API Management is the process of managing API’s throughout their lifecycle where these API’s are released in a scalable and secured environment. API lifecycle involves four stages: designing, publishing, documenting and analyzing. API management includes an entire gamut of solutions consisting of API portal, API gateway, API analytics, administration, security, and monetization. API management ensures the organization that the API they create, including Internal APIs, Public APIs, and Partner APIs, are secure and consumable.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally under the API Management Software category. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product under API Management Software category.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.
With an exponential increase in the number of apps and smart devices required in the digital world, businesses need to expose more data through APIs so that they can provide rich, personalized app experiences both for internal users, customers, and partners. APIs foster innovation and enable businesses to bring new products and services to the market. It is important to have an established process for publishing, promoting, and governing APIs in a secure and scalable environment. Hence, organizations across all industries need a robust lifecycle API management solution that helps them to measure the performance of their API-driven businesses. API management market has been broken down into API platform, API analytics, and API security. Increased reliance on applications and mobility has revealed the importance of APIs. To move data and associated application on the cloud, organizations need a platform which helps them integrate the different legacy system and its components as well as with mobile devices and browsers. API platform includes a collection of tools geared to cater to specific requirements of businesses. It acts as a centralized place that helps its enterprise users create, distribute, manage, monitor, control, and monetize APIs. API analytics provides critical insights into API usage. The analytics track key metrics such as the demand by region, performance against Service Level Agreement (SLA), and API usage. API analytics also allows the user to specify customized metrics and methods to track the endpoints. Furthermore, analytics generates custom charts and displays that aid in identifying trends. These insights can be used by the API publishers to identify the traffic patterns and optimize their API infrastructure accordingly.
API Management Software Quadrant
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- Tailored offering to End Users
- Implementation Use Cases for your products/solutions
- Product Upgradation to support growing business need
- Support Services
- Technical Support
- Customer Support
- Post Sales Support
- Pre-sales support offered
- Software Requirement Specification (SRS)
- Product Demos
- Proof of Concept
- Dedicated Account Manager (DAM)
- Feature and Functionality
- Types of API management offered
- API Portal
- API Gateway
- Solutions offered
- Services offered
- Integration and Implementation
- Support and Maintenance
- Training and Education
- Deployment model
- Delivery model
- Through Partners / Third-Party Vendors / MSSPs