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Global Application Program Interfaces (API) Zero Security Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

ICT | Upcoming Report | Sep 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Application Program Interfaces (API) Zero Security Market Segmentation, By Authentication System (Single-Factor Authentication and Multi-Factor Authentication), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Deployment (Cloud and On-Premises), Vertical (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government and Defence, Retail and Ecommerce, Healthcare, Energy and Power, and Others) – Industry Trends and Forecast to 2031.


 

Application Program Interfaces (API) Zero Security Market Analysis

The application program interfaces (API) zero security market is rapidly evolving, driven by advancements in cybersecurity technology. One of the latest methods is the integration of AI and machine learning for real-time threat detection and prevention. These technologies analyze API traffic patterns to identify anomalies and potential vulnerabilities, enhancing overall security.

Additionally, zero-trust architectures are becoming a staple in API security. This approach requires continuous verification of user identities and device compliance, regardless of their location, ensuring that even internal threats are mitigated.

The usage of advanced encryption techniques, such as end-to-end encryption and secure tokenization, is also on the rise. These methods ensure that data transmitted via APIs remains confidential and tamper-proof.

Growth in this market is substantial, driven by increasing cyber threats and the need for robust security measures. As businesses and organizations adopt more APIs for their operations, the demand for zero security solutions is expected to continue rising, reflecting a shift towards more proactive and resilient cybersecurity strategies.

Application Program Interfaces (API) Zero Security Market Size

The global application program interfaces (API) zero security market size was valued at USD 3.09 billion in 2023 and is projected to reach USD 26.94 billion by 2031, with a CAGR of 31.10% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Application Program Interfaces (API) Zero Security Market Trends

“Increased Adoption of Cloud-Native Solutions”

A significant trend fueling the growth of the API zero security market is the increasing adoption of cloud-native solutions. Businesses are migrating to cloud environments, where traditional security models are often less effective, pushing the need for API zero security approaches that offer robust, scalable protection. For instance, In March 2022, Imperva introduced Imperva API Security, featuring continuous API discovery and data classification. This product enhances data visibility and protection across both traditional and cloud-native applications, and can be used with Imperva Cloud Web Application Firewall (WAF) or standalone, safeguarding APIs against vulnerabilities and unintended exposure.

Report Scope and Application Program Interfaces (API) Zero Security Market Segmentation

Attributes

Application Program Interfaces (API) Zero Security Key Market Insights

Segments Covered

  • By Authentication System: Single-Factor Authentication and Multi-Factor Authentication
  • By Organization Size: Small and Medium-Sized Enterprises and Large Enterprises
  • By Deployment: Cloud and On-Premises
  • By Vertical: Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government and Defence, Retail and Ecommerce, Healthcare, Energy and Power, and Others

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Key Market Players

Cisco Systems, Inc. (U.S.), Akamai Technologies (U.S.), Palo Alto Networks (U.S.), Broadcom Inc. (U.S.), Okta (U.S.), Forcepoint (U.S.), Delinea (U.S.), Illumio, Inc. (U.S.), Sophos Ltd. (U.K.), Google LLC (U.S.), Microsoft (U.S.), VMware, Inc.  (U.S.), Trend Micro Incorporated (Japan), Cloudflare, Inc. (U.S.), IBM (U.S.), Fortinet, Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Ivanti (U.S.), and ON2IT (Netherlands)

Market Opportunities

  • Remote Work Expansion
  • Advanced Threats and Attack Vectors

Value Added Data Infosets

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Application Program Interfaces (API) Zero Security Market Definition

API Zero Security refers to a design approach where no security measures are implemented in an API, often as a placeholder or during initial development. This practice can expose APIs to vulnerabilities, such as unauthorized access or data breaches, as it lacks authentication, encryption, and other protective mechanisms. It's generally used temporarily in controlled environments or during early stages of development. However, deploying APIs without proper security is risky and should be avoided in production systems to ensure data integrity and system protection.

Application Program Interfaces (API) Zero Security Market Dynamics

Drivers

  • Rising Cybersecurity Threats

The increase in cyberattacks, such as the 2023 MOVEit breach, which exposed sensitive data through exploited vulnerabilities, underscores the urgent need for advanced API security. This surge in threats drives the market for zero-trust models, which offer robust protection by ensuring that every API request is authenticated and authorized, significantly reducing the risk of unauthorized access and data breaches. For instance, In June 2022, Google (Apigee) launched Apigee Advanced API Security, a solution tailored for growing API security needs. Built on Apigee’s platform, it offers advanced capabilities for detecting and mitigating API threats, enhancing security management for organizations with comprehensive protection features to address evolving security challenges.

