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API Management Market – Segmented by Deployment Model, Enterprise Size, End User Industry and Geography (2018 to 2023)

04-03-2019 07:42 PM CET | IT, New Media & Software

Press release from: Knowledge Sourcing Intelligence LLP

API Management Market – Segmented by Deployment Model,

The report published by Knowledge Sourcing Intelligence titled “API Management Market - Forecasts from 2018 to 2023” studies the various factors affecting the demand for API management among end-users worldwide. The market has been segmented by offering (solution and services), by deployment model (On-premise and cloud), by enterprise size (small, medium and large), and by end-user industry (BFSI, retail, government, communication and technology, media and entertainment, and others).

Furthermore, the demand for API management has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market is further segmented into countries which account for a significant share in the market. The growth of this market is majorly attributed to the rapid growth of communication and technology industry and increasing investments in the development of new software for continuously widening the range of applications across industries. Increasing adoption of open APIs by various developers to speed up the process of software development is increasing the demand for API management solutions and services among them. This is boosting the growth of the market. The growth of this market is being further fueled by continuous advancements in technologies such as IoT, artificial learning (AI), and machine-learning technologies which are increasing the adoption of APIs for solution development.

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By enterprise size, large enterprises hold a significantly large share in this market
Large enterprises hold a significantly large share in this market on account of huge investments being poured by them into the development of new solutions by incorporating many next-gen technologies into them. Availability of enough skilled workforce for management of APIs in order to tap their complete potential is also supporting the growth of this market. Small and medium-sized enterprises also hold a good share in this market. The market growth among such enterprises is being driven by the availability of a large number of vendors offering API management services at affordable prices to such enterprises worldwide.

North America and Europe together hold a major share in this market
North America and Europe together hold a major share in this market on account of booming communication and technology industry and state-of-the-art infrastructure for the development of advanced solutions in these regions. Presence of a large number of market players in these regions is supporting this market growth. The market in the Asia Pacific is poised to witness good growth over the projected period as communication and technology industry is poised to witness rapid growth in this region over the projected period on account of increasing investments by major players in ICT domain in this region.

This report also includes a study of strategies and product portfolios of some of the leading companies in the API management market. Major companies profiled as a part of this report are Google, Inc., Hewlett Packard Enterprises Co., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Snaplogic, Inc., Boomi, Inc., Red Hat, Inc., and TIBCO Software Inc.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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