The API management market size is expected to reach US$ 35.40 billion by 2031 from US$ 4.29 billion in 2023. The market is estimated to register a CAGR of 30.2% during 2023–2031. The integration of multi-cloud API management would remain a major trend in the market.
API Management Market Analysis
The global API management market is experiencing significant growth in terms of revenues pertaining to an increasing focus on data-driven decision making. The ongoing digital transformation across industries creates a need for businesses to seamlessly integrate their applications, systems, and services.
API Management Market Overview
Application Programming Interfaces (API) is the set of software and processes that facilitate communication between two programs. APIs establish connections between apps and servers, as well as between servers and users. APIs transport vital company information and provide supplementary resources to the global community through online and mobile applications. A full-featured API management platform includes developer portals, design and development, testing, API gateways, analytics and monitoring, policy management, and security and governance. API management platform provides users various benefits such as multilayer security and privacy, easy detection of API anomalies, increased performance and reliability, easy connection to legacy technologies, and the creation of new business channels. The designing, development, testing, deployment, governance, security, monitoring, and monetization of APIs have become an important part of the software development lifecycle (SDLC) and of the technology ecosystem.
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API Management Market: Strategic Insights
Market Size Value in US$ 4.29 billion in 2022 Market Size Value by US$ 35.40 billion by 2030 Growth rate CAGR of 30.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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API Management Market: Strategic Insights
| Market Size Value in | US$ 4.29 billion in 2022 |
| Market Size Value by | US$ 35.40 billion by 2030 |
| Growth rate | CAGR of 30.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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API Management Market Drivers and Opportunities
Increasing Adoption of API Management Across Industries to Favor Market
Application programming interfaces (API) management is a crucial component of digital transformation for businesses. It allows enterprises to define security and access regulations, track the viability of delivering new services, and manage the lifecycle of their APIs. By implementing API management, companies can ensure better communication, as users can interact with each other and provide feedback on services. Owing to this adaptability, APIs are being used by all types of businesses, with traditional sectors such as retail and travel, and technological companies seeing the highest growth in usage. The retail and travel sectors use API management to implement interoperability rules, while financial organizations utilize it to launch open banking programs. As per the Google Cloud’s State of APIs 2020 report, the breakdown of API usage by industry includes retail and travel (34%), technology companies (34%), telecom (10%), media and entertainment (9%), manufacturing (7%), financial (5%), and others (1%). Thus, such instances show the utmost importance of API management in various sectors.
Integration of API with Artificial Intelligence (AI)
Artificial intelligence (AI) can alter the API industry. API systems can become fluid and intelligent with the integration of AI, providing customers with more specialized and relevant information. AI can reduce the human work required for API administration while giving higher degrees of precision by raising security and efficiency to previously unattainable levels. Similarly, AI security solutions improve API security's ability to detect and mitigate large-scale cyberattacks. With its ability to perform dynamic checks on quickly changing data, AI can detect unlawful access to information and prevent the intruder from accessing a large portion of it. These solutions prevent API calls that compromise information, thereby protecting the system.
API Management Market Report Segmentation Analysis
Key segments that contributed to the derivation of the API management market analysis are component, deployment, organization size, and end user.
- Based on component, the API management market is bifurcated into solutions and services. The solutions segment held a significant market share in 2023.
- Based on deployment, the market is segmented into on-premises and cloud. The cloud segment held a larger market share in 2023.
- Based on organization size, the API management market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
- Based on end users, the market is segmented into IT & telecom, BFSI, healthcare, government, manufacturing, and others. The IT & telecom segment held the largest market share in 2023.
