Application Programming Interface (API) Security Market Size - By Offering (Solution, Services), By Enterprise Size (Large Enterprises, SMEs), By Deployment Model (Cloud, On-Premises), Industry Vertical & Global Forecast, 2023

Description

List of Tables

Application Programming Interface (API) Security Market size is anticipated to expand at 29.9% CAGR from 2023 and 2032, driven by escalating adoption in the current digital landscape worldwide. Of late, several organizations are incurring daunting challenges of securing their APIs against cyber threats to protect sensitive data and maintain operational integrity.

To counter these risks, API security solutions have emerged as critical components, further compelling industry players to focus on R&D activities for the development of advanced API solutions and services. For instance, in April 2023, F5, Inc. FFIV, launched its new AI-powered application and app API security features to give clients full protection and control when managing applications and APIs across on-premises, cloud, and edge locations.

The overall application programming interface security industry is bifurcated as per offering, enterprise size, deployment model, industry vertical, and region.

With respect to offering, the market size from the solution segment is anticipated to witness momentum between 2023 and 2032. The increasing reliance on APIs by organizations to facilitate data exchange and streamline processes has propelled the need for comprehensive security solutions. Additionally, the rising awareness of the potential risks associated with APIs coupled with stringent compliance requirements will further drive the segment expansion.

API security industry is poised to witness significant growth from the IT and telecom industry vertical segment through 2032. APIs enable seamless communication and data exchange between various systems and applications. Furthermore, with the IT and telecom industry constantly evolving and expanding, the need for robust API security solutions is surging to protect sensitive data, ensure compliance, and safeguard against cyber threats.

Regionally, Asia Pacific application programming interface security market is anticipated to experience rapid growth through 2032. The increasing adoption of digital technologies, cloud services, and mobile applications across diverse industries has surged the need for securing APIs to protect sensitive data and ensure compliance. The thriving e-commerce, finance, and IT sectors in the region rely heavily on APIs for connectivity, further creating favorable environment for the market players. To cite an instance, in June 2023, Internet Initiative Japan Inc., a prominent internet access and network solutions provider added a new API security service, Safous WAAP, to its Safous zero-trust security service package. The influx of regulatory frameworks and data protection laws have also reinforced the need for robust API security solutions, further contributing to the regional industry growth.

Product Code: 6454

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Application programming interface (API) security market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Offering trends
2.5 Enterprise size trends
2.6 Deployment model trends
2.7 Industry vertical trends

Chapter 3 API Security Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Growing digital transformation across various industries
  - 3.10.1.2 Proliferation of APIs
  - 3.10.1.3 Increasing cybersecurity threats and API breaches across industries
  - 3.10.1.4 Rising investment across API security vendors
  - 3.10.1.5 Growing adoption of API security solutions by SMEs
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Complexity of API ecosystem
  - 3.10.2.2 Limited awareness and education
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Google LLC
- 4.3.2 Fortinet Inc.
- 4.3.3 Palo Alto Networks
- 4.3.4 IBM Corporation
- 4.3.5 Oracle Corporation
- 4.3.6 Salt Security
- 4.3.7 Imperva Inc.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 API Security Market Estimates & Forecast, by Offering (Revenue)

5.1 Key trends, by offering
5.2 Solution
5.3 Services
- 5.3.1 Design and implementation
- 5.3.2 Consulting, training, and education
- 5.3.3 Support and Maintenance

Chapter 6 API Security Market Estimates & Forecast, by Enterprise Size (Revenue)

6.1 Key trends, by enterprise size
6.2 SMEs
6.3 Large enterprises

Chapter 7 API Security Market Estimates & Forecast, by Deployment Model (Revenue)

7.1 Key trends, by deployment model
7.2 On-premises
7.3 Cloud

Chapter 8 API Security Market Estimates & Forecast, By Industry Vertical (Revenue)

8.1 Key trends, by industry vertical
8.2 Healthcare
8.3 BFSI
8.4 Media & Entertainment
8.5 Manufacturing
8.6 IT & Telecom
8.7 Retail & E-commerce
8.8 Travel & Hospitality
8.9 Others

Chapter 9 API Security Market Estimates & Forecast, By Region

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Akana
10.2 Avanan
10.3 Axway Software
10.4 Cequence Security
10.5 Data Theorem API
10.6 Fortinet Inc.
10.7 Google LLC
10.8 IBM Corporation
10.9 Imperva, Inc.
10.10 Moesif, Inc.
10.11 MuleSoft
10.12 Oracle Corporation
10.13 Palo Alto Networks Inc.
10.14 Salt Security
10.15 Software AG
10.16 Wallarm