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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.

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Trakka Systems to Demonstrate Advanced ISR Capabilities at Farnborough International Airshow 2026

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ARLA, Sweden, July 20, 2026 /PRNewswire/ — Trakka Systems, a global leader in Critical Vision Technologies, will showcase its integrated ecosystem of mission-ready solutions at the Farnborough International Airshow 2026, taking place 20–24 July in Farnborough, United Kingdom. Visitors are invited to the Acron Aviation Flight Line Chalet (Stand C322), where Trakka will conduct live demonstrations of its flagship long-range imaging system and seamlessly integrated mapping and mission management solution while showcasing the broader Acron Aviation portfolio.

For the first time at Farnborough, Trakka Systems will conduct live demonstrations of the TrakkaCam® TC-375, giving visitors the unique opportunity to experience the system’s performance in real-world conditions. The demonstrations will also showcase the TrakkaMaps® TM-100 mapping and mission management system, providing a complete Total Mission Solution designed to enhance situational awareness, mission coordination, and operational effectiveness.

Live Demonstrations

The TrakkaCam® TC-375 is Trakka’s flagship long-range, gyro-stabilized EO/IR multi-sensor designed for the most demanding airborne ISR missions. Configured with multiple high-definition payloads, the demonstration system features:

High-definition electro-optical (EO) color cameraHD mid-wave infrared (MWIR) thermal imagerHigh-performance low-light cameraIntegrated laser rangefinder

Designed for military, border security, maritime surveillance, search and rescue, drug interdiction and law enforcement missions, the TC-375 delivers exceptional long-range target detection, recognition, and identification while maintaining outstanding image stability during dynamic flight operations.

Visitors will also experience the TrakkaMaps® TM-100 mapping and mission management system operating alongside the TC-375. Purpose-built for seamless plug-and-play integration, TM-100 enables crews to view live sensor imagery, map targets, apply augmented reality (AR) overlays, record mission data, and coordinate operations through a unified touch-screen interface, extending the capabilities of the airborne imaging system.

An Integrated Ecosystem of Critical Vision Technologies

Trakka Systems continues to expand its portfolio of mission-critical technologies while maintaining the innovation, quality, and customer focus that have defined the company for more than 25 years. Trakka’s ecosystem of Critical Vision Technologies enables operators to rapidly detect, identify, illuminate, map, record, and share critical information during missions. The seamless integration of TrakkaCam®, TrakkaMaps®, TrakkaStream®, and the globally recognized TrakkaBeam® line of high-intensity searchlights reduces installation complexity, minimizes integration time, and provides operators with a complete mission solution from a single trusted provider.

Visit Trakka Systems at Farnborough

Farnborough International Airshow is one of the world’s premier aerospace and defense exhibitions, bringing together industry leaders, military organizations, government agencies, and aerospace innovators from around the globe. The event provides an ideal opportunity to explore emerging technologies, strengthen partnerships, and experience the future of mission-critical aviation.

Trakka Systems welcomes customers, partners, and industry professionals to visit the Acron Aviation Flight Line Chalet (Stand C322) to experience live demonstrations, meet with technical experts, and discover how Trakka’s Total Mission Solutions integrate seamlessly to deliver enhanced situational awareness, improved mission coordination, and greater operational effectiveness.

As a member of the Acron Technologies portfolio of companies, Trakka Systems helps innovate technologies that create safer skies and protect lives across air, land, sea, and space.

For more information about Trakka Systems and its innovative range of Critical Vision Technologies, please visit www.trakkasystems.com.

About Trakka Systems

Trakka Systems is a global leader in the design, development, and manufacturing of Critical Vision Technology solutions for airborne, maritime, and land-based missions. With more than 25 years of innovation, Trakka delivers advanced gyro-stabilized imaging systems, high-intensity searchlights, mapping and mission management software, and mission integration solutions that support defense, law enforcement, border security, search and rescue, utility, and special mission operators around the world.

As a member of the Acron Technologies portfolio of companies, Trakka Systems helps innovate technologies that create safer skies and protect lives across air, land, sea, and space.

For more information about Trakka Systems and its innovative range of Critical Vision Technologies, please visit www.trakkasystems.com.

 

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SOURCE Trakka Systems

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JetZero and EXIM Sign Letter of Interest to Explore up to $3B in Financing for New Aerospace Manufacturing Campus in Greensboro, North Carolina

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Letter of Interest signed at the Farnborough International Airshow under EXIM’s Make More in America Initiative; project expected to create more than 14,500 direct jobs

FARNBOROUGH, U.K., July 20, 2026 /PRNewswire/ — FARNBOROUGH AIR SHOW– JetZero today announced that it has signed a Letter of Interest with the Export-Import Bank of the United States (EXIM) to explore up to $3 billion in potential financing support under EXIM’s Make More in America Initiative (MMIA) for the development of the company’s major advanced aerospace manufacturing campus in Greensboro, North Carolina.

