PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334632
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334632
Global Application Programming Interface (API) Security Market is valued at approximately USD 561.5 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 32.5% over the forecast period 2023-2030. API security refers to the set of practices, technologies, and measures implemented to protect application programming interfaces (APIs) from unauthorized access, data breaches, and malicious activities. It involves ensuring the integrity, confidentiality, and availability of data exchanged through APIs, as well as preventing API-specific attacks such as injection, spoofing, and unauthorized API access. API security encompasses authentication, authorization, encryption, rate limiting, threat monitoring, and adherence to industry best practices to safeguard the API ecosystem and maintain trust among API consumers and providers. The driving factors boosting the market growth are the increasing adoption of cloud computing and growing cybersecurity concerns.
According to Statista, the global cloud applications market was valued at USD 133.6 billion in 2021 and is projected to reach USD 168.6 billion by 2025. The market for cloud applications software is expected to grow at a CAGR of 4.8 percent. Moreover, increasing adoption of APIs and advancements in API security solutions may create abundant opportunities in the market. However, the rapidly evolving threat landscape and lack of awareness and understanding of Application Programming Interface (API) Security stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Application Programming Interface (API) Security Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 because of the well-developed cybersecurity industry, high level of awareness about the importance of cybersecurity and significant investments in the industry. However, Asia Pacific is expected to become the fastest growing region during the forecast period, owing to factors such as increasing digitalization, growing cybersecurity concerns, and rapid adoption of cloud computing and Software-as-a-Service (SaaS) solutions.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable