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API Management Market by Solution (API Platform, API Analytics, API Security), Service (Integration and Implementation, Consulting, Support and Maintenance, Training), Deployment Type, Organization Size, Industry, and Region - Global Forecast to 2023

API Management Market by Solution (API Platform, API Analytics, API Security), Service (Integration and Implementation, Consulting, Support and Maintenance, Training), Deployment Type, Organization Size, Industry, and Region - Global Forecast to 2023

Growing demand for modern APIs to seamlessly connect various applications and devices as well as advanced analytics to get real-time insights on API performance and usage to drive the overall growth of the API management market
The global Application Programming Interface (API) management market is expected to grow from USD 1.2 billion in 2018 to USD 5.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period. The API management market is driven by various factors, such as demand for API-led connectivity, and API management solution powered with API analytics to streamline various stages of API life cycle. However, poor API security and governance can hinder the growth of the market.

Retail and consumer goods segment to grow at the highest CAGR during the forecast period
With time, many retail organizations have deployed a mix of technologies, computer systems, and disparate applications to cater to the growing demands of customers. Customer experience proves to be a very vital differentiating factor among a wide array of online shopping options. Online retailers risk losing out on their users, because of negative customer experience. Hence, retailers around the globe are formulating API strategies that not only help them reach customer in new ways, but also help them build internal APIs for streamlining business operations. API management solution enables retailers to offer eCommerce services, on different digital channels, to deliver omni-channel experience to their customers.

Integration and implementation services segment to hold the highest market share during the forecast period
Integration and implementation services provide ease to organization in deploying API management solutions and accelerating digital transformation. These services ensure organizations that mission-critical applications would be integrated effortlessly with their internal and external systems and they would get the most out of investments made on API infrastructure. Connectivity between digital assets and maintaining security of these assets are of prime importance for any organization. System integrators help enterprises understand the operational functionalities of their existing systems and establish reliable connectivity between data, people, apps, and devices.

APAC to record the highest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for API management solution and services. Growing economies in countries, such as China, Japan, Australia and New Zealand, and India, provide huge opportunities for the adoption of the API management solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the API management marketplace.

By company type: Tier 1 - 40%, Tier 2 - 46%, and Tier 3 - 14%
By designation: C-level - 42%, Director-level - 35%, and Others - 23%
By region: North America - 40%, Europe - 30%, APAC - 20%, MEA - 5%, and Latin America - 5%

Major vendors offering API management solution and services across the globe include IBM (US), Google (US), Oracle (US), Red Hat (US), Software AG (Germany), Axway (US), MuleSoft (US), Microsoft (US), SAP SE (Germany), AWS (US), CA Technologies, a Broadcom company (US), TIBCO (US), Kony (US), Rogue Wave Software (US), Sensedia (Brazil), Torry Harris Business Solutions (US), Tyk Technologies (England), WSO2 (US), Osaango (Finland), Dell Boomi (US), and Postman (US). The study includes an in-depth competitive analysis of these key players in the API management market, with their company profiles, recent developments, and key market strategies.

