Global Application Programming Interfaces Management Market Size Study, by Component, Deployment Mode, Organization Size, Industry, and Regional Forecasts 2022-2032

Description

The global application programming interfaces (API) management market is valued at approximately USD 6.49 billion in 2023 and is projected to grow at a robust CAGR of 17.1% over the forecast period 2024-2032, reaching USD 26.87 billion by 2032. API management refers to the strategic development, publishing, securing, and analyzing of APIs, which serve as the backbone of digital transformation. Organizations across sectors are increasingly adopting APIs to integrate applications, enhance connectivity, and accelerate innovation.

Key drivers include the surge in demand for API-led connectivity, fueled by growing digitalization, and the emphasis on securing API usage amid rising cybersecurity concerns. Additionally, the emergence of new technologies, including AI and cloud computing, offers immense growth opportunities. Challenges, however, persist, such as the complexity of API management systems and limited awareness among small enterprises.

Industries such as BFSI, IT & telecom, and healthcare are leveraging API management to optimize processes and improve customer experience. North America leads the global market due to its robust technological ecosystem, while Asia-Pacific is witnessing rapid growth driven by its booming digital economy.

Major market players included in this report are:

Perforce Software, Inc.
Oracle
Axway
Boomi
Google LLC
Microsoft
IBM
DigitalML
Red Hat Inc.
Amazon Web Services Inc.
Sensedia
Tibco Software Inc.
Cisco Systems, Inc.
Software AG
Telefonaktiebolaget LM Ericsson

The detailed segments and sub-segment of the market are explained below:

By Component:

Solutions
- API Platform
- API Gateway
- API Administration
- API Monetization
- API Analytics and Security
Services
- Integration and Implementation
- Consulting
- Support and Maintenance
- Training and Education

By Deployment Mode:

On-Premises
Cloud

By Organization Size:

Small and Medium Enterprises (SMEs)
Large Enterprises

By Industry:

Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Government
Healthcare and Life Sciences
Retail and Consumer Goods
Media and Entertainment
Travel and Transportation
Manufacturing

By Region:

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Demand-side and supply-side analysis of the market.

Chapter 1. Global API Management Market Executive Summary

1.1. Global API Management Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Deployment Mode
- 1.3.3. By Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global API Management Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Consumer Awareness and Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global API Management Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Adoption of APIs in Digital Transformation
- 3.1.2. Increasing Demand for Secure and Reliable API Management
- 3.1.3. Growth in Cloud-Based API Solutions
3.2. Market Challenges
- 3.2.1. Complexity of API Management Systems
- 3.2.2. Lack of Awareness Among SMEs
3.3. Market Opportunities
- 3.3.1. Monetization of APIs
- 3.3.2. Integration of APIs with AI and 5G Technologies

Chapter 4. Global API Management Market Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies

Chapter 5. Global API Management Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global API Management Market by Solutions Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. API Platform
- 5.2.2. API Gateway
- 5.2.3. API Administration
- 5.2.4. API Monetization
- 5.2.5. API Analytics and Security
5.3. Global API Management Market by Services Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.3.1. Integration and Implementation
- 5.3.2. Consulting
- 5.3.3. Support and Maintenance
- 5.3.4. Training and Education

Chapter 6. Global API Management Market Size & Forecasts by Deployment Mode 2022-2032

6.1. Segment Dashboard
6.2. Global API Management Market by Deployment Mode Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. On-Premises
- 6.2.2. Cloud

Chapter 7. Global API Management Market Size & Forecasts by Organization Size 2022-2032

7.1. Segment Dashboard
7.2. Global API Management Market by Organization Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Small and Medium Enterprises (SMEs)
- 7.2.2. Large Enterprises

Chapter 8. Global API Management Market Size & Forecasts by Industry 2022-2032

8.1. Segment Dashboard
8.2. Global API Management Market by Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Banking, Financial Services, and Insurance (BFSI)
- 8.2.2. IT and Telecom
- 8.2.3. Healthcare and Life Sciences
- 8.2.4. Retail and Consumer Goods
- 8.2.5. Media and Entertainment
- 8.2.6. Travel and Transportation
- 8.2.7. Manufacturing
- 8.2.8. Others

Chapter 9. Global API Management Market Size & Forecasts by Region 2022-2032

9.1. North America
- 9.1.1. U.S.
  - 9.1.1.1. By Component
  - 9.1.1.2. By Deployment Mode
  - 9.1.1.3. By Industry
- 9.1.2. Canada
9.2. Europe
- 9.2.1. U.K.
- 9.2.2. Germany
- 9.2.3. France
- 9.2.4. Spain
- 9.2.5. Italy
- 9.2.6. Rest of Europe
9.3. Asia Pacific
- 9.3.1. China
- 9.3.2. India
- 9.3.3. Japan
- 9.3.4. Australia
- 9.3.5. South Korea
- 9.3.6. Rest of Asia Pacific
9.4. Latin America
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Middle East & Africa
- 9.5.1. Saudi Arabia
- 9.5.2. South Africa
- 9.5.3. Rest of Middle East & Africa

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Google LLC
- 10.1.2. Oracle
- 10.1.3. IBM
10.2. Top Market Strategies
10.3. Company Profiles

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation