API管理市場 : 2029年までの世界予測

API Management Market - Global Forecast To 2029

API管理市場 - プラットフォーム (APIゲートウェイ、APIライフサイクル管理、APIセキュリティ、API分析とモニタリング、API開発者ポータル)、サービス (統合と実装、サポートとメンテナンス、トレーニングと教育) - 2029年までの世界予測
API Management Market by Platform (API Gateways, API Lifecycle Management, API Security, API Analytics & Monitoring, API Developer Portal), Service (Integration & Implementation, Support & Maintenance, Training & Education) - Global Forecast to 2029

商品番号 : SMB-18035

出版社MarketsandMarkets
出版年月2024年9月
ページ数299
図表数303
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global API management market will grow from USD 7.67  billion in 2024 to USD 16.93  billion by 2029 at a compounded annual growth rate (CAGR) of 17.1% during the forecast period.

世界の API管理市場は、予測期間中に 17.1% の年間複利成長率 (CAGR) で、2024 年の 76 億 7,000 万米ドルから 2029 年までに 169 億 3,000 万米ドルに成長すると予想されます。

The API management market is gaining traction across multiple sectors, including enterprises, fintech, healthcare, telecom, and cloud service providers, by offering comprehensive API governance, security, and real-time analytics. These solutions provide end-to-end management for API lifecycle processes, including design, deployment, monitoring, and monetization. More organizations are adopting API management to streamline integration, boost developer productivity, and ensure data security. The focus is on providing seamless connectivity between applications, data, and services powered by analytics, automation, and AI-driven insights to enhance API performance, scalability, and security in today’s fast-evolving digital ecosystems.

API管理市場 : 2029年までの世界予測
API Management Market

By vertical, the retail & e-commerce segment holds the highest CAGR during the forecast period.

In the retail and e-commerce industries, API management is essential to how customers interact and how businesses operate. APIs can link disparate sales channels, inventory, and CRM applications to allow unified operations. They let the retailers collect data from various sources to gain a single integrated view of inventory, sales, and customer relationships. It assists in achieving the proper inventory levels, enhancing order processing and fulfillment, and enhancing shopper personalization. APIs help sell and use the product through various online and offline channels to ensure that customers get the same information, pricing, and promotions regardless of where they get the information. This integration optimizes the customer journey by allowing aspects like live tracking of orders, offers based on history, and easier returns processing.

API管理市場 : 2029年までの世界予測
API Management Market – Global Forecast To 2029

The  integration and implementation services segment holds the largest market share during the forecast period based on services.

Integration and implementation services in API management are essential for effortlessly integrating APIs to existing systems and guaranteeing their successful deployment. These services often entail developing and implementing strategies for integrating APIs into an organization’s IT environment, which includes legacy systems, cloud platforms, and third-party apps. The procedure starts with analyzing the present infrastructure and determining integration needs, then configures API gateways and middleware to ensure seamless data flow and compatibility. Implementation services also include API deployment, which ensures that they are properly configured and tested in production settings. This includes implementing monitoring tools to track API performance, security, and usage, as well as developing mechanisms for continuing maintenance and changes.

Based on the platform, the API security segment holds the highest CAGR during the forecast period.

API protection is crucial for safeguarding data, ensuring privacy, and shielding systems from attacks and unauthorized users. It entails implementing several security measures for APIs at various life cycle phases, including authentication, authorization, encryption, and threat detection. Authentication confirms the identity of the API’s users and applications, while authorization guarantees that only users with the necessary permissions can access specific resources or perform certain operations.

Encryption is essential in determining how data will be managed as it moves between clients and servers to avoid cases where third parties intercept information. Further, threat detection mechanisms assist in identifying and combating possible security incidents, including SQL injection attacks, cross-site scripting, and others. Maintaining proper API security involves constantly monitoring and securing against new threats and emergent weaknesses. When these security practices are incorporated into API management, organizations protect their data from being hacked, meet the legal requirements, and gain users’ confidence.

API管理市場 : 2029年までの世界予測 region
API Management Market – region

Breakdown of primaries

We interviewed Chief Executive Officers (CEOs), directors of innovation and technology, system integrators, and executives from several significant API management market companies.

  • By Company: Tier I: 33%, Tier II: 42%, and Tier III: 25%
  • By Designation: C-Level Executives: 36%, Director Level: 45%, and Others: 19%
  • By Region: North America: 42%, Europe: 35%,  Asia Pacific: 15%, Rest of World: 8%
API管理市場 : 2029年までの世界予測 ecosystem
API Management Market – ecosytem

Some of the significant API management market vendors are Google (US), IBM (US), AWS (US), Microsoft (US), MuleSoft (US), Axway (France), Software AG (Germany), WSO2 (US), Broadcom (US), and TIBCO Software (US).

Research coverage:

In the market report, we covered the API management market across segments. We estimated the market size and growth potential for many segments based on offering, platform, deployment type, organization size, verticals, and region. It contains a thorough competition analysis of the major market participants, information about their businesses, essential observations about their product and service offerings, current trends, and critical market strategies.

Reasons to buy this report:

With information on the most accurate revenue estimates for the whole API management industry and its subsegments, the research will benefit market leaders and recent newcomers. Stakeholders will benefit from this report’s increased understanding of the competitive environment, which will help them better position their companies and develop go-to-market strategies. The research offers information on the main market drivers, constraints, opportunities, and challenges, as well as aids players in understanding the pulse of the industry.

The report provides insights on the following pointers:

Analysis of key drivers (enable seamless integration and interaction between online services, platforms, and devices), restraints (complexity of implementation heightened by the need to accommodate legacy systems, diverse development environments, and evolving technological standards), opportunities (integration of emerging technologies with API management enables organizations to drive innovation, improve efficiency, and deliver more personalized experiences), and challenges (updating APIs while maintaining old versions leads to integration breaks and disruptions) influencing the growth of the API management market.

  • Product Development/Innovation: Comprehensive analysis of emerging technologies, R&D initiatives, and new service and product introductions in the API management industry.
  • Market Development: In-depth details regarding profitable markets: the paper examines the global API management industry.
  • Market Diversification: Comprehensive details regarding recent advancements, investments, unexplored regions, new goods and services, and the API management industry.
  • Competitive Assessment: Thorough analysis of the market shares, expansion plans, and service portfolios of the top competitors in the API management industry, such as Google (US), IBM (US), AWS (US), Microsoft (US), and MuleSoft (US).

