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Pulished Date August, 2019
ID: 8291
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Global API Management Market Analysis - Segmentation By Deployment Type (Cloud, On-Premises and Hybrid), By Services (Analytics, Portal, Gateway, Governance, Security, and Others), By Industry (Aerospace And Defense, Banking And Finance, Automotive And Transportation, Public Sector And Government, Retail And Consumer, Healthcare And Life Sciences, And Technology And Media), By Region, And Segment Forecasts, 2020 To 2025

Pulished: August, 2019
ID: 8291
Pages: 170

Global API Management Market Size & Growth (2020 - 2025)

The global application programming interface management (API) market size will grow from $ 3.02 billion in 2019 to $ 6.81 billion in 2025, recording a CAGR of about 33% during the assessment period.

The application programming interface (API), in general, includes several protocols, tools, and subroutines that can be used to develop various applications. It acts as a major communication code between software and API management that enables any organization to track the performance of the interface and meet the needs of the developers. API management helps monitor traffic for individual applications and facilitates cache management to improve application performance. Because API management software can be created internally by an organization or imported from external suppliers, it has become an essential tool for many commercial suppliers to improve their customer experience.

The API has been used as a tool to access data via mobile applications, the Internet of Things (IoT) and cloud platforms. APIs allow a company to securely expose its content or services inside and outside the company. API management solutions refer to the process of designing, distributing, publishing, controlling and analyzing APIs. An API management solution typically includes a developer portal, API gateway, API lifecycle management, and analytics.

API management consists of a set of processes through which organizations can gain control and visibility of the APIs used to connect data and applications to the cloud and businesses. API management provides businesses with an API gateway, developer portal, API lifecycle management, API monetization support, and API lifecycle management. To determine the full potential of their data services, organizations use API management which publishes APIs to internal, external and partner developers. It also helps to create, protect, manage, evolve and analyze APIs.

Recent developments:

  • In July, Microsoft (United States) announced the launch of the integration of Azure API Management (APIM) with Azure Application Insights (AI). This functionality enables customers to implement APIM telemetry to artificial intelligence and employ the full set of AI features to manage and troubleshoot their APIs.
  • Microsoft (USA) in March introduced a novel Custom Vision service on the Azure. This is utilized as cloud-hosted APIs that can assist developers to combine artificial intelligence abilities for speech, language, vision, knowledge and research.
  • IBM Corp developed IBM API Connect to integrate APIs directly from SwaggerHub, this solution will help ensure and provide stability and improve performance.
  • IBM has sponsored conferences on the application programming interface (API) worldwide, where the main initiative of the company was to provide professionals with the opportunity to solve real business problems.

Market growth and trends:

The mobility and proliferation of applications is the main factor that increases the demand for API management. With the growing number of mobile subscribers, the rise of social media and the penetration of electronic commerce, suppliers from various industries are now able to interactively provide information to their consumers, thereby increasing their sales. The advancement of the Internet of Things and Big Data, as well as the cost benefits and features, are two other important factors driving the global API market. In addition, as API management contributes to the systematic application of policies and insightful analytical visualization, the demand should extend to several organizations wishing to increase their productivity.

Market Drivers and Restraints:

The increased demand for API-based connectivity is primarily driving the growth of the global API management market. Additionally, companies around the world are implementing strategies to manage their application program interface to quickly respond to changing customer demands. This is an important factor that is expected to drive growth in the global API management market. Businesses in various industries focus on providing an enhanced store or store experience, as well as personalized recommendations, product support, and offers based on gender, location, and customer behavior through API Management Solutions. These are the main factors that should drive the growth of the global API management market. However, the shortage of professionals required to develop and implement API management solutions is a difficult factor that can hinder the growth of the global API management market. By contrast, the low-code API development platform should offer significant opportunities for this market.

Market segmentation:

The global API management market has been segmented by deployment type, services, industry and region.

Depending on the type of deployment, the market forks in the cloud, on-site, and hybrid. The demand for cloud-based implementation is expected to increase significantly in the forecast due to the high flexibility and scalable implementation provided by the cloud at a low cost.

Depending on the services, the market is classified into analytics, portal, gateway, governance, security, and others. Security meditates and protects the traffic between companies and developers or client application programming interfaces. Analytics offers visualization tools, dashboards, and reports that can help end-users to measure the data flow between application programming interfaces.

