Boston, MA -- (SBWIRE) -- 05/08/2017 -- 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

"Growing number of public and private APIs is one of the factors driving the API management market"?

The global 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%. There is an increasing need for efficient API management solution across all major industry verticals. This requires the adoption of API management solutions that are both scalable and performance oriented, further driving the demand for the API management solutions. The growing numbers of APIs are vulnerable to security threats and require advanced security solutions, which may hinder end users to adopt these solutions.

Get More Details on this Report and a Full Table of Contents at API Management Market - Global Forecast to 2021

API portal solutions market accounts for the largest market share during the forecast period

The API portal solutions are estimated to grow with the largest market share during the forecast period. API portal solutions provide a platform for developer and publisher communication and are driving the growth of this market.

The integration services market is expected to gain traction during the forecast period

The API management services market includes training & consulting, integration, and support & maintenance services, in which the integration services market holds the largest market share during the forecast period. Integration services manage all APIs under a single platform, further attracting demand and driving the market.

APAC is projected to grow at the highest rate during the forecast period

North America has captured the largest market share in 2016, and the trend is expected to continue in the coming years. This region is growing owing to the presence of a large number of API management vendors and has witnessed rapid adoption due to the availability of API related solutions. On the other hand, APAC's API management solutions are expected to witness exponential growth and projected to be the fastest-growing region for the global API management market. This is mainly attributed to the growing requirement of API management solutions that can be scaled according to the increasing demand.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:

-By Company Type: Tier 1: 17%, Tier 2: 50%, and Tier 3: 33%
-By Designation: C level: 34%, Director level: 33%, and Others: 33%
-By Region: North America: 67%, Europe: 16%, APAC: 17%,

The various key vendors profiled in the report are as follows:

1. Akana, Inc.(U.S.)
2. Apiary, Inc.(U.S.)
3. Axway, Inc.(France)
4. CA Technologies, Inc.(U.S.)
5. Cloud Elements, Inc.(U.S.),
6. Dell Boomi, Inc.(U.S.)
7. DigitalML (U.S.)
8. Fiorano Software, Inc.(U.S.)
9. Google, Inc.(U.S.)
10. Hewlett-Packard Enterprises Co(U.S.)
11. IBM Corporation(U.S.)
12. Mashape Inc.(U.S.)
13. Microsoft Corporation(U.S.)
14. MuleSoft, Inc.(U.S.)
15. Nexright(Australia)
16. Oracle Corporation(U.S.)
17. RedHat, Inc.(U.S.)
18. SAP SE(Germany)
19. Sensedia(Brazil)
20. SnapLogic, Inc.(U.S.)
21. Software AG(Germany)
22. TIBCO Software, Inc.(U.S.)
23. Torry Harris Business Solutions, Inc.(U.S.)
24. Tyk Technologies Ltd.(U.K.)
25. WSO2, Inc.(U.S.)

Research Coverage:

The total API management market contains solutions and services. The solutions segment includes API portal, API gateway, API analytics, administration, security, and monetization. The services market includes training & consulting, integration, and support & maintenance services. The market is segmented on the basis of deployment models which includes on-premises and cloud. Further, the market is segmented on the basis of organization size which includes SMEs and large enterprises. Moreover, the market is also segmented on various industries that include IT & telecom, government & defense, healthcare & life science, retail & consumer goods, media & entertainment, travel & transportation, manufacturing, and others (education, energy & utilities). The entire market is segmented on the basis of five major global regions such as North America, Europe, APAC, MEA, and Latin America.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Computers and Semiconductors research reports at Fast Market Research

You may also be interested in these related reports:

-Loyalty Management Market - Global Forecast to 2021
-Product Information Management Market - Global Forecast to 2021
-Revenue Cycle Management Market - Global Forecast to 2021
-Telecom API Market - Global Forecast to 2021
-Healthcare BPO Market - Global Forecasts to 2021