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    API Management Market

    ID: 1796
    100 Pages
    Research Team
    07/2025

    API Management Market Research Report Information By Component (Solutions [API Platform, API Analytics, and API Security], and Services [Integration & Implementation, Consulting, Support & Maintenance, and Training & Education]), By Deployment Type (On-premises, and Cloud), By Organization Size (SMEs, and Large Enterprises), By Industry Vertical (BSFI, IT & Communication, Retail...

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    Market Summary

    Research Methodology on API Management Market


    This research report is prepared with the help of extensive primary and secondary research. The primary research involves the interviews of API Management solution providers, industry experts, and stakeholders. In the same manner, different research sources such as verified data sources, industry databases, white papers, and technology magazines are used for the report.


    The primary research provides insights about the industry and market trends, followed by comprehensive secondary research, covering trustworthy paid and unpaid sources, trade and local journals, economic and business reports, market reviews, surveys and reliable press releases.


    Market Research Future (MRFR), performed a data triangulation method to determine the exact market size. It is a combination of top-down and bottom-up approaches. First of all, the top-to-bottom approach is employed to estimate the size of the overall parent category, and then the bottom-to-top approach is used to calculate the individual segments. Additionally, a market breakdown and an analysis of the value chain are also involved in the report.


    Secondary Research


    This research report includes secondary sources to include robust information regarding API Management solutions and services. Sources that are used to collect data and information are articles published in business magazines, industry whitepapers and surveys, reports by industry trade organizations, and published research papers by reputed authors and journals.


    Primary Research


    The primary research of the study involves surveys and interviews of experienced professionals and knowledgeable individuals in the API Management market. The informants provide information about the market size, growth rates, drivers, constraints, trends, and their impact on the market during the forecast period. Based on their inputs, MRFR creates a market model and establishes its reliability based on the triangulation method.


    Data Collection


    For this report, market data is collated from the relevant primary and secondary sources and analyzed using various methodological techniques. The objective of the study is to collect and verify the data collected to provide accurate and up-to-date data. For this purpose, sources such as current news and developments, industry journals and magazines, as well as other relevant sources are used.


    Data Validation


    To validate the accuracy of this report, several methods are used such as analyzing the collected data twice, conducting expert interviews, performing direct observations, and carrying out secondary research. Moreover, the data are tabulated, analyzed, and verified using various statistical methods to ensure it is accurate and reliable.


    Approach Used in the Report


    This research report includes primary and secondary research methodologies. The primary research includes interviews and surveys of stakeholders such as API Management solution providers, industry experts, and professional organizations. The secondary research includes the review of secondary sources such as industry journals, published research papers, reports, market newsletters and magazines, and market reviews.


    Market Modelling


    Market forecasting is done based on the input variables collected from the primary research. The forecast model is based on the stakeholder's current and projected trends as well as a series of parameters that include pricing trends, production capacities, market shares, revenue, profit margins, and geographical expansion.


    Analytical Model


    To carry out an analysis of the data collected on the Api Management market, several analytical techniques are used. These include forecasting, scenario analysis, trend analysis, market share analysis, and breakeven analysis. The data is further analyzed using various one-way and n-way analysis spreadsheets to provide appropriate insights into the market's trends and statistics. The research also involves a mapping of the key players in the market and their core competencies. The report also contains highlights of the emerging opportunities.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 4.22 billion
    Market Size 2030 USD 24.17 billion
    Compound Annual Growth Rate (CAGR) 21.40% (2023-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Deployment Type, Organization Size, Industry Vertical, and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled IBM CORPORATION, MICROSOFT CORPORATION, AKANA, INC., CA TECHNOLOGIES, INC., CLOUD ELEMENTS, INC., HEWLETT-PACKARD ENTERPRISES CO., MASHAPE INC., MULESOFT, INC., ORACLE CORPORATION, REDHAT, INC., SAP SE, Amazon Web Services, Akamai Technologies, WSO2, Axeway, and Tibco software
    Key Market Opportunities Low code API development platforms API management platform with advanced analytics capabilities
    Key Market Dynamics Growing utilization of data-driven decision-making Automation and customization to streamline workflow Growing need for APIs to increase digital transformation

    Major Players

    Market Segmentation

    Global API Management, By Component Outlook (USD Billion, 2018-2030)

    • Solutions

      • API Platform

      • API ANalytics

      • API Security

    • Services

      • Integration & Implementation

      • Consulting

      • Support & Maintenance

      • Training & Education

    Global API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

    • On-premises

    • Cloud

    Global API Management, By Organization Size Outlook (USD Billion, 2018-2030)

    • SMEs

    • Large Enterprises

    Global API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

    • BSFI

    • IT & Communication

    • Retail

    • Manufacturing

    • Government

    • Healthcare

    • Others

    Global API Management Regional Outlook (USD Billion, 2018-2030)

    • North America Outlook (USD Billion, 2018-2030)

    • North America API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform

        • API ANalytics

        • API Security

      • Services

        • Integration & Implementation

        • Consulting

        • Support & Maintenance

        • Training & Education

    • North America API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises

      • Cloud

    • North America API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs

      • Large Enterprises

    • North America API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI

      • IT & Communication

      • Retail

      • Manufacturing

      • Government

      • Healthcare

      • Others

     

     

      • US Outlook (USD Billion, 2018-2030)

      • US API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • US API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • US API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • US API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

      • Canada Outlook (USD Billion, 2018-2030)

      • Canada API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • Canada API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • Canada API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • Canada API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • Mexico Outlook (USD Billion, 2018-2030)

      • Mexico API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • Mexico API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • Mexico API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • Mexico API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

     

    • Europe Outlook (USD Billion, 2018-2030)

    • Europe API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform

        • API ANalytics

        • API Security

      • Services

        • Integration & Implementation

        • Consulting

        • Support & Maintenance

        • Training & Education

    • Europe API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises

      • Cloud

    • Europe API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs

      • Large Enterprises

    • Europe API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI

      • IT & Communication

      • Retail

      • Manufacturing

      • Government

      • Healthcare

      • Others

     

      • Germany Outlook (USD Billion, 2018-2030)

      • Germany API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • Germany API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • Germany API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • Germany API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • France Outlook (USD Billion, 2018-2030)

      • France API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • France API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • France API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • France API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • UK Outlook (USD Billion, 2018-2030)

      • UK API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • UK API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • UK API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • UK API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • Rest of Europe Outlook (USD Billion, 2018-2030)

      • Rest of Europe API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • Rest of Europe API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • Rest of Europe API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • Rest of Europe API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

    • Asia-Pacific Outlook (USD Billion, 2018-2030)

    • Asia-Pacific API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform

        • API ANalytics

        • API Security

      • Services

        • Integration & Implementation

        • Consulting

        • Support & Maintenance

        • Training & Education

    • Asia-Pacific API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises

      • Cloud

    • Asia-Pacific API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs

      • Large Enterprises

    • Asia-Pacific API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI

      • IT & Communication

      • Retail

      • Manufacturing

      • Government

      • Healthcare

      • Others

     

      • China Outlook (USD Billion, 2018-2030)

      • China API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • China API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • China API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • China API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • India Outlook (USD Billion, 2018-2030)

      • India API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • India API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • India API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • India API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • Japan Outlook (USD Billion, 2018-2030)

      • Japan API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • Japan API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • Japan API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • Japan API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)

      • Rest of Asia-Pacific API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform

          • API ANalytics

          • API Security

        • Services

          • Integration & Implementation

          • Consulting

          • Support & Maintenance

          • Training & Education

      • Rest of Asia-Pacific API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises

        • Cloud

      • Rest of Asia-Pacific API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs

        • Large Enterprises

      • Rest of Asia-Pacific API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI

        • IT & Communication

        • Retail

        • Manufacturing

        • Government

        • Healthcare

        • Others

     

    • Middle East & Africa Outlook (USD Billion, 2018-2030)

    • Middle East & Africa API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform

        • API ANalytics

        • API Security

      • Services

        • Integration & Implementation

        • Consulting

        • Support & Maintenance

        • Training & Education

    • Middle East & Africa API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises

      • Cloud

    • Middle East & Africa API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs

      • Large Enterprises

    • Middle East & Africa API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI

      • IT & Communication

      • Retail

      • Manufacturing

      • Government

      • Healthcare

      • Others

     

    • South America Outlook (USD Billion, 2018-2030)

    • South America API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform

        • API ANalytics

        • API Security

      • Services

        • Integration & Implementation

        • Consulting

        • Support & Maintenance

        • Training & Education

    • South America API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises

      • Cloud

    • South America API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs

      • Large Enterprises

    • South America API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI

      • IT & Communication

      • Retail

      • Manufacturing

      • Government

      • Healthcare

      • Others

    Market Trends

    API Management Market Overview

    The API Management market industry is projected to grow from USD 4.22 billion in 2023 to USD 24.17 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.40% during the forecast period (2024-2032).

