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API Management Market worth $16.93 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 26, 2024 /PRNewswire/ — The global API Management Market will grow from USD 7.67 billion in 2024 to USD 16.93 billion by 2029 at a compounded annual growth rate (CAGR) of 17.1% during the forecast period, according to a new report by MarketsandMarkets™. API management platforms transform how businesses manage and deploy APIs, making integration more seamless and secure. By providing tools for creating, deploying, and monitoring APIs, these platforms enable organizations to handle their digital assets efficiently. API management integrates various security protocols, analytics, and traffic management technologies to ensure scalability and optimal performance. Additionally, it fosters easier collaboration between internal systems and third-party applications, enhancing agility and allowing companies to adapt smoothly to rapid changes in demand or technology shifts.

Browse in-depth TOC on “API Management Market”

250 – Tables
51 – Figures
270 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

Offering, Platform, Deployment Type, Organization Size, Verticals

Geographies Covered

North America, Europe, Asia Pacific, Middle East Africa, and Latin America

Companies Covered

Some of the significant API Management Market vendors are Google (US), IBM (US), AWS (US), Microsoft (US), MuleSoft (US), Axway (France), Software AG (Germany), WSO2 (US), Broadcom (US), and TIBCO Software (US)

The services segment is expected to capture the highest CAGR during the forecast period by offering.

API management services are crucial in managing the API throughout its lifecycle and guaranteeing that the APIs developed are secure, elastic, and high-performing. Such services are usually comprised of API design and development tools through which organizations can design and build adequate and reliable APIs for use within their business operations. When APIs are deployed, management services offer API gateways that facilitate traffic management distribution of loads and security shields that shield the APIs from potential threats and other risks that may hinder their proper functioning. Security elements are an essential component of the API management services that provide various advanced features such as authorization and authentication mechanisms to protect multiple APIs and their data from unauthorized access, along with encryption to meet regulatory compliances to some extent. Moreover, these services come with features that offer an API’s performance, usage, and possible real-time problems, enabling organizations to manage API strategies efficiently.

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API management services also facilitate developer interaction by having portals containing documentation, testing beds, and support materials for use. This makes it easier to implement API into software and increases the rate of development, thus improving the developer’s experience. Also, these services provide additional features for API monetization and analytics, which help organizations measure usage and apply charging models that will bring revenues.

Based on the platform, the lifecycle management segment is expected to hold the second largest market share during the forecast period.

API lifecycle management is the process of designing, building, deploying, and managing APIs during their entire lifetime. This management guarantees that APIs are properly created, tested, launched, and monitored to fulfill both business and technical requirements. The lifecycle begins with API designing and planning, which defines the API’s goals, functionality, and standards. This step entails developing a blueprint that defines the API’s endpoints, data structures, and interactions.

Following design, the development step involves developing the API, verifying correct integration with backend systems, and meeting performance targets. This is followed by thorough testing to discover and resolve any bugs before the API is released into production. Once the API is live, it moves on to the deployment step.

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North America is projected to hold the largest market share during the forecast period.

North America’s API Management Market is expected to grow significantly in the near future as the region demonstrates constant digitalization prevalence of cloud, microservice, and mobile applications. APIs are used in almost all business sectors, such as banking, healthcare, retail, and telecommunication, to support business functions, improve the customer experience, and integrate with third-party service providers. Large vendors such as Google, IBM, Microsoft, and MuleSoft drive this market through integrated API management platforms, including API design, development, security, and monitoring. These companies rely on horizontal and vertical growth to bring up their portfolios and meet customers’ needs. The market is also experiencing growth due to the increasing need for more secure and expandable API platforms, which is resulting from increasing security concerns and compliance issues. Moreover, the demands for digital banking, the emergence of fintech solutions, and the influence of IoT devices positively impact the adoption of API management platforms in the region. High maturity and adoption of IT solutions in the North American market, along with several prominent investments in technology infrastructure, makes it an essential region in the API Management Market, especially with considerable US dominance in investments and innovation.

Top Key Companies in API Management Market:

Some of the significant API management vendors include Google (US), IBM (US), AWS (US), Microsoft (US), MuleSoft (US), Axway (France), Software AG (Germany), WSO2 (US), Broadcom (US), and TIBCO Software (US).

