Uttar Pradesh News Desk

API Management Market Size, Share | Revenue, Trends, Price, Gross Margin, and Forecast To 2027

 Breaking News
  • No posts were found

API Management Market Size, Share | Revenue, Trends, Price, Gross Margin, and Forecast To 2027

July 20
21:17 2022
API Management Market Size, Share | Revenue, Trends, Price, Gross Margin, and Forecast To 2027
Google (US), IBM (US), Microsoft (US), Axway Software (US), Broadcom Inc. (US), MuleSoft (US), Oracle Corporation (US), Software AG (Germany), Kong Inc. (US), Red Hat (US), SAP SE (Germany), TIBCO Software (US), Amazon Web Services (US), Boomi (US), Postman (US)
API Management Market by Component (Solutions and Services), Deployment Type (On-premises, Cloud), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, IT & Telecom, and Retail & Consumer Goods) and Region – Global Forecast to 2027

The global API Management Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period, to reach USD 13.7 billion by 2027 from USD 4.5 billion in 2022.

The major players have adopted various growth strategies to expand their global presence and increase their market reach to enhance customer base. Key players such as Google, IBM, Amazon Web Services, Microsoft and MuleSoft have majorly adopted strategies such as product launches and upgradations, partnerships, agreements, merger and acquisitions to gain market presence and to support the growth of API management market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178266736

API platform segment to hold largest market share of API management platform in 2022.

API platform is a framework that enables the creation of web applications and services without affecting the existing APIs. Thus, the API platform forms a crucial element of a mature API strategy. API platform is further segmented as API Portal, API Gateway, API administration, and API Monetization.

Consulting services to hold significant share of API management market during the forecast period.

Consulting services in the API management market helps understand the functionalities and complexities associated with adopting an API management solution. Consultants help understand the business process’s problems and suggest ways to overcome them. These services are important for deploying API management solutions as they examine the budget and business requirements and reduce complexities.

Key Players

The major players for API management market includes Google (US), IBM (US), Microsoft (US), Axway Software (US), Broadcom Inc. (US), MuleSoft (US), Oracle Corporation (US), Software AG (Germany), Kong Inc. (US), Red Hat (US), SAP SE (Germany), TIBCO Software (US), Amazon Web Services (US), Boomi (US), Postman (US), and more.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=178266736

Google has been continuously making innovations to deliver solutions for improving its clients’ productivity and efficiency by providing them tailored solutions to meet their specific demands. The company invests a substantial portion of its annual revenue in R&D activities. Its industry-leading API management solution enables API providers to design, secure, deploy, monitor, and scale APIs. Moreover, Google helps its enterprise customers manage API traffic and upkeep APIs performance and usage. The company has a strong presence geographically with a strong focus on innovative initiatives. The company focuses on organic growth strategies to enhance and innovate its offerings. It focuses on inorganic growth strategies to gain a competitive edge in the market. For instance, the announced Google Cloud’s Apigee API management platform supports GraphQL APIs to help developers manage the full lifecycle of GraphQL APIs for consumption, such as REST APIs. The company is increasingly investing in alliances and partnerships to gain market presence, and the developments in cloud computing technology are driving the demand.

IBM is one of the leading global players offering API management solutions. The company is recognized for its diversified product and service offerings. Its R&D expenditure has been increasing continuously over the past three years, focusing on high-growth and high-value opportunities. IBM’s API management solution is designed to cater to the wide variety of management requirements of API strategies. IBM has built a strong brand value in technology, catering to its clientele across industries. The company is intensifying its focus on innovation and is distinctive in its product quality. It is also continually investing in R&D activities to strengthen its solutions. IBM has an extensively integrated supply chain and has optimized inventories over time, which enables IBM to reduce risks during market changes.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:Mr. Aashish MehraMarketsandMarkets™ INC630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected]Visit Our Website: https://www.marketsandmarkets.comContent Source: https://www.marketsandmarkets.com/PressReleases/api-management.asp

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: www.marketsandmarkets.com/Market-Reports/api-management-market-178266736.html

Related Articles

Recent Posts

China-hifi-Audio Provides the Highly Acclaimed Willsenton R300 and Muzishare X7 Audiophile Tube Amplifiers for Sound Lovers Worldwide

Read Full Article