Research coverage
The market study covers the API management market size across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as component (solutions and services), deployment type, organization size, industry, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall API management market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015–2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP AND TOP-DOWN APPROACHES
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE API MANAGEMENT MARKET
    • API MANAGEMENT MARKET, BY INDUSTRY AND COUNTRY (2018)
    • API MANAGEMENT MARKET: MAJOR COUNTRIES
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • EVOLUTION
    • LIFECYCLE OF API
    • TYPES OF API
    • CASE STUDY 1: MULESOFT
    • CASE STUDY 2: RED HAT
    • TECHNOLOGY TRENDS AND STANDARDS
      • INTRODUCTION
      • STANDARDS AND GUIDELINES FOR API MANAGEMENT
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • API MANAGEMENT MARKET, BY COMPONENT
    • INTRODUCTION
      • Table API MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
    • SOLUTION
      • Table API MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
      • Table SOLUTION: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • API PLATFORM
        • Table API PLATFORM: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • API ANALYTICS
        • Table API ANALYTICS: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • SECURITY
        • Table SECURITY: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • SERVICES
      • Table API MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table SERVICES: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • INTEGRATION AND IMPLEMENTATION
        • Table INTEGRATION AND IMPLEMENTATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • CONSULTING
        • Table CONSULTING MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • TRAINING AND EDUCATION
        • Table TRAINING AND EDUCATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • API MANAGEMENT MARKET, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table API MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION)
    • ON-PREMISES
      • SECURITY CONCERN AMONG ENTERPRISES IS THE MAJOR REASON TO DRIVE THE ADOPTION OF ON-PREMISES API MANAGEMENT SOLUTION
        • Table ON-PREMISES: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CLOUD
      • SCALABILITY AND COST-EFFECTIVENESS ARE THE MAJOR ADVANTAGES OF ADOPTING CLOUD-BASED API MANAGEMENT SOLUTION
        • Table CLOUD: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • API MANAGEMENT MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table API MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
    • SMALL AND MEDIUM ENTERPRISES
      • THE NEED FOR COST-EFFECTIVE API MANAGEMENT SOLUTIONS THAT OFFER GREAT SCALABILITY AND ENHANCE SYSTEM PERFORMANCE IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION
        • Table SMALL AND MEDIUM ENTERPRISES: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • LARGE ENTERPRISES
      • INCREASING NEED FOR ORGANIZATIONS TO STREAMLINE API CONNECTIONS IS DRIVING THE DEMAND FOR API MANAGEMENT SOLUTIONS
        • Table LARGE ENTERPRISES: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • API MANAGEMENT MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table API MANAGEMENT MARKET SIZE, BY INDUSTRY, 2016–2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • THE DEMAND OF ENTERPRISES TO STREAMLINE THEIR DIGITAL BUSINESSES IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION IN THE BFSI VERTICAL
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • IT AND TELECOM
      • A GROWING FOCUS OF ORGANIZATIONS TO DELIVER A SEAMLESS EXPERIENCE TO CONSUMERS IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION IN THE IT AND TELECOM VERTICAL
        • Table IT AND TELECOM: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • GOVERNMENT
      • INCREASING DIGITALIZATION AMONG GOVERNMENT INSTITUTIONS IS DRIVING THE DEMAND FOR API MANAGEMENT SOLUTION
        • Table GOVERNMENT: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • DEMAND FOR PROACTIVE SERVICES TO ENHANCE THE PATIENT EXPERIENCE IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION
        • Table HEALTHCARE AND LIFE SCIENCES: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • RETAIL AND CONSUMER GOODS
      • INCREASING NEED TO OFFER MULTI-CHANNEL EXPERIENCES TO CUSTOMERS IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION
        • Table RETAIL AND CONSUMER GOODS: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • THE GROWING NEED FOR ORGANIZATIONS TO PROVIDE PERSONALIZED CONTENTS AND CATER TO DYNAMIC CUSTOMER PREFERENCES IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION
        • Table MEDIA AND ENTERTAINMENT: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • TRAVEL AND TRANSPORTATION
      • NEED FOR APPLICATION PROVIDING ACCURATE INFORMATION TO TAKE BUSINESS DECISIONS IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTION
        • Table TRAVEL AND TRANSPORTATION: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • MANUFACTURING
      • THE INCREASING NEED FOR REAL-TIME PRODUCTION PLANNING AND DEMAND FORECASTING IS DRIVING THE GROWTH OF API MANAGEMENT SOLUTIONS
        • Table MANUFACTURING: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table API MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY INDUSTRY, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: API MANAGEMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY INDUSTRY, 2016–2023 (USD MILLION)
      • Table EUROPE: API MANAGEMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • GERMANY
      • UNITED KINGDOM
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY INDUSTRY, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: API MANAGEMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • AUSTRALIA AND NEW ZEALAND
      • JAPAN
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY INDUSTRY, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: API MANAGEMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • KINGDOM OF SAUDI ARABIA
      • SOUTH AFRICA
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY INDUSTRY, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: API MANAGEMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SCENARIO
      • PRODUCT/SOLUTION LAUNCHES AND ENHANCEMENTS
        • Table PRODUCT/SOLUTION LAUNCHES AND ENHANCEMENTS, 2018
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2016-2018
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2018
    • MICROQUADRANT OVERVIEW
      • Table EVALUATION CRITERIA
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
  • COMPANY PROFILES
    • AXWAY
      • BUSINESS OVERVIEW
      • PRODUCTS AND SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CA TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GOOGLE
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • IBM
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MULESOFT
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ORACLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • RED HAT
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOFTWARE AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TIBCO SOFTWARE
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AMAZON WEB SERVICES
    • DELL BOOMI
    • KONY
    • OSAANGO
    • POSTMAN
    • ROGUE WAVE SOFTWARE
    • SENSEDIA
    • TORRY HARRIS BUSINESS SOLUTIONS
    • TYK
    • WSO2
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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