The base year considered for the study is 2016 and the forecast period is 2017-2022. Although this niche is relatively young, startups have raised hundreds of millions, and a couple has reached unicorn status. The Global API Management Market size is expected to reach $6.2 billion by 2024, rising at a market growth of 28.4% CAGR during the forecast period. Gartner predicts API violence. Security concerns associated with API might impede the market growth of API management for a fixed period. * APIs allow millions of connected devices to talk to backend servers, access data and communicate with partners, customers and employees. The easy integration of API security scanning early in the software development life cycle is a unique position that GitLab has in the API Security market. The Indian pharmaceutical market has increased by 7.4 % and reached around $19.0 billion in 2017 and expected to reach nearly $29.0 billion in 2022. 1 in the SIEM market with 29% market share. Enterprises need to create an industry vision for digital business. Akamai Technologies, Inc. (NASDAQ: AKAM), the world's most trusted solution for protecting and delivering digital experiences, has been recognized by Gartner as a Leader in the 2021 Magic Quadrant. This year's Gartner Market Share: All Software Markets, Worldwide 2020 report places Splunk as No. The global API Management market accounted for USD 2493.9 Million in 2020 and is expected to reach USD 6263.0 Million by 2028, growing at a CAGR of 11.3% from 2021 to 2028. Gartner predicts that by 2022, API abuses will be the most-frequent attack vector resulting in data breaches for enterprise web applications. January is the time of predictions for the year ahead. 2021 Gartner Magic Quadrant for Full Life Cycle API Management. The right API management platform can help you get the most value from your data, whether you're looking to accelerate innovation, improve efficiency or open new revenue channels. All rights . The global application security market size was valued at $5,973.00 million in 2020, and is projected to reach $33,941.00 million by 2030, registering a CAGR of 18.7%. API Security Market Size And Forecast. Application leaders can use this research to learn instead how to leverage technologies such as OAuth to gain business advantage from APIs. APIs vendors are praised for ease of "evaluating and deploying" while improving" detection accuracy." As the report notes, by 2025, 20% of anti-phishing solutions will be delivered via API, up from 5% today. Mergers and acquisitions are taking place in order to pursue global projects Integrating other tools at this stage of the SDLC is typically difficult, at best. The Indian API market is segmented on the basis of type, type of synthesis, manufacturer type, therapeutics, and region. Too many organizations see API management, and API security in particular, in purely defensive terms. In the most recent quarter of 2021 alone, Wallarm analyzed more than 44 trillion application and API requests. Weak API security can result in painful, damaging consequences . This means that we can provide API security scan results for every single commit. Worldwide spending on information security and risk management technology and services is forecast to grow 12.4% to reach $150.4 billion in 2021, according to the latest forecast from Gartner, Inc. Security and risk management spending grew 6.4% in 2020. In 2018, Kong was first positioned onto the Gartner Magic Quadrant for Full Lifecycle API Management Market as a Visionary. CSPM stands for Cloud Security Posture Management, an IT security tool that offers real-time visibility, aids in monitoring existing resources, enables team members to discover misconfiguration issues and compliance risks in the cloud. CISOMAG has published "5 Threat Predictions for 2020" by Raj Samani, Chief Scientist and McAfee Fellow at McAfee. Built to scale, Wallarm API Security Platform is used to protect the world's largest APIs against emerging attacks, such as OWASP Top 10 threats, API abuse, account takeover, bad bots, and more. 3scale is best for its developer portal. Gartner published the 2021 Magic Quadrant for Web Application and API Protection and, despite the new name and expanded scope, Imperva has been named a Leader and rated highest for Completeness of Vision consistently throughout. As you might expect, this has led to some consolidations, as the bigger SOA governance vendors buy out smaller API management vendors. Organizations use API protection tools to prevent malicious attacks or misuse of application program interfaces (API). ThreatX has been named in the 2022 Magic Quadrant for Cloud Web Application and API Protection for the second consecutive year. Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner . On the curve, private APIs are deemed established as a model for business process improvement and innovation, which in turn affects the rest of the predictions and insights that Gartner makes. Gartner predicts that by 2022, application programming interface (API) attacks will become the most-frequent attack vector, causing data breaches for enterprise web applications. However, system integrators and SOA and PaaS integrations are . Gartner analysts said the strong growth rate reflects continuing demand for remote worker . Gartner lists four big acquisitions since the last edition of this report in 2011: Axway acquired . With effective security awareness programs, organizations can mitigate people-centric threats. In a new market guide, Gartner highlighted the importance of capabilities that Avanan and other API vendors leverage in email security. Market Overview: The global network security market size reached US$ 25.14 Billion in 2021. DOWNLOAD PDF. . With the development in API economy, data and services can be easily accessed. [124 Pages Report] The global API testing market size is expected to grow from USD 384.3 Million in 2016 to USD 1,099.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.69% from 2017 to 2022. Gartner defines the application security testing (AST) market as the buyers and sellers of products and services designed to analyze and test applications for security vulnerabilities. Proofpoint's Security Awareness Training is empowering thousands of organizations . GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. In total, the application service governance market was valued at around $474 million last year, Gartner states. We're excited to share that Gartner has recognized Google Cloud's Apigee as a Leader in the 2021 Magic Quadrant for Full Life Cycle API Management, marking the sixth time in a row we've earned this recognition.We believe this achievement is a testimony to Google Cloud's differentiated vision for API management and strong track record of delivering continuous product innovation. Application security is the process of securing applications by finding, fixing, and enhancing the security of apps. [215 Pages Report] The API management market size is expected to grow from USD 4.5 billion in 2022 to USD 13.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period. Salt customer data shows the average number of APIs per customer grew 82% over last year, up from 89 in July 2021 to more than 162 in July 2022. The global cyber security market size was valued at $197.36 billion in 2020, and is projected to reach $478.68 billion by 2030, growing at a CAGR of 9.5% from 2021 to 2030. The API market is increasingly a global business integrated in the supply chain of pharmaceuticals, in which APIs constitute the most important components in terms of clinical efficacy and value. 2022 to 2030. Central to full life cycle API management offerings' capabilities is support in the following functional areas: Developer portals: A self-service catalog of APIs for enabling, marketing to, and governing ecosystems of developers who produce and consume APIs. Cloud WAAPs are cloud-delivered services that primarily protect public-facing web applications and . DOWNLOAD PDF. Application security has become a necessity with an increasing number of companies looking to develop their own apps, in addition to purchasing a record number of . Gartner cites the following as being the most important capabilities and features associated with API testing and service virtualization tools: "Seamless integration between service virtualization solution and the service/API testing tool. Already, many well-publicized API security vulnerabilities affected a wide range of organizations. Similar change in application security has now been defined by an annual report with a new name. pure-play is a company focused on API security. Kong Named a Leader in the 2020 Gartner Magic Quadrant for Full Lifecycle API Management. Gartner estimates that API attacks will soon become . Summary. In this report, you'll find insights from Gartner into why single-vendor SASE delivers converged network and security capabilities connecting and securing distributed users, devices, and locations to resources in the cloud, edge, and on-premises. 4 August 2022. The startup API security market is coming into its own. Welcome to the API Economy. During the same period, overall API traffic per customer grew 168%, indicating that API usage is also exploding. 