Global API Management Market Size Likely to Grow at a CAGR of 26.5% By 2034

As per the API Management Market size analysis conducted by CMI Team, the global API Management market is expected to record a CAGR of 26.5% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 7.1 Billion. By 2034, the valuation is anticipated to reach USD 58.7 Billion.

Overview

According to industry experts at CMI, API Management (APIM) is the process of creating, publishing, protecting, keeping an eye on, and analyzing application programming interfaces (APIs) in a controlled and scalable setting. It gives businesses the tools and frameworks they need to make their services, data, or functionality available through APIs while keeping security, performance, and governance in mind. Companies in all fields are going digital, which means that systems need to work together smoothly. APIs are what make that happen. With the rise of cloud infrastructure, there is a greater demand for API management systems that can grow and change as needed. But difficult integration with old systems is a big problem for the growth of the sector.

Key Trends & Drivers

• Rising demand for API standardization: The IT sector has developed faster than ever before because of how quickly technology and globalization are changing. Sadly, this rapid growth has caused a lot of problems with uniformity. API standardization is very important because it makes it possible to set up and apply a global style of governance and elements for all APIs in an organization. Businesses now need to get a standard structure that fits their business model. This has made many want API systems to be more standardized. Standardization leads to effective designs that connect with clients in a way that is simple to use. It also makes sure of quality and lowers uncertainty, which encourages networks to work together more. The set of standards does away with the need for a learning curve and lowers the overall cost of product development. So, it is expected that stricter laws and standards would lead to more growth in the industry in the next years.

• Surge in mobile & web app: API Management is developing quickly since mobile and web apps are growing so quickly. Mobile and web apps are front-end gateways that use APIs to get to services like processing payments, verifying users, sharing data, and more. These APIs are safe, fast, and follow the regulations thanks to API management tools. Over 60% of all web traffic now comes from mobile devices, thanks to the surge in mobile traffic. APIs need appropriate throttling, caching, rate-limiting, and monitoring to handle peak traffic and give users a smooth experience.

Report Scope

SWOT Analysis

• Strengths: API management systems have become more significant as APIs have become more important in enterprise architectures. This has made it necessary to come up with fresh ideas and robust lifecycle tools.

• Weakness: API exposes can be ways for cyber dangers to get in. It’s important yet hard to make sure there is good protection and follow the rules.

• Opportunities: Small and medium-sized businesses (SMEs) are quickly adopting API management due to pay-as-you-go and SaaS models. This helps the market grow from a wider base.

• Threats: Buyers have a lot of ability to negotiate because there are a lot of well-known companies and new ones. Competition is pushing prices and features to grow quickly. Thus, the increasing competition in the market posing a major threat for market expansion.

List of the prominent players in the API Management Market:

• SAP SE
• Amazon.com Inc.
• Axway Software SA
• Postman Inc.
• Broadcom Inc.
• Google LLC
• International Business Machines Corp.
• Kong Inc
• Microsoft Corp.
• Oracle Corp.
• Boomi LP
• Salesforce Inc.
• Akamai Technologies Inc.
• Sensedia SA
• Software GmbH
• Others

The API Management Market is segmented as follows:

By Component

• Solution
• Services

By Deployment Type

• Cloud-based
• On-premises

By Organization Size

• Large Enterprises
• Small and Medium-sized Enterprises

By Industry Vertical

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Travel and Transportation
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America