Global API Management Market Forecasted CAGR 19.3% Growth By 2025, A Report By Microsoft, Amazon Web Services (AWS), Axway, Palo Alto Research Center (PARC), Oracle, SAP, Red Hat, CA Technologies and others
This API Management market research report encompasses a far-reaching research on the current conditions of the Information Technology industry, potential of the market in the present and the future prospects. By taking into account strategic profiling of key players in the ICT industry, comprehensively analyzing their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, the report helps businesses improve their strategies to sell goods and services. Hence, the API Management report brings into the focus, the more important aspects of the market or IT industry.
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INCREASING DEMAND OF MOBILE APPLICATION
API management solution, along with mobile phones, are leading contributors to the GDP of the country. Many industries in the region such as e-commerce, healthcare, retail, entertainment among others have initiated integrating the API management in mobile Apps. The API management applications in wireless/ automatic communication systems dominates the IT system in commercial and government application such as smart security system, automobile monitoring, military-grade security, precision monitoring of apps and many other applications.
• In December 2016, Software AG (Germany) launched a new version of web methods API Cloud that comprises of streamlined API Gateway, with the help of such solution the enterprises can attain cloud-based API Management service including API developer portal and the API security gateway in a single service. This development will help the company in increasing the product portfolio.. CA Technologies (U.S.) launched a mobile API gateway 4.1 which is beneficial in delivering the developer productivity, seamless security and a great chances to used the IoT (Internet of Things) cloud based application in mobile gateway.
• Palo Alto Research Center Incorporated
• Rogue Wave Software, Inc.
• SAP SE
• Red Hat, Inc.
• CA Technologies, Inc.
• Fiorano Software and Affiliates
• Software AG
• Boomi, Inc.
• International Business Machines Corp.
• TYK Technologies
• Mashape Inc.
• Tibco Software, Inc.
• WSO2, Inc.
• Amazon Web Services Inc. and others
Strategic Points Covered in TOC:
•Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global API management market
•Chapter 2: Evaluating the leading manufacturers of the global API management market which consists of its revenue, sales, and price of the products
•Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
•Chapter 4: Presenting global API management market by regions, market share and with revenue and sales for the projected period
•Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
Get Detailed TOC https://databridgemarketresearch.com/toc/?dbmr=global-api-management-market
Restraint: INCREASING CONCERN ABOUT API SECURITY:
The API management solution consumers regularly face threats from the bad bots, hackers and internal threats on their mobile apps software. One of the major challenges that the enterprises are facing is to ensure the complete safety of the data. Due to this reason, Microsoft creates a certification authentication policy that mutually connects the back- end service and API management gateway to solve the malicious API traffic interception.
• In April 2015, according to the Condé Nast Company, major instances of cyber security hacks and software attacks are rising at an alarming rate, more than 120% estimates the number of connected devices through API management gets cyber-attack due to poor coding standards that doesn’t allows integration of API in a perfect ecosystem.
OPPORTUNITIES : GROWING ACCEPTANCE OF IOT APPLICATION:
The API enabled IoT sensor application was witnessed in smart watch and fitness tracker that offers data like statistics on the number of steps, collecting information, wireless access to get Internet and provides backend that is running in the cloud. In Industrial IoT, in which API management is used are Fleet Management and Predictive Maintenance. It provides a protection to IoT devices, controls the provisioning, transform the data timely, create applications and integrate with enterprise systems.
• In December 2016, Software AG (Germany) launched a new version of web Methods API Gateway that involves and encompasses mediation and security capabilities and providing the enterprises the scalable, extensible and scalable assistance for digital transformation and improvised API Management. When the appropriate considerations are made in the design process, an API enabled IoT sensor can have a positive influence on the overall reliability of the equipment involved.
CHALLENGES : LACK OF SKILLED PROFESSIONAL:
However, it oversees that companies have implemented strategy to drive down dependence on external software and establish APIs that can be molded and adapted to the business’ need. The skilled developer used to develop API management solution in different industries such are healthcare, automotive and electronics appliances.
The customer lifestyle is totally depends upon the technology driven software applications and consumer rapidly demand for more customized services and products from the companies. In this situation perfect developer are required to fulfil the needs of clients and end users and the maximum requirements are witnessed in mobile applications, wearables, cloud based applications and security systems application.
So government and private organisation required to invest a huge amount of capital to train or hire the equipped individual, those who are able to control and protect the data from the various system hackers and without SSI certified individuals.
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