The Letter of Interest, signed at the 2026 Farnborough International Airshow, establishes a framework for the two organizations to evaluate potential MMIA financing support for the construction of manufacturing facilities, production systems and equipment, and other eligible project costs. The agreement reflects a shared commitment to expanding U.S. manufacturing capacity while preserving EXIM’s full underwriting, due diligence, environmental review, and Board approval processes.

JetZero’s Greensboro campus represents a significant investment in domestic aerospace production capacity. The project is expected to create more than 14,500 direct manufacturing jobs in North Carolina, along with an estimated 53,000 additional indirect U.S. jobs, while strengthening critical industrial and supply-chain resilience and supporting future exports of U.S.-manufactured aerospace products.

“This Letter of Interest marks an important step toward building the most advanced aerospace manufacturing campus in the country and bringing tens of thousands of high-quality jobs to North Carolina,” said Tom O’Leary, JetZero CEO and co-founder. “We are excited for EXIM’s interest in supporting American manufacturing leadership and exports.”

The Greensboro campus builds on JetZero’s existing progress with EXIM in supporting project tooling, and reflects the parties’ intent to explore broader financing support for the full manufacturing campus as discussions advance.

The Letter of Interest does not constitute a financing commitment, an obligation of federal funds, or approval of any loan transaction. Any future EXIM support remains subject to all applicable statutory requirements, due diligence, underwriting review, environmental review, legal review, and approval by EXIM’s Board of Directors.

About JetZero

JetZero is an American aerospace company developing a new generation of more efficient commercial and defense aircraft. The company partners with leading manufacturers and technology providers to advance the future of flight through innovation and American manufacturing excellence.

About the Make More in America Initiative

The Make More in America Initiative (MMIA) is an Export-Import Bank of the United States program that provides EXIM’s financing tools—including loan guarantees, direct loans, and insurance—in support of domestic manufacturing projects that create U.S. jobs and enhance the nation’s export capacity.

Media Contact
Press@JetZero.aero
Follow JetZero: LinkedIn |  Instagram

Media Assets
Images and video available on the JetZero Media Center page.

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CNPC launches China’s first full-chain green, low-carbon ethylene project

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BEIJING, July 20, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

China National Petroleum Corporation on Thursday officially put into operation the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility in Korla, Bayingolin Mongolian autonomous prefecture, Northwest China’s Xinjiang Uygur autonomous region. This marks the launch of the country’s first full-chain green and low-carbon ethylene project.

As the first demonstration project in China’s petrochemical industry to apply green and low-carbon development principles throughout the entire production chain, it combines renewable energy, carbon capture and the high-value utilization of by-products. The project is expected to reduce carbon emissions by 1.37 million metric tons annually, equivalent to the carbon sequestration capacity of 5.48 million mu, or about 365,333 hectares, of forest.

The project features several technological breakthroughs. It directly uses renewable energy generated by Tarim Oilfield’s photovoltaic facilities, with around 1 billion kilowatt-hours of green electricity supplied to the complex each year. It has also completed the construction of the world’s second and China’s first domestically developed electric-driven system for the three major ethylene compressors, shifting from thermal to electric power.

In addition, it has adopted a first-of-its-kind integrated carbon capture technology in China to recover low-concentration carbon dioxide from cracking furnace flue gas that would otherwise be emitted into the atmosphere. The captured CO₂ and recovered by-product hydrogen are reused in the production process, forming a closed-loop low-carbon industrial chain that connects green power, carbon capture, blue hydrogen, blue ammonia and lower-carbon fertilizer production.

The project also reflects China’s growing technological strength. Of its 11 major production units, ten use homegrown technologies — nine of which come from CNPC, and five have been applied at industrial scale for the first time. The overall localization rate of the project has reached 99 percent, with full localization achieved for several units, including hydrogenation of pyrolysis gasoline and butadiene rubber. The project also marks a breakthrough in the domestic manufacture of large-scale extrusion and pelletizing units.

With the project now in operation, it is expected to help fill gaps in the production of high-end polyolefins, synthetic rubber and other advanced materials in southern Xinjiang, while supporting the growth of downstream 100-billion-yuan industrial clusters. It is also projected to contribute to regional economic development and create employment opportunities in Korla and surrounding areas.

 

View original content:https://www.prnewswire.com/news-releases/cnpc-launches-chinas-first-full-chain-green-low-carbon-ethylene-project-302829457.html

SOURCE chinadaily.com.cn

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