Market for API Management and Security Solutions Consolidates Further

“Some vendors no longer consider API management a standalone market, offering these functions as a part of larger enterprise integration platforms,” says Alexei Balaganski, author of the report, which gives readers an overview of the 19 key players and another 11 upcoming vendors in the API management and security market segment. The overall leaders in the API management and security market are (in alphabetical order): 42Crunch, Axway, Broadcom, Curity, Forum Systems, Google Apigee, Imperva, Red Hat, Sensedia, and WSO2. 

Some vendors are already promoting alternative approaches towards API security, which are more data-centric and proactive in nature than traditional infrastructure monitoring and security analytics. “This might sound controversial, but one potential scenario for the future development of the API security market is that it will evolve into multiple specialized types of security capabilities, which will be integrated with other existing areas of cybersecurity – for example, into XDR security analytics platforms or integrated data protection or application security solutions,” the report says.