The Latin America, Middle East and Africa API Marketplace Market would witness market growth of 22.6% CAGR during the forecast period (2023-2030).
Consumers can select from various reasonably priced options in the market rather than creating distinctive solutions or interfaces appropriate for application programming from scratch. Some marketplaces include adaptable pricing models, like pay-as-you-go or subscription-based plans, enabling consumers to align costs with usage and budget.
API marketplace assists API providers in expanding their businesses. Regardless of the type of offering, digital marketplaces facilitate the suppliers' access to larger audiences. Since many suppliers list their products or services in a marketplace, many customers are attracted to the platform through organic and digital marketing efforts. Exposure to large masses is one of the most important advantages of being a supplier in a digital marketplace.
When attempting to create a brand online for the service, it must invest in the website, social media, digital marketing, content, etc. It would be unreasonable to expect an API developer to possess these skills, provided each area requires a unique skill set to succeed. In this situation, offering high-quality APIs, receiving positive feedback, and consistently keeping the work up-to-date are all much superior strategies to market the API marketplace.
The UAE government compares an application programming interface (API) to a building block of a digital ecosystem. The UAE government is dedicated to enhancing its society and economy through APIs. Adopting a digital lifestyle and innovation is expected to be accelerated by the API First Guidelines. It is an architectural strategy centered on APIs that promotes organizational adaptability and industry-wide innovation. Early entrants in open banking in the Middle East include fintechs like Tarabut Gateway (Dubai), Lean (Saudi Arabia), and Dapi (Dubai). These startups have created APIs that facilitate interaction among banks and fintech companies. The increasing adoption of open banking and API and the government's favourable attitude are expected to contribute to the expansion of the regional API market.
The Brazil market dominated the LAMEA API Marketplace Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $967.5 million by 2030. The Argentina market is anticipated to grow at a CAGR of 23.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 22.2% during (2023 - 2030).
Based on Component, the market is segmented into Platform and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Consumer (Telecom & Marketing, Financial Services, Healthcare and Others) and API Providers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide API Marketplace Market is Projected to reach USD 47.8 Billion by 2030, at a CAGR of 17.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include R Software Inc., Celigo, Inc., Gravitee Topco Limited, Apilayer Data Products GmbH (Idera, Inc.), CompanyHub IT Solutions Pvt. Ltd., Abstract API Inc, Zapier, Inc., Salesforce, Inc. (MuleSoft), ServiceNow, Inc., and beNovelty Limited.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- Consumer
- Telecom & Marketing
- Financial Services
- Healthcare
- Others
- API Providers
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- R Software Inc.
- Celigo, Inc.
- Gravitee Topco Limited
- Apilayer Data Products GmbH (Idera, Inc.)
- CompanyHub IT Solutions Pvt. Ltd.
- Abstract API Inc
- Zapier, Inc.
- Salesforce, Inc. (MuleSoft)
- ServiceNow, Inc.