Table of Contents

1            INTRODUCTION            28

1.1         STUDY OBJECTIVES      28

1.2         MARKET DEFINITION   28

1.2.1      INCLUSIONS AND EXCLUSIONS 29

1.3         MARKET SCOPE             30

1.3.1      MARKET SEGMENTATION         30

1.3.2      YEARS CONSIDERED     31

1.4         CURRENCY CONSIDERED          31

1.5         STAKEHOLDERS            32

1.6         SUMMARY OF CHANGES            32

2            RESEARCH METHODOLOGY     34

2.1         RESEARCH APPROACH 34

2.1.1      SECONDARY DATA       35

2.1.2      PRIMARY DATA 36

2.1.2.1   Breakdown of primary interviews     37

2.1.2.2   Key industry insights          37

2.2         MARKET SIZE ESTIMATION       38

2.2.1      TOP-DOWN APPROACH             39

2.2.2      BOTTOM-UP APPROACH           39

2.2.3      MARKET ESTIMATION APPROACHES    41

2.3         DATA TRIANGULATION             43

2.4         MARKET FORECAST      44

2.5         RESEARCH ASSUMPTIONS         45

2.6         RESEARCH LIMITATIONS           47

3            EXECUTIVE SUMMARY 48

4            PREMIUM INSIGHTS      52

4.1         OVERVIEW OF API MANAGEMENT MARKET      52

4.2         API MANAGEMENT MARKET, BY OFFERING       53

4.3         API MANAGEMENT PLATFORMS MARKET, BY TYPE       53

4.4         API MANAGEMENT SERVICES MARKET, BY TYPE            54

4.5         API MANAGEMENT MARKET, BY DEPLOYMENT TYPE   54

4.6         API MANAGEMENT MARKET, BY ORGANIZATION SIZE  55

4.7         API MANAGEMENT MARKET, BY VERTICAL       55

4.8         API MANAGEMENT MARKET: REGIONAL SCENARIO      56

5            MARKET OVERVIEW AND INDUSTRY TRENDS   57

5.1         INTRODUCTION            57

5.2         MARKET DYNAMICS     57

5.2.1      DRIVERS            58

5.2.1.1   Abundant access to Internet across platforms and devices          58

5.2.1.2   Streamlining microservices through effective API management 58

5.2.1.3   Surge in multicloud adoption           58

5.2.1.4   Demand for web and mobile applications across diverse platforms           58

5.2.2      RESTRAINTS     59

5.2.2.1   Complexity in implementation         59

5.2.3      OPPORTUNITIES           59

5.2.3.1   Focus on integrating APIs with emerging technologies 59

5.2.3.2   Rise in third-party and partner-facing APIs, facilitating greater digital integration and innovation     59

5.2.3.3   Emphasis on low-code API development platforms      60

5.2.4      CHALLENGES   60

5.2.4.1   Lack of skilled workforce and inadequate management practices 60

5.2.4.2   Security issues and lack of awareness             60

5.3         CASE STUDY ANALYSIS 60

5.3.1      CISCO MERAKI CAPTURES USD 5 BILLION IN SALES THROUGH

92% LEAD ROUTING ACCURACY            61

5.3.2      PRODUCTIZING API EXPERIENCE WITH SEAMLESS ONBOARDING              61

5.3.3      NATIONAL EXPRESS DRIVES INTO FUTURE WITH WEBMETHODS.IO INTEGRATION IN CLOUD          62

5.3.4      JAZZ POWERS NEXT GENERATION 4G DIGITAL EXPERIENCES

WITH WSO2 API MANAGER        62

5.3.5      COMMERZBANK MEETS CUSTOMER EXPECTATIONS FOR

PERSONALIZED, ALWAYS-ON BANKING             63

5.4         ECOSYSTEM ANALYSIS 64

5.5         SUPPLY CHAIN ANALYSIS          65

5.6         PRICING ANALYSIS        67

5.6.1      AVERAGE PRICING ANALYSIS FOR KEY PLAYERS, BY SOLUTION              68

5.6.2      AVERAGE PRICING ANALYSIS FOR KEY PLAYERS, BY REGION    69

5.7         PATENT ANALYSIS        71

5.7.1      LIST OF MAJOR PATENTS          72

5.8         TECHNOLOGY ANALYSIS           74

5.8.1      KEY TECHNOLOGIES    74

5.8.1.1   Security solutions 74

5.8.1.2   Microservices architecture 74

5.8.2      COMPLEMENTARY TECHNOLOGIES     75

5.8.2.1   Blockchain           75

5.8.2.2   SIMEN  75

5.8.3      ADJACENT TECHNOLOGIES      75

5.8.3.1   AI/ML   75

5.8.3.2   Low-code/No-code           76

5.8.3.3   IoT        76

5.9         REGULATORY LANDSCAPE       76

5.9.1      REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

5.9.2      REGULATIONS, BY REGION       79

5.9.2.1   North America     79

5.9.2.2   Europe  80

5.9.2.3   Asia Pacific          81

5.9.2.4   Middle East & South Africa              81

5.9.2.5   Latin America      82

5.9.3      REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS      82

5.9.3.1   General Data Protection Regulation 82

5.9.3.2   SEC Rule 17a-4   82

5.9.3.3   ISO/IEC 27001   82

5.9.3.4   System and Organization Controls 2 Type II Compliance          82

5.9.3.5   Financial Industry Regulatory Authority        83

5.9.3.6   Freedom of Information Act             83

5.9.3.7   Health Insurance Portability and Accountability Act    83

5.10       PORTER’S FIVE FORCES ANALYSIS         83

5.10.1    THREAT OF NEW ENTRANTS    84

5.10.2    THREAT OF SUBSTITUTES         85

5.10.3    BARGAINING POWER OF SUPPLIERS     85

5.10.4    BARGAINING POWER OF BUYERS           85

5.10.5    INTENSITY OF COMPETITIVE RIVALRY 86

5.11       KEY CONFERENCES AND EVENTS, 2024–2025     86

5.12       TRENDS/DISRUPTIONS IMPACTING BUYERS    87

5.13       KEY STAKEHOLDERS IN BUYING PROCESS         88

5.14       BUYING CRITERIA         89

5.15       BUSINESS MODEL ANALYSIS     90

5.15.1    SUBSCRIPTION-BASED MODEL 90

5.15.2    PAY-AS-YOU-GO            90

5.15.3    FEATURE-BASED MODEL           90