    The growing utilization of data-driven decision-making, automation and customization to streamline workflow, and growing need for APIs to increase digital transformation are driving the growth of the market.

    Figure 1: API Management Market Size, 2024-2032 (USD Billion)

    API Management Market

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Covid-19 Analysis

    Post-COVID-19, the API Management market size was valued at USD 3.28 billion in 2021 and is projected to reach USD 27.32 billion by 2030, growing at a CAGR of 25.2% from 2022 to 2030. API management has been positively impacted by the pandemic. As a result of COVID-19 outbreak, organizations are quickly reorganizing their business processes and adapting to digital transformation. With the digital-first strategy, APIs have become a top priority for adapting to new business models such as remot...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about API Management Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about API Management Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 4.22 billion
    Market Size 2030 USD 24.17 billion
    Compound Annual Growth Rate (CAGR) 21.40% (2023-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Deployment Type, Organization Size, Industry Vertical, and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled IBM CORPORATION, MICROSOFT CORPORATION, AKANA, INC., CA TECHNOLOGIES, INC., CLOUD ELEMENTS, INC., HEWLETT-PACKARD ENTERPRISES CO., MASHAPE INC., MULESOFT, INC., ORACLE CORPORATION, REDHAT, INC., SAP SE, Amazon Web Services, Akamai Technologies, WSO2, Axeway, and Tibco software
    Key Market Opportunities Low code API development platforms API management platform with advanced analytics capabilities
    Key Market Dynamics Growing utilization of data-driven decision-making Automation and customization to streamline workflow Growing need for APIs to increase digital transformation

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith
    jane@domain.com

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    Posted on July 22, 2025, 7:45 PM
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    FAQs

    1. What are the deployment-dependent segments in the market?

    On-premises and Cloud are the deployment-dependent segments in the market.

    2. What are the top growth-inducing factors in the market?

    Rising mobility and app proliferation, mounting number of mobile subscribers, surge in social media, soaring demand for private and public APIs, increasing popularity of web APIs as well as the advancements in internet of things and big data are the top growth-inducing factors in the market.

    3. Who are the most renowned vendors in the worldwide market?

    Oracle Corporation (U.S.), Akana, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Microsoft Corporation (U.S.), Mashape Inc. (U.S.), MuleSoft, Inc. (U.S.), RedHat, Inc. (U.S.), CA Technologies, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), SAP SE (Germany), BM Corporation (U.S.), are the most renowned vendors in the worldwide market.

    4. What is the growth rate of the market estimated to be in the near future?

    The expected growth rate of the market in the near future is 35%.

    5. What are the regional segments of the API management market?

    North America, Europe, Asia Pacific, and Rest of the World (ROW) are the regional segments of the market.

