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%.
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
The Players Covered in the Study 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)
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.
List of players that can be included in the study on immediate basis are WSO2 (United States), Rogue Wave Software (United States) and New Relic (United States).