5.15.4    FREEMIUM MODEL       90

5.15.5    DEVELOPER ECOSYSTEM MODEL          91

5.15.6    ENTERPRISE LICENSING MODEL           91

5.16       INVESTMENT & FUNDING SCENARIO    91

5.17       FUTURE OF API MANAGEMENT 92

5.18       IMPACT OF AI/GENERATIVE AI IN API MANAGEMENT MARKET 92

5.18.1    INDUSTRY TRENDS: USE CASE  93

5.18.1.1 BMW Group developed GenAI assistant to accelerate

infrastructure optimization on AWS 93

5.18.2    TOP CLIENTS ADAPTING TO GEN AI     94

5.18.2.1 Microsoft             94

5.18.2.2 MuleSoft             94

6            API MANAGEMENT MARKET, BY OFFERING       95

6.1         INTRODUCTION            96

6.1.1      OFFERING: API MANAGEMENT MARKET DRIVERS          96

6.2         PLATFORMS     97

6.2.1      NEED FOR CENTRALIZED CONTROL, CONSISTENT GOVERNANCE,

SECURITY, AND PERFORMANCE ACROSS ALL APIS         97

6.3         SERVICES          98

6.3.1      GROWTH IN ADOPTION OF API MANAGEMENT SERVICES TO ENSURE

APIS ARE SECURE, SCALABLE, AND PERFORMANT         98

6.3.2      INTEGRATION & IMPLEMENTATION    100

6.3.3      CONSULTING   101

6.3.4      SUPPORT & MAINTENANCE      102

6.3.5      TRAINING & EDUCATION          103

7            API MANAGEMENT MARKET, BY PLATFORM     105

7.1         INTRODUCTION            106

7.1.1      PLATFORM: API MANAGEMENT MARKET DRIVERS        106

7.2         API GATEWAYS 108

7.2.1      DEMAND FOR EFFICIENT LOAD BALANCING ACROSS MULTIPLE SERVERS            108

7.2.2      TRAFFIC MANAGEMENT            109

7.2.3      LOAD BALANCING        109

7.2.4      REQUEST & RESPONSE TRANSFORMATION       109

7.2.5      RATE LIMITING & QUOTAS       109

7.3         API LIFECYCLE MANAGEMENT 110

7.3.1      DEMAND FOR COMPREHENSIVE API MANAGEMENT—FROM STRATEGIC PLANNING TO ONGOING MAINTENANCE  110

7.3.2      API DESIGN & DEVELOPMENT TOOLS  111

7.3.3      API TESTING & MOCKING          111

7.3.4      VERSION CONTROL & GOVERNANCE    112

7.3.5      API RETIREMENT & DEPRECATION       112

7.4         API ANALYTICS & MONITORING             112

7.4.1      PROVISION OF REAL-TIME VISIBILITY INTO OPERATIONAL STATUS OF APIS              112

7.4.2      REAL-TIME API MONITORING  113

7.4.3      API USAGE ANALYTICS 114

7.4.4      PERFORMANCE METRICS          114

7.4.5      ALERTS & NOTIFICATIONS        114

7.5         API SECURITY   115

7.5.1      HEIGHTENED FOCUS ON PREVENTING DATA BREACHES AND

ENSURING REGULATORY COMPLIANCE OF APIS            115

7.5.2      AUTHENTICATION & AUTHORIZATION             116

7.5.3      THREAT DETECTION   116

7.5.4      DATA ENCRYPTION & COMPLIANCE     116

7.6         API DEVELOPER PORTAL          117

7.6.1      ENHANCING DEVELOPER EFFICIENCY AND API INTEGRATION WITH ADVANCED API DEVELOPER PORTALS 117

7.6.2      API DOCUMENTATION 118

7.6.3      INTERACTIVE API EXPLORERS  118

7.6.4      API TESTING SANDBOX 118

7.7         OTHER PLATFORMS     119

8            API MANAGEMENT MARKET, BY DEPLOYMENT TYPE   120

8.1         INTRODUCTION            121

8.1.1      DEPLOYMENT TYPE: API MANAGEMENT MARKET DRIVERS      121

8.2         ON-PREMISES   122

8.2.1      DEMAND FOR HIGH LEVEL OF DATA SOVEREIGNTY AND CONTROL              122

8.3         CLOUD 123

8.3.1      RISE IN FOCUS ON SCALABLE PLATFORMS FOR MANAGING COMPLEX AND EXTENSIVE IT INFRASTRUCTURE 123

9            API MANAGEMENT MARKET, BY ORGANIZATION SIZE  125

9.1         INTRODUCTION            126

9.1.1      ORGANIZATION SIZE: API MANAGEMENT MARKET DRIVERS     126

9.2         LARGE ENTERPRISES    127

9.2.1      DEPLOYING SCALABLE AND SECURE API MANAGEMENT SOLUTIONS FOR COMPLEX ENTERPRISE ENVIRONMENTS   127

9.3         MEDIUM-SIZED ENTERPRISES  128

9.3.1      OPTIMIZING API MANAGEMENT FOR EFFICIENCY AND GROWTH IN

MEDIUM-SIZED ENTERPRISES  128

9.4         STARTUPS & SMALL BUSINESSES           129

9.4.1      IMPLEMENTING COST-EFFECTIVE AND SCALABLE API MANAGEMENT SOLUTIONS FOR SMALL-SIZED ENTERPRISES   129

10          API MANAGEMENT MARKET, BY VERTICAL       131

10.1       INTRODUCTION            132

10.1.1    VERTICAL: API MANAGEMENT MARKET DRIVERS          132

10.2       FINANCIAL SERVICES   134

10.2.1    ELEVATING API PLATFORMS’ EFFICIENCY AND COMPLIANCE

THROUGH ADVANCED API MANAGEMENT       134

10.2.2    FINANCIAL SERVICES: USE CASES          135

10.2.2.1 Customer onboarding & KYC          135

10.2.2.2 Payment processing           135

10.2.2.3 Account management        135

10.2.2.4 Financial data integration  136

10.2.2.5 Other use cases    136

10.3       RETAIL & ECOMMERCE 136

10.3.1    GROWTH IN FOCUS ON OMNICHANNEL RETAILING AND

SECURE PAYMENT PROCESSING            136

10.3.2    RETAIL & E-COMMERCE: USE CASES     137

10.3.2.1 Omnichannel customer experience  137

10.3.2.2 Personalization and recommendation engines              138

10.3.2.3 inventory management & supply chain integration       138

10.3.2.4 eCommerce integration     138

10.4       TELECOMMUNICATIONS          139

10.4.1    ENHANCING TELECOM SERVICE OFFERINGS WITH INTEGRATION OF

IOT AND 5G SERVICES  139

10.4.2    TELECOMMUNICATIONS: USE CASES   140

10.4.2.1 Customer experience enhancement 140

10.4.2.2 Network management & optimization            140

10.4.2.3 Billing & payment integration          141

10.5       IT & ITES            141

