Future Market Insights has announced the addition of the “Cloud API And Management Platforms And Middleware Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 06/22/2018 -- Enterprises are gradually shifting towards making use of REST (Representational State Transfer) framework for cloud API as compared to SOAP (Simple Object Access Protocol) due to ease of usage as it is simpler to interact with as it supports multiple data formats and makes efficient use of bandwidth due to less verbosity in comparison to SOAP. The Cloud API and management platforms and middleware market vendors can be categorized into: pure-plays, PaaS and Integration Specialists, System Integrators and Platforms for API's, governance and SOA. Over the past few years it has been observed that a number of standalone API vendors (pure-plays) have been acquired by large scale enterprises in order to capitalize on the opportunity in cloud API and management platforms and middleware market in the long run.
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A cloud API platform vendor offer the following components as a part cloud API management solution:
API developer portal: Developers can explore APIs, register for access and obtain keys. It also contains documentation, policies and rules on usage of the cloud APIs.
API gateway: It includes design and deployment of cloud APIs with the ability to route requests to and fro from endpoints and between gateway instances
Life-cycle management and operations: The life-cycle manager manages the entire life-cycle of the cloud API platform i.e. build, test and stage, production and operations
Apart from this the cloud API management solutions also offer additional services such as: security, analytics and platform add-ons such as bot prevention by stopping bad bot traffic, internet of thing APIs by building apps that connect to multiple devices and monetization by offering flexible rate plans.
Cloud API and management Platforms and MiddlewareMarket: Drivers and Challenges
Cloud API and management platforms and middleware market is fast picking up pace due to wide adoption of mobile and cloud applications for back-end services and wide adoption of microservices based architectures by enterprises. These applications comprise of small, independent processes that communicate via API, thereby creating demand for cloud API and management platforms. Emergence of Internet of Things also has a pivotal role to play in the growth of cloud API market as more number of connected devices requires more analysis and monitoring at a fast rate that can be done through cloud APIs. In addition to this several start-ups and small scale enterprises are adopting assemble from components methodology that enables end users to use APIs to connect apps to IT assets, resulting in growth in usage of cloud APIs.
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The challenge faced by cloud API and management platforms and middleware market is that many large scale enterprises have applications that have point to point integration which are not well documented thereby making the integration of these applications challenging with modern apps. Hence if there is a restriction on the IT budget (spending) of the company, the companies tend to sideline services comprising cloud APIs.