Find stats on top websites
Industry Landscape
The API security industry is rapidly expanding, driven by the proliferation of APIs and increasing cyber threats. It's moving towards more automated, integrated solutions within DevSecOps, with a significant emerging focus on securing AI/ML-driven applications and LLMs. Compliance and real-time monitoring are paramount.
Total Assets Under Management (AUM)
API Security Market Size in United States
~Over 2.2 billion USD
(24.5% CAGR)
- Driven by increasing API adoption across industries.
- Escalating cyber threats and data breaches necessitate robust security.
- Regulatory compliance (e.g., GDPR, CCPA) mandates API protection.
Total Addressable Market
12.9 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered API Threat Detection
Leveraging artificial intelligence and machine learning to proactively identify and mitigate sophisticated API threats, including novel attack vectors and zero-day exploits, by analyzing real-time traffic anomalies and behavioral patterns.
Homomorphic Encryption for API Data
Enabling computations on encrypted API data without decryption, offering unprecedented privacy and security for sensitive information exchanged via APIs, particularly in highly regulated industries.
Serverless and Edge API Security
Securing APIs deployed in serverless architectures and at the network edge, requiring new approaches to access control, runtime protection, and distributed threat monitoring in highly dynamic environments.
Impactful Policy Frameworks
Cybersecurity Maturity Model Certification (CMMC) 2.0 (2021)
CMMC 2.0 is a standardized cybersecurity framework for the U.S. Department of Defense (DoD) supply chain, requiring contractors to meet specific cybersecurity maturity levels to handle Federal Contract Information (FCI) and Controlled Unclassified Information (CUI).
This policy mandates that defense contractors adopt stringent cybersecurity practices, including API security, to protect sensitive government data, increasing demand for comprehensive API security solutions.
National Institute of Standards and Technology (NIST) AI Risk Management Framework (AI RMF 1.0) (2023)
The NIST AI RMF provides a voluntary framework for managing risks associated with artificial intelligence, focusing on trustworthy AI development, deployment, and use, including security and privacy considerations.
This framework encourages organizations, especially those using AI/ML, to implement robust security measures for AI components, directly boosting the need for Akto's MCP Security solution.
California Privacy Rights Act (CPRA) (2023)
The CPRA enhances consumer privacy rights in California, expanding on the CCPA, by providing consumers more control over their personal information and establishing the California Privacy Protection Agency (CPPA) for enforcement.
The CPRA necessitates rigorous data handling and security practices for APIs processing Californian consumer data, increasing the urgency for businesses to implement strong API security and data redaction capabilities.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
