The global API (Application Programming Interface) management market

The most exciting is that, we live now in a digital-driven era where there is an increasing need for efficient API (Application Programming Interface) management solution across all major industry verticals. This trend signifies that, the adoption of API management solutions that are both scalable and performance oriented is a game-changer.

According to Research and Markets, the global API (Application Programming Interface) management market size is estimated to grow from USD 606.8 million in 2016 to USD 2,665.3 million by 2021, at a Compound Annual Growth Rate (CAGR) of 34.4%.

The firm also reveals that, the adoption of API management solutions that are both scalable and performance oriented is driving the demand for the API management solutions; as API portal solutions that provide a platform for developer and publisher communication.

The growing numbers of APIs are vulnerable to security threats and require advanced security solutions, which may hinder end users to adopt these solutions.

For those who are unfamiliar, the API (Application Programming Interface) management services market includes training & consulting, integration, and support & maintenance services, in which the integration services pave their great way. Integration services manage all APIs under a single platform.