The North America API Marketplace Market would witness market growth of 16.2% CAGR during the forecast period (2023-2030).
API marketplaces also resolve the issue of trust for API subscribers. In the case of platform verification, a developer is only accountable for producing high-quality work and does not need to persuade a potential API subscriber to trust it. Since there is little cognitive effort involved during the purchasing process, conversion rates for suppliers significantly rise when the platform is responsible for the curation and quality assurance of the offerings in the marketplace.
Essential maintenance and support become a burden when the number of third-party APIs that need to be integrated into a project surpasses a certain threshold. A marketplace platform provides a single-entry point for hundreds of API services. Suppose one is a subscriber to an API marketplace. In that case, it can simply switch weather API providers without changing the keys or subscribe to new services such as financial data to enhance the application.
API marketplaces are essential for developing a successful API strategy. They allow API providers and developers to connect and ensure APIs achieve their intended purpose, driving API consumption and application integration. An API marketplace assists developers in searching for and using the APIs that bring together many API producers in a single view. In addition to the characteristics of a portal, a marketplace aggregates various components into a single panel and enables API buyers and sellers to connect.
The consumerization of IT is causing a significant increase in mobility in the North America region and an explosion in smart mobile devices, which is assisting in expanding the telecom API. In addition, with the growing demand for cost-effective and user-friendly browser-based communication solutions, several notable vendors are planning to introduce vertical-specific WebRTC and cloud solutions in the region, which is anticipated to increase the adoption of API in the telecom sector. The increased acceptance of API in the telecom industry will likely assist in expanding the regional market.
The US market dominated the North America API Marketplace Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.6 billion by 2030. The Canada market is poised to grow at a CAGR of 18.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 17.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America API Marketplace Market, by Component
1.4.2 North America API Marketplace Market, by Organization Size
1.4.3 North America API Marketplace Market, by End User
1.4.4 North America API Marketplace Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in API marketplace Market
Chapter 5. North America API Marketplace Market by Component
5.1 North America Platform Market by Country
5.2 North America Services Market by Country
Chapter 6. North America API Marketplace Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America API Marketplace Market by End User
7.1 North America Consumer Market by Country
7.2 North America API Marketplace Market by Consumers Type
7.2.1 North America Telecom & Marketing Market by Country
7.2.2 North America Financial Services Market by Country
7.2.3 North America Healthcare Market by Country
7.2.4 North America Others Market by Country
7.3 North America API Providers Market by Country
Chapter 8. North America API Marketplace Market by Country
8.1 US API Marketplace Market
8.1.1 US API Marketplace Market by Component
8.1.2 US API Marketplace Market by Organization Size
8.1.3 US API Marketplace Market by End User
8.1.3.1 US API Marketplace Market by Consumers Type
8.2 Canada API Marketplace Market
8.2.1 Canada API Marketplace Market by Component
8.2.2 Canada API Marketplace Market by Organization Size
8.2.3 Canada API Marketplace Market by End User
8.2.3.1 Canada API Marketplace Market by Consumers Type
8.3 Mexico API Marketplace Market
8.3.1 Mexico API Marketplace Market by Component
8.3.2 Mexico API Marketplace Market by Organization Size
8.3.3 Mexico API Marketplace Market by End User
8.3.3.1 Mexico API Marketplace Market by Consumers Type
8.4 Rest of North America API Marketplace Market
8.4.1 Rest of North America API Marketplace Market by Component
8.4.2 Rest of North America API Marketplace Market by Organization Size
8.4.3 Rest of North America API Marketplace Market by End User
8.4.3.1 Rest of North America API Marketplace Market by Consumers Type
Chapter 9. Company Profiles
9.1 R Software Inc.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.2.2 Acquisition and Mergers:
9.2 Celigo, Inc.
9.2.1 Company Overview
9.3 Gravitee Topco Limited
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.4 CompanyHub IT Solutions Pvt. Ltd.
