PUNE, India, March 27, 2017 /PRNewswire/ --
The API Management Market size is projected to reach USD 2,665.3million by 2021 growing at a CAGR of 34.4%. While API portal solutions estimated grow with highest CAGR & API management services held a larger market share with North America captured the largest market share during the forecast period.
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The global API management market size is estimated to grow from USD 606.8 million in 2016 to USD 2,665.3million by 2021, at a Compound Annual Growth Rate (CAGR) of 34.4%. There is an increasing need for efficient API management solution across all major industry verticals. This requires the adoption of API management solutions that are both scalable and performance oriented, further driving the demand for the API management solutions. The growing numbers of APIs are vulnerable to security threats and require advanced security solutions, which may hinder end users to adopt these solutions.
The API portal solutions are estimated to grow with the largest market share during the forecast period. API portal solutions provide a platform for developer and publisher communication and are driving the growth of this market.
The API management services market includes training & consulting, integration, and support &maintenance services, in which the integration services market holds the largest market share during the forecast period. Integration services manage all APIs under a single platform, further attracting demand and driving the market.
The various key vendors profiled in the report are as follows:
- Akana, Inc.(U.S.)
- Apiary, Inc.(U.S.)
- Axway, Inc.(France)
- CA Technologies, Inc.(U.S.)
- Cloud Elements, Inc.(U.S.),
- Dell Boomi, Inc.(U.S.)
- Fiorano Software, Inc.(U.S.)
- Google, Inc.(U.S.)
- Hewlett-Packard Enterprises Co(U.S.)
- IBM Corporation(U.S.)
- Mashape Inc.(U.S.)
- Microsoft Corporation(U.S.)
- MuleSoft, Inc.(U.S.)
- Oracle Corporation(U.S.)
- RedHat, Inc.(U.S.)
- SAP SE(Germany)
- SnapLogic, Inc.(U.S.)
- Software AG(Germany)
- TIBCO Software, Inc.(U.S.)
- Torry Harris Business Solutions, Inc.(U.S.)
- Tyk Technologies Ltd.(U.K.)
- WSO2, Inc.(U.S.)
Order a copy of API Management Market by Solution (API Portal, API Gateway, API Analytics, and Administration), Service (Training and Consulting, Integration, Support and Maintenance), Deployment Type, Organization Size, Industry and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=927453 .
North America has captured the largest market share in 2016, and the trend is expected to continue in the coming years. This region is growing owing to the presence of a large number of API management vendors and has witnessed rapid adoption due to the availability of API related solutions. On the other hand, APAC's API management solutions are expected to witness exponential growth and projected to be the fastest-growing region for the global API management market. This is mainly attributed to the growing requirement of API management solutions that can be scaled according to the increasing demand.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
- By Company Type: Tier 1:17%, Tier 2: 50%, and Tier 3:33%
- By Designation: C level:34%, Director level:33%, and Others:33%
- By Region: North America:67%, Europe:16%, APAC:17%,
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