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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the API Management Market
Market players are focused on providing comprehensive API management solutions with features like API creation, documentation, security, analytics, and usage control
Microsoft Corporation, founded in 1975, is a multinational technology company headquartered in Washington, United States. The company offers software, hardware, and cloud-based solutions, such as Microsoft Windows operating system, Microsoft Office suite of productivity software, and the Microsoft Azure cloud services platform.
IBM Corporation is an IT consulting and services company founded in 1911 and based out of New York in the United States. One of the largest industrial research organisations in the world, their specialities include IT infrastructure, technology support, resiliency services, consulting commerce, Internet of Things, system services, and industry solutions, among others.
Google LLC was founded in 1998 and is headquartered in California, United States. The company specialises in internet related products and services, focusing on search engine technology, quantum computing, online advertising, consumer electronics, and computer software. It also offers services designed for productivity and work, cloud storage, and time management and email scheduling.
Oracle Corporation is a cloud technology company that was founded in 1977 and is based out of Texas, United States. The company provides organisations around the world with software and computing infrastructure to enhance their efficiency and boost their effectiveness. The Oracle Cloud infrastructure offers security, cost savings, and higher performance to their customers.
Other key players in the global API management market include Amazon Web Services, Inc, SAP SE, Red Hat, Inc., Software AG, Axway Software SA, and TIBCO Software, Inc., among others.
API Management Market Report Snapshots
API Management Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the API management market reached an approximate value of USD 4.51 billion.
The market is expected to grow at a CAGR of 29.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 46.15 billion by 2032.
The major drivers of the market include growing adoption of machine learning and artificial intelligence technologies and increasing utilisation of APIs by various industries.
Key trends aiding market expansion include the rising need for security threat management, rapid digitalisation, and the growing requirement of organisations for streamlining their API development processes.
The various industry verticals in the market for API management include government, healthcare, retail, manufacturing, BFSI, and IT and telecom, among others.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
API management enables documentation, publication, design, and analysis of APIs in a secure environment.
The significant components of API management include solutions and services.
Key players in the market are IBM Corporation, Google LLC, Oracle Corporation, Microsoft Corporation, Amazon Web Services, Inc, SAP SE, Red Hat, Inc., Software AG, Axway Software SA, and TIBCO Software, Inc., among others.
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