API Management Market is Expected to Grow at a Robust Rate Till 2026
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...