Within just the last few years, API management exploded into a critical component of every enterprise IT infrastructure.
And it's not just about large corporations with substantial budgets embracing an API-first approach - small businesses and startups are also increasingly more reliant on APIs to run their operations.
In fact, the API market is projected to grow by roughly 600% by 2031.
To get the most out of APIs, making them more accessible to developers and non-technical users alike has to be a top priority - a task much more attainable with a powerful API Management platform.
But with so many options out there, how do you make the right choice?
In this article, we review the best API management platforms and tools to boost the value of your API assets.
What Are the Best API Management Tools in 2022?
Microsoft Azure API Management
IBM API Connect
Apigee is Google’s API management platform that helps enterprises build, deploy and manage applications in the cloud.
With Apigee, you can easily manage your API infrastructure and innovate faster than ever before.
Apigee Hybrid - The platform provides you with great flexibility when it comes to deployment. With Apigee, you can host your APIs on-premise, in the cloud, or opt for the hybrid deployment option.
Developer Portals - Enable developers and partners to learn how to make the most out of APIs with the help of accessible documentation, self-service processes, and other features to boost your adoption rates.
AAPI Ops - Leverage the power of AI to monitor your API performance, automatically detect unusual traffic patterns, and accurately trigger alerts to help your team quickly respond to technical issues and cyber threats.
API Monetization - Cultivate additional revenue streams and maximize the business value of your API assets using a wide spectrum of monetization models, service packages, and integrations.
Powerful Analytics Tools - Analyze your usage patterns to understand how you can better address the needs of your API consumers.
Apigee comes with four plans based on your unique API needs: Evaluation, Standard, Enterprise, and Enterprise Plus.
Evaluation - This pricing plan is perfect for those looking to explore whether Apigee is a good fit for their business. The 60-day plan includes 100,000 API calls per month, two environments, and basic analytics reporting capabilities.
Standard - This pricing package includes 180 million API calls annually, 99% runtime SLA, and more work environments.
Enterprise - This service package is geared towards rapidly growing organizations that need to scale up their API infrastructure, providing 1,2 billion API calls on an annual basis, more environments, advanced analytics reports, and custom support for a hybrid deployment.
Enterprise Plus - The ultimate package for large organizations, including 12 billion API calls, more top-level containers, and more extensive reporting.
Why we recommend this tool: Apigee is a household name in the API management space, providing best-in-class tools for effectively working with your API assets - regardless of the size of your organization.
Microsoft' Azure API management platform is a comprehensive solution for the entire API lifecycle that empowers developers and organizations to create, publish, manage, and monitor APIs.
Using this API management platform, you can control access to your APIs with authentication and authorization mechanisms, easily publish APIs to external and internal API consumers, analyze usage data to optimize your API design, and more.
Distributed API Management - Host your APIs in the cloud (using Azure or other third-party solutions) and on-premises.
Advanced Security Measures - From implementing authentication and authorization mechanisms to filtering IP addresses and setting custom usage limits, the platform helps you keep your APIs safe from data breaches and other cyber threats.
API Mocking - Develop your API solutions faster than ever before, streamline the entire development process, and avoid unnecessary entanglements by decoupling frontend from backend.
This API management tool comes with six different pricing packages to scale as you grow:
Consumption ($0.035 per 10,000 calls) - This pay-as-you-go plan is perfect for small teams that want to test out the platform.
Developer ($0.07/hour) - This pricing package was designed for non-production use cases, unlocking access to their developer portal, self-hosted gateway, and multiple custom domain names.
Basic ($0.21/hour) - This plan is an excellent option for small to mid-sized APIs that don’t need a lot of bandwidth.
Standard ($0.95/hour) - This option is great for organizations looking to scale up their APIs.
Premium ($3.83/hour) - The pricing package is perfect for large organizations that need extensive API resources.
Isolated - A custom pricing plan for enterprises that have unique API needs.
MuleSoft is a leading provider of API management tools that enable organizations to seamlessly work with their API assets.
With its Anypoint Platform, you can easily create APIs, manage complex integrations, and securely expose your APIs to the world.
API Lifecycle Management - MuleSoft offers an end-to-end solution to all of your API needs to effectively design, develop, and maintain your APIs.
Hundreds of Out-of-the-box Connectors & Templates - Connect instantly to mainframes, ERP systems, and SaaS applications.
Flexible Deployment Options - Deploy your API in the cloud, on-premise, or go the hybrid deployment route.
Anypoint Monitoring - Analyze crucial API metrics such as the number of inbound or outbound requests and average response times - all in one place.
Robust API Security Tools - From tokenizing your data to deploying the Edge gateway, MuleSoft provides a wide range of tools to protect your APIs from hackers.
MuleSoft comes with three plans: Gold, Platinum, and Titanium - the pricing packages are built to scale as your API ecosystem expands.
Gold - The plan provides access to the core functionalities of the platform for you to get started.
Platinum - This option unlocks enterprise features to accelerate your growth, including global cloud and flexible hybrid deployment, business groups, and external identity management.
Titanium - The plan unlocks mission-critical capabilities, including advanced data analysis and distributed log management.