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Get access to the latest updates on API Management Companies and API Management Industry 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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LOWE’S INVITES BAY AREA RESIDENTS TO “TRY ON” THEIR KITCHEN WITH LOWE’S STYLE STUDIO™

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Designed exclusively for Apple Vision Pro, Lowe’s Style Studio™ empowers customers to visualize and experience a kitchen refresh in minutes at five Bay Area stores starting April 26

CHARLOTTE, N.C., April 25, 2025 /PRNewswire/ — Beginning Saturday, April 26, Lowe’s stores in northern California will offer free appointments for Lowe’s Style Studio™, an immersive 3D experience that lets customers design and “try on” their dream kitchen using Apple Vision Pro, changing the colors, styles, and features around them in real time. Lowe’s Style Studio™ combines spatial computing with home improvement, giving customers the ultimate confidence of experiencing their dream kitchen—or a smaller project like a new sink or wall color —before actually renovating it.

“We try on clothes, sample paint colors, and test drive cars to help us decide before we buy,” said Chandhu Nair, Lowe’s SVP of Data, AI and Innovation. “Customers deserve that same confidence when it comes to home renovation. With Lowe’s Style Studio, consumers don’t have to guess what their new kitchen could look like—they can step into it and experience their style choices together as if they are actually there. This is the future of retail—personal, immersive, and powered by technology.”

Lowe’s shoppers can focus on a single aspect of the kitchen—like a new cabinet color—or reimagine the entire room using Lowe’s Style Studio™ for Apple Vision Pro. Within the experience they can view full-sized countertops, backsplashes, and appliances within a kitchen, all for free. This is particularly helpful for products like countertops, where a full scale rendering allows customers to see additional variation and veining. Whether it’s a major overhaul or a small refresh, Lowe’s Style Studio™ makes it easy to explore design possibilities before spending a dime.

The pressure to get kitchen remodels right impacts DIYers and the Pros that support them. Interior designers, real estate agents, and installers have used Lowe’s Style Studio™ to help clients feel more comfortable with their design selections. By turning ideas into immersive, shared experiences, the tool brings everyone to the table with clarity and confidence—and with Lowe’s lowest price guarantee, customers can feel good about their choices from every angle. Spatial computing seamlessly blends digital content into the physical space, enabling users to interact in stunning resolution, using intuitive input controlled by a user’s eyes and hands.

Customers are encouraged to bring family members or home professionals to their session, where they can follow along on an iPad that mirrors the Apple Vision Pro experience. Customers can then digitally save and share their selected styles at the end of the session. These can also be saved to the customer’s Lowes.com account for future reference at home.

Sessions are free with no purchase commitments and available by appointment or walk-in (appointments are preferred). Appointments can be made at Lowes.com for the following California stores:

Concord, 1935 Arnold Industrial Way, ConcordEast San Jose, 775 Ridder Park Dr., San JoseDublin, 3750 Dublin Blvd., DublinSouth San Jose, 5550 Cottle Rd., San JoseSunnyvale, 811 East Arques Ave., Sunnyvale

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

Media Contact
Caitlin Byrnes
Lowe’s Companies, Inc.
caitlin.byrnes@lowes.com 

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SOURCE Lowe’s Companies, Inc.

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Zepp Health Corporation Files 2024 Annual Report on Form 20-F

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MILPITAS, Calif., April 25, 2025 /PRNewswire/ — Zepp Health Corporation (“Zepp Health” or the “Company”) (NYSE: ZEPP), a global leader in smart wearables and health technology, today announced that it has filed its annual report on Form 20-F for the full year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”).

The annual report can be accessed on the Company’s investor relations website at http://ir.zepp.com and on the SEC’s website at www.sec.gov. The Company will provide hardcopies of the annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to ir@zepp.com.

About Zepp Health Corporation (NYSE: ZEPP)

Zepp Health Corporation (NYSE: ZEPP) is a global smart wearable and health technology leader, empowering users to live their healthiest lives by optimizing their health, fitness, and wellness journeys through its leading consumer brands, Amazfit, Zepp Clarity and Zepp Aura. Powered by its proprietary Zepp Digital Management Platform, which includes the Zepp OS, AI chips, biometric sensors and data algorithms, Zepp delivers cloud-based 24/7 actionable insights and guidance to help users attain their wellness goals. To date, Zepp has shipped over 200 million units, and its products are available in more than 90 countries and regions. Founded in 2013 as Huami Corp., the Company changed its name to Zepp Health Corporation in February 2021 to emphasize its health focus with a name that resonates across languages and cultures globally. Zepp has team members and offices across globe, especially in Europe and USA regions.