10.5.1    RISE IN FOCUS ON AUTOMATING ROUTINE TASKS AND INTEGRATING

THIRD-PARTY APPLICATIONS  141

10.5.2    IT & ITES: USE CASES    142

10.5.2.1 Microservice architecture  142

10.5.2.2 Data sharing & monetization           142

10.5.2.3 Digital transformation & automation             143

10.6       TRAVEL & TRANSPORTATION  143

10.6.1    DEMAND FOR ENHANCING UNIFIED TRAVEL EXPERIENCES AND

REAL-TIME OPERATIONAL OPTIMIZATION       143

10.6.2    TRAVEL & TRANSPORTATION: USE CASES         144

10.6.2.1 Booking & reservations      144

10.6.2.2 Real-time tracking             144

10.6.2.3 Customer personalization  145

10.6.2.4 Payment processing           145

10.6.2.5 Other use cases    145

10.7       HEALTHCARE & LIFE SCIENCES 146

10.7.1    OFFERING SEAMLESS AGGREGATION AND EXCHANGE OF CRITICAL

PATIENT INFORMATION ACROSS EHRS 146

10.7.2    HEALTHCARE & LIFE SCIENCES: USE CASES       147

10.7.2.1 Electronic health record (EHR) integration   147

10.7.2.2 Patient data management  147

10.7.2.3 Telemedicine & remote management             148

10.7.2.4 Clinical trial & research data            148

10.7.2.5 Healthcare analysis & insights          148

10.8       MEDIA & ENTERTAINMENT      149

10.8.1    CONSISTENT USER EXPERIENCE ACROSS VARIOUS DEVICES     149

10.8.2    MEDIA & ENTERTAINMENT: USE CASES             150

10.8.2.1 Content distribution & streaming     150

10.8.2.2 Content personalization    150

10.8.2.3 Digital rights management (DRM)  151

10.8.2.4 Advertising & monetization             151

10.9       GOVERNMENT 151

10.9.1    STREAMLINED ACCESS FOR CITIZENS ACROSS ALL GOVERNMENT

DIGITAL SERVICES        151

10.9.2    GOVERNMENT: USE CASES        152

10.9.2.1 Citizen services & portals   152

10.9.2.2 Data integration & sharing 153

10.9.2.3 eGovernment transactions 153

10.9.2.4 Public safety & emergency services  153

10.10     MANUFACTURING        154

10.10.1  OPTIMIZING IOT INTEGRATION WITH ERP AND MES THROUGH ADVANCED

API MANAGEMENT IN MANUFACTURING          154

10.10.2  MANUFACTURING: USE CASES 155

10.10.2.1             Supply chain integration    155

10.10.2.2             Industrial Internet of Things (IIoT) 155

10.10.2.3             Manufacturing execution systems (MES)       156

10.10.3  PREDICTIVE MAINTENANCE     156

10.10.4  PRODUCT LIFECYCLE MANAGEMENT (PLM)    156

10.11     OTHER VERTICALS       157

11          API MANAGEMENT MARKET, BY REGION           159

11.1       INTRODUCTION            160

11.1.1    NORTH AMERICA          161

11.1.2    NORTH AMERICA: API MANAGEMENT MARKET DRIVERS           161

11.1.3    NORTH AMERICA: MACROECONOMIC OUTLOOK          162

11.1.4    US         167

11.1.4.1 Surge in AI-driven innovation with presence of global leader     167

11.1.5    CANADA            168

11.1.5.1 Investment in digital transformation and cloud data center locations        168

11.2       EUROPE             168

11.2.1    EUROPE: API MANAGEMENT MARKET DRIVERS             169

11.2.2    EUROPE: MACROECONOMIC OUTLOOK            169

11.2.3    UK         174

11.2.3.1 Need for organizations to navigate complexities of managing on-premise and cloud computing environment         174

11.2.4    GERMANY         174

11.2.4.1 Significant presence of SMEs and introduction of stringent regulations for effective compliance management   174

11.2.5    FRANCE             175

11.2.5.1 Heavy investments in cloud infrastructure and AI by tech giants, despite economic challenges            175

11.2.6    ITALY   176

11.2.6.1 EU-endorsed Next Generation Cloud Infrastructure and

Services project involving Italian firms           176

11.2.7    REST OF EUROPE           177

11.3       ASIA PACIFIC    178

11.3.1    ASIA PACIFIC: API MANAGEMENT MARKET DRIVERS     178

11.3.2    ASIA PACIFIC: MACROECONOMIC OUTLOOK    179

11.3.3    CHINA  184

11.3.3.1 Rise of smart cities and extensive, complex applications across mobile and web platforms             184

11.3.4    JAPAN  185

11.3.4.1 Advanced technological landscape, high R&D expenditure, and establishment of digital frameworks             185

11.3.5    AUSTRALIA & NEW ZEALAND   186

11.3.5.1 Focus on integrating API management platforms with

existing cloud infrastructure             186

11.3.6    REST OF ASIA PACIFIC  187

11.4       MIDDLE EAST & AFRICA             187

11.4.1    MIDDLE EAST & AFRICA: API MANAGEMENT MARKET DRIVERS 188

11.4.2    MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK            188

11.4.3    GULF COOPERATION COUNCIL             193

11.4.3.1 Governments promoting broader adoption of

industrial 4.0 alongside APIs            193

11.4.3.2 Kingdom of Saudi Arabia   193

11.4.3.3 United Arab Emirates        193

11.4.3.4 Other Gulf Cooperation Council Countries   194

11.4.4    SOUTH AFRICA 194

11.4.4.1 Surge in new IT infrastructure         194

11.4.5    REST OF MIDDLE EAST & AFRICA           195

11.5       LATIN AMERICA             196

11.5.1    LATIN AMERICA: API MANAGEMENT MARKET DRIVERS             196

11.5.2    LATIN AMERICA: MACROECONOMIC OUTLOOK            197

11.5.3    BRAZIL 201

11.5.3.1 Thriving IT industry and extensive renewable energy sector with sustainable foundation for data-driven technologies         201

