The API management market has been proliferating at a rapid pace. The market growth attributes to the recent upgrades in API management solutions. Besides, rising market penetration of mobility solutions and various apps and increasing numbers of mobile subscribers drive the market growth. Rise of social media and the growing demand for private & public APIs positively impact the growth of the market. Moreover, the increasing popularity of web APIs and advances in the internet of things (IoT) devices and big data escalate market growth.
According to Market Research Future (MRFR), the global API management market is expected to reach approximately USD 3 BN by 2022, registering a whopping 35% CAGR throughout the review period (2016 – 2022). Increasing capabilities of analytic tools to analyze complex data accumulated by businesses is a key driving force behind the growth of the market. Also, the demand for advanced application programming interfaces to improve publishing, documenting, and overseeing processes substantiates the market growth.
Additionally, API to monitor the interface's lifecycle and the needs of developers influence the growth of the market. Increasing purchases of built in-house software as a service through a third-party provider increase the size of the API security management market. Conversely, data security concerns, and legacy investments in SOA and performance monitoring are the major factors estimated to impede the market growth. Nevertheless, rising system integrators, digital transformation, and SOA & PaaS integrations would support market growth throughout the assessment period.
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Global API Management Market –Segments
The report is segmented into four dynamics;
By Component : Solutions and Services.
By Service : Training & Consulting, Integration, Support & maintenance, and others.
By Deployment : On-premises and Cloud-based.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global API Management Market – Geographical Analysis
North America dominates the global API management market. The largest market growth attributes to large technological advancements and the presence of various cloud service providers in the region. Besides, the presence of many industry players and futuristic infrastructure in the region drives the market growth, bringing about advanced API platforms. Moreover, the increasing digitization of business processes, technological advances, and organizations' focus on adopting business intelligence solutions boost the growth of the API management market in the region.
Europe stands second in the global API management market. The market is driven by the rising technical expertise in services, and enormous investments in the development of business analytics. Additionally, the rapidly developing digital technology and increasing demand for API management solutions for business intelligence positively impact regional market growth. Furthermore, the spurting rise in retail & consumer goods industries in the region boosts the growth of the European API security management market.
The Asia Pacific API management market is emerging as a promising market globally. Factors such as the broader acceptance of cloud-based solutions and emerging technologies such as the internet of things (IoT), big data, and analytics drive the regional market growth. The growing adoption of smartphones and growth in data-driven business boost the market growth in this region. Additional factors, such as increasing numbers of enterprises and massive technological advances in API platforms, foster the growth of the regional market.
Developing countries such as Japan, China, and India account for the leading share in the APAC API security management market. Besides, substantial advances in digital technology, alongside the developments in Business reality and artificial intelligence technology propel the growth in the regional market.
Global API Management Market – Competitive Analysis
Fiercely competitive, the API management market witnesses the presence of several notable players. To gain a larger competitive advantage, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product launch, and expansion. Key players focus on the innovation of products and new manufacturing processes. This, as a result, intensifies the already competitive nature of the market.
The recreational vehicle market demonstrates a high growth prospect, attracting several new entrants. Major players in the market are committed to delivering reliable, leading-edge solutions and services.
They invest substantially in R & D to develop unique solutions entirely on a different level compared to their competition.
Major Players:
Players leading the global API management market include Microsoft Corporation (US), IBM Corporation (US), Akana, Inc. (US), Cloud Elements, Inc. (US), CA Technologies, Inc. (US), Hewlett-Packard Enterprises Co. (US), MuleSoft, Inc. (US), Mashape Inc. (US), Oracle Corporation (US), SAP SE (Germany), and RedHat, Inc. (US), among others.
Industry/Innovation/Related News:
August 19, 2020 ---- Akana by Perforce, a provider of the end-to-end API management solutions for designing, implementing, monitoring, securing, managing, and publishing APIs, unveiled the new version of its API management platform with Akana 2020.1.0. Increased visibility for API product managers enhances the understanding of API usage metrics across business verticals such as Business analytics Operational analytics, and Streaming Analytics with Kafka. Akana offers computer software products for application programming interface management. The latest version of Akana's full lifecycle API management platform adds a consumer-focused developer portal.
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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
...
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 IBM CORPORATION (U.S.),
7.2.2 MICROSOFT CORPORATION (U.S.),
7.2.3 AKANA, INC. (U.S.),
7.2.4 CA TECHNOLOGIES, INC. (U.S.),
7.2.5 CLOUD ELEMENTS, INC. (U.S.)
7.2.6 HEWLETT-PACKARD ENTERPRISES CO. (U.S.),
7.2.7 MASHAPE INC. (U.S.)
7.2.8 MULESOFT, INC. (U.S.)
7.2.9 ORACLE CORPORATION (U.S.),
7.2.10 REDHAT, INC. (U.S.)
7.2.11 SAP SE (GERMANY),
7.2.12 OTHERS
...
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According to Market Research Future (MRFR), the global API management market is expected to reach approximately USD 3 BN by 2022, registering a whopping 35% CAGR throughout the review period (2016 – 2022).
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2429Global API Management Market –SegmentsThe report is segmented into four dynamics;By Component : Solutions and Services.
