API Management Market Research Report by Forecast to 2022


Posted October 2, 2019 by son1ane

API Management Market by Component (Solutions, Services), Service (Training and Consulting, Integration) and Deployment (On-premises, Cloud) - Forecast to 2022
 
API Management Market Highlights:
The global application programming interface (API) management market is projected to touch the valuation of USD 3 Billion by 2022, suggests Market Research Future (MRFR). It could attain a CAGR of 35% during the forecast period (2016-2022).

Significant Vendors:
Significant vendors in the worldwide API Management Market are Microsoft Corporation (U.S.), Oracle Corporation (U.S.), CA Technologies, Inc. (U.S.), Cloud Elements Inc. (U.S.), MuleSoft, Inc. (U.S.), Mashape Inc. (U.S.), IBM Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany), Akana, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), and others.

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Growth Boosters and Key Barriers:
A high-quality API management solution is used for controlling the use of APIs to open data of enterprises in such a way that it can be used by other sectors of the organization as well. API management offers a resourceful, effective, and convenient experience in developing societies that make use of these APIs. Moreover, API management offers a life-cycle framework as well as governance for the APIs.

Advancements in the Internet of Things and Big Data, surging growing requirement to manage API traffic and benefits of cost and feature have collectively molded the API managements market significantly. Security concerns with regard to API could slow down the market growth rate during the review period. On a different note, system integrators along with SOA and PaaS integrations are poised to give way to several attractive growth opportunities for the API management market in the near future.

API Management Market Segmentation:
MRFR has considered the segments of component, service and deployment in the API management market.
• With respect to the component, the market has been segmented into solution and services (training, consulting, integration, security & maintenance).
• Depending on the deployment, the market caters to cloud-based and on-premise. Cloud deployment of API results in the development of services and applications that are used to provision cloud software, hardware and platforms. It acts as a gateway or interface while providing direct as well as indirect cloud infrastructure and software services to the user.

API Management Market Regional Insight:
Region-wise, the API management market is segregated into North America, Asia Pacific (APAC), Middle East & Africa, Latin America and Europe.

The IT industry in North America is at all-time high, which has landed the region at the top spot in the global API management market. Technological advancements coupled with the presence of a large number of cloud service providers benefits the regional market. Highest adoption of technologies like IoT, cloud, big data, mobility, digital transformation and analytics has been noted in this region, as a result of which the market could receive a significant boost in the subsequent years.

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Recent News:
August 2019
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Categories Business , Computers , Technology
Tags api management market , api management market forecast , api management market size , api management market trends
Last Updated October 2, 2019