North America is the largest market for API management as the region

The application programming interface or (API) is becoming increasingly useful for mobile app development and also for the development of overall business operations in several industries. An API management system helps the business enterprises to include a developer portal that helps them in managing API system in a secure and scalable environment. The main purpose of this system is to provide the organizations with an API lifecycle management system, quality control and accessing security.

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The API system helps the organizations to maintain a centralized visibility system. The user is able to see the momentum of their published APIs and the third party APIs in the user’s network. This feature of API helps the organizations to avoid security threats, enhance the savings by cutting down on redundant APIs and identify several gaps which the software developers can locate. The top down approach of the developers to view every application is helpful for large enterprises to avoid the limitation of API to access unauthorized data effectively.

Increasing adoption of IoT is creating opportunities for the global API management market. The APIs will support the IoT operations in many ways such as interoperability between IoT platforms and manage huge amount of data. APIs helps in managing huge amount of data with the help of wide ranges of applications that enables the enterprises to transform workplace into digital organizations. The analysed data further helps the organizations to make an informed decision that includes connected devices applications in several industries. The use of IoT helps the enterprises to rearrange entire supply chain from production to consumption that further helps in enhancing the demand for API in various industries. The security issues of API are the major restraint observed in the growth of global API management market.    

API is the method of documenting and publishing and overseeing application programming interfaces in a scalable and secure platform. The main objective of the API management system is to allow an organization to monitor lifecycle of interfaces and ensures that the demands of application developers and users are met.

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Geographically, North America is the largest market for API management as the region is observing growing demand for web APIs. The use of web APIs further helps the companies in manufacturing industry for managing large bulk of data and helps in further analysing it using several data and analytics tools.

Asia-Pacific is observed to witness fastest growth in the market. The use of cloud computing is helping the business organization to manage the import and export process.  This system is enabling the organization in minimizing the IT and back office costs and is helping the companies to manage their cash flows. Moreover, this is generating increased demand for API management system in the region.

Some of the key players in the market include Akana, Inc., Apiary, Inc., Axway, Inc., CA Technologies, Inc., Cloud Elements, Inc., Dell Boomi, Inc., Digitalml, Fiorano Software, Inc., Google, Inc., Hewlett Packard Enterprises Co., IBM Corporation, Mashape Inc., Microsoft Corporation, Mulesoft, Inc., Nexright, Oracle Corporation, Red Hat, Inc., SAP SE, Sensedia, Snaplogic, Inc., Software AG and Tibco Software, Inc.

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