9.4.1 Company Overview
9.5 Abstract API Inc
9.5.1 Company Overview
9.6 Zapier, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.7 beNovelty Limited
9.7.1 Company Overview
9.8 Apilayer Data Products GmbH (Idera, Inc.)
9.8.1 Company Overview
9.9 Salesforce, Inc. (MuleSoft)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.5.2 Acquisition and Mergers:
9.10. ServiceNow, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Acquisition and Mergers:
TABLE 1 North America API Marketplace Market, 2019 - 2022, USD Million
TABLE 2 North America API Marketplace Market, 2023 - 2030, USD Million
TABLE 3 North America API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 4 North America API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 5 North America Platform Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Platform Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 9 North America API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 10 North America API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 11 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Small & Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 15 North America API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 16 North America API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 17 North America Consumer Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Consumer Market by Country, 2023 - 2030, USD Million
TABLE 19 North America API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 20 North America API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 21 North America Telecom & Marketing Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Telecom & Marketing Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Financial Services Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Financial Services Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 29 North America API Providers Market by Country, 2019 - 2022, USD Million
TABLE 30 North America API Providers Market by Country, 2023 - 2030, USD Million
TABLE 31 North America API Marketplace Market by Country, 2019 - 2022, USD Million
TABLE 32 North America API Marketplace Market by Country, 2023 - 2030, USD Million
TABLE 33 US API Marketplace Market, 2019 - 2022, USD Million
TABLE 34 US API Marketplace Market, 2023 - 2030, USD Million
TABLE 35 US API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 36 US API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 37 US API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 38 US API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 39 US API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 40 US API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 41 US API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 42 US API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 43 Canada API Marketplace Market, 2019 - 2022, USD Million
TABLE 44 Canada API Marketplace Market, 2023 - 2030, USD Million
TABLE 45 Canada API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 46 Canada API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 47 Canada API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 48 Canada API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 49 Canada API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 50 Canada API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 51 Canada API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 52 Canada API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 53 Mexico API Marketplace Market, 2019 - 2022, USD Million
TABLE 54 Mexico API Marketplace Market, 2023 - 2030, USD Million
TABLE 55 Mexico API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 56 Mexico API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 57 Mexico API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 58 Mexico API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 59 Mexico API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 60 Mexico API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 61 Mexico API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 62 Mexico API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 63 Rest of North America API Marketplace Market, 2019 - 2022, USD Million
TABLE 64 Rest of North America API Marketplace Market, 2023 - 2030, USD Million
TABLE 65 Rest of North America API Marketplace Market by Component, 2019 - 2022, USD Million
TABLE 66 Rest of North America API Marketplace Market by Component, 2023 - 2030, USD Million
TABLE 67 Rest of North America API Marketplace Market by Organization Size, 2019 - 2022, USD Million
TABLE 68 Rest of North America API Marketplace Market by Organization Size, 2023 - 2030, USD Million
TABLE 69 Rest of North America API Marketplace Market by End User, 2019 - 2022, USD Million
TABLE 70 Rest of North America API Marketplace Market by End User, 2023 - 2030, USD Million
TABLE 71 Rest of North America API Marketplace Market by Consumers Type, 2019 - 2022, USD Million
TABLE 72 Rest of North America API Marketplace Market by Consumers Type, 2023 - 2030, USD Million
TABLE 73 Key Information – R Software Inc.
TABLE 74 Key Information – Celigo, Inc.
TABLE 75 Key Information – Gravitee Topco Limited
TABLE 76 Key Information – CompanyHub IT Solutions Pvt. Ltd.
TABLE 77 Key Information – Abstract API Inc
TABLE 78 Key Information – zapier, inc.
TABLE 79 Key Information – benovelty limited
TABLE 80 Key Information – Apilayer Data Products GmbH
TABLE 81 Key Information – Salesforce, Inc.
TABLE 82 Key Information – ServiceNow, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America API Marketplace Market share by Component, 2022
FIG 6 North America API Marketplace Market share by Component, 2030
FIG 7 North America API Marketplace Market by Component, 2019 - 2030, USD Million
FIG 8 North America API Marketplace Market share by Organization Size, 2022
FIG 9 North America API Marketplace Market share by Organization Size, 2030
FIG 10 North America API Marketplace Market by Organization Size, 2019 - 2030, USD Million
FIG 11 North America API Marketplace Market share by End User, 2022
FIG 12 North America API Marketplace Market share by End User, 2030
FIG 13 North America API Marketplace Market by End User, 2019 - 2030, USD Million
FIG 14 North America API Marketplace Market share by Country, 2022
FIG 15 North America API Marketplace Market share by Country, 2030
FIG 16 North America 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.