Microsoft released Azure API Management Premium v2 with a redesigned architecture that removes management traffic from customer VNets, simplifying private networking setup. Key features include Inbound Private Link for restricted access, availability zone support for resilience, and custom CA certificate validation. The new tier offers four networking options (VNet Injection, VNet Integration, Private Endpoint, and None) with complete flexibility for traffic routing through on-premises, NVAs, or WAF devices. Currently available in six regions with pricing starting around $700/month for Standard V2 with VNet integration, though some engineers note this represents significant cost compared to self-hosted alternatives.
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