11.5.4    MEXICO             202

11.5.4.1 Growing focus on improving cybersecurity and new smart city projects    202

11.5.5    REST OF LATIN AMERICA          202

12          COMPETITIVE LANDSCAPE       204

12.1       OVERVIEW        204

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          204

12.3       REVENUE ANALYSIS      206

12.4       MARKET SHARE ANALYSIS         207

12.5       BRAND/PRODUCT COMPARISON          210

12.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   211

12.6.1    STARS  211

12.6.2    EMERGING LEADERS    211

12.6.3    PERVASIVE PLAYERS     212

12.6.4    PARTICIPANTS 212

12.6.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      213

12.6.5.1 Company footprint            213

12.6.5.2 Offering footprint 213

12.6.5.3 Solution footprint 214

12.6.5.4 Vertical footprint 214

12.6.5.5 Region footprint  215

12.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          215

12.7.1    PROGRESSIVE COMPANIES       216

12.7.2    RESPONSIVE COMPANIES          216

12.7.3    DYNAMIC COMPANIES 216

12.7.4    STARTING BLOCKS       216

12.7.5    COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023     218

12.7.5.1 Detailed list of key startups/SMEs   218

12.7.5.2 Competitive benchmarking of key startups/SMEs        219

12.8       COMPANY VALUATION AND FINANCIAL METRICS        220

12.9       COMPETITIVE SCENARIO AND TRENDS             222

12.9.1    PRODUCT LAUNCHES & ENHANCEMENTS         222

12.9.2    DEALS  227

13          COMPANY PROFILES    231

13.1       INTRODUCTION            231

13.2       KEY PLAYERS   231

13.2.1    GOOGLE           231

13.2.1.1 Business overview 231

13.2.1.2 Products/Solutions/Services offered 233

13.2.1.3 Recent developments         234

13.2.1.3.1            Product launches & enhancements   234

13.2.1.3.2            Deals     236

13.2.1.4 MnM view           237

13.2.1.4.1            Right to win         237

13.2.1.4.2            Strategic choices  238

13.2.1.4.3            Weaknesses & competitive threats   238

13.2.2    IBM       239

13.2.2.1 Business overview 239

13.2.2.2 Products/Solutions/Services offered 241

13.2.2.3 Recent developments         241

13.2.2.3.1            Product launches & enhancements   241

13.2.2.4 MnM view           242

13.2.2.4.1            Right to win         242

13.2.2.4.2            Strategic choices  242

13.2.2.4.3            Weaknesses and competitive threats 242

13.2.3    AWS      243

13.2.3.1 Business overview 243

13.2.3.2 Products/Solutions/Services offered 244

13.2.3.3 Recent developments         244

13.2.3.3.1            Product launches & enhancements   244

13.2.3.3.2            Expansions          245

13.2.3.4 MnM view           245

13.2.3.4.1            Right to win         245

13.2.3.4.2            Strategic choices  245

13.2.3.4.3            Weaknesses & competitive threats   246

13.2.4    MICROSOFT      247

13.2.4.1 Business overview 247

13.2.4.2 Products/Solutions/Services offered 248

13.2.4.3 Recent developments         249

13.2.4.3.1            Product launches & enhancements   249

13.2.4.3.2            Deals     251

13.2.4.4 MnM view           252

13.2.4.4.1            Right to win         252

13.2.4.4.2            Strategic choices  252

13.2.4.4.3            Weaknesses and competitive threats 252

13.2.5    MULESOFT       253

13.2.5.1 Business overview 253

13.2.5.2 Products/Solutions/Services offered 253

13.2.5.3 Recent developments         254

13.2.5.3.1            Product launches & enhancements   254

13.2.5.3.2            Deals     255

13.2.5.4 MnM view           256

13.2.5.4.1            Right to win         256

13.2.5.4.2            Strategic choices  256

13.2.5.4.3            Weaknesses and competitive threats 256

13.2.6    AXWAY 257

13.2.6.1 Business overview 257

13.2.6.2 Products/Solutions/Services offered 258

13.2.6.3 Recent developments         259

13.2.6.3.1            Product launches & enhancements   259

13.2.6.3.2            Deals     259

13.2.7    SOFTWARE AG 261

13.2.7.1 Business overview 261

13.2.7.2 Products/Solutions/Services offered 262

13.2.7.3 Recent developments         263

13.2.7.3.1            Product launches 263

13.2.7.3.2            Deals     264

13.2.8    WSO2   265

13.2.8.1 Business overview 265

13.2.8.2 Products/Solutions/Services offered 265

13.2.8.3 Recent developments         266

13.2.8.3.1            Product launches & enhancements   266

13.2.8.3.2            Deals     267

13.2.9    BROADCOM      269

13.2.9.1 Business overview 269

13.2.9.2 Products/Solutions/Services offered 271

13.2.9.3 Recent developments         272

13.2.9.3.1            Deals     272

13.2.10  TIBCO SOFTWARE         273

13.2.10.1             Business overview 273

13.2.10.2             Products/Solutions/Services offered 273

13.2.10.3             Recent developments         274

13.2.10.3.1          Product launches & enhancements   274

13.2.11  AKAMAI TECHNOLOGIES          275

13.2.12  ORACLE             276

13.2.13  RED HAT           277

13.2.14  SAP       278

13.2.15  TORRY HARRIS BUSINESS SOLUTIONS  279

13.2.16  SENSEDIA          279

13.2.17  POSTMAN         280

13.2.18  WORKATO        280

13.2.19  BOOMI 281

13.2.20  KONG   281

13.2.21  TRAY.IO             282

13.3       STARTUPS/SMES           282

13.3.1    TYK TECHNOLOGIES    282

13.3.2    OPENLEGACY  283

13.3.3    TEEJLAB            283

13.3.4    NEVATECH       284

13.3.5    PRESTOAPI       284

13.3.6    STOPLIGHT      285

13.3.7    GRAVITEE.IO    285

13.3.8    DREAMFACTORY           286

13.3.9    KRAKEND          286

14          ADJACENT/RELATED MARKETS             287

14.1       INTRODUCTION            287

14.1.1    RELATED MARKET        287

14.1.2    LIMITATIONS   287

14.2       APPLICATION PROGRAMMING INTERFACE (API) SECURITY MARKET              287

14.3       COMPOSABLE APPLICATIONS MARKET             289

15          APPENDIX         291

15.1       DISCUSSION GUIDE      291

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             295

15.3       CUSTOMIZATION OPTIONS      297

15.4       RELATED REPORTS       297

15.5       AUTHOR DETAILS         298

LIST OF TABLES

TABLE 1             USD EXCHANGE RATES, 2019–2023         32

TABLE 2             FACTOR ANALYSIS        44

TABLE 3             API MANAGEMENT MARKET SIZE AND GROWTH, 2019–2023

(USD MILLION AND YOY GROWTH)      49

TABLE 4             API MANAGEMENT MARKET SIZE AND GROWTH, 2024–2029

(USD MILLION AND YOY GROWTH)      49

TABLE 5             API MANAGEMENT MARKET: ECOSYSTEM         64

TABLE 6             AVERAGE PRICING ANALYSIS FOR KEY PLAYERS ACROSS

VARIOUS MODELS, BY SOLUTION          68

TABLE 7             AVERAGE PRICING ANALYSIS FOR KEY PLAYERS ACROSS

VARIOUS MODELS, BY REGION 69

TABLE 8             LIST OF MAJOR PATENTS          72

TABLE 9             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

TABLE 10           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

TABLE 11           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 78

TABLE 12           REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 78

TABLE 13           IMPACT OF PORTER’S FIVE FORCES ON API MANAGEMENT MARKET            83

TABLE 14           API MANAGEMENT MARKET: KEY CONFERENCES AND EVENTS IN 2024–2025     86

TABLE 15           INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP VERTICALS       88

TABLE 16           KEY BUYING CRITERIA FOR TOP VERTICALS     89

TABLE 17           API MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION)          97

TABLE 18           API MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION)          97

TABLE 19           API MANAGEMENT PLATFORMS MARKET, BY REGION, 2019–2023 (USD MILLION)     98

TABLE 20           API MANAGEMENT PLATFORMS MARKET, BY REGION, 2024–2029 (USD MILLION)     98

TABLE 21           API MANAGEMENT SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 99

TABLE 22           API MANAGEMENT SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 99

TABLE 23           API MANAGEMENT SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION) 100

TABLE 24           API MANAGEMENT SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION) 100

TABLE 25           API MANAGEMENT INTEGRATION & IMPLEMENTATION SERVICES MARKET,

BY REGION, 2019–2023 (USD MILLION)  101

TABLE 26           API MANAGEMENT INTEGRATION & IMPLEMENTATION SERVICES MARKET,

BY REGION, 2024–2029 (USD MILLION)  101

TABLE 27           API MANAGEMENT CONSULTING SERVICES MARKET, BY REGION,

2019–2023 (USD MILLION)          102

TABLE 28           API MANAGEMENT CONSULTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)          102

TABLE 29           API MANAGEMENT SUPPORT & MAINTENANCE SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION)            103

TABLE 30           API MANAGEMENT SUPPORT & MAINTENANCE SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)            103

TABLE 31           API MANAGEMENT TRAINING & EDUCATION SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION)            104

TABLE 32           API MANAGEMENT TRAINING & EDUCATION SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)            104

TABLE 33           API MANAGEMENT PLATFORMS MARKET, BY TYPE, 2019–2023 (USD MILLION) 107

TABLE 34           API MANAGEMENT PLATFORMS MARKET, BY TYPE, 2024–2029 (USD MILLION) 107

TABLE 35           API GATEWAY PLATFORMS MARKET, BY REGION, 2019–2023 (USD MILLION) 108

TABLE 36           API GATEWAY PLATFORMS MARKET, BY REGION, 2024–2029 (USD MILLION) 108

TABLE 37           API LIFECYCLE MANAGEMENT PLATFORMS MARKET, BY REGION,

2019–2023 (USD MILLION)          110

TABLE 38           API LIFECYCLE MANAGEMENT PLATFORMS MARKET, BY REGION,

2024–2029 (USD MILLION)          111

TABLE 39           API ANALYTICS & MONITORING PLATFORMS MARKET, BY REGION,

2019–2023 (USD MILLION)          113

TABLE 40           API ANALYTICS & MONITORING PLATFORMS MARKET, BY REGION,

2024–2029 (USD MILLION)          113

TABLE 41           API SECURITY PLATFORMS MARKET, BY REGION, 2019–2023 (USD MILLION) 115

TABLE 42           API SECURITY PLATFORMS MARKET, BY REGION, 2024–2029 (USD MILLION) 115

TABLE 43           API DEVELOPER PORTAL PLATFORMS MARKET, BY REGION,

2019–2023 (USD MILLION)          117

TABLE 44           API DEVELOPER PORTAL PLATFORMS MARKET, BY REGION,

2024–2029 (USD MILLION)          117

TABLE 45           OTHER API MANAGEMENT PLATFORMS MARKET, BY REGION,

2019–2023 (USD MILLION)          119

TABLE 46           OTHER API MANAGEMENT PLATFORMS MARKET, BY REGION,

2024–2029 (USD MILLION)          119

TABLE 47           API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)     121

