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Application Programming Interface (API) Security Market Share

Report ID: GMI6454
Published Date: Jul 2024
Report Format: PDF

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Application Programming Interface Security Market Share

Major companies operating in the API security industry are:

Akana
Avanan
Axway Software
Cequence Security
Data Theorem API
Fortinet Inc.
Google LLC
IBM Corporation
Imperva, Inc.
Moesif, Inc.
MuleSoft
Oracle Corporation
Palo Alto Networks Inc.
Salt Security
Software AG
Wallarm

These companies focus on offering innovative API security solutions and services to various industries.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of API security reached USD 1.05 billion in 2023 and is set to observe 29.9% CAGR from 2024 to 2032, attributed to a commendable rise in mobile and IoT adoption.

The BFSI segment held a market share of 20% in 2023, owing to increasing digital transformation, and rising reliance on APIs for seamless digital payments and customer interactions.

North America market held a revenue share of 32% in 2023, due to the region's technological leadership and widespread digital adoption.

Akana, Avanan, Axway Software, Cequence Security, Data Theorem API, Fortinet Inc., Google LLC, IBM Corporation, Imperva, Inc., Moesif, Inc., MuleSoft, Oracle Corporation, Palo Alto Networks Inc., Salt Security, Software AG, and Wallarm.