API Management Market by Solution (API Portal, API Gateway, API Analytics, Administration), Service (Training and Consulting, Integration, Support and Maintenance), Deployment Type, Organization Size, Industry and Region - Global Forecast to 2021

The API management market size is estimated to grow from USD 606.8 Million in 2016 to USD 2,665.3 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 34.4%. Increasing demand for private and public APIs, growing popularity of Web APIs, and growing number of mobile devices are the major growth drivers of the market. In this study, 2015 has been considered as the base year and 2016-2021 as the forecast period.

Objectives of the Study:

The main objective of this report is to define, describe, and forecast the global API management market on the basis of solutions, services, deployment types, organization sizes, industries, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product developments, and Research & Development (R&D) activities in the API management market.

The research methodology used to estimate and forecast the market begins with capturing data on key vendor’s revenues through a secondary research using sources such as Uptime Institute and IEEE. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global API management market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The API management ecosystem comprises vendors such as 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.), DigitalML (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.), Nexright (Australia), Oracle Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany),  Sensedia (Brazil), SnapLogic, Inc. (U.S.), Software AG (Germany), TIBCO Software, Inc. (U.S.), Torry Harris Business Solutions, Inc. (U.S.), Tyk Technologies Ltd. (U.K.), and WSO2, Inc. (U.S.).; service providers, system integrators, and enterprises.

The target audiences of the API management market report are:

• API management vendors
• CSBs
• Application development platform providers
• Managed Service Providers (MSPs)
• CSPs
• System integrators
• Consultancy firms/advisory firms
• Investor and venture capitalists

 “Study answers several questions for the stakeholders, primarily which market segments will focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report:

The research report categorizes the API management market to forecast the revenues and analyze the trends in each of the following subsegments:

By Component:

• Solutions
• Services

By Solution:

• API Portal
• API Gateway
• API Analytics
• Administration
• Security
• Monetization

By Service:

• Training and Consulting
• Integration
• Support and Maintenance

By Deployment Type:

• On Premise
• Cloud

By Organization Size:

• SMEs
• Large Enterprises

By Industry:

•  BFSI
• IT and Telecom
• Government and Defense
• Healthcare and Life Science
• Retail and Consumer Goods
• Media and Entertainment
• Travel and Transportation
• Manufacturing
• Others (Education, Energy & Utilities)

By Region:

• North America
• Europe
• Middle East and Africa (MEA)
• Asia-Pacific (APAC)
• Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis:

Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis:

• Further breakdown of the North America API Management market
• Further breakdown of the Europe market
• Further breakdown of the APAC market
• Further breakdown of the MEA market
• Further breakdown of the Latin America market

Company Information:

Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Market
    4.2 API Management Market, 2016–2021
    4.3 Market Top Three Industries and Regions, 2016
    4.4 Market Size, 2016–2021: By Region
    4.5 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Component
           5.2.2 By Solution
           5.2.3 By Service
           5.2.4 By Deployment Type
           5.2.5 By Organization Size
           5.2.6 By Industry
           5.2.7 By Region
    5.3 Evolution
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growing Demand for Private and Public APIs
                    5.4.1.2 Growing Popularity of Web APIs
                    5.4.1.3 Increasing Number of Mobile Device Users
           5.4.2 Restraints
                    5.4.2.1 API Security Issues
           5.4.3 Opportunities
                    5.4.3.1 Increasing Adoption of IoT
           5.4.4 Challenges
                    5.4.4.1 Server Availability Constraints

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking
           6.3.1 Innovation and Product Enhancements
           6.3.2 Collaborations, Partnerships, and Acquisitions
    6.4 Technology Trends and Standards
           6.4.1 Introduction
           6.4.2 Standards and Guidelines for API Management
                    6.4.2.1 Oauth 2.0
                    6.4.2.2 Odata (Open Data Protocol)
                    6.4.2.3 Distributed Management Task Force (Dmtf)
                    6.4.2.4 Telecommunication Industry Association (Tia)

