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API Management Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : IBM Corporation, Google LLC, Oracle Corporation, Red Hat Software, Software AG, Axway Software
API Management Global Market
The Business Research Company's API Management Global Market Report 2023 identifies 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.
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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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.
A key trend in the API Management market includes the technological advancements are a key trend gaining popularity in the API management market. Major companies in the API management market are innovating and introducing new technologies to gain a competitive edge in the market.
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The API Management market is segmented -
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.
The Business Research Company's "Global API Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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