Press release
API Management Market Key Players: IBM Corporation, Microsoft Corporation, Akana, Inc, CA Technologies, Inc by Forecast to 2022
Application programming interface (API) management includes the process of documenting, processing and supervising application programming interface in a scalable and secure environment. The rapid incorporation of advanced technology in various organizations and increasing adoption of technologically advanced, compact platforms to run the applications such as smartphones, tablets, laptops and others are leading to the expansion of global application programming interface (API) management market.
Market Research Future (MRFR) has recently published a reporting asserting that the global application programming interface (API) market is anticipated to expand at a strong CAGR of 35% during the forecast period of 2016-2022.
The rapid increase in use of smart mobile devices with advanced specifications to run an application is one of the major factors driving the expansion of the global application programming interface API Management Market. The various beneficial function of application programming interface (API) such as automation of connections between an API and the applications, monitoring traffic from individual apps, and others are creating traction for the application programming interface (API) management software in the global market
The increasing inclination towards mobility, proliferation in mobile applications, increasing popularity of social media, rapid advancement in the internet of things and others are some of the other key factors that are fueling the expansion of the global application programming interface (API) management market.
However, the increasing concerns regarding data security and lack of performance monitoring by skilled professionals are likely to act as restraints on the growth of the global application programming interface (API) management market during the forecast period.
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Competitive Analysis:
The players in the global application programming interface (API) management market are focusing on the expansion of their businesses through new product launch by increasing the research and development expenditure and by undergoing strategic mergers and acquisitions in order to create their dominance in the highly competitive environment of the global API management market.
On 12th July 2018, Google has announced its partnership with Informatica to provide the enterprises with API management solutions which will aid them to easily connect applications and services across multi-vendor cloud and on-premise environments.
The prominent players of the global application programming interface (API) management market that are highlighted in MRFR’s report are IBM Corporation (U.S.), Microsoft Corporation (U.S.), Akana, Inc. (U.S.), CA Technologies, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), Mashape Inc. (U.S.), MuleSoft, Inc. (U.S.), Oracle Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany), and others.
Market Segmentation:
The global application programming interface (API) management market has been segmented on the basis of component, service and deployment. Based on component, the application programming interface (API) management market is segmented into solutions and services. Based on service, the application programming interface (API) management market is segmented into training and consulting, integration, and support and maintenance.
Based on deployment, the application programming interface (API) management market is segmented into on-premise and cloud. The increasing adoption of cloud-based service is leading to the rapid expansion of cloud-based deployment segment in the global application programming interface (API) management market.
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Regional Analysis:
Geographically, the global application programming interface (API) market is segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. Among these regions, North America accounts for the largest market share in the global application programming interface (API) market owing to the large pool of service providers for cloud-based solutions and rapid technological advancement in this region.
The Asia Pacific and the Europe regions are anticipated to project significant growth in the global application programming interface (API) management market owing to the increasing adoption of cloud-based solutions and advancement in mobile technology in these regions.
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