(MENAFN- America News Hour) Global API Management Market was valued at USD $1.6 Billion in the year 2019. Global API Management Market is further estimated to grow at a CAGR of 33.2% from 2019 to reach USD $9.04 Billion by the year 2025.
Advancements of the Big Data and Internet of Things, increasing requirements to manage API traffic, and feature & cost benefits are some of the major factors assumed to tower the development of API managements Market. Security problems associated to API is expected to restrain the development of API management industry in the forecast period. Nevertheless, PaaS and SOA integrations along with system integrators are expected to unlock up new alluring avenues in near future. Moreover, new product launches by market players are also set to power the development of API management market. For example, in August 20198 Microsoft announced plans for rolling a new BizTalk Server service in addition to details about its dream of Azure Integration Services.
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North America is likely to hold largest market share in coming years in API management industry. Rising popularity of web APIs will be the major boosting factors for development of API management industry in this area. The high acceptance rate of new tech is likely to support the development of API management industry in Europe. Increasing numbers of mobile users paired with penetration of e-commerce in up-and-coming nations is likely to boost the API management industry in Asia Pacific extremely. China held the biggest share of API management industry in Asia Pacific. Latin America is also likely to show obvious development in the API managements industry in near future.
Major market players in API Management are CA Technologies, Microsoft Corporation, Akana Inc, Apiary Inc., Google Inc., Red Hat Inc., Axway Inc., Mashape Inc., Fiorano Software, HP, MuleSoft Inc., Sensedia, SAP SE, TYK Technologies, Tibco Software, IBM Corporation, and Cloud Elements Inc. and brief information of 5 more companies provided in the report.
API Management Market Overview, By Deployment
*On-Premises
*Cloud
API Management Market Overview, By Solution
*API Portal
*Security
*Monetization
*API Gateway
*API Analytics
*Administration
API Management Market Overview, By Service
*Training & Consulting
*Support & Maintenance
*Integration
API Management Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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