New Analysis from Global Industry Analysts Reveals Steady Growth for API Management, with the Market to Reach $7 Billion Worldwide by 2026

SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "API Management - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: May 2021
Executive Pool: 63783
Companies: 42 - Players covered include Axway, Inc.; CA Technologies, Inc.; Cloud Elements Inc.; Dell Boomi, Inc.; Digitalml; Fiorano Software, Inc.; Google LLC; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Kong Inc.; Microsoft Corporation; MuleSoft, Inc.; Nexright; Oracle Corporation; Red Hat, Inc.; Rogue Wave Software, Inc.; SAP SE; Sensedia; SnapLogic, Inc.; Software AG; Tibco Software, Inc.; Torry Harris Business Solutions, Inc.; Tyk Technologies Ltd.; WSO2 Inc. and Others.
Coverage: All major geographies and key segments
Segments: Component (Solution, Services); Deployment (On-Premise, Cloud); End-Use Industry (BFSI, IT & Telecom, Retail & Consumer Goods, Other End-Use Industries)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global API Management Market to Reach $7 Billion by 2026
Amid the COVID-19 crisis, the global market for API Management estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2026, growing at a CAGR of 29.7% over the analysis period. Solution, one of the segments analyzed in the report, is projected to record a 27.6% CAGR and reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 34.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $512 Million in 2021, While China is Forecast to Reach $1.7 Billion by 2026
The API Management market in the U.S. is estimated at US$512 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2026 trailing a CAGR of 36.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.8% and 27% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.