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Introduction

Many enterprises have invested in the skills needed for exploiting APIs as a strategic business asset, and API platforms are already realizing the benefits of a far-sighted business-IT strategy.

Highlights

  • The API platforms market is expected to grow at a CAGR of 62.2% over the period 2017–22.
  • As per Ovum's ICT Enterprise Insights survey, about 26% of respondent enterprises are planning strategic investment in API platforms over the next 18-month period.

Features and Benefits

  • Understand key features and capabilities of an API platform.
  • Gain insight into the evolution of the global API platform market and vendors.

Key questions answered

  • Which factors are driving adoption of API platforms?
  • What are the key features and capabilities of an API platform?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises

Enterprise API initiative leaders should follow API- and design-first principles for productization of APIs

  • In the end it is all about designing good APIs that meet business requirements

The API platforms market is growing at a rapid pace

  • A unified platform for rapid composition, lifecycle management, and monetization of APIs

It is time to think of APIs as flexible interfaces to digital services

  • API platforms are crucial for realizing business value from enterprise API initiatives

Appendix

  • Methodology
  • Further reading
  • Author