API Management refers to the process of overseeing and controlling the application programming interfaces (APIs) that allow different software applications to communicate with each other. It involves creating, publishing, and monitoring APIs to ensure they function correctly and securely. This management helps organizations streamline their services and improve collaboration between different systems. Effective API Management also includes enforcing security measures, managing access, and analyzing usage patterns. By doing so, businesses can optimize their API performance, enhance user experience, and ensure compliance with regulations. Overall, it plays a crucial role in modern software development and integration.