API management

API management is the process of creating and publishing APIs, enforcing their usage policies, controlling access, nurturing the subscriber community, and collecting and analyzing usage statistics.

Components

While solutions vary, the following functionality is typically found in API management products:

Market size

Gartner estimated API management to be $70 million in 2013 and growing at 40% a year.[1]

According to Forrester Research, in US alone, annual spent on API management was at $140 million in 2014 and expected to grow to $660 million by 2020. By that time, global sales are expected to exceed a billion dollars.[2][3]

Vendors

The wide adoption of APIs led to the emergence of off-the-shelf API management products, open-source projects, and SaaS offerings.

Forrester Research includes the following API management vendors in their reports:[4][5]

References

  1. Lawson, Loraine. "Gartner: SOA Governance and API Management Markets Merging". ITBusinessEdge. QuinStreet Inc. Retrieved 23 September 2016.
  2. Heffner, Randy; Yamnitsky, Michael; Mines, Christopher; Fleming, Nate. "Sizing The Market For API Management Solutions". Forrester Research. Retrieved 23 September 2016.
  3. Yamnitsky, Michael. "The API Management Solutions Market Will Quadruple By 2020 As Business Goes Digital". Forrester. Retrieved 23 September 2016.
  4. Heffner, Randy. "The Forrester Wave™: API Management Solutions, Q4 2016". Forrester Research. Retrieved 14 November 2016.
  5. Babcock, Charles. "Forrester Names Top API Management Vendors" (10 October 2014). InformationWeek. Retrieved 23 September 2016.
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