7 API Management Market Analysis, By Component (Page No. - 45)
    7.1 Introduction

8 API Management Market Analysis, By Solution (Page No. - 47)
    8.1 Introduction
    8.2 API Portal
    8.3 API Gateway
    8.4 API Analytics
    8.5 Administration
    8.6 Security
    8.7 Monetization

9 API Management Market Analysis, By Service (Page No. - 53)
    9.1 Introduction
    9.2 Training and Consulting
    9.3 Integration
    9.4 Support and Maintenance

10 API Management Market Analysis, By Deployment Type (Page No. - 58)
     10.1 Introduction
     10.2 On-Premises
     10.3 Cloud

11 API Management Market Analysis, By Organization Size (Page No. - 62)
     11.1 Introduction
     11.2 Small and Medium Enterprises
     11.3 Large Enterprises

12 API Management Market Analysis, By Industry (Page No. - 66)
     12.1 Introduction
     12.2 Banking, Financial Services, and Insurance
     12.3 IT and Telecom
     12.4 Government and Defense
     12.5 Healthcare and Life Sciences
     12.6 Retail and Consumer Goods
     12.7 Media and Entertainment
     12.8 Travel and Transportation
     12.9 Manufacturing
     12.10 Others

13 Geographic Analysis (Page No. - 76)
     13.1 Introduction
     13.2 North America
     13.3 Europe
     13.4 Asia-Pacific
     13.5 Middle East and Africa
     13.6 Latin America

14 Competitive Landscape (Page No. - 94)
     14.1 Overview
     14.2 Vendor Inclusion Criteria
     14.3 Vendor Dive
             14.3.1 Vanguards
             14.3.2 Innovators
             14.3.3 Dynamic
             14.3.4 Emerging
     14.4 Product Offerings (For All 25 Players)
     14.5 Business Offerings (For All 25 Players)

15 Company Profiles (Page No. - 99)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     15.1 Akana, Inc.
     15.2 Apiary, Inc.
     15.3 Axway, Inc.
     15.4 CA Technologies, Inc.
     15.5 Cloud Elements, Inc.
     15.6 Dell Boomi, Inc.
     15.7 Digitalml.
     15.8 Fiorano Software, Inc.
     15.9 Google, Inc.
     15.10 Hewlett Packard Enterprises Co.
     15.11 IBM Corporation
     15.12 Mashape Inc.
     15.13 Microsoft Corporation
     15.14 Mulesoft, Inc.
     15.15 Nexright
     15.16 Oracle Corporation
     15.17 Red Hat, Inc.
     15.18 SAP SE
     15.19 Sensedia
     15.20 Snaplogic, Inc.
     15.21 Software AG
     15.22 Tibco Software, Inc.
     15.23 Torry Harris Business Solutions, Inc.
     15.24 TYK Technologies Ltd.
     15.25 WSO2, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 127)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real-Time Market Intelligence
     16.5 Available Customizations
     16.6 Related Reports
     16.7 Author Details

List of Tables (61 Tables)

