Market Overview:

Application programming interface management is the process of publishing, documenting, and overseeing application programming interfaces in a secure and extensible environment. One of the key drivers contributing to the growth of the Application Programming Interface Management market has been mobility and application proliferation, increasing mobile subscribers, increasing social media applications, increasing demand for private and public APIs, increasing popularity of web APIs, and increasing development. With the application programming interface management of the Internet of Things and Big Data, enterprises can publish application programming interfaces to observe the life cycle and requirements of application authors.

Key Players:

The key players of global API Management market report include IBM Corporation (U.S.), Microsoft Corporation (U.S.), Akana, Inc. (U.S.), CA Technologies, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), Mashape Inc. (U.S.), MuleSoft, Inc. (U.S.), Oracle Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany), and others.

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Market Segmentation:

By Component:
• Solutions
• Services

By Service:
• Training and consulting
• Integration
• Support & maintenance

By Deployment:
• On-premises
• Cloud-based

Regional Insights:

The IT industry is booming in North America. This region holds the largest market share due to technological advances and the presence of various cloud service providers in the region. When it comes to API management, cloud service providers become a major game changer because they provide enterprises with the ability to store, use and manage application interfaces remotely.

Additionally, the flexible pricing of cloud as a service increases the number of applications for API management. Most conglomerates in this market are implementing APIs for a variety of industrial applications such as automotive and transportation, healthcare and healthcare, and even smartphones. However, Asia Pacific is expected to grow at a rate similar to that of Europe during the forecast period.

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