According to a new report, published by KBV research, The Global API Marketplace Market size is expected to reach $47.8 billion by 2030, rising at a market growth of 17.6% CAGR during the forecast period.
The Services segment is experiencing a CAGR of 18.5% during (2023 - 2030). API marketplace services include a variety of functionalities and tools that streamline the API exchange procedure, support evaluation and acquisition, enable efficient management, and promote collaboration within the marketplace community. Marketplace services refer to the marketplace's variety of services to facilitate APIs' discovery, evaluation, acquisition, and management.
The Large Enterprises segment is leading the Global API Marketplace Market by Organization Size in 2022; thereby, achieving a market value of $27.7 billion by 2030. Large enterprises can significantly reduce the time and expenses associated with developing in-house solutions by utilizing APIs from the market. Instead of allocating resources to create and sustain complex functionalities, they can rapidly integrate existing APIs, accelerating their projects, and decreasing development costs.
The API Providers segment is showcasing a CAGR of 18.7% during (2023 - 2030). API marketplaces provide API providers with increased visibility, extended business opportunities, simplified distribution, monetization options, community engagement, access to analytics, and enhanced branding. The marketplaces for application programming interfaces provide providers with new business opportunities. They connect providers with consumers actively pursuing these solutions, resulting in collaborations, partnerships, and potential revenue streams via API monetization.
The North America region dominated the Global API Marketplace Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $16.2 billion by 2030. The Europe region is anticipated to grow at a CAGR of 17.4% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 18.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/api-marketplace-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Component
By Organization Size
By End User
By Geography
Companies Profiled
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