    1. Global API Management market, by Region, 2018&ndash;2030 (USD BILLION) 61</span>
    2. US API Management market, BY Organization Size, 2018&ndash;2030 (USD Billion)
    3. MEXICO API Management market, BY Component, 2018&ndash;2030 (USD BILLION) 73</span>
    4. Europe API Management market, BY Component, 2018&ndash;2030 (USD Billion) 78</span>
    5. UK API Management market, BY Deployment Type, 2018&ndash;2030 (USD BILLION) 81</span>
    6. GERMANY API Management market, BY Organization Size, 2018&ndash;2030 (USD BILLION)
    7. SPAIN API Management market, BY Deployment Type, 2018&ndash;2030 (USD BILLION)
    8. REST OF EUROPE API Management market, BY Deployment Type, 2018&ndash;2030 (USD
    9. REST OF EUROPE API Management market, BY Organization Size, 2018&ndash;2030 (USD
    10. REST OF EUROPE API Management market, BY INDUSTRY VERTICAL, 2018&ndash;2030 (USD
    11. ASIA-PACIFIC API Management market, BY country, 2018&ndash;2030 (USD Billion)
    12. INDIA API Management market, BY Component, 2018&ndash;2030 (USD BILLION) 108</span>
    13. MICROSOFT CORPORATION: KEY DEVELOPMENTS 143</span>
    14. CA TECHNOLOGIES, INC.: Products Offered 150</span>
    15. HEWLETT-PACKARD ENTERPRISES CO.: Products Offered 158</span>
    16. MULESOFT, INC. Key Developments 166</span>
    17. REDHAT, INC. Products Offered 173</span>
    18. Akamai Technologies Products Offered 173</span>
    19. WSO2 Key Developments 174</span>
    20. Tibco software Key Developments 170</span>
    21. Global API Management market: Market Structure 22</span>
    22. EUROPE: API Management MARKET SIZE (USD BILLION) &amp; MARKET SHARE (%), BY COUNTRY
    23. ASIA&ndash;PACIFIC: API Management MARKET SIZE (USD BILLION) &amp; MARKET SHARE
    24. market dynamic ANALYSIS OF the GLOBAL API Management market 35</span>
    25. (% SHARE) 48</span>
    26. Global API Management MARKET, BY Component, 2021 VS 2030 (USD BILLION) 48</span>
    27. Global API Management MARKET, BY INDUSTRY VERTICAL, 2021 VS 2030 (USD BILLION)
    28. VS 2030 (USD BILLION) 60</span>
    29. North america API Management market, BY country, 2021 VS 2030 (USD BILLION) 62</span>
    30. (% SHARE) 76</span>
    31. EUROPE API Management market, BY country, 2021 VS 2030 (USD BILLION) 76</span>
    32. Europe API Management MARKET, BY INDUSTRY VERTICAL, 2021-2030 (USD BILLION) 80</span>
    33. ASIA-PACIFIC API Management MARKET, BY Organization Size, 2021-2030 (USD BILLION)
    34. ASIA-PACIFIC API Management MARKET, BY INDUSTRY VERTICAL, 2021-2030 (USD BILLION)
    35. South America API Management MARKET, BY Component, 2021-2030 (USD BILLION) 116</span>
    36. Middle East &amp; Africa API Management MARKET, BY Organization Size, 2021-2030
    37. Middle East &amp; Africa API Management MARKET, BY INDUSTRY VERTICAL, 2021-2030
    38. GLOBAL API Management MARKET: Competitive benchmarking 127</span>
    39. IBM CORPORATION Financial Overview snapshot 138</span>
    40. AKANA, INC.: SWOT Analysis 148</span>
    41. HEWLETT-PACKARD ENTERPRISES CO.: SWOT Analysis 159</span>
    42. MASHAPE INC.: SWOT Analysis 162</span>
    43. ORACLE CORPORATION Financial Overview snapshot 169</span>
    44. Amazon Web Services Financial Overview snapshot 169</span>
    45. WSO2: SWOT Analysis 179</span>
    46. Tibco software Financial Overview snapshot 142</span>

    Market Segmentation

    Global API Management, By Component Outlook (USD Billion, 2018-2030)

    • Solutions

      • API Platform
      • API ANalytics
      • API Security

    • Services

      • Integration & Implementation
      • Consulting
      • Support & Maintenance
      • Training & Education

    Global API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

    • On-premises
    • Cloud

    Global API Management, By Organization Size Outlook (USD Billion, 2018-2030)

    • SMEs
    • Large Enterprises

    Global API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

    • BSFI
    • IT & Communication
    • Retail
    • Manufacturing
    • Government
    • Healthcare
    • Others

    Global API Management Regional Outlook (USD Billion, 2018-2030)

    • North America Outlook (USD Billion, 2018-2030)

    • North America API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform
        • API ANalytics
        • API Security

      • Services

        • Integration & Implementation
        • Consulting
        • Support & Maintenance
        • Training & Education

    • North America API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises
      • Cloud

    • North America API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs
      • Large Enterprises

