In a recent published report, Kenneth Research has updated the market report for API Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for API Management Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
The API Management Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global API Management Market was valued at USD $1.6 Billion in the year 2019. Global API Management Market is further estimated to grow at a CAGR of 33.2% from 2019 to reach USD $9.04 Billion by the year 2025.
Advancements of the Big Data and Internet of Things, increasing requirements to manage API traffic, and feature & cost benefits are some of the major factors assumed to tower the development of API managements Market. Security problems associated to API is expected to restrain the development of API management industry in the forecast period. Nevertheless, PaaS and SOA integrations along with system integrators are expected to unlock up new alluring avenues in near future. Moreover, new product launches by market players are also set to power the development of API management market. For example, in August 20198 Microsoft announced plans for rolling a new BizTalk Server service in addition to details about its dream of Azure Integration Services.
North America is likely to hold largest market share in coming years in API management industry. Rising popularity of web APIs will be the major boosting factors for development of API management industry in this area. The high acceptance rate of new tech is likely to support the development of API management industry in Europe. Increasing numbers of mobile users paired with penetration of e-commerce in up-and-coming nations is likely to boost the API management industry in Asia Pacific extremely. China held the biggest share of API management industry in Asia Pacific. Latin America is also likely to show obvious development in the API managements industry in near future.
Major market players in API Management are CA Technologies, Microsoft Corporation, Akana Inc, Apiary Inc., Google Inc., Red Hat Inc., Axway Inc., Mashape Inc., Fiorano Software, HP, MuleSoft Inc., Sensedia, SAP SE, TYK Technologies, Tibco Software, IBM Corporation, and Cloud Elements Inc. and brief information of 5 more companies provided in the report.
API Management Market Overview, By Deployment
API Management Market Overview, By Solution
API Management Market Overview, By Service
*Training & Consulting
*Support & Maintenance
API Management Market Overview, By Region
*Rest of Europe
*Rest of Asia-Pacific
*Middle East & Africa
Key points covered in this report:
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
- The import and export details along with consumption value and production capability of every region is mentioned in the report.
- Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
- The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies.
- A number of graphs and charts are present in the report that give the clients a clear visual representation of the data and makes it easy to comprehend the report.
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Table of Contents
1.1 Industry Vision
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Turnover Process
2.3. Data Triangulation
2.4. Research Assumptions
3. Executive Summary
4. Industry Overview
5. Industry Trends
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. API Management Industry, By Deployment
7. API Management Industry, By Solution
7.4. API Gateway
7.5. API Analytics
8. API Management Industry Overview, By Service
8.1. Training & Consulting
8.2. Support & Maintenance
9. Geographical Analysis
9.2. North America
9.4. Asia Pacific
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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