The global Application Program Interface (API) management market size reached USD 2.20 Billion in 2021 and is expected to register a revenue CAGR of 25.2% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is being driven by the significant adoption of Application Programming Interfaces (API) for high-volume data analysis and data engineering. Information technology companies are highly dependent on API management services to integrate, distribute, control, and analyze data across clouds. According to the World Economic Forum (WEF), it is estimated that 463 exabytes of data will be generated each day globally by 2025. Rapid use of API Management in the fields of software development, web development, operating systems, and IT frameworks is fueled by a global shortage of skilled manpower, which is accelerating revenue growth of the market. Businesses in every sector want to automate procedures and consumer interactions as soon as possible. Many companies are using several Artificial Intelligence (AI) and Machine Learning (ML) algorithms to extract enormous volumes of raw structured and unstructured data to undertake automated, scalable, and unstable data analysis. However, risk related to data security is a significant barrier to API management market growth. The protection of varied personal user data is becoming challenging owing to the rise in cyberattacks and data breaches. According to a leading cybersecurity company, globally WannaCry ransomware attacks affect around 230,000 computers. The revenue and reputation of the company may significantly affect owing to data breaches.
The study on the Global Application Program Interface Management Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Application Program Interface Management market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Application Program Interface Management industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Application Program Interface Management industry.
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Competitive Outlook: The leading companies operating in the Application Program Interface Management market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Application Program Interface Management Market and Profiled in the Report are:
Red Hat, Inc., IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc., SAP America, Inc., Salesforce, Inc., ServiceNow, Inc., Postman, Inc., Boomi, LP., WSO2 LLC, Perforce Software, Inc., Tyk Technologies Ltd, Jitterbit, Inc. and among others
Objectives of the Report:
Study of the global Application Program Interface Management market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Application Program Interface Management market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Application Program Interface Management market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Application Program Interface Management market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Deployment Model Outlook (Revenue, USD Billion; 2019-2030)
- On-premises
- Cloud
- Hybrid
Component Outlook (Revenue, USD Billion; 2019-2030)
- Solution
- Services
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprises
- Small and medium enterprises
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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