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IDC recently released its Worldwide Integration Middleware and API Management Software Market Shares, 2017 business report, which covers integration middleware and API management software. It’s full of interesting information, but most people won’t find the time to read all the details of the full report.
So here’s a quick overview you can read in five minutes or less.
In 2017, the worldwide market for integration middleware grew by 15.8 percent. It’s now a $4.9 billion market, and IBM holds the largest piece of the market share with 22.5 percent.
IBM had an 11.2 percent increase in revenue year over year, leading to a final number of $1.1 billion. We also lead the field in net-new revenue with a $110.2 million gain. Much of this growth is attributed to increased demand for API management software such as API Connect, along with demand for perpetual licenses, expansion of existing accounts and larger deal sizes.
API management software was not only a major driver of growth for IBM, but it was also a driver for the industry as a whole.
API management software now makes up $611.6 million of the $4.9 billion integration middleware market. That number reflects 46.7 percent growth year over year for the API market.
When it comes to industry shareholders, IBM also leads the market. IBM holds 24.4 percent of the API management revenue with $149.2 million and 54 percent growth year over year.
Questions to ask
If you’re a stats lover, the report has more numbers for you. If not, here are two key questions outlined in the report:
Is the pricing model flexible enough?
In general, the market is choosing usage-based models over fixed-pricing models. For high-volume customers, it’s more fiscally effective to pay based on usage instead of paying annual subscription costs based on average volumes. This is especially true when companies’ usage fluctuates greatly based on the time of year.
With API Connect, pricing models can fit any business need. It offers custom pay-as-you-go plans that start at 100,000 API calls per month and go beyond 1 billion API calls a month. You’ll also have the option to set up a prepaid quota and simply pay for usage beyond the fixed amount, or you can talk with a representative to create a plan unique to your company.
Can you deploy anywhere?
For any given organization, some workloads may run on a public cloud, some in containers and some with serverless options. API management should be flexible enough to support workloads across any type of compute no matter where they are deployed.
IBM API Connect has that flexibility. You can deploy on cloud, on premises or a combination of the two. You can also deploy across multiple clouds, in containers, in a serverless setup and more.
The bottom line of the report is that business is booming for integration middleware and API management software. There are good things ahead.
If you’d like to dive further into the topic, read this additional blog post or download the full IDC report. You can also learn more about IBM API Connect by visiting our website or starting a free trial.
*Source: IDC Worldwide Integration Middleware and API Management Software Market Shares, 2017: Business Is Booming Including License Revenue, IDC #US43938218, July 2018.