API Management Market Scope and Key Players Analysis by 2031
API Management Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 4.29 Billion |
Market Size by 2031 | US$ 35.40 Billion |
Global CAGR (2023 - 2031) | 30.2% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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