Intelligent API Security Market: Current Analysis and Forecast (2023-2030)
Emphasis On Offering (Platforms, Solutions, And Services); Deployment (On-Premises, Hybrid, And Cloud-Based); Industry (IT, Healthcare, BFSI, Retail, Government, And Others) And Region/Country.
The Intelligent API Security Market was valued at 10.4 billion in 2022 and is expected to grow at a steady rate of around 26.8% in the forecasted period (2023-2030) owing to the proliferation of cloud-based services, the adoption of microservices architecture, and the increase in cyberattacks targeting APIs. Moreover, with the rise of cloud computing, mobile applications, and IoT devices, there has been a surge in the usage of APIs that facilitate communication between these systems. This increased dependency on APIs has made them lucrative targets for hackers and malicious actors. To ensure data protection and maintain system integrity, robust API security solutions are becoming essential and thereby adding value to the market.
Some of the major players operating in the market include Fortinet Inc.; Google LLC; IBM Corp.; Imperva Inc.; Microsoft Corp.; Oracle Corp.; Synopsys Inc.; Tenable Inc.; Verizon Communications Inc.; VMware Inc.
Insights Presented in the Report
“Among offering, the platforms segment leads the market during forecast period.”
Based on offering, the market is categorized into platforms, solutions, and services. Among these, the platforms segment currently leads the market in terms of revenue share due to its wide applicability and effectiveness in providing a comprehensive solution for API security management. Moreover, the increasing demand for centralized management of API security further contributes to the dominance of this segment in the overall market.
“Amongst deployment, cloud-based segment is holding the major share during the forecast period.”
Based on the deployment, the market is segmented into on-premises, hybrid, and cloud-based. Among these, the cloud-based segment is currently leading the market. As cloud-based solutions provide greater scalability and flexibility compared to on-premises deployments, allowing companies to adjust resources according to changing requirements without making large upfront investments in hardware and infrastructure.
“North America to hold a significant share in the market.”
The demand and growth of the Intelligent API Security Market in North America have been significant due to several key factors, including early technology adoption, increasing cybersecurity concerns, and presence of major players in the region. North America has long been a hub for innovation and technological advancement, leading to high rates of digital transformation across various industries. This rapid digitization has increased reliance on APIs for interconnectivity and communication among applications, devices, and platforms, which has consequently fueled the demand for intelligent API security solutions. Additionally, North American businesses are more proactive in adopting new technologies, making them early adopters of advanced API security products and services.
Intelligent API Security Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Intelligent API Security market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Intelligent API Security Market Analysis
(2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Intelligent API Security market were the three major steps undertaken to create and analyze the adoption of Intelligent API Security market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Intelligent API Security market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Intelligent API Security market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Intelligent API Security market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as offering, deployment, and industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Intelligent API Security market. Further, we conducted factor analysis using dependent and independent variables such as various offering, deployment, and industry Intelligent API Security market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Intelligent API Security market sector across the globe.
Current Market Size Estimate & Forecast
Current market sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Intelligent API Security market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Intelligent API Security market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Intelligent API Security market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Intelligent API Security market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of offering, deployment, and industry in the global Intelligent API Security market.
The main objective of the Global Intelligent API Security Market Study
The current & future market trends of the global Intelligent API Security market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Intelligent API Security market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of offering, deployment, and industry.
- Define and analysis of the regulatory framework for the Intelligent API Security market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Intelligent API Security market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profile of the Intelligent API Security market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the global Intelligent API Security market?
Q2: What are the driving factors for the growth of the global Intelligent API Security market?
Q3: Which segment has the largest share of the global Intelligent API Security market by industry?
Q4: Which region will dominate the global Intelligent API Security Market?
Q5: Who are the key players operating in the global Intelligent API Security Market?
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