API management is the process of designing, publishing, documenting and analyzing Application Programming Interface (API)  in a secure and scalable environment. By using an API management solution, a company can guarantee that their public and internal API are consumable and secure. API management is important because it enables developers and organizations to secure, scale, govern, analyze and monetize their API programs.

API management solutions usually offer a variety of features for users to perform the following tasks:

  • API design

API management solutions provide users (from developers to partners) the ability to design, publish and deploy API, also record documentation, security policies, usage limits, and other relevant information.

  • API gateway

As API become increasingly popular in the business world, API gateway is being hailed as an essential part of digital business. API management solutions basically has a function as an API gateway, that acts as a gatekeeper for all API by enforcing relevant API security policies, also guarantees the security.

  • API store

API management solutions allow users to keep their API in a place where they can expose them to internal or external stakeholders. This is called as API “store” that serves a place for APIs, where users can subscribe to APIs, obtain support from community and more.

  • API analytics

The function of API analytics in API management allow users to monitor API usage, load, transaction logs, historical data and other metrics that inform the status as well as API available.

The above features represent some of the major API management solutions in the market, but now API management solution comes with advanced features and benefits, such as the API management solution from PhinCon named Mulesoft’s Anypoint Platform.

For further information about PhinCon’s API management solution, please read the article “Optimizing the Benefits of API Management Solution for Businesses”.

Source:

https://www.mulesoft.com/resources/api/what-is-api-management

https://searchapparchitecture.techtarget.com/definition/API-management