API management can be defined as the development of APIs (Application Programming Interface) which is the software allowing for two or more applications to interact with each other so that they can fulfil their purposes. This process deals with the design, publish, documenting and analysis of APIs in a secured environment; which helps the users that the APIs being produced are secure and easily accessible.
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API management market is growing due to increasing demand of mobile application, rising demand of web based API management; the effects of these factors are mentioned below:
Strategic acquisitions and product innovations of the major market players:
The market is segmented on the basis of type as carbon identity management, maps & location, speech/voice; solution is categorized into security, API gateway, API portal, API lifecycle management, API analytics, monetization, administration; service as integration, support maintenance, training consulting; deployment type as on-premises, cloud; organization size as large enterprises, small & medium enterprises; industry vertical as IT & telecommunications, government & defense, BFSI, media & entertainment, healthcare, retail & consumer goods, transportation, manufacturing.
“According to Data Bridge Market Research, global API management market is expected to be growing with a healthy CAGR of 19.3% during the forecast period of 2018 to 2025”
Some of the major players operating in market are Axway, Palo Alto Research Center Incorporated, Microsoft, Rogue Wave Software, Inc., SAP SE, Oracle, Red Hat, Inc., CA Technologies, Inc., Fiorano Software and Affiliates, Software AG, Boomi, Inc., International Business Machines Corp., Nexright, SnapLogic, TYK Technologies, digitalML, Mashape Inc., Mulesoft, Inc., Sensedia, Tibco Software, Inc., WSO2, Inc., Amazon Web Services Inc., and others.
With the various industries adopting IoT-based services and solutions, the market for specially designed applications for IoT are set to experience positive effects with a variety of associated markets also enhancing their uses in the industry. This trend, will have a positive impact on API management industry as well with the development of IoT-based applications on the rise to cater the growing demands of IoT-based software and applications which can help in the integration of devices and systems so that humans can operate them with better ease.
Global API Management Market– Industry Trends and Forecast to 2025
North America API Management Market– Industry Trends and Forecast to 2025
Europe API Management Market– Industry Trends and Forecast to 2025
Asia-Pacific API Management Market- Industry Trends and Forecast to 2025
Middle East and Africa API Management Market – Industry Trends and Forecast to 2025