TABLE 48           API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)     122

TABLE 49           ON-PREMISE API MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)     122

TABLE 50           ON-PREMISE API MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)     123

TABLE 51           CLOUD-BASED API MANAGEMENT MARKET, BY REGION,

2019–2023 (USD MILLION)          123

TABLE 52           CLOUD-BASED API MANAGEMENT MARKET, BY REGION,

2024–2029 (USD MILLION)          124

TABLE 53           API MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)     127

TABLE 54           API MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)     127

TABLE 55           API MANAGEMENT MARKET FOR LARGE ENTERPRISES, BY REGION,

2019–2023 (USD MILLION)          128

TABLE 56           API MANAGEMENT MARKET FOR LARGE ENTERPRISES, BY REGION,

2024–2029 (USD MILLION)          128

TABLE 57           API MANAGEMENT MARKET FOR MEDIUM-SIZED ENTERPRISES, BY REGION, 2019–2023 (USD MILLION)    129

TABLE 58           API MANAGEMENT MARKET FOR MEDIUM-SIZED ENTERPRISES, BY REGION, 2024–2029 (USD MILLION)    129

TABLE 59           API MANAGEMENT MARKET FOR STARTUPS & SMALL BUSINESSES, BY REGION, 2019–2023 (USD MILLION)      130

TABLE 60           API MANAGEMENT MARKET FOR STARTUPS & SMALL BUSINESSES, BY REGION, 2024–2029 (USD MILLION)      130

TABLE 61           API MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION)          133

TABLE 62           API MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          133

TABLE 63           API MANAGEMENT MARKET IN FINANCIAL SERVICES, BY REGION,

2019–2023 (USD MILLION)          134

TABLE 64           API MANAGEMENT MARKET IN FINANCIAL SERVICES, BY REGION,

2024–2029 (USD MILLION)          134

TABLE 65           API MANAGEMENT MARKET IN RETAIL & ECOMMERCE, BY REGION,

2019–2023 (USD MILLION)          137

TABLE 66           API MANAGEMENT MARKET IN RETAIL & ECOMMERCE, BY REGION,

2024–2029 (USD MILLION)          137

TABLE 67           API MANAGEMENT MARKET IN TELECOMMUNICATIONS, BY REGION,

2019–2023 (USD MILLION)          139

TABLE 68           API MANAGEMENT MARKET IN TELECOMMUNICATIONS, BY REGION,

2024–2029 (USD MILLION)          140

TABLE 69           API MANAGEMENT MARKET IN IT & ITES, BY REGION, 2019–2023 (USD MILLION)     141

TABLE 70           API MANAGEMENT MARKET IN IT & ITES, BY REGION, 2024–2029 (USD MILLION)     142

TABLE 71           API MANAGEMENT MARKET IN TRAVEL & TRANSPORTATION, BY REGION,

2019–2023 (USD MILLION)          143

TABLE 72           API MANAGEMENT MARKET IN TRAVEL & TRANSPORTATION, BY REGION,

2024–2029 (USD MILLION)          144

TABLE 73          API MANAGEMENT MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION,

2019–2023 (USD MILLION)          146

TABLE 74          API MANAGEMENT MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION,

2024–2029 (USD MILLION)          147

TABLE 75           API MANAGEMENT MARKET IN MEDIA & ENTERTAINMENT, BY REGION,

2019–2023 (USD MILLION)          149

TABLE 76           API MANAGEMENT MARKET IN MEDIA & ENTERTAINMENT, BY REGION,

2024–2029 (USD MILLION)          150

TABLE 77           API MANAGEMENT MARKET IN GOVERNMENT, BY REGION,

2019–2023 (USD MILLION)          152

TABLE 78           API MANAGEMENT MARKET IN GOVERNMENT, BY REGION,

2024–2029 (USD MILLION)          152

TABLE 79          API MANAGEMENT MARKET IN MANUFACTURING, BY REGION,

2019–2023 (USD MILLION)          154

TABLE 80          API MANAGEMENT MARKET IN MANUFACTURING, BY REGION,

2024–2029 (USD MILLION)          155

TABLE 81           API MANAGEMENT MARKET IN OTHER VERTICALS, BY REGION,

2019–2023 (USD MILLION)          157

TABLE 82           API MANAGEMENT MARKET IN OTHER VERTICALS, BY REGION,

2024–2029 (USD MILLION)          158

TABLE 83           API MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)          160

TABLE 84           API MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)          161

TABLE 85           NORTH AMERICA: API MANAGEMENT MARKET, BY OFFERING,

2019–2023 (USD MILLION)          163

TABLE 86           NORTH AMERICA: API MANAGEMENT MARKET, BY OFFERING,

2024–2029 (USD MILLION)          163

TABLE 87          NORTH AMERICA: API MANAGEMENT MARKET, BY PLATFORM,

2019–2023 (USD MILLION)          163

TABLE 88          NORTH AMERICA: API MANAGEMENT MARKET, BY PLATFORM,

2024–2029 (USD MILLION)          164

TABLE 89           NORTH AMERICA: API MANAGEMENT SERVICES MARKET, BY TYPE,

2019–2023 (USD MILLION)          164

TABLE 90           NORTH AMERICA: API MANAGEMENT SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          164

TABLE 91           NORTH AMERICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          165

TABLE 92           NORTH AMERICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          165

TABLE 93           NORTH AMERICA: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)          165

TABLE 94           NORTH AMERICA: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2024–2029 (USD MILLION)          165

TABLE 95           NORTH AMERICA: API MANAGEMENT MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          166

TABLE 96           NORTH AMERICA: API MANAGEMENT MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          166

TABLE 97           NORTH AMERICA: API MANAGEMENT MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          166

TABLE 98           NORTH AMERICA: API MANAGEMENT MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          167

TABLE 99           US: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          167

TABLE 100         US: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          167

TABLE 101         CANADA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          168

TABLE 102         CANADA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          168

TABLE 103         EUROPE: API MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION)     169

TABLE 104         EUROPE: API MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION)     170

TABLE 105         EUROPE: API MANAGEMENT MARKET, BY PLATFORM, 2019–2023 (USD MILLION)     170

TABLE 106         EUROPE: API MANAGEMENT MARKET, BY PLATFORM, 2024–2029 (USD MILLION)     170

TABLE 107         EUROPE: API MANAGEMENT SERVICES MARKET, BY TYPE,

2019–2023 (USD MILLION)          171

TABLE 108         EUROPE: API MANAGEMENT SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          171

TABLE 109        EUROPE: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          171

TABLE 110        EUROPE: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          171

TABLE 111         EUROPE: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)          172

TABLE 112         EUROPE: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2024–2029 (USD MILLION)          172

TABLE 113         EUROPE: API MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION)     172

TABLE 114         EUROPE: API MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     173

TABLE 115         EUROPE: API MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     173

TABLE 116         EUROPE: API MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     173

TABLE 117         UK: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          174

TABLE 118         UK: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          174

TABLE 119         GERMANY: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          175

TABLE 120         GERMANY: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          175

TABLE 121         FRANCE: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          176

TABLE 122         FRANCE: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          176

TABLE 123         ITALY: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          176

TABLE 124         ITALY: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          177

TABLE 125         REST OF EUROPE: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          177

TABLE 126         REST OF EUROPE: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          177

