Blockchain Press Releases
USD 47 billion Growth in API Management Market Size – Industry Analysis, Market Trends, Market Growth, Opportunities
NEW YORK, July 19, 2023 /PRNewswire/ — According to Facts and Factors, the global API Management market size was worth around USD 5.4 billion in 2021 and is predicted to grow to around USD 47 billion by 2030 with a compound annual growth rate (CAGR) of roughly 31.1% during the forecast period (2023- 2030).
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API Management Market: Overview
API management revolves around designing followed by publishing and documenting the aspects of the Application programming interface (API). Another critical part of API management is the analysis of API systems in a safe and secure environment. By deploying a concrete and functioning API management system, businesses can ensure that the internal and public APIs created by them for the live market are secure and consumable by the end-users. These solutions encompass multiple facets and features.
However, in the majority of cases, API management tools include tasks like API design where the solution is responsible for providing its users, including partners and developers, with the ability that allows them with the designing, publish, and deployment of APIs along with documentation, descriptions, security policies runtime capabilities, usage limits, and other important or relevant information. Furthermore, the API gateway is another essential feature of modern-age API management systems. This acts as a gatekeeper from all the other application programming interfaces.
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- Includes an Updated List of tables & figures
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- Facts and Factors Methodology
Key Industry Insights & Findings of the API Management Market Reports:
- As per the analysis, the API Management market share is likely to grow above a CAGR of around 31.1% between 2023 and 2030.
- The API Management market size was worth around USD 5.4 billion in 2021 and is estimated to hit approximately USD 47 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The market is projected to grow at a significant rate due to the growing investments by businesses to integrate information technology (IT) setup
- Based on deployment segmentation, on-premises was predicted to show maximum market share in the year 2021
- Based on end-user segmentation, banking & financial institutes were the leading users in 2021
- On the basis of region, North America was the leading revenue generator in 2021
Facts and Factors published the latest report titled “API Management Market Size, Share, Growth Analysis Report By Deployment (Cloud and On-Premises), By Component (Services and Solutions), By End-User (Retail, Banking & Financial Institutes, Consumer Goods, and Others), By Organization Type (Small & Medium Enterprises and Large Enterprises), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” into their research database.
API Management Market: Growth Drivers
The global API management market is projected to benefit from the growing trend observed in businesses that tend to incorporate data-driven decision-making for operational purposes. Information technology (IT) has allowed businesses to analyse records and predict future trends making them less vulnerable to business environment changes. API and its management tools make use of advanced systems and technologies to help companies understand consumer expectations and deliver as per the requirement. They contribute to making smart and informed decisions by using data-first monitoring techniques making certain that the data remains uncompromised and safe for further use. The system security provided by API management tools is high and companies are investing in resources that can help them maintain privacy and data security.
Additionally, the global market is projected to benefit from the rising e-commerce industry which is currently one of the largest consumers of API management programs. They require these tools to maintain the high requirement of agility in the business along with data security and workflow automation. Since API programs can help businesses make better use of operation time while also reducing unnecessary expenses, they are projected to create a stronghold in the end-user segment during the forecast period.
API Management Market: Restraints
One of the key growth restrictions that the API management industry players may face would be in terms of the lack of availability of adequate skilled professionals that can meet the growing performance expectations in the segment. This is especially applicable to underdeveloped economies that do not have the necessary and supportive infrastructure to train such skills further discouraged by the lack of knowledge amongst students about the growing applications or API management and its importance.
The research toward the development of accommodative programs may provide growth opportunities whereas navigating through multi-cloud management programs could act as a major challenge.
