Global Application Programming Interfaces (API) Management Market – Industry Trends and Forecast to 2030

Global Application Programming Interfaces (API) Management Market, By Component (Solution and Services), Deployment Type (On-Premises and Cloud), Organization Size (Small and Medium Enterprises and Large Enterprises), Industry (Banking, financial Services and Insurance, IT and Telecom, Government, Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, Travel and Transportation, And Manufacturing) - Industry Trends and Forecast to 2030.

Application Programming Interfaces (API) Management Market Analysis and Size

Application programming interfaces (API) management basically consists of a set of tools, protocols and subroutines which are used to build software applications which aids in of creating and publishing web application programming interfaces, enforcing their usage policies, controlling access, nurturing the subscriber community, collecting and analyzing usage statistics, and reporting on performance. In addition to this, the growing demand for API-led connectivity, and need for public and private APIs to accelerate digital transformation will further aggravate the growth of the global application programming interfaces (API) management market. The System integrators and SOA and PaaS integrations is anticipated to generate lucrative opportunities for the global application programming interfaces (API) management market.

Data Bridge Market Research analyses that the global application programming interfaces (API) management market, which was USD 3.77 billion in 2022, is expected to reach USD 32.79 billion by 2030, at a CAGR of 31.05% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Application Programming Interfaces (API) Management Market Scope and Segmentation  

Market Definition

The API management refers to the software and services that help organizations design, develop, publish, manage, secure, and analyze APIs. APIs are the building blocks of the digital economy, and API management solutions are essential for businesses that want to build and operate successful API-driven businesses. The API management market is expected to grow rapidly in the coming years, driven by the increasing adoption of APIs by businesses of all sizes, the growing demand for secure and reliable API management solutions, and the emergence of new technologies such as cloud computing and artificial intelligence.

Global Application Programming Interfaces (API) Management Market Dynamics

Drivers

• Increasing Adoption of APIs

APIs are becoming increasingly important for businesses of all sizes, as they enable businesses to connect with their customers and partners in new and innovative ways. For example, APIs can be used to power mobile apps, e-commerce websites, and social media platforms.

• Growing Demand for Secure and Reliable API Management Solutions

As businesses become more reliant on APIs, the demand for secure and reliable API management solutions is increasing. API management solutions help businesses to secure their APIs, manage access to their APIs, and monitor the performance of their APIs.

Opportunity

• The Emergence of New Technologies Such as Cloud Computing and Artificial Intelligence

New technologies such as cloud computing and artificial intelligence are driving the need for API management solutions. This presents an opportunity for API management vendors to develop new and innovative solutions that meet the needs of businesses that are using these new technologies.

Restraints/Challenges

• Complexity of API Management Solutions

API management solutions can be complex and expensive to implement. This complexity and expense can be a barrier to entry for small and medium-sized enterprises (SMEs).

• Lack of Awareness and Understanding of API Management

Many businesses are not aware of the benefits of API management, or they do not understand how to implement and use API management solutions. This lack of awareness and understanding is a major restraint for the growth of the global application programming interfaces (API) management market.    

This global application programming interfaces (API) management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global application programming interfaces (API) management market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In March 2022, Microsoft's launch of the Direct Storage API for game developers represents a significant advancement in game storage and loading times. This API optimizes SSD NVMe accesses, resulting in faster loading times and improved efficiency. By allowing assets to transfer directly to the GPU and supporting GPU file compression and decompression, Direct Storage enables quicker level transitions, reduced pop-ups, and enhanced gaming experiences. While specific game implementations have not been announced yet, this move positions Microsoft to offer improved gaming experiences on PCs, potentially attracting more gamers to its ecosystem and bolstering its presence in the gaming industry
• In November 2019, Oracle has expanded its cloud offerings with the launch of Kafka Compatibility for Oracle Streaming, Oracle API Gateway, and Oracle Logging. These services are part of Oracle's efforts to provide comprehensive tools and frameworks for cloud-native software development and management. The API Gateway plays a central role in connecting various applications and services, facilitating cloud-native development without the need for complete re-architecture. By offering these services, Oracle aims to provide a complete cloud-native solution for its customers, enabling them to modernize existing applications and build new ones seamlessly. This expansion helps Oracle compete in the cloud-native market and retain customers by offering a comprehensive cloud-native development and management platform

Global Application Programming Interfaces (API) Management Market Scope

The global application programming interfaces (API) management market is segmented on the basis of component, deployment type, organization size and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Solutions
• API platform
• API portal
• API gateway
• API administration
• API monetization
• API analytics and security
• Services
• Integration and implementation
• Consulting
• Support and Maintenance
• Training and Education

Deployment Mode

• On-Premises
• Cloud

Organization Size

• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises

Industry

• Banking
• Financial Services and Insurance
• IT and Telecom, Government
• Healthcare and Life Sciences
• Retail and Consumer Goods
• Media and Entertainment
• Travel and Transportation
• Manufacturing
• Others

Global Application Programming Interfaces (API) Management Market Regional Analysis/Insights

The global application programming interfaces (API) management market is analysed and market size insights and trends are provided by country, component, deployment type, organization size and industry as referenced above.

The countries covered in the global application programming interfaces (API) management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America has the biggest market share as U.S. has a robust technological infrastructure that supports the development and adoption of API management solutions. The region has a high concentration of tech companies, data centers, and cloud service providers, creating a conducive environment for API-related technologies.

The Asia-Pacific region is growing at a faster rate due to the digital economy in the Asia Pacific region is growing rapidly, driven by factors such as the increasing adoption of smartphones and the internet, and the growing demand for online services. The growth of the digital economy is driving the demand for API management solutions, as businesses in the region are increasingly using APIs to connect their products and services to each other.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Application Programming Interfaces (API) Management Market Share Analysis

The global application programming interfaces (API) management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global application programming interfaces (API) management market.

Some of the major players operating in the global application programming interfaces (API) management market are:

• Perforce Software, Inc. (U.S.)
• Oracle (U.S.)
• Axway (France)
• Boomi (U.S.)
• LP (U.S.)
• Google LLC. (U.S.)
• Microsoft (U.S.)
• IBM (U.S.)
• Digitalml (U.S.)
• Cloud Elements Inc. (U.S.)
• Red Hat Inc. (U.S.)
• Telefonaktiebolaget LM Ericsson (Sweden)
• Cisco Systems, Inc. (U.S.)
• Amazon Web Services Inc. (U.S.)
• Tibco Software Inc. (U.S.)
• Software AG (Germany)
• Sensedia (Brazil)