- beNovelty Limited
TABLE 1 LAMEA API Marketplace Market, 2019 - 2022, USD Million
TABLE 2 LAMEA API Marketplace Market, 2023 - 2030, USD Million
TABLE 3 LAMEA API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 4 LAMEA API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 5 LAMEA Platform Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Platform Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Services Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 10 LAMEA API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 11 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Small & Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 16 LAMEA API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 17 LAMEA Consumer Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Consumer Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 20 LAMEA API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 21 LAMEA Telecom & Marketing Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Telecom & Marketing Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Financial Services Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Financial Services Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA API Providers Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA API Providers Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA API Marketplace Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA API Marketplace Market by Country, 2023 - 2030, USD Million
TABLE 33 Brazil API Marketplace Market, 2019 - 2022, USD Million
TABLE 34 Brazil API Marketplace Market, 2023 - 2030, USD Million
TABLE 35 Brazil API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 36 Brazil API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 37 Brazil API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 38 Brazil API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 39 Brazil API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 40 Brazil API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 41 Brazil API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 42 Brazil API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 43 Argentina API Marketplace Market, 2019 - 2022, USD Million
TABLE 44 Argentina API Marketplace Market, 2023 - 2030, USD Million
TABLE 45 Argentina API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 46 Argentina API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 47 Argentina API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 48 Argentina API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 49 Argentina API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 50 Argentina API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 51 Argentina API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 52 Argentina API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 53 UAE API Marketplace Market, 2019 - 2022, USD Million
TABLE 54 UAE API Marketplace Market, 2023 - 2030, USD Million
TABLE 55 UAE API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 56 UAE API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 57 UAE API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 58 UAE API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 59 UAE API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 60 UAE API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 61 UAE API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 62 UAE API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia API Marketplace Market, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia API Marketplace Market, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 73 South Africa API Marketplace Market, 2019 - 2022, USD Million
TABLE 74 South Africa API Marketplace Market, 2023 - 2030, USD Million
TABLE 75 South Africa API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 76 South Africa API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 77 South Africa API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 78 South Africa API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 79 South Africa API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 80 South Africa API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 81 South Africa API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 82 South Africa API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 83 Nigeria API Marketplace Market, 2019 - 2022, USD Million
TABLE 84 Nigeria API Marketplace Market, 2023 - 2030, USD Million
TABLE 85 Nigeria API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 86 Nigeria API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 87 Nigeria API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 88 Nigeria API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 89 Nigeria API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 90 Nigeria API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 91 Nigeria API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 92 Nigeria API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 93 Rest of LAMEA API Marketplace Market, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA API Marketplace Market, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 97 Rest of LAMEA API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 101 Rest of LAMEA API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 103 Key Information – R Software Inc.
TABLE 104 Key Information – Celigo, Inc.
TABLE 105 Key Information – Gravitee Topco Limited
TABLE 106 Key Information – CompanyHub IT Solutions Pvt. Ltd.
TABLE 107 Key Information – Abstract API Inc
TABLE 108 Key Information – zapier, inc.
TABLE 109 Key Information – benovelty limited
TABLE 110 Key Information – Apilayer Data Products GmbH
TABLE 111 Key Information – Salesforce, Inc.
TABLE 112 Key Information – ServiceNow, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA API Marketplace Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting API Marketplace Market
FIG 4 Porter’s Five Forces Analysis – API marketplace market
FIG 5 LAMEA API Marketplace Market share by Component, 2022
FIG 6 LAMEA API Marketplace Market share by Component, 2030
FIG 7 LAMEA API Marketplace Market by Component, 2019 - 2030, USD Million
FIG 8 LAMEA API Marketplace Market share by Organization Size, 2022
FIG 9 LAMEA API Marketplace Market share by Organization Size, 2030
FIG 10 LAMEA API Marketplace Market by Organization Size, 2019 - 2030, USD Million
FIG 11 LAMEA API Marketplace Market share by End User, 2022
FIG 12 LAMEA API Marketplace Market share by End User, 2030
FIG 13 LAMEA API Marketplace Market by End User, 2019 - 2030, USD Million
FIG 14 LAMEA API Marketplace Market share by Country, 2022
FIG 15 LAMEA API Marketplace Market share by Country, 2030
FIG 16 LAMEA API Marketplace Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: R Software Inc.
FIG 18 SWOT Analysis: R Software Inc.
FIG 19 SWOT Analysis: Celigo, Inc.
FIG 20 SWOT Analysis: Gravitee Topco Limited
FIG 21 SWOT Analysis: CompanyHub IT Solutions Pvt. Ltd.
FIG 22 SWOT Analysis: Abstract API Inc
FIG 23 SWOT Analysis: Zapier, Inc.
FIG 24 SWOT Analysis: Apilayer Data Products GmbH
FIG 25 SWOT Analysis: Salesforce.com, Inc.
FIG 26 Recent strategies and developments: ServiceNow, Inc.
FIG 27 SWOT Analysis: ServiceNow, Inc.