Position of Salesforce’s MuleSoft in the Full Life Cycle Application Management Market
Mirza Iqbal
Helping Enterprises with AI, LLM, Automations, Data Engineering and Cloud Migrations & Modernisation | E2E Agile Project Delivery.
Digital transformation, new business models, new application development trends, and most importantly the need for connectivity which you might have read in my previous blog have created soaring demand for full life cycle Application Programming Interface (API) management products.
Full life cycle API management refers to softwares that support the complete life cycle of an API right from planning, designing, implementation, testing, deployment, operation, versioning to the final retirement stage of the API, they support the following functional areas
● Developer portals
● API getaways
● Policy Management and Analytics
● API design and development
● API testing
What should a buyer look out for before investing in the API management vendors?
Are they offering support for all the stages of the API life cycle and are they aligned with the requirements of the organization’s API management needs?
Buyers must understand which market segment they fall into and choose the vendor that is the best fit for them
Do you require multi-cloud API management along with multiproduct API management?
Some vendors specialize in just a few areas of the life cycle while others specialize in the entire life cycle.
Report by Gartner published on September 2021 Magic Quadrant for Full Life Cycle API Management divided the API software vendors into 4 categories Leaders, Challengers, Visionaries, and Niche Players.
Leaders lead and influence the market as well as execute almost all the stages of the API lifecycle thus making sure their clients thrive in the competitive environment.
Challengers execute offer services in only the functions they specialize in and have a blurred vision of what the market expects along with lacking innovative strategies to capture the market.
Visionaries are smaller in market size and share in comparison to challengers and leaders but they approach the market with cutting edge innovations and have the capability to grow.
Niche players focus on a particular segment of the market such as a specific Application ecosystem, industry, geographic location, etc.,
Even with the Covid-19 situation companies have observed that the economy is recovering rather than stagnating and more and more companies are adopting digitization as their top priority to keep growing and APIs play a very major role in digitization by building successful ecosystems.
With the rising need for digitization let’s have a look at how the market was this year for full life cycle API management vendors
It has been observed that the Full Lifecycle API management market grew by 24% expanding to 2.1 billion dollars even with the pandemic, it has been the third fasted growing category in the application infrastructure and middleware market and companies adopting full lifecycle API management and technologies are accelerating their growth at lightning speed.
There have also been mergers and acquisitions and investor funding for full lifecycle API management vendors. (Market Share Analysis: Full Life Cycle API Management, Worldwide, 2020).
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According to Global API Management Market report by verified market research 2021 the Global API management market is set to reach 13.56 billion dollars by 2028 and the growth of this market is expected to reach CAGR of 28.77% by the end of the forecasted period.
The report mentions IBM, Google, Oracle, Red Hat, Software AG, Axway, MuleSoft, Microsoft, SAP SE, AWS, CA Technologies, Broadcom company, TIBCO, Kony, Rogue Wave Software, Sensedia, Torry Harris Business Solutions, Tyk Technologies, WSO2, Osaango, Dell Boomi, and Postman as the key players in the field of full life cycle API management
The common thread in all both Magic Quadrant for Full Life Cycle API Management Report by Gartner and the Global API Management Market report by verified market research 2021 is MuleSoft and according to KBV Cardinal Matrix provided by KBV Research Analysis MuleSoft shows the highest Strategic Development index.
MuleSoft owned by Salesforce provides
Their operations are distributed across North America, Europe, Australia, and New Zealand and customers being mostly mid-size and large companies.
MuleSoft’s major strength when compared to its key players is its
Product Strategy: Provides both API management and integration capabilities resonates strongly with many organizations that require both these capabilities for their organization.
Marketing Execution: Their global strategy team comprises a team of industry champions and solution experts who advise the customers on MuleSoft technology and they also demonstrate thought leadership through their blogs, whitepapers, and events.
Planning and Design: They have the center for enablement teams that work closely with their customers to help them implement and use MuleSoft’s platform and APIs.
Conclusion
MuleSoft has been named a leader in both the Gartner Reports Magic Quadrant for Full Life Cycle API Management and Magic Quadrant for Enterprise Integration Platform as a Service (iPaaS) and has been recognized as a leader by Gartner 6 times in a row, MuleSoft has also been named a leader in a lot of leading research reports as seen in this blog.
MuleSoft has reached this position due to its innate ability to provide the widest variety of use cases such as integration of APIs, management of APIs production, and open banking of APIs across multiple industries and their services span across various geographic locations by understanding the current market trends and their customers’ wants.
Salesforce’s MuleSoft is the best Full Life Cycle API Management Software that you can choose to propel your business’ modernization and digitization needs!
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B2B Lead Generation Expert | Global Marketing | Focused on APAC & North America
2yMirza, thanks for sharing!