API Management market size was valued at USD 1.8 billion in 2020 and is projected to reach USD 13.56 billion by 2028, growing at a CAGR of 28% from 2021 to 2027.
Advances in Internet of Things and Big Data, cost and feature advantages, and development prerequisites for overseeing API traffic are expected to drive the API management market overall. However, a framework integrator and a combination of SOA and PaaS are needed to articulate an attractive opportunity for the API management market.
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Key Players
Some of the major players such as IBM, Google, Oracle, Red Hat, Software AG, Axway, mulesoft, Microsoft, SAP SE, AWS, CA Technologies, Broadcom company, TIBCO, Kony, Rogue Wave Software, Sensedia, Torry Harris Business Solutions, Tyk Technologies, WSO2, Osaango, Dell Boomi, and Postman.
A full report of API Management Market available at: https://www.orionmarketreports.com/api-management-market/11542/
API Management Market – Segmentation
On the basis of Components
• Solutions
• API platform
• API analytics
• API security
• Services
• Integration and implementation
• Consulting
• Support and maintenance
• Training and education
On the basis of Deployment Types
• On-premises
• Cloud
On the basis of Organization size
• SMEs
• Large enterprises
On the basis of Industries
• BFSI
• IT and telecom
• Government
• Healthcare and life sciences
• Retail and consumer goods
• Media and entertainment
• Travel and transportation
• Manufacturing
• Others (Education, and energy and utilities)
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