API Management Market to Get a New Boost: Google, Mulesoft, Apiary

API Management Market
The Latest published market study on Global API Management Market provides an overview of the current market dynamics in the Global API Management space, as well as what our survey respondents— all outsourcing decision-makers— predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some of the players that are in coverage of the study are Akana, Inc. (United States), Mulesoft, Inc. (United States), Apiary, Inc. (United States), Axway, Inc. (France), CA Technologies, Inc. (United States), Cloud Elements, Inc. (United States), Dell Boomi, Inc. (United States), Google, Inc. (United States) , IBM Corporation (United States) , Microsoft Corporation (United States) . 

According to HTF Market Intelligence, the API Management Market is Anticipated to grow at a CAGR of 34.8% during the forecast period.

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API Management, or Application Programming Interface Management, refers to the process of creating, publishing, documenting, and analyzing the usage of APIs (Application Programming Interfaces) in a secure and scalable environment. APIs are sets of rules and protocols that allow different software applications to communicate with each other. API Management involves the administration and monitoring of these APIs throughout their lifecycle.

Market Trends:

Organizations were increasingly adopting API-driven architectures to enable seamless integration between applications, services, and systems. This trend was driven by the need for flexibility, agility, and scalability in modern software development.

Market Drivers:

The growing popularity of microservices architecture was a significant driver for API management. Microservices rely heavily on APIs for communication between services, and effective API management is essential for ensuring scalability, reliability, and security in microservices-based applications.

Market Opportunities:

Developing innovative API monetization strategies presents an opportunity for businesses. Organizations can explore new revenue streams by offering APIs as products and charging developers or third parties for access to specific functionalities or datasets.

Market Leaders & Development Strategies:

In 2022, Axway, a leading provider of open banking built on the Amplify API management platform, is proud to announce its partnership with Blanc Labs, a trusted financial service and healthcare innovation partner. In 2022, Axway announces that it has achieved its 2022 objective to rationalize its product portfolio thanks to several operations carried out in recent months. In line with its strategy to focus on its core products and divest from businesses that are no longer aligned with its growth and profitability ambitions, the Company has disposed of or discontinued several specialized products since the beginning of the year.

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In order to provide a more informed view, Global API Management research offers a snapshot of the current state of the rapidly changing industry, looking through the lenses of both end users and service providers/players of to come up with a more robust view.

Market Scope

Based on the type, the market segmented into : On-premises, Cloud-based

Based on the End use application, the market segmented into : Large Enterprises, Small and Medium Enterprises

Regional Landscape

Geographically, the Global API Management market size by revenue is broken down by 18+ countries from North America, LATAM, the Middle East, Asia Pacific, Africa, and Europe based on various characteristics such as geographic footprints and business operation locations of players.

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Analysts at HTF MI sheds light on Global API Management market data by Country

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, South Korea, Thailand, India, Indonesia, Australia, and Others)
Europe (Germany, Russia, the UK, Italy, France, Spain, Belgium, Netherlands, Switzerland, Nordic Nations, and the Rest of Europe.)
North America (the United States, Mexico, and Canada)
South America (Brazil, Argentina, Chile, Rest of South America)
The Middle East and Africa (GCC Countries, Turkey, Israel, South Africa, Egypt, and the Rest of MEA)

The Global API Management study cites various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers, and acquisitions, etc that Industry players such as Akana, Inc. (United States), Mulesoft, Inc. (United States), Apiary, Inc. (United States), Axway, Inc. (France), CA Technologies, Inc. (United States), Cloud Elements, Inc. (United States), Dell Boomi, Inc. (United States), Google, Inc. (United States) , IBM Corporation (United States) , Microsoft Corporation (United States) are utilizing to overcome macro-economic scenarios. The Global API Management Market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin, and % Market Share.

Extracts from Global API Management Market Study

1. Market Snapshot
2. Global API Management Market Factor Analysis
– Value Chain Analysis
– Growth Drivers, Trends, and Challenges
– Porter 5- Forces Analysis
– PESTEL Analysis
3. Global API Management Market by Type (2019-2030) []
4. Market by Applications/ End Users (2019-2030) []
5. Global API Management Market: Country Landscape
6. Market Size Breakdown for Each Country
7. Competitive Landscape
– Market Share Analysis by Players
– Company Profiles
……….. Continued

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Data Sources & Methodology
The primary sources involve the industry experts from the Global API Management Market including the management organizations, processing organizations, and service providers of the industrial value chain. In the extensive research process undertaken for this study, the primary sources considered such as Postal Surveys, telephone, Online & Face-to-Face Surveys to obtain and verify both qualitative and quantitative aspects. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor presentations, Conference Call transcripts, webinars, Journals, Regulators, National Customs, and Industry Associations were used.

Thanks for reading Global API Management Industry research publication; you can opt for a regional report version like Western Europe, USA, China, Southeast Asia, LATAM, APAC, etc. Also, we can serve you with customized research services as HTF MI holds a database repository that includes Public organizations and Millions of Privately held companies with expertise across various Industry domains.

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