The global API management market is expected to grow significantly due to the increasing need for governance and lifecycle management of APIs, along with the rise in web and mobile API usage. The market is characterized by competition among both established and local players, who are likely to form strategic alliances to enhance their position. Key factors driving this growth include mobility, app proliferation, and advancements in IoT and big data, although challenges such as data security and reliance on legacy systems may hinder full market potential.

1. The needto manage the usage of applicationprogramminginterfaces(APIs) todecode the dataof
systemsorenterprisesinabidto make itusable forothersectionsof the organizationorfor third-party
organizationsinnovel waysisboostingthe global APImanagementmarket.The risingneedforthe
governance anda life-cycle frameworkforAPIsisalsofuelingthe demandforAPImanagement
solutions,whichisreflectingpositivelyonthismarket.
The significantrise inthe popularityof webAPIs,togetherwiththe augmentingdemandforpublicas
well asprivate APIsare projectedtodrive the growthof the worldwide APImanagementmarket
remarkablyinthe yearsto come.Apartfrom this,the mobilityof these solutionsandappsexplosionare
alsoanticipatedtofavorthismarkettremendouslyoverthe nextfew years.
The worldwide APImanagementmarketischaracterizedbythe rivalrybetweenthe established
multinationalaswell aslocal players.The marketparticipantsrelyheavilyonthe advancementsin
technologyforthe growthof theirbusinesses.Overthe comingyears,theyare likelytoshifttheirfocus
towardsstrategicalliance inordertogain strengthinthe global market.
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Global API ManagementMarket: Overview
Applicationprogramminginterface (API) standsforasetto protocols,tools,andsubroutinesthatare
usedto buildsoftware applications.Actingasacommunicationcode betweensoftware programs,API
managementenablesanorganizationtomonitorthe functionalitiesof the interface andmeetthe
requirementsof the applicationanddevelopers.APImanagementallowstrafficmonitoringof individual
applicationsandhelpsincache memorymanagementtoimprove the performanceof the application.As
APImanagementsoftware caneitherbe builtin-house byanorganizationorcan be importedfrom
third-partyproviders,andhasbecome anessential tool forseveral businessvendorstoenhance their
customerexperience.Consequently,the demandinthe global APImanagementmarketisprojectedto
expandata healthyrate duringthe forecastperiodof 2016 to 2024.
Thisreporton the global APImanagementmarketprovidesqualitative andquantitative examinationof
the marketin itscurrentscenarioand analyzesall the factorsthatmay influence the demandinthe near
future,toestimate the conditionof the marketuntil 2024. Thisreportis meantforaudiencessuchas
organizations,networkoperators,andsolutionproviders,aspiringtoserve asa credible documentto
make more informedbusinesschoices.The reportcontainsadedicatedsectiononcompanyprofiles,
exploringseveral prominentplayersfortheirmarketshare andproductportfolio,inordertopresenta
clearpicture of the competitivelandscape.
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The global marketfor APImanagementcanbe segmentedonthe basisof servicesintoanalytics,portal,
gateway,governance,security,andotherservices.Byend-useindustries,the marketcanbe categorized
intoaerospace anddefense,bankingandfinance,automotiveandtransportation,publicsectorand
government,retailandconsumer,healthcare andlife sciences,andtechnologyandmedia.
Geographically,the reportexaminesthe opportunitiesavailable forAPImanagementmarketinregions
such as NorthAmerica,the Middle Eastand Africa,AsiaPacific,Europe,andLatinAmerica.

2. Global API ManagementMarket: Trends & Opportunities
MobilityandAppproliferationisthe primaryfactoraugmentingthe demandforAPImanagement.With
growingnumberof mobile subscribers,the rise of social media,andpenetrationof ecommerce,vendors
fromvarioussectorscan now provide informationininteractivelytotheirconsumersandthereby
incrementtheirsales.The advancementsof the Internetof ThingsandBigData as well ascost and
feature benefitsare othertwomajorfactor favoringthe global APImarket.Moreover,asAPI
managementhelpsinsystematicenforcementof policiesandvisualizationof insightful analytics,the
demandisexpectedtoexpandtoseveral organizationsthatdesire toexpandtheirproductivity.
Conversely,some of the factorsexpectedtochallenge the marketfromattainingitsfullpotential are:
data security,legacyinvestmentsinSOA,andperformance monitoringbyskilledprofessionals.System
integrators,digital transformation,andSOA andPaaS integrationsare some of the new opportunity
avenuesavailable forthe playersinthismarket.
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Global API ManagementMarket: Regional Outlook
NorthAmericaand Europe currentlyserve the maximumdemandforAPImanagement,owingtohigh
adoptabilityof newtechnology.However,several emergingeconomiesinAsiaPacificsuchasIndia,
China,Japan,and SouthKoreahouse several end-useorganizationsthatoffervastuntapped
opportunities.
Companiesmentionedinthe research report
Amazon,CA Technologies,RedHat,Apiary.io,Apigee,Stormpath,Telenity,Akana,Axway,Crosscheck
Networks,Dell Boomi,FioranoSoftware,Inc.,IBM,Distil Networks,Mashape,MuleSoft,Nevatech,
NGINXSoftware Inc.,Mashery(Tibco),Microsoft,Restlet,SAP,Sapience,Oracle,RepreZen,Socrata,
Software AG,and Torry Harris are some of the leadingplayerscurrentlyfunctional inthe global API
managementmarket.
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