ICT Industry Reports

Increasing demand for managing API traffic to promote adoption of API management, globally, through 2026. According to TechSci Research report, “Global  API Management Market  By Component, By Deployment Mode, By Organization Size, By End User, By Region, Competition, Forecast & Opportunities, 2026 ”, global API management market is projected to grow at a CAGR of 22.4% during 2019-2026, as it allows traffic monitoring of applications and assist in cache memory management so as to improve the performance of applications. Moreover, growing demand for public and private APIs along with surging prevalence of web APIs is further expected to bolster the growth of the market through 2026. Global API management market can be segmented based on component, deployment mode, organization size, end user and region. Based on the component, solution segment dominated global API management market in 2018, on account of surging demand for integrating systems and components with applic...

According to TechSci Research,  Global API management market stood at more than $ 1.3 billion in 2019 and is projected to grow at a CAGR of over 22% during 2021-2026, on  account of increasing demand for modern application programming interface (API) to connect various applications and devices. Growing need to decode data of enterprises so that it can be used by other sections of the organizations is boosting the growth of the market. Application programming interface (API) management can be defined as the process of publishing, documenting and overseeing application programming interfaces in reliable and secure environment. Advancement of Internet of Things and big data and rising demand to manage API traffic is anticipated to propel global API management market through 2026. Global API management market can be segmented based on component, deployment mode, organization size and end-user. In terms of component, the market can be bifurcated into solutions and services. API ma...