API Management Market Share Analysis by Geography
The geographic scope of the API management market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
North America dominated the API management market in 2023. North America is one of the fastest-growing regions in terms of both technological innovations and the adoption of advanced technologies. The region also has a well-established IT & cloud infrastructure. In the past three years, the North American region has witnessed huge adoption of emerging technologies such as artificial intelligence, machine learning, and blockchain across all the major industry verticals. With the increasing penetration of digitization in various industries, API management has become a vital component of business transaction ecosystems, especially in financial institutions and the IT industry. The demand for API management solutions in companies is increasing rapidly. The North American API management market growth is primarily driven by rising demand from industrial sectors such as BFSI, government, and healthcare. API management is a crucial business requirement for successful operations.
API Management Market Report Scope
API Management Market News and Recent Developments
The API management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the API management market are listed below:
- Postman, the world's leading API collaboration company, announced the acquisition of Orbit, the community growth platform for developer companies. Over the past four years, Orbit has helped the leading developer companies grow their communities. It will now integrate its technology and deploy its expertise in support of Postman's vision of empowering 100 million developers through API collaboration. (Source: Postman, Press Release, April 2024)
- WSO2 announced a partnership with TD SYNNEX. The partnership brings WSO2’s industry-leading software for API integration, management, and customer identity and access management (CIAM) to TD SYNNEX’s expansive IT ecosystem across the world. Through their partnership, WSO2 and TD SYNNEX will help mutual customers significantly lower the barriers to delivering new digital services and software-as-a-service (SaaS) offerings that create seamless experiences. (Source: WSO2, Press Release, April 2023)
API Management Market Report Coverage and Deliverables
The “API Management Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- API management market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- API management market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- API management market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the API management market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Organization Size, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The key players holding majority shares in the API management market include Microsoft Corporation, IBM Corporation, Oracle Corporation, Broadcom, and Postman, Inc,
Multi-cloud API management are expected to set the future trend for the API management market in the coming years.
Increasing adoption of API management across industries, growing focus on data-driven decision making, and rising digital transformation are driving factors of API management market.
The API management market is expected to reach US$ 35,401.94 million by 2031.
Solution segment led the API management market with a significant share in 2023 and is expected to grow with the highest CAGR.
The API management market was estimated to be valued at US$ 4,298.86 million in 2023 and is projected to reach US$ 35,401.94 million by 2031; it is expected to grow at a CAGR of 30.2% during the forecast period.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. API Management Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. API Management Market – Key Market Dynamics
5.1 API Management Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Adoption of API Management Across Industries
5.2.2 Growing Focus on Data-Driven Decision Making
5.2.3 Rising Digital Transformation
5.3 Market Restraints
5.3.1 Complexity of API
5.4 Market Opportunities
5.4.1 Integration of API with Artificial Intelligence (AI)
5.5 Future Trends
5.5.1 Multi-Cloud API Management
5.6 Impact of Drivers and Restraints:
6. API Management Market – Global Market Analysis
6.1 API Management Market Revenue (US$ Million), 2021–2031
6.2 API Management Market Forecast Analysis
7. API Management Market Analysis – by Component
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions: API Management Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: API Management Market – Revenue and Forecast to 2031 (US$ Million)
8. API Management Market Analysis – by Deployment
8.1 Cloud
8.1.1 Overview
8.1.2 Cloud: API Management Market – Revenue and Forecast to 2031 (US$ Million)
8.2 On-premises
8.2.1 Overview
8.2.2 On-premises: API Management Market – Revenue and Forecast to 2031 (US$ Million)
9. API Management Market Analysis – by Organization Size
9.1 Large Enterprises
9.1.1 Overview
9.1.2 Large Enterprises: API Management Market – Revenue and Forecast to 2031 (US$ Million)
9.2 SMEs
9.2.1 Overview
9.2.2 SMEs: API Management Market – Revenue and Forecast to 2031 (US$ Million)
10. API Management Market Analysis – by End User
10.1 IT and Telecom
10.1.1 Overview
10.1.2 IT and Telecom: API Management Market – Revenue and Forecast to 2031 (US$ Million)
10.2 BFSI
10.2.1 Overview
10.2.2 BFSI: API Management Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Healthcare
10.3.1 Overview
10.3.2 Healthcare: API Management Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Government
