API Management Market Size, Share, Scenario on Latest Trends, Types and Applications and Forecast: 2022-2031

The Global API Management Market is expected to grow by 2031 at a CAGR of 35.86%.

The requirement to manage the usage of application programming interfaces to translate the data of systems or enterprises in a bid to make it usable for other sections of the organization or for third-party organizations in innovative ways is improving the global API management market. The increasing need for the governance and a life-cycle framework for APIs is also fueling the demand for API management solutions, which is reflecting positively on this market. The significant increase in the popularity of web APIs, together with the expanding demand for public as well as private APIs are anticipated to drive the development of the worldwide API management market remarkably in the years to come. Apart from this, the mobility of these solutions and apps explosion are also expected to favor this market tremendously over the next few years.

The global API Management market is segregated on the basis of Deployment Type as Cloud and On-Premises. Based on Organization Size the global API Management market is segmented in Large Enterprises and Small and Medium Enterprises. Based on Industry the global API Management market is segmented in Media and Entertainment, Travel and Transportation, Manufacturing, Banking, Financial Services, and Insurance, IT and Telecom, Government, Healthcare and Life Sciences, Retail and Consumer Goods, and Others.

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Based on Element, the global API Management market is segmented in Smart Port Infrastructure, Smart Safety & Security, Traffic Management System, Port Community System, and Terminal Automation & Cargo Handling.

The global API Management market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The API Management market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Rogue Wave Software, Sensedia, Torry Harris Business Solutions, Tyk, WSOT, CA Technologies, Google, IBM, Microsoft, MuleSoft, and others are among the major players in the global API Management market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The API Management Market has been segmented as below:

API Management Market, By Deployment Type

Cloud
On-Premises

API Management Market, By Organization Size

Large Enterprises
Small and Medium Enterprises

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API Management Market, By Region

North America
Europe
Asia-Pacific
Rest of the World

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