For investor and media inquiries, please contact:

In China:
Zepp Health Corporation
Grace Yujia Zhang
Email: ir@zepp.com 

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: zepp@tpg-ir.com 

 

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SOURCE Zepp Health Corp.

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Symphony Robotics Welcomes Neurosurgery Leader Dr. Neil A. Martin as Chief Medical Officer to Revolutionize Glioblastoma Treatment with First-Ever MRI-Steerable Micro-Robotics

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MIAMI, April 25, 2025 /PRNewswire/ — Symphony Robotics, a pioneer in advanced neurosurgical micro-robotics, today announced the appointment of renowned neurosurgeon Dr. Neil A. Martin as its Chief Medical Officer (CMO). In this pivotal role, Dr. Martin will lead the advancement of the company’s groundbreaking, engine-free, nonlinear, flexible micro-robotic system, poised to transform the treatment landscape for Glioblastoma Multiforme (GBM).

Symphony Robotics, a pioneer in advanced neurosurgical micro-robotics, appoints renowned neurosurgeon as CMO.

“Glioblastoma remains the most treatment-resistant and lethal primary brain tumor, with a median survival of only 14-16 months following maximal safe resection plus adjuvant chemoradiotherapy, and a five-year survival rate below 7%,” stated Dr. Martin. “Despite significant advances in molecular characterization and targeted therapeutics, meaningful improvements in clinical outcomes have remained elusive.”

Early preclinical studies using anatomically accurate GBM models under real-time MRI guidance have shown that Symphony Robotics’ platform achieves significant improvements in maneuverability, resulting in up to 3 times the volumetric coverage when compared with existing technologies, with millimeter-level precision, crucial for protecting critical healthy brain tissue while maximizing tumor removal.

Dr. Martin continued, “Symphony Robotics is positioned to transform the treatment paradigm by substantially extending the capabilities of Laser Interstitial Thermal Therapy (LITT) in GBM—potentially tripling the ablation volume achievable through its steerability after single-site minimally invasive insertion. Our initial objective is to significantly enhance the efficacy of LITT through precise, nonlinear navigation to previously unreachable tumor margins, even in large and irregular tumors. We are implementing an aggressive translational research pipeline for developing applications to accompany and synergize with thermal ablation, including targeted drug and immunotherapy delivery systems for precision neuro-oncology.”

“Symphony Robotics is built on a foundation of rigorous research and a robust intellectual property portfolio, supported by grants from the National Institutes of Health (NIH) and the National Science Foundation (NSF), and exclusively licensed from Case Western Reserve University,” said Mordechai (Moty) Avisar, Founder and CEO of Symphony Robotics. “Welcoming Dr. Martin—a visionary leader in neurosurgery—to our team marks a pivotal milestone that will accelerate our mission to revolutionize GBM treatment. By harnessing the power of artificial intelligence, our platform is poised to optimize therapy and deliver this life-changing technology to patients worldwide.”

The company is currently establishing collaborations with leading neurosurgical centers to initiate beta site testing later this year, ensuring thorough clinical assessment in diverse patient populations and anatomical scenarios.

CONTACT: info@symphonyrobotics.health
LinkedIn: https://www.linkedin.com/company/symphonyrobotics/

Symphony Robotics is developing advanced medical technology focused on transforming neurosurgical precision through its engine-free, nonlinear, flexible, micro-robotic platform, leveraging AI to optimize GBM treatment. Recognizing the limitations of current techniques in treating complex intracranial pathologies, particularly aggressive cancers like GBM and medically refractory epilepsy, the company aims to improve surgical outcomes by enabling more precise and extensive tumor ablation, minimizing damage to healthy brain tissue, and ultimately improving both patient survival and quality of life. The integration of real-time MRI guidance with advanced robotics and computational navigation algorithms allows their innovative platform to access and treat previously unreachable areas within the brain. Disclaimer: Symphony Robotics’ products are not approved by the Food and Drug Administration (FDA) and are not available for commercial distribution or clinical use.

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SOURCE Symphony Robotics

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