API Management (Platform, Analytics, Security) Market - Global Forecast to 2023: Opportunities in API Management Solutions Powered With Advanced Analytics Capabilities

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Mar 27, 2019, 07:45 ET

DUBLIN, March 27, 2019 /PRNewswire/ -- The "API Management Market by Solution (API Platform, API Analytics, API Security), Service (Integration and Implementation, Consulting, Support and Maintenance, Training), Deployment Type, Organization Size, Industry & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global Application Programming Interface (API) management market is expected to grow from USD 1.2 billion in 2018 to USD 5.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.

The API management market is driven by various factors, such as demand for API-led connectivity, and API management solution powered with API analytics to streamline various stages of API life cycle. However, poor API security and governance can hinder the growth of the market.

Retail and consumer goods segment to grow at the highest CAGR during the forecast period

With time, many retail organizations have deployed a mix of technologies, computer systems, and disparate applications to cater to the growing demands of customers. Customer experience proves to be a very vital differentiating factor among a wide array of online shopping options. Online retailers risk losing out on their users, because of negative customer experience. Hence, retailers around the globe are formulating API strategies that not only help them reach customers in new ways but also help them build internal APIs for streamlining business operations. API management solution enables retailers to offer eCommerce services, on different digital channels, to deliver omni-channel experience to their customers.

Integration and implementation services segment to hold the highest market share during the forecast period

Integration and implementation services provide ease to organization in deploying API management solutions and accelerating digital transformation. These services ensure organizations that mission-critical applications would be integrated effortlessly with their internal and external systems and they would get the most out of investments made on API infrastructure. Connectivity between digital assets and maintaining the security of these assets are of prime importance for any organization. System integrators help enterprises understand the operational functionalities of their existing systems and establish reliable connectivity between data, people, apps, and devices.

APAC to record the highest growth rate during the forecast period

APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for API management solution and services. Growing economies in countries, such as China, Japan, Australia and New Zealand, and India, provide huge opportunities for the adoption of the API management solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the API Management Market
4.2 API Management Market, By Industry and Country (2018)
4.3 API Management Market: Major Countries

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Evolution
5.3 Lifecycle of API
5.4 Types of API
5.5 Case Study 1: Mulesoft
5.6 Case Study 2: Red Hat
5.7 Technology Trends and Standards
5.7.1 Introduction
5.7.2 Standards and Guidelines for API Management
5.7.2.1 Oauth 2.0
5.7.2.2 OData (Open Data Protocol)
5.7.2.3 Distributed Management Task Force (DMTF)
5.7.2.4 Telecommunication Industry Association (TIA)
5.8 Market Dynamics
5.8.1 Drivers
5.8.1.1 Growing Demand for API-Led Connectivity
5.8.1.2 Need for Public and Private Apis to Accelerate Digital Transformation
5.8.2 Restraints
5.8.2.1 API Security and Governance to Restrain the Growth of the API Management Market
5.8.3 Opportunities
5.8.3.1 API Management Solutions Powered With Advanced Analytics Capabilities
5.8.3.2 Low-Code Platform for API Development
5.8.4 Challenges
5.8.4.1 Dearth of Skilled Developers Required for Developing and Implementing API Management Solutions

6 API Management Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 API Platform
6.2.1.1 the Growing Need Among Organizations to Seamlessly Integrate Systems and Its Components With Apps and Devices is Driving the Demand for API Platform
6.2.1.2 API Portal
6.2.1.3 API Gateway
6.2.1.4 API Administration
6.2.1.5 API Monetization
6.2.2 API Analytics
6.2.2.1 the Growing Need Among Organizations to Get Insights On API Usage is Driving the Demand for API Analytics
6.2.3 Security
6.2.3.1 Demand for a Solution to Improve API Security is Driving the Growth of API Security Solutions
6.3 Services
6.3.1 Integration and Implementation
6.3.1.1 The Growing Need Among Organizations to Improve System Functionalities is Driving the Demand for Integration and Implementation Services
6.3.2 Consulting
6.3.2.1 a Growing Focus of Organizations to Deal With Complexities Involved in Configuring the API is Driving the Growth of Consulting Services
6.3.3 Support and Maintenance
6.3.3.1 Focus On Improving the Performance of Applications is Driving the Growth of API Support and Maintenance Services
6.3.4 Training and Education
6.3.4.1 Need to Educate and Enhance the Skills of Employees is Driving the Growth of Training and Educational Services

