Dublin, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The "API Management Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The API management market is forecasted to grow by USD 3.17 billion during 2023-2028, accelerating at a CAGR of 11.6% during the forecast period. The market is driven by growing use of digital payment solutions, surging advancement in IoT and big data, and increased demand of API-based connectivity.
This report on the API management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The API management market is segmented as below:
By Deployment
- Cloud
- On-premises
By Region
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing number of digital wallets as one of the prime reasons driving the API management market growth during the next few years. Also, growing number of partnerships and mergers & acquisitions among vendors, and rise in AI-based API management applications will lead to sizable demand in the market.
The report on the API management market covers the following areas:
- API Management Market sizing
- API Management Market forecast
- API Management Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading API management market vendors. Also, the report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
A selection of companies mentioned in this report includes, but is not limited to:
- Akamai Technologies Inc.
- Alphabet Inc.
- Amazon.com Inc.
- Axway Software SA
- Boomi LP
- Broadcom Inc.
- International Business Machines Corp.
- Kong Inc.
- Microsoft Corp.
- Oracle Corp.
- Postman Inc.
- Salesforce Inc.
- SAP SE
- Sensedia SA
- Software AG
- TIBCO Software Inc.
- Torry Harris Business Solutions
- Workato Inc.
- WSO2 Inc.
For more information about this report visit https://www.researchandmarkets.com/r/axke6z
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
