Press release
API Management Market Monitor Traffic Between Individual Applications & Provide Cache Memory Management Mechanisms
Furthermore, the rise in mobile applications developed for customer engagement that require APIs to link transactions and enterprise data is another vital factor to drive the growth of API management market. Implementation of digital strategies is of utmost importance for businesses to reach out to their customers.
This requires significant amount of investments in cloud, Internet of Things, mobile, and big data technologies. These digital advancements are driving organizations to incorporate and better integrate APIs through API management. A good API management platform allows organizations to reshape the backend in case of any change in API, or integration with an external API.
This capability of API management solutions eliminate the need for the development team to make changes in the backend code, thus reducing their workload. Furthermore, API management allows the systematic enforcement of policies, production assurance of SLAs, and visualization of analytics with deep insights, thereby transforming an API into a platform.
The API management market can be categorized on the basis of type of API, deployment type, industry vertical, and geography. On the basis of type of API, the market can be further segmented into internal, external, and partner. Furthermore, on the basis of deployment type, the market can be further categorized into on-premise, cloud, and hybrid.
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Moreover, by industry vertical, the API management market can be segmented into retail, telecom, travel and transport, insurance, banking, energy and utilities, media and entertainment, government, aerospace and defense, healthcare, and automotive. Geographically, the market is segmented as North America, South America, Europe, Asia-Pacific and Middle East and Africa.
The major players in the API management market include International Business Machine Corporation, HP Development Company, L.P., Oracle Corporation, Microsoft Corporation, 3scale API Management, Akana, Inc., Apigee Corp., Axway, CA Technologies, MuleSoft, Inc., and TIBCO Software, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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