TABLE 127         ASIA PACIFIC: API MANAGEMENT MARKET, BY OFFERING,

2019–2023 (USD MILLION)          180

TABLE 128         ASIA PACIFIC: API MANAGEMENT MARKET, BY OFFERING,

2024–2029 (USD MILLION)          180

TABLE 129         ASIA PACIFIC: API MANAGEMENT MARKET, BY PLATFORM,

2019–2023 (USD MILLION)          180

TABLE 130         ASIA PACIFIC: API MANAGEMENT MARKET, BY PLATFORM,

2024–2029 (USD MILLION)          180

TABLE 131         ASIA PACIFIC: API MANAGEMENT SERVICES MARKET, BY TYPE,

2019–2023 (USD MILLION)          181

TABLE 132         ASIA PACIFIC: API MANAGEMENT SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          181

TABLE 133         ASIA PACIFIC: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          181

TABLE 134         ASIA PACIFIC: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          181

TABLE 135         ASIA PACIFIC: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)          182

TABLE 136         ASIA PACIFIC: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2024–2029 (USD MILLION)          182

TABLE 137         ASIA PACIFIC: API MANAGEMENT MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          182

TABLE 138         ASIA PACIFIC: API MANAGEMENT MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          183

TABLE 139         ASIA PACIFIC: API MANAGEMENT MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          183

TABLE 140         ASIA PACIFIC: API MANAGEMENT MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          183

TABLE 141         CHINA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          184

TABLE 142         CHINA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          184

TABLE 143         JAPAN: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          185

TABLE 144         JAPAN: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          185

TABLE 145         AUSTRALIA & NEW ZEALAND: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION) 186

TABLE 146         AUSTRALIA & NEW ZEALAND: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION) 186

TABLE 147         REST OF ASIA PACIFIC: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          187

TABLE 148         REST OF ASIA PACIFIC: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          187

TABLE 149         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY OFFERING,

2019–2023 (USD MILLION)          188

TABLE 150         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY OFFERING,

2024–2029 (USD MILLION)          189

TABLE 151         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY PLATFORM,

2019–2023 (USD MILLION)          189

TABLE 152         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY PLATFORM,

2024–2029 (USD MILLION)          189

TABLE 153         MIDDLE EAST & AFRICA: API MANAGEMENT SERVICES MARKET, BY TYPE,

2019–2023 (USD MILLION)          190

TABLE 154         MIDDLE EAST & AFRICA: API MANAGEMENT SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          190

TABLE 155         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION) 190

TABLE 156         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION) 190

TABLE 157         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            191

TABLE 158         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            191

TABLE 159         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          191

TABLE 160         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          192

TABLE 161         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY COUNTRY/REGION, 2019–2023 (USD MILLION) 192

TABLE 162         MIDDLE EAST & AFRICA: API MANAGEMENT MARKET, BY COUNTRY/REGION, 2024–2029 (USD MILLION) 192

TABLE 163         GCC: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          194

TABLE 164         GCC: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          194

TABLE 165         SOUTH AFRICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          195

TABLE 166         SOUTH AFRICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          195

TABLE 167         REST OF MIDDLE EAST & AFRICA: API MANAGEMENT MARKET,

BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)        195

TABLE 168         REST OF MIDDLE EAST & AFRICA: API MANAGEMENT MARKET,

BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)        196

TABLE 169         LATIN AMERICA: API MANAGEMENT MARKET, BY OFFERING,

2019–2023 (USD MILLION)          197

TABLE 170         LATIN AMERICA: API MANAGEMENT MARKET, BY OFFERING,

2024–2029 (USD MILLION)          197

TABLE 171         LATIN AMERICA: API MANAGEMENT MARKET, BY PLATFORM,

2019–2023 (USD MILLION)          197

TABLE 172         LATIN AMERICA: API MANAGEMENT MARKET, BY PLATFORM,

2024–2029 (USD MILLION)          198

TABLE 173         LATIN AMERICA: API MANAGEMENT SERVICES MARKET, BY TYPE,

2019–2023 (USD MILLION)          198

TABLE 174         LATIN AMERICA: API MANAGEMENT SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          198

TABLE 175         LATIN AMERICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          199

TABLE 176         LATIN AMERICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          199

TABLE 177         LATIN AMERICA: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)          199

TABLE 178         LATIN AMERICA: API MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2024–2029 (USD MILLION)          199

TABLE 179         LATIN AMERICA: API MANAGEMENT MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          200

TABLE 180         LATIN AMERICA: API MANAGEMENT MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          200

TABLE 181         LATIN AMERICA: API MANAGEMENT MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          200

TABLE 182         LATIN AMERICA: API MANAGEMENT MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          201

TABLE 183         BRAZIL: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          201

TABLE 184         BRAZIL: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          201

TABLE 185         MEXICO: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2019–2023 (USD MILLION)          202

TABLE 186         MEXICO: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2024–2029 (USD MILLION)          202

TABLE 187         REST OF LATIN AMERICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION) 203

TABLE 188         REST OF LATIN AMERICA: API MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION) 203

TABLE 189         OVERVIEW OF STRATEGIES ADOPTED BY KEY API MANAGEMENT

MARKET VENDORS       204

TABLE 190         API MANAGEMENT MARKET: DEGREE OF COMPETITION, 2023              208

TABLE 191         API MANAGEMENT MARKET: OFFERING FOOTPRINT, 2023              213

TABLE 192         API MANAGEMENT MARKET: SOLUTION FOOTPRINT, 2023              214

TABLE 193         API MANAGEMENT MARKET: VERTICAL FOOTPRINT, 2023              214

TABLE 194         API MANAGEMENT MARKET: REGION FOOTPRINT, 2023              215

TABLE 195         API MANAGEMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES, 2023  218

TABLE 196         API MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES, 2023        219

TABLE 197         API MANAGEMENT MARKET: PRODUCT LAUNCHES & ENHANCEMENTS,

APRIL 2021–AUGUST 2024           222

TABLE 198         API MANAGEMENT MARKET: DEALS, APRIL 2021–AUGUST 2024              227

TABLE 199         API MARKET: EXPANSIONS, APRIL 2021–AUGUST 2024   230

TABLE 200         GOOGLE: COMPANY OVERVIEW            232

TABLE 201         GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              233

TABLE 202         GOOGLE: PRODUCT LAUNCHES & ENHANCEMENTS     234

TABLE 203         GOOGLE: DEALS            236

TABLE 204         IBM: COMPANY OVERVIEW       239

TABLE 205         IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED        241

TABLE 206         IBM: PRODUCT LAUNCHES & ENHANCEMENTS 241

TABLE 207         AWS: COMPANY OVERVIEW      243

TABLE 208         AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED       244

TABLE 209         AWS: PRODUCT LAUNCHES & ENHANCEMENTS             244

TABLE 210         AWS: EXPANSIONS         245

TABLE 211         MICROSOFT: COMPANY OVERVIEW      247

TABLE 212         MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              248

TABLE 213         MICROSOFT: PRODUCT LAUNCHES & ENHANCEMENTS              249

TABLE 214         MICROSOFT: DEALS      251

TABLE 215         MULESOFT: COMPANY OVERVIEW        253

TABLE 216         MULESOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              253

TABLE 217         MULESOFT: PRODUCT LAUNCHES & ENHANCEMENTS 254

TABLE 218         MULESOFT: DEALS       255

TABLE 219         AXWAY: COMPANY OVERVIEW 257

TABLE 220         AXWAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED  258