Table 1 Global API Management Market: Assumptions
Table 2 Market Size and Growth Rate, 2014–2021 (USD Million, Y-O-Y %)
Table 3 Market Size By Component, 2014–2021 (USD Million)
Table 4 Market Size By Solution, 2014–2021 (USD Million)
Table 5 API Portal: Market Size, By Region, 2014–2021 (USD Million)
Table 6 API Gateway: Market Size By Region, 2014–2021 (USD Million)
Table 7 API Analytics: Market Size By Region, 2014–2021 (USD Million)
Table 8 Administration: Market Size By Region, 2014–2021 (USD Million)
Table 9 Security: Market Size By Region, 2014–2021 (USD Million)
Table 10 Monetization: Market Size By Region, 2014–2021 (USD Million)
Table 11 API Management Market Size By Service, 2014–2021 (USD Million)
Table 12 Training and Consulting: Market Size By Region, 2014–2021 (USD Million)
Table 13 Integration: API Management Market Size, By Region, 2014–2021 (USD Million)
Table 14 Support and Maintenance: Market Size By Region, 2014–2021 (USD Million)
Table 15 API Management Market Size By Deployment Type, 2014–2021 (USD Million)
Table 16 On Premises: Market Size By Region, 2014–2021 (USD Million)
Table 17 Cloud: Market Size By Region, 2014–2021 (USD Million)
Table 18 API Management Market Size, By Organization Size, 2014–2021 (USD Million)
Table 19 Small and Medium Enterprises: Market Size By Region, 2014–2021 (USD Million)
Table 20 Large Enterprises: Market Size By Region, 2014–2021 (USD Million)
Table 21 API Management Market Size, By Industry, 2014–2021 (USD Million)
Table 22 Banking, Financial Services, and Insurance: Market Size By Region, 2014–2021 (USD Million)
Table 23 IT and Telecom: API Management Market Size By Region, 2014–2021 (USD Million)
Table 24 Government and Defense: Market Size By Region, 2014–2021 (USD Million)
Table 25 Healthcare and Life Sciences: Market Size By Region, 2014–2021 (USD Million)
Table 26 Retail and Consumer Goods: Market Size By Region, 2014–2021 (USD Million)
Table 27 Media and Entertainment: Market Size By Region, 2014–2021 (USD Million)
Table 28 Travel and Transportation: Market Size By Region, 2014–2021 (USD Million)
Table 29 Manufacturing: Market Size By Region, 2014–2021 (USD Million)
Table 30 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 31 API Management Market Size, By Region, 2014–2021 (USD Million)
Table 32 North America: Market Size By Component, 2014–2021 (USD Million)
Table 33 North America: Market Size By Solution, 2014–2021 (USD Million)
Table 34 North America: Market Size By Service, 2014–2021 (USD Million)
Table 35 North America: Market Size By Deployment Type, 2014–2021 (USD Million)
Table 36 North America: Market Size By Organization Size, 2014–2021 (USD Million)
Table 37 North America: Market Size By Industry, 2014–2021 (USD Million)
Table 38 Europe: API Management Market Size, By Component, 2014–2021 (USD Million)
Table 39 Europe: Market Size By Solution, 2014–2021 (USD Million)
Table 40 Europe: Market Size By Service, 2014–2021 (USD Million)
Table 41 Europe: Market Size By Deployment Type, 2014–2021 (USD Million)
Table 42 Europe: Market Size By Organization Size, 2014–2021 (USD Million)
Table 43 Europe: Market Size By Industry, 2014–2021 (USD Million)
Table 44 Asia-Pacific: API Management Market Size, By Component, 2014–2021 (USD Million)
Table 45 Asia-Pacific: Market Size By Solution, 2014–2021 (USD Million)
Table 46 Asia-Pacific: Market Size By Service, 2014–2021 (USD Million)
Table 47 Asia-Pacific: Market Size By Deployment Type, 2014–2021 (USD Million)
Table 48 Asia-Pacific: Market Size By Organization Size, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Market Size By Industry, 2014–2021 (USD Million)
Table 50 Middle East and Africa: API Management Market Size, By Component, 2014–2021 (USD Million)
Table 51 Middle East and Africa: Market Size By Solution, 2014–2021 (USD Million)
Table 52 Middle East and Africa: Market Size By Service, 2014–2021 (USD Million)
Table 53 Middle East and Africa: Market Size By Deployment Type, 2014–2021 (USD Million)
Table 54 Middle East and Africa: Market Size By Organization Size, 2014–2021 (USD Million)
Table 55 Middle East and Africa: Market Size By Industry, 2014–2021 (USD Million)
Table 56 Latin America: API Management Market Size, By Component, 2014–2021 (USD Million)
Table 57 Latin America: Market Size By Solution, 2014–2021 (USD Million)
Table 58 Latin America: Market Size By Service, 2014–2021 (USD Million)
Table 59 Latin America: Market Size By Deployment Type, 2014–2021 (USD Million)
Table 60 Latin America: Market Size By Organization Size, 2014–2021 (USD Million)
Table 61 Latin America: Market Size By Industry, 2014–2021 (USD Million)

