Is small from a VC prospective. Especially in 2015-2020. Everything under 1B is tiny. Plus, when there are soo many players you will end up fighting like crazy just the get bread crumbs.
API management is not big. Is under $500M/year [1] - plus most of the features are becoming commodities. Take a look at the open source KONG API gateway [2]
Smart move for AWS, but they are not innovating nothing here, just following. Late.
Companies like Apigee/Mashape/3scale/Mulesoft have been doing cloud API management in various forms since 2008. Even Microsoft Azure has an API management offering since two years.
Nowadays all those API gateway features are commodities and doesn't make sense to pay for it anymore. Indeed Open Source projects such as KONG [1] are getting tremendous tractions. Same things happened in search with all cloud solutions and then ElasticSearch came out and was game over.
Apps that follow the microservice pattern will not consist entirely of independent services, as there is still a need for a central component that can do request handler for responding to user events or routing and initiating individual service processes.
To reduce complexity and centralize common functionalities API Gateways such as KONG (https://github.com/mashape/kong) are the base of microservice architectures.
Do you guys use Kong (https://github.com/mashape/kong) or similar open-source solutions for API management; went with commercial services such as Mashery or you built that in house?
That's why we need more open source under MIT license in the API space.
Fast growing OSS projects like KONG [1] for API management or Strongloop are a way to avoid to invest in technologies that are not fully open or usable under the right license.
Open-source API Management KONG (https://github.com/mashape/kong), which is based on NGINX, uses the same workaround of Async wrapppers to make requests faster.
There is http://mashape.com too. They have almost 3000 APIs, fully documented, with SDKs in Java/Android, PHP, Ruby, Python, iOS and Win8. And an interactive test console for each endpoint + real-time status and avg latency.