Sarasota, FL -- (SBWIRE) -- 01/14/2019 -- Major players in this API management market are CA Technologies, Microsoft Corporation, Apiary, Inc., Google, Inc., Red Hat, Inc., Axway, Inc., Fiorano Software, HP, Sensedia, SAP SE, TYK Technologies, Tibco Software, IBM Corporation, and Cloud Elements amongst others.

As per analysts at Zion Market Research, the global API management market added up for almost USD 609.32 Million in 2016 and is likely to cross almost USD 3,436.16 Million by end of 2022, increasing at a CAGR of 33.4% from 2017 to 2022.

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Increasing Requirements To Manage API Traffic And Advancements Of The Big Data & Internet of Things To Boos The Global API Management Market

According to analysts at Zion Market Research, advancements of the Big Data and Internet of Things, increasing requirements to manage API traffic, and feature & cost benefits are some of the major factors assumed to tower the development of API managements market. Security problems associated to API is expected to restrain the development of API management market in the forecast period. Nevertheless, PaaS and SOA integrations along with system integrators are expected to unlock up new alluring avenues in near future. Moreover, new product launches by market players are also set to power the development of API management market. For example, in August 2018, Microsoft announced plans for rolling a new BizTalk Server service in addition to details about its dream of Azure Integration Services.

Increasing Requirements To Manage API Traffic And Advancements Of The Big Data & Internet of Things To Boos The Global API Management Market

According to analysts at Zion Market Research, advancements of the Big Data and Internet of Things, increasing requirements to manage API traffic, and feature & cost benefits are some of the major factors assumed to tower the development of API managements market. Security problems associated to API is expected to restrain the development of API management market in the forecast period. Nevertheless, PaaS and SOA integrations along with system integrators are expected to unlock up new alluring avenues in near future. Moreover, new product launches by market players are also set to power the development of API management market. For example, in August 2018, Microsoft announced plans for rolling a new BizTalk Server service in addition to details about its dream of Azure Integration Services.

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API Security Sector To Dominate The API Managements Market In Near Future

API security ruled the solution sector of API managements market in 2016 due to perimeter security and data encryption. Integration service and maintenance & support sector of API management market are likely to see remarkable development in years to come. The industry section of API management market is divided into IT & telecom, BFSI, healthcare, government, manufacturing, retail & consumer goods, and others sectors. BFSI has surfaced as a leading industry section of API management market and is likely to develop with uppermost CAGR in the near future.

High Acceptance Rate Of New Tech Likely To Support The Development Of API Management Market In Europe

North America is likely to hold biggest market share in coming years in API management market. Rising popularity of web APIs will be the major boosting factors for growth of API management market in this area. The high acceptance rate of new tech is likely to support the development of API management market in Europe. Increasing numbers of mobile users paired with penetration of e-commerce in up-and-coming nations is likely to boost the API management market in Asia Pacific extremely. China held the biggest share of API management market in Asia Pacific. Latin America is also likely to show obvious development in the API managements market in near future.

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The global API management market is segmented as follows:

By Solution

API Portal
Security
Monetization
API Gateway
API Analytics
Administration

By Service

Training & Consulting
Support & Maintenance
Integration

By Deployment

On-Premises
Cloud

By Industry

BFSI
IT & Telecom
Government
Healthcare
Retail & Consumer Goods
Manufacturing
Others Industry

By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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