10.4.1 Overview
10.4.2 Government: API Management Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Manufacturing
10.5.1 Overview
10.5.2 Manufacturing: API Management Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11. API Management Market – Geographical Analysis
11.1 Overview
11.2 North America
11.2.1 North America API Management Market Overview
11.2.2 North America: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3 North America: API Management Market Breakdown, by Component
11.2.3.1 North America: API Management Market – Revenue and Forecast Analysis – by Component
11.2.4 North America: API Management Market Breakdown, by Deployment
11.2.4.1 North America: API Management Market – Revenue and Forecast Analysis – by Deployment
11.2.5 North America: API Management Market Breakdown, by Organization Size
11.2.5.1 North America: API Management Market – Revenue and Forecast Analysis – by Organization Size
11.2.6 North America: API Management Market Breakdown, by End User
11.2.6.1 North America: API Management Market – Revenue and Forecast Analysis – by End User
11.2.7 North America: API Management Market – Revenue and Forecast Analysis – by Country
11.2.7.1 North America: API Management Market – Revenue and Forecast Analysis – by Country
11.2.7.2 United States: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.2.7.2.1 United States: API Management Market Breakdown, by Component
11.2.7.2.2 United States: API Management Market Breakdown, by Deployment
11.2.7.2.3 United States: API Management Market Breakdown, by Organization Size
11.2.7.2.4 United States: API Management Market Breakdown, by End User
11.2.7.3 Canada: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.2.7.3.1 Canada: API Management Market Breakdown, by Component
11.2.7.3.2 Canada: API Management Market Breakdown, by Deployment
11.2.7.3.3 Canada: API Management Market Breakdown, by Organization Size
11.2.7.3.4 Canada: API Management Market Breakdown, by End User
11.2.7.4 Mexico: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.2.7.4.1 Mexico: API Management Market Breakdown, by Component
11.2.7.4.2 Mexico: API Management Market Breakdown, by Deployment
11.2.7.4.3 Mexico: API Management Market Breakdown, by Organization Size
11.2.7.4.4 Mexico: API Management Market Breakdown, by End User
11.3 Europe
11.3.1 Europe API Management Market Overview
11.3.2 Europe: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3 Europe: API Management Market Breakdown, by Component
11.3.3.1 Europe: API Management Market – Revenue and Forecast Analysis – by Component
11.3.4 Europe: API Management Market Breakdown, by Deployment
11.3.4.1 Europe: API Management Market – Revenue and Forecast Analysis – by Deployment
11.3.5 Europe: API Management Market Breakdown, by Organization Size
11.3.5.1 Europe: API Management Market – Revenue and Forecast Analysis – by Organization Size
11.3.6 Europe: API Management Market Breakdown, by End User
11.3.6.1 Europe: API Management Market – Revenue and Forecast Analysis – by End User
11.3.7 Europe: API Management Market – Revenue and Forecast Analysis – by Country
11.3.7.1 Europe: API Management Market – Revenue and Forecast Analysis – by Country
11.3.7.2 United Kingdom: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.2.1 United Kingdom: API Management Market Breakdown, by Component
11.3.7.2.2 United Kingdom: API Management Market Breakdown, by Deployment
11.3.7.2.3 United Kingdom: API Management Market Breakdown, by Organization Size
11.3.7.2.4 United Kingdom: API Management Market Breakdown, by End User
11.3.7.3 Germany: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.3.1 Germany: API Management Market Breakdown, by Component
11.3.7.3.2 Germany: API Management Market Breakdown, by Deployment
11.3.7.3.3 Germany: API Management Market Breakdown, by Organization Size
11.3.7.3.4 Germany: API Management Market Breakdown, by End User
11.3.7.4 France: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.4.1 France: API Management Market Breakdown, by Component
11.3.7.4.2 France: API Management Market Breakdown, by Deployment
11.3.7.4.3 France: API Management Market Breakdown, by Organization Size
11.3.7.4.4 France: API Management Market Breakdown, by End User
11.3.7.5 Russia: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.5.1 Russia: API Management Market Breakdown, by Component
11.3.7.5.2 Russia: API Management Market Breakdown, by Deployment
11.3.7.5.3 Russia: API Management Market Breakdown, by Organization Size
11.3.7.5.4 Russia: API Management Market Breakdown, by End User
11.3.7.6 Italy: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.6.1 Italy: API Management Market Breakdown, by Component
11.3.7.6.2 Italy: API Management Market Breakdown, by Deployment
11.3.7.6.3 Italy: API Management Market Breakdown, by Organization Size
11.3.7.6.4 Italy: API Management Market Breakdown, by End User
11.3.7.7 Rest of Europe: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.3.7.7.1 Rest of Europe: API Management Market Breakdown, by Component
11.3.7.7.2 Rest of Europe: API Management Market Breakdown, by Deployment
11.3.7.7.3 Rest of Europe: API Management Market Breakdown, by Organization Size
11.3.7.7.4 Rest of Europe: API Management Market Breakdown, by End User
11.4 Asia Pacific
11.4.1 Asia Pacific API Management Market Overview
11.4.2 Asia Pacific: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3 Asia Pacific: API Management Market Breakdown, by Component
11.4.3.1 Asia Pacific: API Management Market – Revenue and Forecast Analysis – by Component
11.4.4 Asia Pacific: API Management Market Breakdown, by Deployment
11.4.4.1 Asia Pacific: API Management Market – Revenue and Forecast Analysis – by Deployment
11.4.5 Asia Pacific: API Management Market Breakdown, by Organization Size
11.4.5.1 Asia Pacific: API Management Market – Revenue and Forecast Analysis – by Organization Size
11.4.6 Asia Pacific: API Management Market Breakdown, by End User
11.4.6.1 Asia Pacific: API Management Market – Revenue and Forecast Analysis – by End User
11.4.7 Asia Pacific: API Management Market – Revenue and Forecast Analysis – by Country
11.4.7.1 Asia Pacific: API Management Market – Revenue and Forecast Analysis – by Country
11.4.7.2 China: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.2.1 China: API Management Market Breakdown, by Component
11.4.7.2.2 China: API Management Market Breakdown, by Deployment
11.4.7.2.3 China: API Management Market Breakdown, by Organization Size
11.4.7.2.4 China: API Management Market Breakdown, by End User
11.4.7.3 Japan: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.3.1 Japan: API Management Market Breakdown, by Component
11.4.7.3.2 Japan: API Management Market Breakdown, by Deployment
11.4.7.3.3 Japan: API Management Market Breakdown, by Organization Size
11.4.7.3.4 Japan: API Management Market Breakdown, by End User
11.4.7.4 India: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.4.1 India: API Management Market Breakdown, by Component
11.4.7.4.2 India: API Management Market Breakdown, by Deployment
11.4.7.4.3 India: API Management Market Breakdown, by Organization Size
11.4.7.4.4 India: API Management Market Breakdown, by End User
11.4.7.5 South Korea: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.5.1 South Korea: API Management Market Breakdown, by Component
11.4.7.5.2 South Korea: API Management Market Breakdown, by Deployment
11.4.7.5.3 South Korea: API Management Market Breakdown, by Organization Size
11.4.7.5.4 South Korea: API Management Market Breakdown, by End User
11.4.7.6 Australia: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.6.1 Australia: API Management Market Breakdown, by Component
11.4.7.6.2 Australia: API Management Market Breakdown, by Deployment
11.4.7.6.3 Australia: API Management Market Breakdown, by Organization Size
11.4.7.6.4 Australia: API Management Market Breakdown, by End User
11.4.7.7 Rest of APAC: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.4.7.7.1 Rest of APAC: API Management Market Breakdown, by Component
11.4.7.7.2 Rest of APAC: API Management Market Breakdown, by Deployment
11.4.7.7.3 Rest of APAC: API Management Market Breakdown, by Organization Size
11.4.7.7.4 Rest of APAC: API Management Market Breakdown, by End User
11.5 Middle East and Africa
11.5.1 Middle East and Africa API Management Market Overview
11.5.2 Middle East and Africa: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3 Middle East and Africa: API Management Market Breakdown, by Component
11.5.3.1 Middle East and Africa: API Management Market – Revenue and Forecast Analysis – by Component
11.5.4 Middle East and Africa: API Management Market Breakdown, by Deployment
11.5.4.1 Middle East and Africa: API Management Market – Revenue and Forecast Analysis – by Deployment
11.5.5 Middle East and Africa: API Management Market Breakdown, by Organization Size
11.5.5.1 Middle East and Africa: API Management Market – Revenue and Forecast Analysis – by Organization Size
11.5.6 Middle East and Africa: API Management Market Breakdown, by End User
11.5.6.1 Middle East and Africa: API Management Market – Revenue and Forecast Analysis – by End User
11.5.7 Middle East and Africa: API Management Market – Revenue and Forecast Analysis – by Country
11.5.7.1 Middle East and Africa: API Management Market – Revenue and Forecast Analysis – by Country
11.5.7.2 United Arab Emirates: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.2.1 United Arab Emirates: API Management Market Breakdown, by Component
11.5.7.2.2 United Arab Emirates: API Management Market Breakdown, by Deployment
11.5.7.2.3 United Arab Emirates: API Management Market Breakdown, by Organization Size
11.5.7.2.4 United Arab Emirates: API Management Market Breakdown, by End User
11.5.7.3 Saudi Arabia: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.3.1 Saudi Arabia: API Management Market Breakdown, by Component
11.5.7.3.2 Saudi Arabia: API Management Market Breakdown, by Deployment
11.5.7.3.3 Saudi Arabia: API Management Market Breakdown, by Organization Size
11.5.7.3.4 Saudi Arabia: API Management Market Breakdown, by End User
11.5.7.4 South Africa: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.4.1 South Africa: API Management Market Breakdown, by Component
11.5.7.4.2 South Africa: API Management Market Breakdown, by Deployment
11.5.7.4.3 South Africa: API Management Market Breakdown, by Organization Size
11.5.7.4.4 South Africa: API Management Market Breakdown, by End User
11.5.7.5 Rest of Middle East and Africa: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.5.7.5.1 Rest of Middle East and Africa: API Management Market Breakdown, by Component
11.5.7.5.2 Rest of Middle East and Africa: API Management Market Breakdown, by Deployment
11.5.7.5.3 Rest of Middle East and Africa: API Management Market Breakdown, by Organization Size
11.5.7.5.4 Rest of Middle East and Africa: API Management Market Breakdown, by End User
11.6 South and Central America
11.6.1 South and Central America API Management Market Overview
11.6.2 South and Central America: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.6.3 South and Central America: API Management Market Breakdown, by Component
