Spotlight

Report:

Magic Quadrant for API Management

How does Gartner define the API Management market in 2024?

Gartner defines the application programming interface (API) management market as the market for software to manage, govern and secure APIs. Organizations use APIs to modernize their architectures; APIs provide access to systems, services, partners and data services. API management software enables organizations to plan, deploy, secure, operate, version control and retire APIs, regardless of their size, region or industry.

Key Facts for Magic Quadrant for API Management in 2024

Strategic Planning Assumptions

No strategic planning assumptions provided.

How was the API Management market evolved in 2024?

What product features are required to be included in this year's evaluation?

What are the common features of top products in the API Management space?

Scope Exclusions

Inclusion Criteria

Vendors must, among other requirements:

Ability to Execute — Relative Weighting

Completeness of Vision — Relative Weighting

FAQs

Q: What does this research cover?

A: This research covers the API management market, evaluating 17 vendors on their ability to execute and completeness of vision. It assesses software to manage, govern and secure APIs across mandatory features (API portal, API gateway, policy management, governance) and common features (API design, testing, monitoring, security, gateway federation, API mediation, service mesh, monetization, and AI capabilities). The evaluation includes vendor strengths, cautions, market positioning, and suitability for different use cases.

Q: Who should use this research?

A: Software engineering leaders and IT decision-makers should use this research to select the most suitable API management vendor for their organization. It helps evaluate vendors based on specific requirements including deployment models (SaaS, on-premises, hybrid), industry needs, geographic requirements, organizational size, and use cases such as digital transformation, integration, microservices architecture, or distributed API management. The research is particularly valuable for organizations managing API programs across heterogeneous environments and cloud platforms.

Q: What are the mandatory features of vendors included in this market?

A: Vendors must provide: (1) API portal - a self-service interface for API consumers to discover and try APIs with an API catalog for registration; (2) API gateway - provides or integrates with gateways for runtime management, security, policy enforcement, throttling, operational control and usage monitoring; (3) Policy management - provides style enforcement, API mediation, usage limits, throttling and security configurations; (4) Governance - manages API versions, access control, publication and operation.

Q: What are some reasons for not being included in this report?

A:

  • Lack of comprehensive, general-purpose offering (specific to one industry or limited to adjacent market like iPaaS or application security)
  • Insufficient revenue (less than US$45 million from API management in 2023, or less than US$6 million for open-source vendors)
  • Insufficient customer base (fewer than 120 paying customers in 2023)
  • Product not generally available before June 2023
  • Not actively marketing, selling and supporting qualifying products

Q: What differentiates Ability to Execute vs. Completeness of Vision?

A: Ability to Execute focuses on the vendor's current capabilities and performance in delivering products and services to the market. It evaluates product quality, operational effectiveness, sales performance, market responsiveness, customer experience, and overall business viability. Completeness of Vision assesses the vendor's strategic direction and understanding of future market needs. It evaluates market understanding, strategic planning across marketing/sales/product/business dimensions, innovation capabilities, industry and geographic strategies. Essentially, Ability to Execute is about 'what the vendor can do now' while Completeness of Vision is about 'where the vendor is going and their strategic roadmap for the future.'

Reference

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