PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838368
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838368
Global API Management Market Introduction and Overview
According to SPER market research, 'Global API Management Market Size- By Platform, By Service - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global API Management Market is predicted to reach 38.53 billion by 2034 with a CAGR of 17.38%.
API management comprises a collection of tools, protocols, and subroutines that are essential for developing software applications. It enables the creation and dissemination of web application programming interfaces (APIs), imposes usage regulations, manages access, cultivates subscriber communities, and gathers as well as evaluates usage data, alongside reporting performance indicators. The primary objective of API management is to enable organizations to efficiently publish APIs and manage their lifecycle, ensuring smooth monitoring and administration of interfaces throughout their operational path.
Restraints: Several obstacles impede the extensive adoption of API management. To start with, there exists a deficit of understanding regarding the advantages of API management among developers and companies in specific areas. Numerous organizations hesitate to allocate resources towards advanced technology due to uncertainties over potential returns on investment. Furthermore, in emerging markets, there is a restricted awareness of the benefits associated with the API management sector, particularly concerning corporate and healthcare applications.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Platform, By Service
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Google, IBM, AWS, Microsoft, MuleSoft, Axway, Software AG, WSO2, Broadcom, TIBCO Software.
Global API Management Market Segmentation:
By Platform: Based on the Platform, Global API Management Market is segmented as; API Gateways, API Lifecycle Management, API Security, API Analytics & Monitoring, API Developer Portal.
By Service: Based on the Service, Global API Management Market is segmented as; Integration & Implementation, Support & Maintenance, Training & Education.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.