API Management Market Scenario:
The software can be built in-house or purchased as a service through a third-party provider. An application programming interface provides various functions such as automate and connections between an API and the applications, ensure consistency between multiple API implementations and monitor traffic from individual apps.

The key drivers contributing to the growth of the API management market are mobility and app proliferation, increasing number of mobile subscribers, the rise of social media, growing demand for private and public APIs, increasing popularity of web APIs, increasing advancements of internet of things and big data.

The rapid increase in use of smart mobile devices with advanced specifications to run an application is one of the major factors driving the expansion of the global application programming interface API Management Market. The various beneficial function of application programming interface (API) such as automation of connections between an API and the applications, monitoring traffic from individual apps, and others are creating traction for the application programming interface (API) management software in the global market

The increasing inclination towards mobility, proliferation in mobile applications, increasing popularity of social media, rapid advancement in the internet of things and others are some of the other key factors that are fueling the expansion of the global application programming interface (API) management market.

However, the increasing concerns regarding data security and lack of performance monitoring by skilled professionals are likely to act as restraints on the growth of the global application programming interface (API) management market during the forecast period.

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Major Key Players:
The prominent players of the global application programming interface (API) management market that are highlighted in MRFR’s report are IBM Corporation (U.S.), Microsoft Corporation (U.S.), Akana, Inc. (U.S.), CA Technologies, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), Mashape Inc. (U.S.), MuleSoft, Inc. (U.S.), Oracle Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany), and others.

Market Segmentation:
The global application programming interface (API) management market has been segmented on the basis of component, service and deployment. Based on component, the application programming interface (API) management market is segmented into solutions and services. Based on service, the application programming interface (API) management market is segmented into training and consulting, integration, and support and maintenance.

Based on deployment, the application programming interface (API) management market is segmented into on-premise and cloud. The increasing adoption of cloud-based service is leading to the rapid expansion of cloud-based deployment segment in the global application programming interface (API) management market.

December 2017, Microsoft Tackles Vehicle Fleet Management With New Bing Map APIs. Microsoft has released three new fleet management APIs for Bing Maps that developers can use to create applications for transportation companies and other vehicle fleet managers that value precise travel guidance and tracking. The APIs can be used by commercial vehicle fleet managers to avoid potentially dangerous road hazards and keep better track of their drivers.

December 2017, Cloud Elements API Hubs to Deliver 20 New API Connectors for Axway AMPLIFY™ Platform. Cloud Elements, announced a strategic partnership with Axway, to deliver 20 new connectors for the API Builder in the Axway AMPLIFY platform, enabling the delivery of immersive digital experiences. The partnership will help enterprises accelerate connectivity to applications for new ecosystem-driven business models and revenue streams.

December 2017, Google Pushes for Adoption of Newer Android Device Management APIs. Google wants enterprises to accelerate adoption of some of the company's more modern Android mobile device management technologies. Google added several new security capabilities that it has integrated into Android Oreo, the latest version of its mobile operating system.

November 2017, Aapi Debuts New Portal that Makes APIs Easy with Unified Developer API Platform. Aapi, Inc., an innovative software company that enables rapid software application development, has launched a new portal that provides a single source for developers to create API success.

Aapi research shows that by providing everything needed for API integrations in a single platform that organizations can lower software development costs by a factor of 10 while providing developers a world-class user interface and workflow tools.

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Regional Analysis:
Geographically, the global application programming interface (API) market is segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. Among these regions, North America accounts for the largest market share in the global application programming interface (API) market owing to the large pool of service providers for cloud-based solutions and rapid technological advancement in this region.

The Asia Pacific and the Europe regions are anticipated to project significant growth in the global application programming interface (API) management market owing to the increasing adoption of cloud-based solutions and advancement in mobile technology in these regions.

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