Sarasota, FL, July 27, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “API Management Market by Solution (API Portal, Security, Monetization, API Gateway, API Analytics and Administration) by Service (Training & Consulting, Support & Maintenance and Integration) by Deployment Type (On-Premises and Cloud) by Market for BFSI, IT & Telecom, Government, Healthcare, Retail & Consumer Goods, Manufacturing and Others Industries: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022”. According to the report, the global API management market accounted for around USD 609.32 Million in 2016 and is expected to reach approximately USD 3,436.16 Million by 2022, growing at a CAGR of 33.4% between 2017 and 2022.
An effectual API management solution manages the use of APIs to open up enterprises or a system’s data in order that it can be utilized by other parts of the organization or perhaps third-party organizations in useful and novel ways. API Management should provide an easy, efficient and effective experience for the development society that is supposed to be using these APIs. API management also provides a life-cycle framework and governance for APIs.
Browse through 55 Market Tables and 36 Figures spread through 110 Pages and in-depth TOC on "Global API Management Market Size, Share, Growth and Forecast 2016 – 2022”.
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Rapidly increasing the popularity of web APIs paired with the mounting demand for private and public APIs are the major factors expected to drive the API management market significantly over the analysis period. In addition, mobility and apps explosion is another key factor favoring the global API market growth massively.
Advancements of the Internet of Things & Big Data, cost and feature benefits and increasing needs to manage API traffic are some of the key factors predicted to shape the API managements market. Security issues related to API is likely to limit the growth of API management market in the analysis period. Nonetheless, system integrators and SOA and PaaS integrations are likely to open up new alluring opportunities for API management market in near future.
Browse the full "API Management Market by Solution (API Portal, Security, Monetization, API Gateway, API Analytics and Administration) by Service (Training & Consulting, Support & Maintenance and Integration) by Deployment Type (On-Premises and Cloud) by Market for BFSI, IT & Telecom, Government, Healthcare, Retail & Consumer Goods, Manufacturing and Others Industries: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022." report at https://www.zionmarketresearch.com/report/api-management-market
API security dominated the solution segment for API managements market in 2016 owing to data encryption and perimeter security. Support & maintenance and integration service segment of API management market are expected to observe remarkable growth in coming years. The industry segment of API management market is categorized into BFSI, IT & telecom, government, healthcare, retail & consumer goods, manufacturing and others industries. BFSI is emerged as a leading industry segment and is expected to grow with highest CAGR in the forecast period.
Europe is another prominent regional market for API management and is expected to witness remarkable growth in the analysis period. The growth is mainly due to the growing demand from mid size organization. Increasing adoption of cloud services in countries such as UK, France, and Germany is expected to offer ample opportunities for API managements market in Europe region.
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Asia Pacific is estimated to most opportunist market for API management market and anticipated to grow with CAGR over the analysis period. Increasing penetration of e-commerce in emerging economies of the region will be the key driver for the API management market growth. In addition, growing demand for private and public APIs, growing numbers of mobile subscribers, advancements of the Internet of Things and Big Data are the key supporting factors for the growth of API management market in Asia Pacific. In 2016, China held the largest market share of API management market in Asia Pacific. Singapore and India emerge as the lucrative countries for market growth.
Latin America is estimated to witness significant growth in the years to come. This is mainly due to mobility and apps explosion. Brazil is expected to hold the largest market share for API management in coming years. The Middle East and Africa is expected to offer noticeable share for API management in the coming years. The untapped market in African region is expected to attract the attention of key players operative in API management market.
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Key players in this API management market are Microsoft Corporation, CA Technologies, Google, Inc., Apiary, Inc., Axway, Inc., Red Hat, Inc., HP, Fiorano Software, SAP SE, Sensedia, Tibco Software, TYK Technologies, Cloud Elements and IBM Corporation amongst others.
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The report segment of global API management market as follows:
Global API Management Market: Solution Segment Analysis
Global API Management Market: Service Segment Analysis
Global API Management Market: Deployment Type Segment Analysis
Global API Management Market: Industry Segment Analysis
Global API Management Market: Regional Segment Analysis
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