Besides, the presence of many industry players and futuristic infrastructure in the region drives the market growth, bringing about advanced API platforms.
Moreover, the increasing digitization of business processes, technological advances, and organizations' focus on adopting business intelligence solutions boost the growth of the API management market in the region.Europe stands second in the global API management market.
Additionally, the rapidly developing digital technology and increasing demand for API management solutions for business intelligence positively impact regional market growth.
Factors such as the broader acceptance of cloud-based solutions and emerging technologies such as the internet of things (IoT), big data, and analytics drive the regional market growth.
According to Market Research Future (MRFR), the global API management market is expected to reach approximately USD 3 BN by 2022, registering a whopping 35% CAGR throughout the review period (2016 – 2022).
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2429 Global API Management Market –SegmentsThe report is segmented into four dynamics;By Component : Solutions and Services.
Moreover, the increasing digitization of business processes, technological advances, and organizations' focus on adopting business intelligence solutions boost the growth of the API management market in the region.Europe stands second in the global API management market.
Factors such as the broader acceptance of cloud-based solutions and emerging technologies such as the internet of things (IoT), big data, and analytics drive the regional market growth.
Additional factors, such as increasing numbers of enterprises and massive technological advances in API platforms, foster the growth of the regional market.
To gain a larger competitive advantage, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product launch, and expansion.
Resultantly, implementations of cloud-based AI-enabled data platforms to help and support customers throughout the entire customer journey are rising continually.
Rising business needs to build rich data sets and optimize machine learning at scale and streamline workflows across teams substantiate the market growth.
Furthermore, increasing investments to develop data analytics tools that can support business needs fosters the market's growth.Conversely, the complexity of data synchronization, lack of awareness about journey analytics, and reluctance in its adoption are major factors projected to impede the market growth.
Global Customer Journey Analytics Market –SegmentsThe report is segmented into six dynamics; By Interaction Type: Web, Social Media, Mobile, Email, Branch/Store, Call Center, and others (surveys, promotional events, and sales representatives).
By Regions: Asia Pacific, Americas, Europe, and the Rest-of-the-World.
The largest market share attributes to the increasing demand for customer journey analytics led by the growing awareness for cloud-based deployment benefits like cost-effectiveness and easy availability.
Advatix is an outsource eCommerce call center with an aim to help brands and companies get closer to their customers and take their business to the next level.
We are known for delivering multi-channel support including social media for an increased customer experience and are also pioneers in maintaining the steady flow of business during disasters or unprecedented events.Our team of specialists possess immense knowledge of the latest technologies and are committed to offering a best-in-class experience including order tracking, dispatch, help desk, customer service, and more.
Our eCommerce contact center with highly trained staff is available 24/7 to resolve customer queries related to their products ordered.
We thrive to ensure end-to-end visibility across all your supply chain points so as to effectively utilise your resources in sync with your business objectives.We are a reliable partner when it comes to handling customer care with complete professionalism and expertness.
We provide a high level of customer service through phone, SMS, email, and chat.
We completely understand the importance of customer engagement and take pride in executing all our services with high efficiency and accuracy.
Global Structural Steel Market Research Report, By Product (Heavy Sectional Steel, Light Sectional Steel, and Rebar), Application (Residential, Non-Residential (Commercial, Institutional, Offices) and Infrastructure) and Region — Global Forecast till 2023Structural steel is recyclable, environmentally friendly, and helps in lowering greenhouse gas emissions.
The global structural steel market is witnessing a substantial rise over, the past few years, due to the burgeoning construction sector.There is sustainable growth in the overall construction industry that is witnessing a considerable number of residential, non-residential, and infrastructure projects due to the rise in disposable income.
Moreover, factors such as the technological advancements in the field of the prefabricated and pre-engineered building are escalating the market, globally.Considering the exponential growth that the market witnesses currently, Market Research Future (MRFR), in its recently published study report asserts that the global structural steel market will garner colossal accruals by 2023, registering a CAGR of 5.3% throughout the forecast period (2018 – 2023).Additional factors such as the increasing urbanization and increasing investments predominantly led by the improving economic conditions are predicted to foster the growth of the market over the assessment period.
Increasing focus on innovation in green construction materials is one of the key trends in the construction industry, which is expected to fuel the demand for structural steel building designs over the forecast period.Ever-increasing population worldwide is dramatic in many developing countries, particularly India and China, which represents a major driver in structural steel consumption.The increasingly prosperous population not only creates a need for rapid improvements in infrastructure but also demands better living conditions and higher-quality housing.
This, as a result, fosters the growth of the structural steel market, increasing the size of the construction market.On the flipside, volatility in the prices and the demand and supply gap in the materials are some of the major factors expected to obstruct the growth of the market during the assessment period.Global Structural Steel Market – Geographical AnalysisThe Asia Pacific region, heading with the rapid industrialization and huge technological advancements, would continue its dominance over the global structural steel market over the forecast period.
Moreover, factors such as the rapidly improving economy in the region alongside the increased investments by governments and the presence of major players in the region would support the growth of the regional market.Additionally, huge investment made into bringing more innovations in the techniques of structural steel manufacturing would foster the growth of the regional market.
