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Report: APIs chargeable for over 1 / 4 of income for practically half of all firms


That is based on Postman’s 2023 State of the API report, which revealed that just about two-thirds of respondents are producing income from their APIs. Of these, 43% generate over 1 / 4 of their firm’s income by APIs.

Respondents judged the success of APIs by how a lot income they carry in, which is the second measure of success behind utilization. 

API customers additionally view worth as a high consideration for 47% of respondents when deciding whether or not or to not combine with an API. For the previous two years it had been at 41% of respondents, and Postman believes this enhance is a consequence of the present financial state of affairs. 

Funding in APIs can be going robust, with 92% of respondents believing funding will rise or keep the identical over the subsequent two years, presumably indicating that some consider that the worst of the financial downturn in tech is over. 

There was additionally a rise within the variety of firms who self-identify as “API-first leaders,” that are those that excel in metrics, comparable to how briskly they’ll produce APIs and the way rapidly they’ll get well when APIs go down. Within the earlier two years solely 8% recognized this manner, in comparison with 11% this 12 months. 

“The State of the API Report sheds gentle on the realities of API utilization and the way APIs are delivering worth to trendy organizations,” stated Abhinav Asthana, co-founder and CEO of Postman. “Extra firms are adopting an API-first strategy to software program improvement, and for the second 12 months in a row, outperforming organizations that haven’t. Past the technical benefits, organizations are additionally seeing a direct affect on their backside line, reporting their APIs as income mills. This outlook, mixed with the rising use of AI instruments, is essentially altering our relationship to software program and the way in which we construct it — and APIs are on the middle of this shift.”

This 12 months the corporate added a brand new class to the survey: generative AI. They discovered that 60% of respondents are utilizing generative AI. Over half are utilizing it for debugging and over a 3rd use it to write down code. 

In addition they discovered that API safety improved this 12 months for many respondents and the variety of safety incidents additionally decreased. Nevertheless, in sure sectors — automotive, schooling, and retail — incidents occured at larger than common charges. 

Postman’s State of the API report surveyed over 40,000 tech professionals from firms of various sizes throughout completely different ndustries, together with monetary, expertise, and healthcare.

 

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