Magic Quadrant for API Management
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
AI is transforming API management, fueling innovation and new security and governance demands. The market generated $3.88 billion in revenue in 2024 and grew at a rate of 12.6%. Organizations are graduating from experimental generative AI use cases to mainstream AI projects and agentic AI, which means that managing APIs as data, tools, and context in a safe and secure manner becomes even more essential. The user base of API management platforms is changing, with more developers, including AI engineers and agentic AI and automation developers, using the platforms. Operating multiple API gateways from different vendors is becoming standard practice, as organizations adopt fit-for-purpose solutions to support diverse use cases.
A: A vendor's appearance in a Magic Quadrant one year and not the next does not necessarily indicate that we have changed our opinion of that vendor. It may be a reflection of a change in the market and, therefore, changed evaluation criteria, or of a change of focus by that vendor. We review and adjust our inclusion criteria for Magic Quadrants as markets change. As a result of these adjustments, the mix of vendors in any Magic Quadrant may change over time.