a comprehensive analysis of the core market competencies

  • To take a note of the company’s joint ventures, mergers, acquisitions, new product launches, changes in product portfolios, research and developments, on a global scale.


Segment Overview


The API Management Market segments are based on the components of the market, services, deployment initiatives, as well as, the regions where the market is spread. These are:


Components


Based on components, the API Market offers both solutions, and services to the target audience. The services have further sub-segments like training, support, consultation, maintenance, as well as, integration. Support and maintenance dominated after attaining the largest market share as they deal in providing recent fixtures, along with the API management solution enhancement.


Regions


The market is established in 4 major locations namely the North American region, Asian Pacific nations, Europe, along the rest of the world (RoW).


Deployment


The deployment of the API management services is done on-premises and cloud-based services.


Regional Analysis


Owing to the prevailing market trends, North American regions are expected to have the largest market share. This is because of the technological advancements, along with the presence of a majority of cloud-based service providers in the region. Following the USA and Canada, for global growth of the API management market segments, the Asian Pacific is also expected to grow. As, per the forecast for the future forecast of 2022, the market is all set to witness a wide acceptance of cloud-based solutions. Also, the market is witnessing an emergence in the technologies like analytics, big data, along with the Internet of Things (IoT).


Competitive Landscape


The API management business is noticing the product developments after the acquisitions, and mergers, of the key market players. Also, the report is aiming to draw a competitive landscape. The prominent players in the API management market analysis are:



  • Akana, Inc. (U.S.)

  • SAP SE (Germany)

  • CA Technologies, Inc. (U.S.)

  • IBM Corporation (U.S.)

  • RedHat, Inc. (U.S.)

  • Microsoft Corporation (U.S.)

  • MuleSoft, Inc. (U.S.)

  • Oracle Corporation (U.S.)

  • Hewlett-Packard Enterprises Co. (U.S.)

  • Mashape Inc. (U.S.)

  • Cloud Elements, Inc. (U.S.)


The key market players are advancing automation by pairing with artificial intelligence that can enter the information into the invoice fields. This will ensure data accuracy as the market is moving towards the forecast year of 2022.


Recent Developments



  • The API management industry is making use of OCR that automatically enables the users to recognize texts regardless of the invoice format. The API system of the market helps in extracting data and further helps in verification against the configurable rules.

  • With the growth of the API management business, the SMEs can receive a larger quantum of electronic invoices, and up-gradation of technology, owing to the dynamicity. This will ensure convenient working. This is gaining momentum in the mid-organizations, as well.

  • To improve the API efficiency, the API departments are working on their customized workflows catering to their specific needs. API Management promises a greater level of efficiency and accuracy.

  • The use of the API management solutions also automatically sends notifications, and timely reminders, that prevent delays. Also, the market functions to reduce the time consumed in making payments well in time. SMEs are on the wat to recognize the value of these in their workflow, also.

  • IBM developed the IBM API connect for the direct integration of the APIs to help to ensure stability and improved performance.


Report Overview


The global API management report consists of the solutions that are included with API gateways, lifecycle management, analytics, as well as, developer portals. The report shows that API management is a combination of procedures that the organizations gain control of, along with the visibility for connecting data, as well as, applications, for businesses, and the cloud. The report discusses the market segments and determines the full potential of the services, for both the regional and the global key market players. Also, the scope of the market, and the forecast in terms of the market growth, by the end of the forecast year of 2022 is mentioned.