7 API Management Market, By Deployment Type
7.1 Introduction
7.2 On-Premises
7.2.1 Security Concern Among Enterprises is the Major Reason to Drive the Adoption of On-Premises API Management Solution
7.3 Cloud
7.3.1 Scalability and Cost-Effectiveness Are the Major Advantages of Adopting Cloud-Based API Management Solution

8 API Management Market, By Organization Size
8.1 Introduction
8.2 Small and Medium Enterprises
8.2.1 the Need for Cost-Effective API Management Solutions That Offer Great Scalability and Enhance System Performance is Driving the Growth of API Management Solution
8.3 Large Enterprises
8.3.1 Increasing Need for Organizations to Streamline API Connections is Driving the Demand for API Management Solutions

9 API Management Market, By Industry
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 the Demand of Enterprises to Streamline Their Digital Businesses is Driving the Growth of API Management Solution in the BFSI Vertical
9.3 IT and Telecom
9.3.1 A Growing Focus of Organizations to Deliver a Seamless Experience to Consumers is Driving the Growth of API Management Solution in the IT and Telecom Vertical
9.4 Government
9.4.1 Increasing Digitalization Among Government Institutions is Driving the Demand for API Management Solution
9.5 Healthcare and Life Sciences
9.5.1 Demand for Proactive Services to Enhance the Patient Experience is Driving the Growth of API Management Solution
9.6 Retail and Consumer Goods
9.6.1 Increasing Need to Offer Multi-Channel Experiences to Customers is Driving the Growth of API Management Solution
9.7 Media and Entertainment
9.7.1 the Growing Need for Organizations to Provide Personalized Contents and Cater to Dynamic Customer Preferences is Driving the Growth of API Management Solution
9.8 Travel and Transportation
9.8.1 Need for Application Providing Accurate Information to Take Business Decisions is Driving the Growth of API Management Solution
9.9 Manufacturing
9.9.1 The Increasing Need for Real-Time Production Planning and Demand Forecasting is Driving the Growth of API Management Solutions
9.10 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Data-Driven Methodology for Managing and Increasing the Revenue Stream of the Enterprises Through API Monetization is Driving the Growth of the API Management Market
10.2.2 Canada
10.2.2.1 Efficient Management of Internal and Public Apis is Fueling the Growth of the API Management Market
10.3 Europe
10.3.1 Germany
10.3.1.1 Developed It Infrastructure is Propelling the Growth of the API Management Market
10.3.2 United Kingdom
10.3.2.1 Need to Meet the Regulatory Compliance in the Country is Expected to Boost the Market Growth
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 Australia and New Zealand
10.4.1.1 Need to Expand Business Reach Digitally is Expected to Increase the Adoption of API Management Solution
10.4.2 Japan
10.4.2.1 API Monetization to Create a New Revenue Stream for the Business is Expected to Fuel the Growth of API Management Market
10.4.3 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.1.1 Increasing Investment in the Development of Connected Infrastructure is Driving the Growth of the API Management Market
10.5.2 South Africa
10.5.2.1 Faster Time to Market is Expected to Boost the API Management Market
10.5.3 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Growing Digital Transformation in the Country is Expected to Boost the API Management Market Growth
10.6.2 Mexico
10.6.2.1 Need to Enhance Customers Satisfaction in the Country is Expected to Boost the API Management Market Growth
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 Product/Solution Launches and Enhancements
11.2.2 Business Expansions
11.2.3 Acquisitions
11.2.4 Partnerships, Agreements, and Collaborations
11.3 Microquadrant Overview
11.3.1 Visionary Leaders
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Companies

12 Company Profiles
12.1 Axway
12.2 Ca Technologies
12.3 Google
12.4 IBM
12.5 Microsoft
12.6 Mulesoft
12.7 Oracle
12.8 Red Hat
12.9 Sap
12.10 Software Ag
12.11 Tibco Software
12.12 Amazon Web Services
12.13 Dell Boomi
12.14 Kony
12.15 Osaango
12.16 Postman
12.17 Rogue Wave Software
12.18 Sensedia
12.19 Torry Harris Business Solutions
12.20 TYK
12.21 Wso2

For more information about this report visit https://www.researchandmarkets.com/research/w28zrr/api_management?w=5

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