COVID-19 Impact Analysis on API Management Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2030. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the api management market include Google (US), IBM (US), Microsoft (US), Axway Software (US), Broadcom Inc. (US), MuleSoft (US), Oracle Corporation (US), Software AG (Germany), Kong Inc. (US), Red Hat (US), SAP SE (Germany), TIBCO Software (US), Amazon Web Services (US), Boomi (US), Postman (US), Sensedia (Brazil), WSO2 (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The API management market is influenced by factors such as the rise in penetration of smartphones and internet access across the globe, the need for customer satisfaction, and the enhancement of customer experience. Moreover, the growing focus on critical business activities to drive revenue is expected to drive the businesses' long-term growth and influence the API management market growth. Furthermore, the need for advanced application programming interfaces to augment documenting, publishing, and overseeing processes will offer robust opportunities for the API management market over the forecast period. However, a shortage of skilled professionals for developing and implementing API management solutions in different regions may restrict the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of api management. The growth and trends of api management industry provide a holistic approach to this study.
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Market Segmentation
This section of the api management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Solutions
- API Platform
- API Analytics
- API Security
- Services
- Integration & Implementation
- Consulting
- Support & Maintenance
- Training & Education
By Deployment Type
- On-Premises
- Cloud
By Organization Size
- Large Enterprises
- Small And Medium Size Enterprises
By Vertical
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Travel & Transportation
- Government
- Media & Entertainment
- Healthcare & Life Sciences
- Manufacturing
- Other Verticals (Education And Energy & Utilties)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the API Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Global API Management Market was valued at US$ 1.0Bn in 2017 and is expected to reach US$ 9.1Bn by 2026, at a CAGR of 31.79% during a forecast period.API (Application programming interface) stands for a set to protocols, tools, and subroutines that are used to develop software applications.
Acting as a communication code among software programs, API management allows an organization to monitor the functionalities of the interface and meet the requirements of the application and developers.
API management allows traffic monitoring of individual applications and aids in cache memory management to improve the performance of the application.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.The rapid rise in the use of smart mobile devices with advanced specifications to run an application is one of the major factors driving the growth of the global API management market.
Digital transformation, System integrators, and SOA & PaaS integrations are some of the new opportunities available for the players in the API management market globally.
Cloud-based services reduce the total costs while providing highly flexible and scalable access to solutions.
Companies are deploying API management solutions on the cloud to increase mobility and accelerate the API development cycle.North America is projected to account for the highest share of the market in 2018.