List of Figures (34 Figures)

Figure 1 API Management Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Global API Management Market Size (2016–2021): Components
Figure 7 Top Segments in the API Management Market By 2016
Figure 8 North America is Expected to Hold the Largest Market Share in 2016
Figure 9 Increasing IoT Trends are Fueling the Growth of API Management Market (2016–2021)
Figure 10 API Management Services Market is Projected to Grow at A Higher Rate During the Forecast Period
Figure 11 BFSI and North America Region Expected to Hold the Largest Market Shares in 2016
Figure 12 Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 API Management Market Regional Lifecycle: Asia-Pacific is Expected to Have A High Growth Rate in the Coming Years
Figure 14 Market Segmentation By Component
Figure 15 Market Segmentation By Solution
Figure 16 Market Segmentation By Service
Figure 17 Market Segmentation By Deployment Type
Figure 18 Market Segmentation By Organization Size
Figure 19 Market Segmentation By Industry
Figure 20 Market Segmentation By Region
Figure 21 Evolution of API Management
Figure 22 API Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 API Management Market: Value Chain Analysis
Figure 24 Strategic Benchmarking: Innovations and Product Enhancements
Figure 25 Strategic Benchmarking: Collaborations, Partnerships, and Acquisitions
Figure 26 Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Support and Maintenance Service is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Cloud Deployment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 29 Small and Medium Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 30 Retail and Consumer Goods Industry is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 North America is Expected to Hold the Largest Market Share in 2016: Regional Snapshot (2016–2021)
Figure 32 North America: Market Snapshot
Figure 33 Asia-Pacific: Market Snapshot
Figure 34 Vendor Dive: Evaluation Overview

The API management market is expected to grow from USD 606.8 Million in 2016 to USD 2,665.3 Million by 2021, at a high Compound Annual Growth Rate (CAGR) of 34.44% during the forecast period. Due to the growing web APIs, organizations are increasingly requiring API management solutions. API management solutions can be deployed for both on-premises and cloud-based infrastructures. The enterprises are in continuous need of consumable APIs that can securely transform back-end capabilities, further driving the demand for efficient API management solutions.

The report provides detailed insights into the global API management market, which is segmented on the basis of solutions, services, deployment types, organization sizes, industry verticals, and region. In the solution segment API Portal holds the higher market share as it facilitates provisioning of platform for using APIs. In terms of services, integration services are expected to dominate the market and contribute the largest market share, whereas, support and maintenance is set to grow at the highest CAGR during the forecast period. Increasing adoption of both public and private APIs across all the verticals and the increasing adoption of API management solutions are further fueling the growth of the market.

The report covers all the major aspects of the API management market and provides an in-depth analysis across the regions of North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share in the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2021, due to the presence of various developing countries, growing number of API providers, and increasing adoption of API management technology.

However, requirement of additional security for APIs may act as the restraining factor for the market. Various vendors are coming up with innovative API management solutions and products due to the emerging demand for Web APIs. Axway provides API lifecycle management products, analytics, application development, and other offering across various industry verticals. It has also adopted strategies such as new product development in this market. The other major vendors providing API management solutions and services are 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.), DigitalML (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.), Nexright (Australia), Oracle Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany),  Sensedia (Brazil), SnapLogic, Inc. (U.S.), Software AG (Germany), TIBCO Software, Inc. (U.S.), Torry Harris Business Solutions, Inc. (U.S.), Tyk Technologies Ltd. (U.K.), and WSO2, Inc. (U.S.). These players adopted various strategies such as new product launches, partnerships, collaborations, and expansions to become competitive in the market.

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