(MENAFN- PR Newswire)
NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The
API Management market
report has been added to Technavio's
offering.
With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the API management market between 2022 and 2026 is USD 6.70 billion. The continugrowth in digital payments drives the API management market. Digital payments are expected to constitute almost 90% of the total
spent in Canada by 2030. As a result, several
banking institutions
across the globe are offering digital payment solutions to improve
banking processes, which
helps many banking companies
gain a competitive advantage over their rivals. Hence, such factors are
expected to replace plastic cards with virtual account numbers,
allowing businesses to manage a wide range of corporate expenses smoothly.
Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here Continue Reading
Technavio has announced its latest market research report titled Global API Management Market 2022-2026
Market Challenge - A lack of a strong and high-quality network challenges the growth of the API management market.
In order to use software seamlessly, enterprises need to maintain
a constant Inteconnection around the clock.
In case
the software is unable to update real-time transactions, especially in the investment banking sector, it can lead to huge monetary losses for
enterprises. In December 2021, the average broadband Intespeed in emerging economies
was 50% slower than the global broadband Intespeed. Hence, such challenges impede the growth of API management during the forecast period.
Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now
The API management market has been segmented by Deployment (cloud and on-premise) and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
The
cloud
segment will be significant during the forecast period. This type of
API allows applications to communicate and transfer data to and from the cloud and it
also integrates
different cloud and on-premises applications, supporting developers and administrators
even further in automating API provisioning, activation, setup, monitoring, and troubleshooting. Hence, such factors drive the growth of the cloud segment of the API management market during the forecast period. 26%
of the global market's growth will originate from North America during the forecast period. Factors like increased smartphone penetration and connectivity
will facilitate the
application programming interfaces management market
growth in North America.
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the API management market:
Akamai Technologies Inc., Alphabet Inc., AmazonInc., Axway Software SA, Boomi LP, International Business Machines Corp., Kong Inc, Microsoft Corp., Oracle Corp., SalesforceInc., SAP SE, Sensedia SA, Software AG, TISoftware Inc., Torry Harris Business Solutions, Workato, WSO2 Inc., BroaInc., Postman Inc.
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API Management Market Scope |
Report Coverage | Details |
Base year | 2021 |
Historic period | 2017-2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 20.56% |
Market growth 2022-2026 | USD 6.70 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 11.1 |
Regional analysis | North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution | North America at 26% |
Key countries | US, China, Japan, Germany, and UK |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Akamai Technologies Inc., Alphabet Inc., AmazonInc., Axway Software SA, Boomi LP, International Business Machines Corp., Kong Inc, Microsoft Corp., Oracle Corp., SalesforceInc., SAP SE, Sensedia SA, Software AG, TISoftware Inc., Torry Harris Business Solutions, Workato , WSO2 Inc., BroaInc., and Postman Inc. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers,
Challenges, &
Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis foon emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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