Dublin, Aug. 17, 2023 (GLOBE NEWSWIRE) -- The "API Management Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This comprehensive report provides valuable insights into the global API management market, including market size, growth trends, regional analysis, and key developments.
Market Overview: API management refers to the process of monitoring and tracking services, as well as performance monitoring. The market includes revenues earned by entities providing solutions such as internal API, open API, and composite API solutions. The global API management market is expected to grow from $2.52 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 30.0%. The market is projected to reach $9.39 billion in 2027 at a CAGR of 30.1%.
Key Drivers and Trends: Technological advancements play a pivotal role in the API management market's growth. Major companies are introducing innovative technologies to gain a competitive edge. For instance, Google launched the 'Apigee X' API management platform, which utilizes AI-ML-based technology for anomaly detection and operations management. Similarly, UiPath acquired Cloud Elements, a cloud API integration platform, to lead innovation in the market and provide customers with enhanced automation solutions.
Regional Analysis: North America was the largest region in the API management market in 2022. The report covers key regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Players: Major players in the API management market include IBM Corporation, Google LLC, Oracle Corporation, Red Hat Software, Software AG, Axway Software, MuleSoft Inc., Microsoft Corporation, SAP SE, AWS Inc., CA Technologies Inc., TIBCO Software, Kony Inc., Rogue Wave Software, Sensedia, Digitalml, Cloud Elements Inc., Solo.io, Stoplight, and Teejlab Inc.
Reasons to Purchase:
- Gain a comprehensive understanding of the API management market with in-depth analysis of the current and future scenarios.
- Identify growth segments and investment opportunities.
- Stay ahead of the competition with forecast data and analysis.
- Benchmark performance against key competitors.
Key Questions Answered:
- Where is the largest and fastest-growing market for API management?
- How does the market relate to the overall economy, demography, and other similar markets?
- What forces will shape the market going forward?
The report covers:
- Market characteristics, size, and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies.
- Impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russia-Ukraine war on the Eastern European region and its subsequent effect on global markets.
- Impact of higher global inflation and its effect on market growth.
- Continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Growth trajectory of COVID-19 for all regions, key developed countries, and major emerging markets.
- Description of the competitive nature of the market, market shares, and leading companies.
- Key financial deals that have shaped the market in recent years.
- Emerging trends and strategies for companies to grow as the market recovers.
Scope:
Markets Covered:
- By Component: Solutions; Services
- By Deployment: On-premises; Cloud
- By Organization Size: Large Enterprises; Small and Medium Size Enterprises
- By Vertical: BFSI, IT and Telecom; Retail and Consumer Goods; Travel and Transportation; Government; Media and Entertainment; Healthcare and Life Sciences; Manufacturing; Other Verticals (Education and Energy and Utilities)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $3.28 billion |
| Forecasted Market Value (USD) by 2027 | $9.39 billion |
| Compound Annual Growth Rate | 30.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/1999ic
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
