Forecast Report

Sizing The Market For API Management Solutions

US Firms Will More Than Quadruple Their Spending To Support Integration Of Customer Engagement Software

April 2nd, 2015
With contributors:
Christopher Mines , Nate Fleming

Summary

Today's customer-centric, software-powered businesses thrive on connectivity, and connectivity thrives on application programming interfaces (APIs). Mobile apps for customer engagement need APIs to link to enterprise data and transactions. Across a firm's customer experience ecosystem, APIs allow a combination of internal and third-party players to deliver seamless customer value. Whether the need is process optimization, new revenue streams, Internet of Things (IoT), predictive analytics, or something else, APIs facilitate exchange of diverse information and business process flows within and between organizations. API management solutions have emerged to help organizations implement, secure, and manage their growing use of APIs. This report summarizes the key factors contributing to growth in the US API management solutions market, which we expect to triple in annual spending by the end of the decade.

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