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Market Leader - API Management Market

API management solutions provide a secure and integrated platform for efficient management of APIs. The API management market is projected to have an increasing growth owing to the increasing number of public and private APIs. The global API management market is projected to be USD 2665.3 Million by 2021 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 34.4% during the forecast period.

This business sector includes an expansive number of 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.) providing API management products. Players in this business sector have embraced different strategies to extend their worldwide presence and expand their market share. New product developments and partnerships/collaborations are some of the significant strategies embraced by the market players to accomplish developments in the API management market. Companies such as Google, Axway, CA Technologies, IBM, Mulesoft, RedHat, and TIBCO are adopting these strategies to further strengthen their offerings and grow their market share.

CA Technologies is one of the leading providers of API management solutions in the API management market. The company has a global clientele and provides technology solutions to businesses all over the world. The company’s long-term strategy is more focused towards the organic growth. CA Technologies is expected to develop new products & solutions to attract a larger customer base worldwide. The launch of CA Live Creator in October 2016 that provides the ability to automatically create an API for applications, further supports the fact that CA Technologies would be focused on organic growth for strengthening its position in the API management market.

Google is another major provider of API management solutions. The company offers internet related services and products to its clients all over the world. The company focuses on both organic and inorganic growth to tap into the API management market. In November 2016, Google acquired Apigee Corp. which offered software predictive analytics and management of APIs. In January 2017, Google has launched Apigee Edge for Private Cloud 17.01 to help users control and secure their APIs in an efficient way. These strategies have helped Google to improve its enterprise service offerings and focus on corporate clients to further gain a leading position in the API management market.

Related Reports:

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

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