6 GLOBAL API SECURITY MARKET, BY ORGANIZATION SIZE 6.1 Overview 6.2 Small enterprises 6.3 Medium enterprises 6.4 Large enterprises 7 GLOBAL API SECURITY MARKET, BY INDUSTRIES 7.1 Overview 7.2 BFSI 7.3 IT & Telecom 7.4 Government 7.5 Healthcare and life sciences 7.6 Retail and consumer goods 7.7 Others 8 GLOBAL API SECURITY MARKET, BY GEOGRAPHY . The Application Security Market was valued at USD 6.38 billion in 2020 and is expected to reach USD 15.76 billion by 2026, at a CAGR of 16.4% over the forecast period 2021 - 2026. API breaches are continuing to occur frequently. The report analyzes and forecasts API management market on a global and regional level. API Security Gartner - By 2022, Gartner estimates that the most popular attack vector will be spear phishing, resulting in violations of company web applications. Cloud web application and API protection platforms (WAAPs) mitigate a broad range of runtime attacks, notably the Open Web Application Security Project (OWASP) top 10 for web application threats, automated threats and specialized attacks on APIs. Apigee has the best monetization tools. The API Protection Tools enables breach detection and . On the basis of type, the market is divided into a generic API and branded API. PALO ALTO, Calif. - February 10, 2022 - Salt Security, the leading API security company, today announced that it raised $140 million in Series D funding, led by CapitalG, Alphabet's independent growth fund, with participation from all existing investors. Last year's infamous Gartner Hype Cycle for API-driven architecture attempts to map out the the direction the API economy is heading. This is the third year in a row Splunk was named the leader in this segment. This report follows the release of the 2020 Gartner . API Security Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. Here's how email security from Proofpoint lets customers have their cakeand eat it, too. The objectives of the report are to . From an analyst perspective, Gartner couples web application security and API protection into WAAP, where Akamai . Personalize your research by company size, industry or region. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Major factors . While there was a slight decline in its market share from 32.4% in 2019, its revenue grew by 28% year-on-year in 2020. API security is an important aspect of web application security. Gartner estimates that the entire security market grew 10% year-over-year to $49.7B billion, with the SIEM market consisting . The pain of protecting APIs against . API gateways: Runtime management, security and usage monitoring for APIs. The market comprises tools offering core testing capabilities e.g., static, dynamic and interactive testing; software composition analysis (SCA); and various . See how the recognized platforms compare in the 2021 Gartner Magic Quadrant for Full Life . It entails safeguarding software, data . Safeguarding devices connected to the internet that protect from various threats in the cyberspace are referred to as cyber security. Gartner has released their latest report on API security: "API Security: What You Need to Do to Protect Your APIs" by Dionisio Zumerle, Jeremy D'Hoinne, and Mark O'Neill. Last week, Gartner published the 2021 edition of its Market Guide for SaaS Management Platforms (SMPs). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well . This in itself was a very impressive feat given that Kong was started as an open source project just three years before that. stage 4 predator 212. The Market Guide defines email security market challenges, outlines categories and Representative Vendors, and provides . Kong is an open source API management platform. An eff +1(646) 600-5072. . However, next month Gartner will be hosting a webinar on API security, by O'Neill and Zumerle, available to anyone (free registration is still required): API Security: Protect your APIs from Attacks and Data Breaches July 15, 2021 8:00 a.m. PDT API security has become a key part of WAAP evaluations, Gartner has found, with WAAP providers competing against more specialized API threat protection vendors. Investment cements Salt Security as the leader in API security and supercharges its growth to drive global innovation in API security. More vendors have introduced decent . See More: Azure's Skyrocketing Growth Drives Record Revenue for Microsoft Meanwhile, global cloud spending has been significant, reaching $39.9 billion in Q4 last year - up to $10 billion year-on-year. Low security in the API can lead to painful and damaging effects . Gartner defines WAAP (Web Application and API Protection) as the evolution of the web application firewall market (WAF), expanding WAF capabilities to four core features: WAF, DDoS protection, bot management and API protection. These "Gartner Predicts" reports, released every year, address the technologies analysts see as a critical priority, sharing top-level guidance on how to approach the latest challenges in that particular space. The API, in general, includes several protocols, tools, and subroutines that can be used to develop . That's what Gartner explores in its recently published 2021 Market Guide for Email