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API Security Trends and Forecast
The future of the global API security market looks promising with opportunities in the BFSI, IT and ITes, telecom, government, manufacturing, healthcare, retail and ecommerce, media & entertainment, and energy & utility sectors. The global API security market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 18.7% from 2024 to 2030. The major drivers for this market are growing number of cyber-attacks on sensitive information, increasing preference for secure public & private API, and rapid digitalization among industries.
A more than 150-page report is developed to help in your business decisions.
API Security by Segment
The study includes a forecast for the global API security by type, deployment mode, organization size, end use industry, and region.
API Security Market by Type [Shipment Analysis by Value from 2018 to 2030]:
API Security Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:
API Security Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
API Security Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
API Security Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of API Security Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies API security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the API security companies profiled in this report include-
API Security Market Insights
Lucintel forecasts that cloud is expected to witness highest growth over the forecast period due to its scalability, cost effectiveness, and easy to use.
North America is expected to witness highest growth over the forecast period due to existence of tech savvy population, rapid technological advancement in cloud-based testing field, and presence of key players in the region.
Features of the Global API Security Market
Market Size Estimates: API security market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: API security market size by various segments, such as by type, deployment mode, organization size, end use industry and region in terms of ($B).
Regional Analysis: API security market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, deployment modes, organization sizes, end use industries, and region.s for the API security market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the API security market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the API security market size?
Answer: The global API security market is expected to reach an estimated $2.7 billion by 2030.
Q.2. What is the growth forecast for API security market?
Answer: The global API security market is expected to grow with a cagr of 18.7% from 2024 to 2030.
Q.3. What are the major drivers influencing the growth of the API security market?
Answer: The major drivers for this market are growing number of cyber-attacks on sensitive information, increasing preference for secure public & private API, and rapid digitalization among industries.
Q.4. What are the major segments for API security market?
Answer: The future of the global API security market looks promising with opportunities in the BFSI, IT and ITes, telecom, government, manufacturing, healthcare, retail and ecommerce, media & entertainment, and energy & utility sectors.
Q.5. Who are the key API security market companies?
Answer: Some of the key API security companies are as follows:
Q.6. Which API security market segment will be the largest in future?
Answer: Lucintel forecasts that cloud is expected to witness highest growth over the forecast period due to its scalability, cost effectiveness, and easy to use.
Q.7. In API security market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to existence of tech savvy population, rapid technological advancement in cloud-based testing field, and presence of key players in the region.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.