ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Application Programming Interface (API) Management Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. API Management Market report spread across 139 Pages, Profiling 21 Companies and Supported with 71 Tables and 37 Figures is now available in this research report.
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Application Programming Interface (API) Management Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2023. It aims at estimating the market size and the growth potential of this market across different segments, such as industry, application, solution, type, and region.
The Global Application Programming Interface (API) Management Market is expected to grow from US$ 1.2 Billion in 2018 to US$ 5.1 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period. The API management market is driven by various factors, such as demand for API-led connectivity, and API management solution powered with API analytics to streamline various stages of API lifecycle.
“Retail and consumer goods segment to grow at the highest CAGR during the forecast period”
Many Retail Organizations have deployed a mix of technologies, computer systems, and disparate applications to cater to the growing demands of customers. Customer experience proves to be a very vital differentiating factor among a wide array of online shopping options. Online retailers risk losing out on their users, because of negative customer experience.
“Integration and implementation services segment to hold the highest market share during the forecast period”
Integration and implementation services provide ease to organization in deploying API management solutions and accelerating digital transformation. These services ensure organizations that mission-critical applications would be integrated effortlessly with their internal and external systems and they would get the most out of investments made on API infrastructure.
“APAC to record the highest growth rate during the forecast period”
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for API management solution and services. Growing economies in countries, such as China, Japan, Australia and New Zealand, and India, provide huge opportunities for the adoption of the API management solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.