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Global API Management Market: Segmental Overview
The global API management market is segmented based on deployment, component, end-user, organization type, and region
Based on deployment, the global market is divided into cloud and on-premises
- The on-premises segment is expected to generate the highest revenue during the forecast period since it is the most preferred way in terms of large-scale deployments
- On-premises systems allow better accessibility to the clients since systems are located at the consumer’s site. They also offer higher control over the programs as compared to cloud-based services
- Companies operating in the banking or financing businesses prefer to use on-premise tools and programs
- In the last decade, Bank of America has consistently spent over USD 3 billion on new technology-oriented initiatives
Based on component, the global market is segmented into services and solutions
- In 2021, the API management industry registered the highest growth in the solutions segment and is anticipated to continue the same trend during the forecast period
- The growth is propelled by the rise in the number of high-technology applications along with the growing integration of internet of things (IoT) technologies
- Under such situations, businesses are required to ensure that more data passes through API systems for providing an enhanced external and internal customer experience
- The expense of using IBM API connect starts at around USD 100 per month
Based on end-user, the API management industry is divided into retail, banking & financial institutes, consumer goods, and others. By organization type, the market is divided into small & medium enterprises and large enterprises
Recent Developments:
- In April 2021, Google announced the launch of Apigee X. The newly launched product is the next-generation version of the Apigee API management platform which the company acquired in 2016. The company stated that the platform is responsible for handling more than 2.2 API calls annually
- In December 2021, Mulesoft, the world’s leading provider of integration and API platform, registered the launch of a new universal API management capacities that can manage and secure all APIs from any place in the world
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Competitive Players
The report contains qualitative and quantitative research on the global API Management Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global API Management market include;
- IBM
- Microsoft
- Software AG
- Oracle Corporation
- Broadcom Inc.
- Red Hat
- TIBCO Software
- Kong Inc.
- Akana Inc.
- Cloud Elements Inc.
- CA Technologies Inc.
- Mashape Inc.
- Hewlett-Packard Enterprises Co.
- SAP SE
- Mulesoft Inc.
- WSO2
- Akamai Technologies
- Kony, and others
Key questions answered in this report:
- What is the growth rate forecast and market size for API Management Market?
- What are the key driving factors propelling the API Management Market forward?
- What are the most important companies in the API Management Market Industry?
- What segments does the API Management Market cover?
- How can I receive a free copy of the API Management Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2021 |
USD 5.4 Billion |
|
Market Forecast in 2030 |
USD 47 Billion |
|
Growth Rate |
CAGR of 31.1% |
|
Base Year |
2021 |
|
Forecast Years |
2023- 2030 |
|
Key Companies Covered |
IBM, Google, Microsoft, Software AG, Oracle Corporation, Broadcom Inc., Red Hat, TIBCO software, Kong Inc., Akana Inc., Cloud Elements Inc., CA Technologies Inc., Mashape Inc., Hewlett-Packard Enterprises Co., SAP SE, Mulesoft Inc., WSO2, Akamai Technologies, Kony, Axeway, Broadcom company, Sensedia, Rogue Wave Software, Tyk Technologies, Torry Harris Business Solutions, Dell Boomi, Osaango, Postman, Amazon Web Services., and others. |
|
Segments Covered |
By Deployment, Component, End-User, Organization Type, and Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Regional Overview:
The global API management market is projected to witness the highest growth in North America owing to the large-scale adoption of these systems across industries in the countries of the US and Canada. The highly developed IT infrastructure of these regions allows them to stay ahead in the game as they create a supportive environment for further research and development. Growth in Europe may be driven by the increasing rate of commercialization and growing technology adoption amongst businesses.
Asia-Pacific is anticipated to emerge as a lucrative market as the countries like India and China are making constant technological advancements and are likely to become the next IT hub worldwide. India is registering a high influx of foreign player entries while at the same time witnessing a growth in the number of local players.
Global API Management Market is segmented as follows:
By Deployment
- Cloud
- On-Premises
By Component
- Services
- Solutions
By End-User
- Retail
- Banking & Financial Institutes
- Consumer Goods
- Others
By Organization Type
- Small & Medium Enterprises
- Large Enterprises
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Browse Through Facts and Factors Coverage of the Global IT Industry
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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