Competitive Landscape:

A leader in providing a complete suite of API management solutions and services, IBM meets the needs of organizations around the world. The company offers IBM API Connect to its global customers to take advantage of API management. The IBM Connect API addresses the critical API life cycle process in the cloud and on-premises platforms. The Enterprise API Management Solution helps businesses create, manage, run, and protect APIs. IBM has created strong brand value in the technology space, targeting customers in all industries. The company is stepping up its focus on innovation and stands out for the quality of its products. It also continually invests in R&D activities to strengthen its solutions. IBM has a widely integrated supply chain and has optimized inventory over time, allowing IBM to reduce risk during market changes.

Key players in the market:

Leading players in the global API management market are IBM (USA), Google (USA), Oracle (USA), Red Hat (United States), Software AG (Germany), Axway (United States), MuleSoft (United States), Microsoft (United States), SAP SE (Germany), AWS (United States), CA Technologies (United States), TIBCO (United States), Kony (United States), Rogue Wave Software (United States), Sensedia (Brazil), Torry Harris Business Solutions (United States), Tyk Technologies (England), WSO2 (United States), Osaango (Finland), Dell Boomi (United States) and Postman (United States).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 API Management Market, By Deployment Type                        

                                6.1.1 Cloud         

                                6.1.2 Hybrid       

                                6.1.3 On-Premises          

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 API Management Market, By Services                           

                                6.2.1 Analytics  

                                6.2.2 Portal        

                                6.2.3 Gateway  

                                6.2.4 Governance           

                                6.2.5 Security    

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

                6.3 API Management Market, By Industry                           

                                6.3.1 Aerospace And Defense   

                                6.3.2 Banking And Finance          

                                6.3.3 Automotive And Transportation    

                                6.3.4 Public Sector And Government,    

                                6.3.5 Retail And Consumer          

                                6.3.6 Healthcare And Life Sciences          

                                6.3.7 Technology And Media      

                                6.3.8 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.9 Y-o-Y Growth Rate Analysis             

                                6.3.10 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Deployment Type          

                                7.2.3 By Services              

                                7.2.4 By Industry             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Deployment Type          

                                7.3.3 By Services              

                                7.3.4 By Industry             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Deployment Type          

                                7.4.3 By Services              

                                7.4.4 By Industry             

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Deployment Type          

                                7.5.3 By Services              

                                7.5.4 By Industry             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Deployment Type          

                                7.6.3 By Services              

                                7.6.4 By Industry             

8. Key Player Analysis                                    

                8.1 IBM Corp                     

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Google Inc                  

                8.3 Oracle Inc                    

                8.4 Red Hat                        

                8.5 Axway                          

                8.6 MuleSoft                     

                8.7 Microsoft                    

                8.8 SAP SE                          

                8.9 AWS                              

                8.10 CA Technologies                    

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by Deployment Type, Services, Industry along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global API Management Market By Region, From 2020-2025 ( USD Billion )
  2. Global API Management Market By Deployment Type, From 2020-2025 ( USD Billion )
  3. Global Cloud Market By Region, From 2020-2025 ( USD Billion )
  4. Global Hybrid Market By Region, From 2020-2025 ( USD Billion )
  5. Global On-Premises Market By Region, From 2020-2025 ( USD Billion )
  6. Global API Management Market By Services, From 2020-2025 ( USD Billion )
  7. Global Analytics Market By Region, From 2020-2025 ( USD Billion )
  8. Global Portal Market By Region, From 2020-2025 ( USD Billion )
  9. Global Gateway Market By Region, From 2020-2025 ( USD Billion )
  10. Global Governance Market By Region, From 2020-2025 ( USD Billion )
  11. Global Security Market By Region, From 2020-2025 ( USD Billion )
  12. Global API Management Market By Industry, From 2020-2025 ( USD Billion )
  13. Global Aerospace And Defense Market By Region, From 2020-2025 ( USD Billion )
  14. Global Banking And Finance Market By Region, From 2020-2025 ( USD Billion )
  15. Global Automotive And Transportation Market By Region, From 2020-2025 ( USD Billion )
  16. Global Public Sector And Government, Market By Region, From 2020-2025 ( USD Billion )
  17. Global Retail And Consumer Market By Region, From 2020-2025 ( USD Billion )
  18. Global Healthcare And Life Sciences Market By Region, From 2020-2025 ( USD Billion )
  19. Global Technology And Media Market By Region, From 2020-2025 ( USD Billion )

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