API Management Market to Remain Competitive | Major Giants Continuously Expanding Market 2027
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Major growth drivers of the market include growing demand for API-led connectivity, and need for public and private APIs to accelerate digital transformation.
PORTLAND, PORTLAND, OR, UNITED STATE, November 26, 2021 /EINPresswire.com/ -- API technology assist the enterprises in sharing the content across organizations, it also comprises of set of process through which organization can gain control .The API management Market provides companies with an API gateway, developer portal, API lifecycle management, support for API monetization, and API lifecycle management.
Major players analyzed include Axway Inc., CA Technologies Inc., Cloud Elements Inc., Dell Boomi Inc, Fioranco Software Inc., Google LLC, IBM Corporation, Kong Inc., Microsoft Corporation, and MuleSoft Inc.
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Growing demand for API-led connectivity, and need for public and private APIs to accelerate digital transformation are the major driving factors for the growth of API management market. However, security of API can hamper the growth of market. Contrarily, API management solutions powered with advanced analytics capabilities is an opportunistic factor for global market.
Digital security has been one of the trending topics, followed by rapid adoption of wireless technologies and services coupled with increasing security breaches within few years. Security factor within API technology has been gaining a rapid traction, owing to increasing cyber breaches within the technology, which has alerted the demand for effective security measures.
API based connectivity services is turning out to be a significant procedure within the enterprises, owing to its growing usage in engaging customers, employees and partners. Integration of newer technologies such as IoT, SaaS, big data, social, mobile, and APIs are widening the for new business, thereby creating various paths for revenue streams and gaining an efficient & innovative method for understanding the customer.
Impact of COVID-19 on API Management Market:
• Overall behavior of security teams is likely to be disrupted, owing to the COVID-19 pandemic, which in turn cause hard in detecting malicious activities and responding them turning out to be complicated.
• Organizations should take hands-on steps by advising their staff and customers to be more attentive and cautious especially when opening links, emails or documents related to the subject COVID-19.
• Organizations should safeguard their detection and alerting capabilities are useful while keeping an eye on the impact of having many remote workers.
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