Security report. The global API Management will grow at a CAGR of 29% with market size of around USD 21.68 billion by 2028. . * Gartner, API Security: What You Need to Do to Protect Your APIs, 2021, Mark O'Neill, Dionisio Zumerle, Jeremy D'Hoinne, Refreshed 01 March 2021, Published 28 August 2019. The rising number of cyber-attacks on sensitive information and government strict rules to avoid . The digital revolution and the need to understand customers are increasing which in turn . . GC Security is present in 1 market with 1 product. . Attack activity continues to keep pace with this dramatic API usage growth and now . Companies are increasing their size to face global competition. The worldwide API Security market is expected to grow at a booming CAGR of 2022-2030, rising from USD billion in 2021 to USD billion in 2030. In this year's report, Google (Apigee) is placed highest among all the vendors for the ability to execute. The global mobile security market size was valued at USD 19.83 Billion in 2019, and is projected to reach USD 122.89 Billion by 2027, growing at a CAGR of 25.8% from 2020 to 2027. The Investor Relations website contains information about Akamai Technologies Inc.'s business for stockholders, potential investors, and financial analysts. As the Internet of Things (IoT) gets smarter, things using an application programming interface (API) to communicate, transact and even negotiate with one another will become the norm. METHODOLOGY. Looking forward, IMARC Group expects the market to reach US$ 66.2 Billion by 2027, exhibiting a growth rate (CAGR) of 16.10% during 2022-2027. It also shows the Show more View Detail 1 Gartner Market Guide for Operational Technology Security, Katell Thielemann, Wam Voster, Barika Pace, Ruggero Contu. The API security market is expected to grow 26.3% between 2022 and 2032, according to research from Future Market Insights earlier this month. Indusface WAAP is a fully managed solution that protects web applications and APIs seamlessly. View Sample Report. Palo Alto, Calif. - June 2, 2020 - Salt Security, the leading API security company, today announced that it has been named a May 2020 Cool Vendor in API Strategy by Gartner Inc., the world's leading research and advisory company.The report recognizes "three vendors offering innovative solutions that tackle emerging . Analyst Landscape GC Security has 1 review with an overall average rating of 5. . Jan 18, 2022. Contributor: Christy Pettey. In this guide, Gartner provides a comprehensive list of capabilities that security leaders should look for in an email security solution. Broad native support for protocols, technologies and message formats (REST, SOAP, JMS, JSON), security . APIs enable millions of connected devices to communicate with backend servers, gain access to data, and communicate with one another. Dell Boomi is best in integrating cloud applications. He predicts the following trends in cyber security: Broader deepfake capabilities will be available even for attackers with less skills. 2 Gartner, API Security: What You Need to Do to Protect Netskope is the only vendor listed within the Market Guide report that is also a Leader in the . This can be attributed to the increasing number of cyber-attacks or API attacks incidence across the globe. With API proliferation and each API being an additional and potentially unique attack vector, traditional application . API Management Market Size (2022 - 2027) The global application programming interface management (API) market size will grow from US $4.1 billion in 2021 to US $8.41 billion in 2027, recording a CAGR of about 34% during the forecast period. APIs are commonly used as a key to programming web-based interactions enabling access to sensitive software functions and data, thus becoming a primary target for attackers. On October 7 2021, Gartner published their latest 'Market Guide for Email Security', a research document derived from more than 1,400 Gartner client interactions between June 2020 and June 2021 that covers the ongoing evolution of the email security market [1]. This post is also available in: Japanese We are proud and honored to be scored highest in two out of four Use Cases (3.57/5 for API and 3.66/5 for High Security Use Cases) in the latest 2020 Critical Capabilities for Application & API Protection report*, and we believe we are the only vendor to be scored highest in 2 out of 4 use cases.. Opinions: Threat predictions for 2020. Web application and API security is a big and growing concern, and ThreatX delivers an integrated platform that empowers customers to protect APIs and web apps against attacks in real time.. Gartner just released a new report on API Security, Predicts 2022: APIs Demand Improved Security and Management. 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