The efficiency of the global market is extended to various sectors that might contribute to the market growth and facilitate cache management for improvisation in the performance of applications around the globe. The report covers all the aspects of the market concerning the expected growth in the future.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3 Billion (2022)
  CAGR   35% (2022)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trend
  Segments Covered   by Component, by Service, Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Akana, Inc. (U.S.), SAP SE (Germany), CA Technologies, Inc. (U.S.), IBM Corporation (U.S.), RedHat, Inc. (U.S.), Microsoft Corporation (U.S.), MuleSoft, Inc. (U.S.), Oracle Corporation (U.S.), Hewlett-Packard Enterprises Co. (U.S.), Mashape Inc. (U.S.), Cloud Elements, Inc. (U.S.)
  Key Market Opportunities   The system integrators, transformation for the digital areas, SOA, as well as, the PaaS integrations are the factors bringing growth opportunities for the API management market growth, by the end of the global forecast to 2022.
  Key Market Drivers   Some of the major contributors that are related to the global API management market are termed mobility, increased mobile subscribers, app proliferation, social media rise, along the growth in the APIs of both public, and private sector.


Frequently Asked Questions (FAQ) :


On-premises and Cloud are the deployment-dependent segments in the market.

Rising mobility and app proliferation, mounting number of mobile subscribers, surge in social media, soaring demand for private and public APIs, increasing popularity of web APIs as well as the advancements in internet of things and big data are the top growth-inducing factors in the market.

Oracle Corporation (U.S.), Akana, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Microsoft Corporation (U.S.), Mashape Inc. (U.S.), MuleSoft, Inc. (U.S.), RedHat, Inc. (U.S.), CA Technologies, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), SAP SE (Germany), BM Corporation (U.S.), are the most renowned vendors in the worldwide market.

The expected growth rate of the market in the near future is 35%.

North America, Europe, Asia Pacific, and Rest of the World (ROW) are the regional segments of the market.

● Manufacturers of API management ● Company stakeholders, and end-users ● Potential investors in technology ● Software developers and consultation firms ● Research-based firms ● Manufacturers of semiconductors ● General distributor firms ● API market vendors

The market is expected to grow at a 35% CAGR by the end of the global forecast period of 2016-2022.

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH NETWORK SOLUTION

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 GLOBAL API MANAGEMENT MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOLUTION

6.2.1.2 SERVICE

6.2.2 BY SERVICE

6.2.2.1 TRAINING AND CONSULTING

6.2.2.2 INTEGRATION

6.2.2.2 SECURITY & MAINTENANCE

6.2.3 BY DEPLOYMENT

6.2.3.1 CLOUD-BASED

6.2.3.2 ON-PREMISES

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 IBM CORPORATION (U.S.),

7.2.2 MICROSOFT CORPORATION (U.S.),

7.2.3 AKANA, INC. (U.S.),

7.2.4 CA TECHNOLOGIES, INC. (U.S.),

7.2.5 CLOUD ELEMENTS, INC. (U.S.)

7.2.6 HEWLETT-PACKARD ENTERPRISES CO. (U.S.),

7.2.7 MASHAPE INC. (U.S.)

7.2.8 MULESOFT, INC. (U.S.)

7.2.9 ORACLE CORPORATION (U.S.),

7.2.10 REDHAT, INC. (U.S.)

7.2.11 SAP SE (GERMANY),

7.2.12 OTHERS


LIST OF TABLES
TABLE 1 GLOBAL API MANAGEMENT MARKET, BY COMPONENT

TABLE 2 GLOBAL API MANAGEMENT MARKET, BY SERVICE

TABLE 3 GLOBAL API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 4 GLOBAL API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 5 NORTH AMERICA API MANAGEMENT MARKET, BY COMPONENT

TABLE 6 NORTH AMERICA API MANAGEMENT MARKET, BY SERVICE

TABLE 7 NORTH AMERICA API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 8 NORTH AMERICA API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 9 U.S. API MANAGEMENT MARKET, BY COMPONENT

TABLE 10 U.S API MANAGEMENT MARKET, SERVICE

TABLE 11 U.S. API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 12 U.S. API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 13 CANADA API MANAGEMENT MARKET, BY COMPONENT

TABLE 14 CANADA API MANAGEMENT MARKET, BY SERVICE

TABLE 15 CANADA API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 16 CANADA API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 17 EUROPE API MANAGEMENT MARKET, BY COMPONENT

