A latest study released by Advance Market Analytics on Global API Management Software Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of API Management Software market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled are IBM (United States), Dell (United States), InSync Tech-Fin Solutions (India), Red Hat Software (United States), Akana (United States), Kong Enterprise (United States), Software AG (Germany), Informatica (United States), CA Technologies (United States) and MuleSoft (United States).
Application programming interface (API) is a set of commands, protocols, functions and objects that programmers are used to build software applications that allows two applications talk to each other. API enables an organization to monitor the functionality of interface and meet the requirements of applications and developers. It also allows traffic monitoring of individual applications and helps in cache memory management to improve the performance of the application.
According to AMA, the Global API Management Software market is expected to reach USD3050.7 Million by 2024 growing at a CAGR of 33.9%.
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1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Application (Small Businesses and Individual Professionals, Midsize Businesses, Large Enterprises), Deployment Type (On-Premises, Cloud Based), Industry Verticals (BFSI, IT & Telecom, Government, Healthcare, Retail & Consumer Goods, Others Industry), Solution Type (API Portal, Security, API Gateway, API Analytics, Administration), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global API Management Software market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry’s projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are IBM (United States), Dell (United States), InSync Tech-Fin Solutions (India), Red Hat Software (United States), Akana (United States), Kong Enterprise (United States), Software AG (Germany), Informatica (United States), CA Technologies (United States) and MuleSoft (United States).
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
- Rising Popularity of Web APIs and Rapid Adoption of the Internet of Things and Big Data in Emerged Economies
- Increasing Mobility and App Proliferation Worldwide and Growing Number of Mobile Subscribers and Penetration of E-Commerce
- Surging Need of System Integrators, Digital Transformation, SOA and PaaS Integrations
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California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance. European Union laws (GDPR) is taking important measures to protect data privacy and is expected to impact ~4% of global annual sales.
Key Insights that Study is going to provide:
• Revenue splits by most promising business segments.
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players.
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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