11.6.3.1 South and Central America: API Management Market – Revenue and Forecast Analysis – by Component
11.6.4 South and Central America: API Management Market Breakdown, by Deployment
11.6.4.1 South and Central America: API Management Market – Revenue and Forecast Analysis – by Deployment
11.6.5 South and Central America: API Management Market Breakdown, by Organization Size
11.6.5.1 South and Central America: API Management Market – Revenue and Forecast Analysis – by Organization Size
11.6.6 South and Central America: API Management Market Breakdown, by End User
11.6.6.1 South and Central America: API Management Market – Revenue and Forecast Analysis – by End User
11.6.7 South and Central America: API Management Market – Revenue and Forecast Analysis – by Country
11.6.7.1 South and Central America: API Management Market – Revenue and Forecast Analysis – by Country
11.6.7.2 Brazil: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.6.7.2.1 Brazil: API Management Market Breakdown, by Component
11.6.7.2.2 Brazil: API Management Market Breakdown, by Deployment
11.6.7.2.3 Brazil: API Management Market Breakdown, by Organization Size
11.6.7.2.4 Brazil: API Management Market Breakdown, by End User
11.6.7.3 Argentina: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.6.7.3.1 Argentina: API Management Market Breakdown, by Component
11.6.7.3.2 Argentina: API Management Market Breakdown, by Deployment
11.6.7.3.3 Argentina: API Management Market Breakdown, by Organization Size
11.6.7.3.4 Argentina: API Management Market Breakdown, by End User
11.6.7.4 Rest of South and Central America: API Management Market – Revenue and Forecast to 2031 (US$ Million)
11.6.7.4.1 Rest of South and Central America: API Management Market Breakdown, by Component
11.6.7.4.2 Rest of South and Central America: API Management Market Breakdown, by Deployment
11.6.7.4.3 Rest of South and Central America: API Management Market Breakdown, by Organization Size
11.6.7.4.4 Rest of South and Central America: API Management Market Breakdown, by End User
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers and Acquisitions
13.5 Partnerships and Collaboration
14. Company Profiles
14.1 International Business Machines Corp
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Microsoft Corp
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Oracle Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Google LLC
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Broadcom Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Software AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Akamai Technologies Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 SAP SE
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Amazon Web Services Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Postman, Inc
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Financial Overview
14.10.4 SWOT Analysis
14.10.5 Key Developments
15. Appendix
15.1 About The Insight Partners
LIST OF TABLES
Table 1. API Management Market Segmentation
Table 2. List of Vendors
Table 3. API Management Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. API Management Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. API Management Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 6. API Management Market – Revenue and Forecast to 2031 (US$ Million) – by Organization Size
Table 7. API Management Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 8. North America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 9. North America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 10. North America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 11. North America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 12. North America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 13. United States: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. United States: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 15. United States: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 16. United States: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 17. Canada: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 18. Canada: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 19. Canada: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 20. Canada: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 21. Mexico: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 22. Mexico: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 23. Mexico: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 24. Mexico: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 25. Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 26. Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 27. Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 28. Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 29. Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 30. United Kingdom: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 31. United Kingdom: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 32. United Kingdom: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 33. United Kingdom: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 34. Germany: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 35. Germany: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 36. Germany: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 37. Germany: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 38. France: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 39. France: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 40. France: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 41. France: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 42. Russia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 43. Russia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 44. Russia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 45. Russia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 46. Italy: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 47. Italy: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 48. Italy: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 49. Italy: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 50. Rest of Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 51. Rest of Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 52. Rest of Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 53. Rest of Europe: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 54. Asia Pacific: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 55. Asia Pacific: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 56. Asia Pacific: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 57. Asia Pacific: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 58. Asia Pacific: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 59. China: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 60. China: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 61. China: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 62. China: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 63. Japan: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 64. Japan: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 65. Japan: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 66. Japan: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 67. India: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 68. India: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 69. India: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 70. India: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 71. South Korea: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 72. South Korea: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 73. South Korea: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 74. South Korea: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 75. Australia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 76. Australia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 77. Australia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 78. Australia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 79. Rest of APAC: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 80. Rest of APAC: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 81. Rest of APAC: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 82. Rest of APAC: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 83. Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 84. Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 85. Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 86. Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 87. Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 88. United Arab Emirates: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 89. United Arab Emirates: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 90. United Arab Emirates: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 91. United Arab Emirates: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 92. Saudi Arabia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 93. Saudi Arabia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 94. Saudi Arabia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 95. Saudi Arabia: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 96. South Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 97. South Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 98. South Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 99. South Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 100. Rest of Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 101. Rest of Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 102. Rest of Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 103. Rest of Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 104. South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 105. South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 106. South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 107. South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 108. South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 109. Brazil: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 110. Brazil: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 111. Brazil: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 112. Brazil: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 113. Argentina: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 114. Argentina: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 115. Argentina: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 116. Argentina: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 117. Rest of South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 118. Rest of South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 119. Rest of South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size
Table 120. Rest of South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million) – by End User
LIST OF FIGURES
Figure 1. API Management Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem Outlook