TABLE 18 EUROPE API MANAGEMENT MARKET, BY SERVICE

TABLE 19 EUROPE API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 20 EUROPE API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 21 GERMANY API MANAGEMENT MARKET, BY COMPONENT

TABLE 22 GERMANY API MANAGEMENT MARKET, BY SERVICE

TABLE 23 GERMANY API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 24 GERMANY API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 25 FRANCE API MANAGEMENT MARKET, BY COMPONENT

TABLE 26 FRANCE API MANAGEMENT MARKET, BY SERVICE

TABLE 27 FRANCE API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 28 FRANCE API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 29 U.K. API MANAGEMENT MARKET, BY COMPONENT

TABLE 31 U.K. API MANAGEMENT MARKET, BY SERVICE

TABLE 32 U.K. API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 33 U.K. API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 34 REST OF EUROPE API MANAGEMENT MARKET, BY COMPONENT

TABLE 35 REST OF EUROPE API MANAGEMENT MARKET, BY SERVICE

TABLE 36 REST OF EUROPE API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 37 REST OF EUROPE API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 38 ASIA-PACIFIC API MANAGEMENT MARKET, BY COMPONENT

TABLE39 ASIA-PACIFIC API MANAGEMENT MARKET, BY SERVICE

TABLE 40 ASIA-PACIFIC API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 41 ASIA-PACIFIC API MANAGEMENT MARKET, BY GEOGRAPHY

TABLE 42 MIDDLE EAST & AFRICA API MANAGEMENT MARKET, BY COMPONENT

TABLE 43 MIDDLE EAST & AFRICA API MANAGEMENT MARKET, BY SERVICE

TABLE 44 MIDDLE EAST & AFRICA API MANAGEMENT MARKET, BY DEPLOYMENT

TABLE45 MIDDLE EAST & AFRICA API MANAGEMENT MARKET, BY GEOGRAPHY


LIST OF FIGURES
FIGURE 1 RESEARCH SERVICE

FIGURE 2 GLOBAL API MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 3 GLOBAL API MANAGEMENT MARKET, BY SERVICE (%)

FIGURE 4 GLOBAL API MANAGEMENT MARKET, BY DEPLOYMENT(%)

FIGURE 5 GLOBAL API MANAGEMENT MARKET, BY REGIONS(%)

FIGURE 6 NORTH AMERICA API MANAGEMENT, BY COUNTRY(%)

FIGURE 7 NORTH AMERICA API MANAGEMENT, BY COMPONENT (%)

FIGURE 8 NORTH AMERICA API MANAGEMENT, BY SERVICE (%)

FIGURE 9 NORTH AMERICA API MANAGEMENT, BY DEPLOYMENT (%)

FIGURE 10 EUROPE API MANAGEMENT, BY COUNTRY (%)

FIGURE 11 EUROPE API MANAGEMENT, BY COMPONENT (%)

FIGURE 12 EUROPE API MANAGEMENT, BY SERVICE (%)

FIGURE 13 EUROPE API MANAGEMENT, BY DEPLOYMENT (%)

FIGURE 14 ASIA-PACIFIC API MANAGEMENT, BY COUNTRY (%)

FIGURE 15 ASIA-PACIFIC API MANAGEMENT, BY COMPONENT (%)

FIGURE 16 ASIA-PACIFIC API MANAGEMENT, BY SERVICE (%)

FIGURE 17 ASIA-PACIFIC API MANAGEMENT, BY DEPLOYMENT (%)

FIGURE 18 REST OF THE WORLD API MANAGEMENT, BY COUNTRY (%)

FIGURE 19 REST OF THE WORLD API MANAGEMENT, BY COMPONENT (%)

FIGURE 20 REST OF THE WORLD API MANAGEMENT, BY SERVICE (%)

FIGURE 21 REST OF THE WORLD API MANAGEMENT, BY DEPLOYMENT (%)