  • Emergence of Microservices Architecture

The shift towards microservices architecture increases API usage, leading to complex security challenges due to numerous interacting services. For instance, companies such as Netflix leverage microservices to enhance scalability and flexibility but face heightened security risks from multiple API endpoints. Zero-trust security models address these risks by enforcing strict access controls and continuous verification, driving the demand for zero-trust solutions in the API security market.

Opportunities

  • Remote Work Expansion

The rise in remote work has increased API interactions over potentially insecure networks, creating a significant market opportunity for zero-security APIs. For instance, companies such as Zoom and Slack have integrated zero-trust API solutions to protect data shared during virtual meetings and messaging. This trend highlights the growing need for secure API frameworks to safeguard data transmission in remote work environments.

  • Advanced Threats and Attack Vectors

Evolving threats such as API abuse and data manipulation are driving demand for zero-security strategies to counteract sophisticated attacks. For instance, In July 2022, Salt Security enhanced its advanced API Protection Platform with new features. These upgrades improve threat detection and pre-production API testing, providing deeper insights into attacker behaviors, visual representations of API call sequences, and pre-deployment attack simulations, ultimately boosting API visibility and incident response efficiency.

Restraints/Challenges

  • Integration with Legacy Systems

Many organizations rely on older systems that aren't compatible with modern security frameworks such as zero-trust. Integrating zero-trust security with these legacy systems can be complex and costly, often requiring extensive custom development. This challenge hinders market growth by creating significant barriers to adoption, as organizations face difficulties in updating or replacing outdated systems to meet new security standards.

  • Constant Monitoring and Updates

Constant monitoring and regular updates are crucial for zero-trust security, but they present a significant challenge. Ensuring that the system remains up-to-date with the latest security patches requires substantial ongoing effort. This continuous need for vigilance and updates can strain resources and complicate management, potentially deterring organizations from adopting zero-trust solutions due to the high operational demands and associated costs.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Application Program Interfaces (API) Zero Security Market Scope

The market is segmented on the basis of authentication system, organization size, deployment, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Authentication System

  • Single-Factor Authentication
  • Multi-Factor Authentication

 Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

 Deployment

  • Cloud
  • On-Premises

 Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecommunications
  • Government and Defence
  • Retail and Ecommerce
  • Healthcare
  • Energy and Power
  • Others

Application Program Interfaces (API) Zero Security Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, authentication system, organization size, deployment, and vertical as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the application program interfaces (API) zero security market due to the rising prevalence of market players and a surge in research and development activities. The region’s robust technological infrastructure and innovative advancements further fuel its leading position in driving API zero security solutions.

Asia-Pacific is expected to show significant growth in the forecast period in the application program interfaces (API) zero security market. This growth is driven by the increasing frequency of cyber risks and the rising adoption of cloud-based services among enterprises in the region. Enhanced security measures are becoming essential to protect digital assets.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Application Program Interfaces (API) Zero Security Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Application Program Interfaces (API) Zero Security Market Leaders Operating in the Market Are:

  • Cisco Systems, Inc. (U.S.)
  • Akamai Technologies (U.S.)
  • Palo Alto Networks (U.S.)
  • Broadcom Inc. (U.S.)
  • Okta (U.S.)
  • Forcepoint (U.S.)
  • Delinea (U.S.)
  • Illumio, Inc. (U.S.)
  • Sophos Ltd. (U.K.)
  • Google LLC (U.S.)
  • Microsoft (U.S.)
  • Trend Micro Incorporated (Japan)
  • Cloudflare, Inc. (U.S.)
  • IBM (U.S.)
  • Fortinet, Inc. (U.S.)
  • Check Point Software Technologies Ltd. (Israel)
  • Ivanti (U.S.)

Latest Developments in Application Program Interfaces (API) Zero Security Market

  • In April 2023, Noname partnered with MindPoint Group to create an advanced API security platform in a secure OVA deployment format. This collaboration simplifies API security management, offering a quick and protected approach for securing API inventories while ensuring comprehensive security measures are in place
  • In September 2022, Salt Security invested in CrowdStrike's Falcon Fund, reflecting CrowdStrike’s support for Salt Security's efforts to enhance API protection. This investment underscores the growing importance of API security in the cybersecurity landscape, emphasizing Salt Security's role in defending against API-related cyber threats
  • In October 2020, Palo Alto Networks released Prisma Cloud 2.0 with the Web Application and API Security (WAAS) module. This module offers comprehensive protection for web applications and APIs across multiple clouds, including customizable OWASP Top 10 protection and runtime security, integrated into a single dashboard for streamlined deployment and management


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