    • North America API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI
      • IT & Communication
      • Retail
      • Manufacturing
      • Government
      • Healthcare
      • Others

     

     

      • US Outlook (USD Billion, 2018-2030)

      • US API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • US API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • US API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • US API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

      • Canada Outlook (USD Billion, 2018-2030)

      • Canada API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • Canada API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • Canada API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • Canada API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • Mexico Outlook (USD Billion, 2018-2030)

      • Mexico API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • Mexico API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • Mexico API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • Mexico API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

     

    • Europe Outlook (USD Billion, 2018-2030)

    • Europe API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform
        • API ANalytics
        • API Security

      • Services

        • Integration & Implementation
        • Consulting
        • Support & Maintenance
        • Training & Education

    • Europe API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises
      • Cloud

    • Europe API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs
      • Large Enterprises

    • Europe API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI
      • IT & Communication
      • Retail
      • Manufacturing
      • Government
      • Healthcare
      • Others

     

      • Germany Outlook (USD Billion, 2018-2030)

      • Germany API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • Germany API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • Germany API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • Germany API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • France Outlook (USD Billion, 2018-2030)

      • France API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • France API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • France API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • France API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • UK Outlook (USD Billion, 2018-2030)

      • UK API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • UK API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • UK API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • UK API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • Rest of Europe Outlook (USD Billion, 2018-2030)

      • Rest of Europe API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • Rest of Europe API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • Rest of Europe API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • Rest of Europe API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

    • Asia-Pacific Outlook (USD Billion, 2018-2030)

    • Asia-Pacific API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform
        • API ANalytics
        • API Security

      • Services

        • Integration & Implementation
        • Consulting
        • Support & Maintenance
        • Training & Education

    • Asia-Pacific API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises
      • Cloud

    • Asia-Pacific API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs
      • Large Enterprises

    • Asia-Pacific API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI
      • IT & Communication
      • Retail
      • Manufacturing
      • Government
      • Healthcare
      • Others

     

      • China Outlook (USD Billion, 2018-2030)

      • China API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • China API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • China API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • China API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • India Outlook (USD Billion, 2018-2030)

      • India API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • India API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • India API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • India API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • Japan Outlook (USD Billion, 2018-2030)

      • Japan API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • Japan API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • Japan API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • Japan API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)

      • Rest of Asia-Pacific API Management, By Component Outlook (USD Billion, 2018-2030)

        • Solutions

          • API Platform
          • API ANalytics
          • API Security

        • Services

          • Integration & Implementation
          • Consulting
          • Support & Maintenance
          • Training & Education

      • Rest of Asia-Pacific API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

        • On-premises
        • Cloud

      • Rest of Asia-Pacific API Management, By Organization Size Outlook (USD Billion, 2018-2030)

        • SMEs
        • Large Enterprises

      • Rest of Asia-Pacific API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

        • BSFI
        • IT & Communication
        • Retail
        • Manufacturing
        • Government
        • Healthcare
        • Others

     

    • Middle East & Africa Outlook (USD Billion, 2018-2030)

    • Middle East & Africa API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform
        • API ANalytics
        • API Security

      • Services

        • Integration & Implementation
        • Consulting
        • Support & Maintenance
        • Training & Education

    • Middle East & Africa API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises
      • Cloud

    • Middle East & Africa API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs
      • Large Enterprises

    • Middle East & Africa API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI
      • IT & Communication
      • Retail
      • Manufacturing
      • Government
      • Healthcare
      • Others

     

    • South America Outlook (USD Billion, 2018-2030)

    • South America API Management, By Component Outlook (USD Billion, 2018-2030)

      • Solutions

        • API Platform
        • API ANalytics
        • API Security

      • Services

        • Integration & Implementation
        • Consulting
        • Support & Maintenance
        • Training & Education

    • South America API Management, By Deployment Type Outlook (USD Billion, 2018-2030)

      • On-premises
      • Cloud

    • South America API Management, By Organization Size Outlook (USD Billion, 2018-2030)

      • SMEs
      • Large Enterprises

    • South America API Management, By Industry Verticals Outlook (USD Billion, 2018-2030)

      • BSFI
      • IT & Communication
      • Retail
      • Manufacturing
      • Government
      • Healthcare
      • Others
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