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API management market to register a promising CAGR of 34.44% till 2021

IT Market Research

The API management market is expected to grow from USD 606.8 Million in 2016 to USD 2,665.3 Million by 2021, at a high Compound Annual Growth Rate (CAGR) of 34.44% during the forecast period.

Due to the growing web APIs, organizations are increasingly requiring API management solutions.

API management solutions can be deployed for both on-premises and cloud-based infrastructures. The enterprises are in continuous need of consumable APIs that can securely transform back-end capabilities, further driving the demand for efficient API management solutions.