Report

API Security Market Navigator: Consolidating While Proliferating

API security and WAAP firms have extended their feature sets to capture a greater share of the API security market.
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The financial services (FS) sector stands at an unprecedented inflection point in API security, wherein the confluence of digital transformation imperatives and sophisticated cyberthreats is fundamentally reshaping institutional priorities and investment strategies. This evolution reflects a strategic recognition that modern financial ecosystems require integrated, comprehensive security frameworks rather than fragmented point solutions.

This report provides FS executives with a comprehensive strategic framework for navigating the complex intersection of API security investment decisions and business growth objectives with an analysis of over 130 vendors across API security and WAAP solutions. It is based on a select set of relevant survey results from a Datos Insights Q3 2024 survey of 100 FS buyers, additional interviews with providers, and extensive market research.

Clients of Datos Insights’ Cybersecurity service can download this report.

This report mentions these API vendors: Cequence, FireTail, Kong, Salt Security, and Wallarm. It also profiles these WAAP vendors: F5, Imperva, and Radware.

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