Global API Management Market Growth Prospects, Future Industry Landscape 2032 | IBM Corporation, Google LLC, Oracle Corporation, Red Hat Software, Software AG, Axway Software

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

API Management Market Size, Growth Rate, And Forecast
The global API management market size is expected to grow from $2.52 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 30.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The API management market is expected to grow to $9.39 billion in 2027 at a CAGR of 30.1%.

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API Management Market Drivers
The growing utilization of data-driven decision-making is driving the API management market forward. Data-driven decision-making is the process of making business decisions based on data instead of gut feelings or instincts. The demand for data-driven decision-making is increasing, and API management enables organizations to adopt the data-driven approach by assessing channels for data transfer before solving the actual problems.

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API Management Market Segments
1) By Component: Solutions, Services
2) By Deployment: On-premises, Cloud
3) By Organization Size: Large Enterprises, Small and Medium Size Enterprises
4) By Vertical: BFSI, IT and Telecom, Retail and Consumer Goods, Travel and Transportation, Government, Media and Entertainment, Healthcare and Life Sciences, Manufacturing, Other Verticals (Education and Energy and Utilities)

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the API Management market.

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API Management Market Key Players
Major players in the API management market are IBM Corporation, Google LLC, Oracle Corporation, Red Hat Software, Software AG, Axway Software, MuleSoft Inc., Microsoft Corporation, SAP SE, AWS Inc., CA Technologies Inc., TIBCO Software, Kony Inc., Rogue Wave Software, Sensedia, Digitalml, Cloud Elements Inc., Solo.io, Stoplight, and Teejlab Inc.

The Business Research Company's "Global API Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The API Management Market Include:
1. Executive Summary
2. API Management Market Characteristics
3. API Management Market Trends And Strategies
4. API Management Market - Macro Economic Scenario
5. API Management Market Size And Growth
……
27. API Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The API Management Market
29. API Management Market Future Outlook and Potential Analysis
30. Appendix

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