The North America Application Programming Interface (API) Security Market would witness market growth of 31.4% CAGR during the forecast period (2023-2030).
The technique of protecting APIs from cyberattacks or other API threats is called application programming interface (API) security. Due to their extensive use and ability to access private program functions and data, attackers are increasingly targeting APIs. Automated API traffic analysis and monitoring, shifting cybersecurity trends, and increased demand for secure public & private API security software or services are all expected to promote market growth in the future.
Sensitive financial, medical, and personal data can be publicly accessible when an API is compromised, damaged, or hacked. Therefore, while developing restful APIs and other APIs, security is paramount. Furthermore, a way that APIs might be exploited is through a compromise of the backend system. An API with weak security could become the target of various assaults. To reduce the attacks, it is necessary to have properly secured API security.
Patient-centric healthcare has become more popular in the U.S. as a value-based healthcare delivery paradigm. It has enhanced the standard of service, improved results, and raised patient satisfaction. Application programming interfaces (APIs) are being used increasingly to provide patient-centered healthcare, and the emergence of numerous services, such as wearable medical devices and remote patient monitoring, has increased the demand for healthcare API solutions nationwide. The need for API technology in the local healthcare industry is anticipated to increase as the number of adopters—such as large HCOs in the U.S.—increases. Furthermore, healthcare APIs are expanding across North America due to high levels of digital literacy and favorable policies. The regional market has expanded due to the widespread usage of API throughout the healthcare sector in the region.
The US market dominated the North America Application Programming Interface (API) Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,249.1 million by 2030. The Canada market is experiencing a CAGR of 34.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 33.2% during (2023 - 2030).
Based on Offering, the market is segmented into Platform & Solutions and Services. Based on Vertical, the market is segmented into BFSI, Government, IT & Telecom, Manufacturing, Retail & Ecommerce, Media & Entertainment, Healthcare, Energy & Utilities, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Mode, the market is segmented into Cloud, On-premise and Hybrid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Application Programming Interface (API) Security Market is Projected to reach USD 4.9 Billion by 2030, at a CAGR of 32%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), Salt Security Inc., Noname Security, Akamai Technologies, Inc., Data Theorem, Inc., Axway Software SA, Imperva, Inc., Traceable Inc., Palo Alto Networks, Inc. and Fortinet, Inc.
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