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Global API Management Market Share, Size, Report, Forecast: By Component: Solutions, Services; By Deployment Type: On-Premises, Cloud; By Organisation Size: Large Enterprises, Small and Medium Enterprises; By Industry Vertical: Government, Healthcare, Retail, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032
API Management Market Share
On-premises deployment dominate the market for API management as they help maintain high levels of control in all enterprises
On-premises deployment type is expected to hold a sizable share of the market due to their security and reliability, which allows enterprises to maintain high levels of control. Businesses in highly regulated industries often opt for on-premises API management systems as data security in such industries is paramount. As the complete software resides in the premises of the organisation, generally greater protection is provided.
However, according to API management market analysis, as security capabilities of cloud deployment increase, the coming years may witness growth in cloud deployment of API management. Cloud-based solutions enables companies to leverage applications and services without the need for on-premises installation, enhancing functionality and facilitating remote working operations. They also reduce the burden of maintenance and upgrades, making them an attractive option for organisations of all sizes.
Government and healthcare industries hold significant market shares due to their need for data security
API management solutions are being utilised in the government sector to improve data sharing, enhance transparency, and deliver services effectively to the public. The United States Digital Service (USDS) has implemented API management to streamline access to government services through a unified digital platform, enabling citizens to access information and services more efficiently.
According to API management market report, healthcare organisations are increasingly adopting API management solutions to access patient data securely, improve care coordination, and enhance patient outcomes through data-driven insights. An example is the use of APIs by electronic health record (EHR) providers like Epic Systems and Cerner to enable seamless integration with third-party applications and medical devices.
Moreover, retail giants like Amazon and Walmart are also using APIs to enable third-party sellers to integrate their systems with the marketplace, which facilitates seamless product listings, inventory management, and order processing. Additionally, financial institutions like JPMorgan Chase and Wells Fargo use APIs to enable seamless payment processing, account aggregation, and fraud detection services. As per industry reports, banks plan to triple the number of their “public APIs” by 2025, emphasising the growing importance of APIs in financial services.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global API Management Market Analysis
8.1 Key Industry Highlights
8.2 Global API Management Historical Market (2018-2023)
8.3 Global API Management Market Forecast (2024-2032)
8.4 Global API Management Market by Component
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 API Platform
8.4.1.3.2 API Analytics
8.4.1.3.3 API Security
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Integration and Implementation
8.4.2.3.2 Consulting
8.4.2.3.3 Support and Maintenance
8.4.2.3.4 Training and Education
8.5 Global API Management Market by Deployment Type
8.5.1 On-Premises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global API Management Market by Organisation Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global API Management Market by Industry Vertical
8.7.1 Government
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Healthcare
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Retail
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 BFSI
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 IT and Telecom
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global API Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America API Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe API Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific API Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America API Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa API Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Google LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Microsoft Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Amazon Web Services, Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 SAP SE
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Red Hat,Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Software AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Axway Software SA
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 TIBCO Software, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global API Management Market: Key Industry Highlights, 2018 and 2032
2. Global API Management Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global API Management Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global API Management Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5. Global API Management Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6. Global API Management Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
7. Global API Management Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
8. Global API Management Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
9. Global API Management Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
10. Global API Management Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global API Management Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America API Management Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe API Management Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific API Management Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America API Management Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa API Management Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa API Management Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global API Management Market Structure
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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