TABLE 221         AXWAY: PRODUCT LAUNCHES & ENHANCEMENTS        259

TABLE 222         AXWAY: DEALS 259

TABLE 223         SOFTWARE AG: COMPANY OVERVIEW  261

TABLE 224         SOFTWARE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED              262

TABLE 225         SOFTWARE AG: PRODUCT LAUNCHES & ENHANCEMENTS              263

TABLE 226         SOFTWARE AG: DEALS 264

TABLE 227         WSO2: COMPANY OVERVIEW    265

TABLE 228         WSO2: PRODUCTS/SOLUTIONS/SERVICES OFFERED     265

TABLE 229         WSO2: PRODUCT LAUNCHES & ENHANCEMENTS          266

TABLE 230         WSO2: DEALS   267

TABLE 231         BROADCOM: COMPANY OVERVIEW      269

TABLE 232         BROADCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED              271

TABLE 233         BROADCOM: DEALS      272

TABLE 234         TIBCO SOFTWARE: COMPANY OVERVIEW         273

TABLE 235         TIBCO SOFTWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          273

TABLE 236         TIBCO SOFTWARE: PRODUCT LAUNCHES & ENHANCEMENTS              274

TABLE 237         APPLICATION PROGRAMMING INTERFACE SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION)        288

TABLE 238         APPLICATION PROGRAMMING INTERFACE SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION)        288

TABLE 239         APPLICATION PROGRAMMING INTERFACE SECURITY MARKET,

BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)      288

TABLE 240         APPLICATION PROGRAMMING INTERFACE SECURITY MARKET,

BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)      288

TABLE 241         COMPOSABLE APPLICATIONS MARKET, BY OFFERING, 2017–2022 (USD MILLION)     289

TABLE 242         COMPOSABLE APPLICATIONS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     289

TABLE 243         COMPOSABLE APPLICATIONS MARKET, BY VERTICAL, 2017–2022 (USD MILLION)     290

TABLE 244         COMPOSABLE APPLICATIONS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)     290

LIST OF FIGURES

FIGURE 1           API MANAGEMENT MARKET SEGMENTATION  30

FIGURE 2           STUDY YEARS CONSIDERED     31

FIGURE 3           API MANAGEMENT MARKET: RESEARCH DESIGN           35

FIGURE 4           BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,

DESIGNATION, AND REGION    37

FIGURE 5           INSIGHTS FROM INDUSTRY EXPERTS   37

FIGURE 6           API MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES   38

FIGURE 7           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       39

FIGURE 8           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       40

FIGURE 9           API MANAGEMENT MARKET: RESEARCH FLOW 40

FIGURE 10         MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS          41

FIGURE 11         MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM

SUPPLY SIDE – COLLECTIVE REVENUE OF VENDORS     41

FIGURE 12         DEMAND-SIDE APPROACH: API MANAGEMENT MARKET SIZING 42

FIGURE 13         API MANAGEMENT MARKET: DATA TRIANGULATION  43

FIGURE 14         GLOBAL API MANAGEMENT MARKET TO WITNESS SIGNIFICANT GROWTH 49

FIGURE 15         FASTEST-GROWING SEGMENTS IN API MANAGEMENT MARKET, 2024–2029       50

FIGURE 16         API MANAGEMENT MARKET: REGIONAL SNAPSHOT     51

FIGURE 17         DEMAND FOR WEB AND MOBILE APPLICATIONS ACROSS DIVERSE PLATFORMS DRIVING API MANAGEMENT MARKET    52

FIGURE 18         API MANAGEMENT PLATFORMS TO ACCOUNT FOR LARGER MARKET SHARE THAN SERVICES DURING FORECAST PERIOD  53

FIGURE 19         API GATEWAYS TO ACCOUNT FOR LARGEST MARKET SHARE AMONG PLATFORMS DURING FORECAST PERIOD         53

FIGURE 20         INTEGRATION & IMPLEMENTATION SERVICES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD      54

FIGURE 21         CLOUD DEPLOYMENT TO ACCOUNT FOR LARGER ADOPTION

DURING FORECAST PERIOD     54

FIGURE 22         LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD    55

FIGURE 23         FINANCIAL SERVICES TO ACCOUNT FOR LARGEST MARKET SHARE AMONG VERTICALS DURING FORECAST PERIOD            55

FIGURE 24         ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS     56

FIGURE 25         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:

API MANAGEMENT MARKET     57

FIGURE 26         API MANAGEMENT MARKET: ECOSYSTEM ANALYSIS    65

FIGURE 27         API MANAGEMENT MARKET: SUPPLY CHAIN    66

FIGURE 28         LIST OF MAJOR PATENTS FOR API MANAGEMENT         71

FIGURE 29         IMPACT OF PORTER’S FIVE FORCES ON API MANAGEMENT MARKET            84

FIGURE 30         API MANAGEMENT MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS     87

FIGURE 31         INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP VERTICALS       88

FIGURE 32         KEY BUYING CRITERIA FOR TOP VERTICALS     89

FIGURE 33         LEADING GLOBAL API MANAGEMENT MARKET VENDORS, BY NUMBER OF INVESTORS AND FUNDING ROUNDS, 2023 91

FIGURE 34         IMPACT OF GENERATIVE AI IN API MANAGEMENT, 2023              92

FIGURE 35         API MANAGEMENT SERVICES TO GROW AT HIGHER CAGR

DURING FORECAST PERIOD     96

FIGURE 36         SUPPORT & MAINTENANCE SERVICES TO GROW AT HIGHEST CAGR

DURING FORECAST PERIOD     99

FIGURE 37         API SECURITY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       107

FIGURE 38         CLOUD DEPLOYMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD       121

FIGURE 39         API MANAGEMENT ADOPTION AMONG SMES TO GROW AT HIGHER CAGR

DURING FORECAST PERIOD     126

FIGURE 40         FINANCIAL SERVICES TO ACCOUNT FOR LARGEST MARKET

DURING FORECAST PERIOD     132

FIGURE 41         NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE BY 2029 160

FIGURE 42         NORTH AMERICA: MARKET SNAPSHOT 162

FIGURE 43         ASIA PACIFIC: REGIONAL SNAPSHOT    179

FIGURE 44         REVENUE ANALYSIS FOR KEY COMPANIES, 2021–2023 (USD MILLION)          206

FIGURE 45         MARKET SHARE ANALYSIS, 2023             207

FIGURE 46         BRAND/PRODUCT COMPARISON          210

FIGURE 47         API MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023    212

FIGURE 48         API MANAGEMENT MARKET: COMPANY FOOTPRINT, 2023              213

FIGURE 49         API MANAGEMENT MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023             217

FIGURE 50         COMPANY VALUATION OF KEY PLAYERS, 2024 (USD BILLION)              220

FIGURE 51         FINANCIAL METRICS, 2024         220

FIGURE 52         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA

OF KEY VENDORS, 2024 221

FIGURE 53         GOOGLE: COMPANY SNAPSHOT            232

FIGURE 54         IBM: COMPANY SNAPSHOT       240

FIGURE 55         AWS: COMPANY SNAPSHOT      243

FIGURE 56         MICROSOFT: COMPANY SNAPSHOT      248

FIGURE 57         AXWAY: COMPANY SNAPSHOT 258

FIGURE 58         SOFTWARE AG: COMPANY SNAPSHOT 262

FIGURE 59         BROADCOM: COMPANY SNAPSHOT      270