Home > Media & Technology > Security and Surveillance > IT Security > Application Programming Interface (API) Security Market

Application Programming Interface (API) Security Market Trends

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

Download Free Sample

Application Programming Interface Security Market Trends

A noticeable rise in API-based applications will play a key role in defining the API security industry outlook through 2032. Many modern applications are built using microservices architecture and rely heavily on APIs for seamless communication and integration. Checkmarx API Security, a shift-left API security solution, was launched in August 2022. It helps developers find and fix API security vulnerabilities early in the development cycle. The growth of such API-based applications necessitates comprehensive security measures to protect sensitive data and prevent breaches, thus, supporting market growth.

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.