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. API Management Market Revenue (US$ Million), 2021–2031
Figure 6. API Management Market Share (%) – by Component (2023 and 2031)
Figure 7. Solutions: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Services: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. API Management Market Share (%) – by Deployment (2023 and 2031)
Figure 10. Cloud: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. On-premises: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. API Management Market Share (%) – by Organization Size (2023 and 2031)
Figure 13. Large Enterprises: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. SMEs: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. API Management Market Share (%) – by End User (2023 and 2031)
Figure 16. IT and Telecom: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. BFSI: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Healthcare: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Government: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Manufacturing: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Others: API Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. API Management Market Breakdown by Region, 2023 and 2031 (%)
Figure 23. North America: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. North America: API Management Market Breakdown, by Component (2023 and 2031)
Figure 25. North America: API Management Market Breakdown, by Deployment (2023 and 2031)
Figure 26. North America: API Management Market Breakdown, by Organization Size (2023 and 2031)
Figure 27. North America: API Management Market Breakdown, by End User (2023 and 2031)
Figure 28. North America: API Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 29. United States: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Canada: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Mexico: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Europe: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Europe: API Management Market Breakdown, by Component (2023 and 2031)
Figure 34. Europe: API Management Market Breakdown, by Deployment (2023 and 2031)
Figure 35. Europe: API Management Market Breakdown, by Organization Size (2023 and 2031)
Figure 36. Europe: API Management Market Breakdown, by End User (2023 and 2031)
Figure 37. Europe: API Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 38. United Kingdom: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Germany: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. France: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Russia: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Italy: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Rest of Europe: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Asia Pacific: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Asia Pacific: API Management Market Breakdown, by Component (2023 and 2031)
Figure 46. Asia Pacific: API Management Market Breakdown, by Deployment (2023 and 2031)
Figure 47. Asia Pacific: API Management Market Breakdown, by Organization Size (2023 and 2031)
Figure 48. Asia Pacific: API Management Market Breakdown, by End User (2023 and 2031)
Figure 49. Asia Pacific: API Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 50. China: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Japan: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. India: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. South Korea: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. Australia: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Rest of APAC: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. Middle East and Africa: API Management Market Breakdown, by Component (2023 and 2031)
Figure 58. Middle East and Africa: API Management Market Breakdown, by Deployment (2023 and 2031)
Figure 59. Middle East and Africa: API Management Market Breakdown, by Organization Size (2023 and 2031)
Figure 60. Middle East and Africa: API Management Market Breakdown, by End User (2023 and 2031)
Figure 61. Middle East and Africa: API Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 62. United Arab Emirates: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. Saudi Arabia: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 64. South Africa: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 65. Rest of Middle East and Africa: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 66. South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 67. South and Central America: API Management Market Breakdown, by Component (2023 and 2031)
Figure 68. South and Central America: API Management Market Breakdown, by Deployment (2023 and 2031)
Figure 69. South and Central America: API Management Market Breakdown, by Organization Size (2023 and 2031)
Figure 70. South and Central America: API Management Market Breakdown, by End User (2023 and 2031)
Figure 71. South and Central America: API Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 72. Brazil: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 73. Argentina: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 74. Rest of South and Central America: API Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 75. Heat Map Analysis
Figure 76. Company Positioning & Concentration
The List of Companies - API Management Market
- International Business Machines Corp
- Microsoft Corp
- Oracle Corp
- Google LLC
- Broadcom Inc
- Software AG
- Akamai Technologies Inc
- SAP SE
- Amazon Web Services Inc
- Postman, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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