Skip to main content

Report: APIs responsible for over a quarter of revenue for nearly half of all companies

This is according to Postman’s 2023 State of the API report, which revealed that nearly two-thirds of respondents are generating revenue from their APIs. Of those, 43% generate over a quarter of their company’s revenue through APIs.

Respondents judged the success of APIs by how much revenue they bring in, which is the second measure of success behind usage. 

API users also view price as a top consideration for 47% of respondents when deciding whether or not to integrate with an API. For the past two years it had been at 41% of respondents, and Postman believes this increase is a result of the current economic situation. 

Investment in APIs is also going strong, with 92% of respondents believing investment will rise or stay the same over the next two years, possibly indicating that some believe that the worst of the economic downturn in tech is over. 

There was also an increase in the number of companies who self-identify as “API-first leaders,” which are those who excel in metrics, such as how fast they can produce APIs and how quickly they can recover when APIs go down. In the previous two years only 8% identified this way, compared to 11% this year. 

“The State of the API Report sheds light on the realities of API usage and how APIs are delivering value to modern organizations,” said Abhinav Asthana, co-founder and CEO of Postman. “More companies are adopting an API-first approach to software development, and for the second year in a row, outperforming organizations that haven’t. Beyond the technical advantages, organizations are also seeing a direct impact on their bottom line, reporting their APIs as revenue generators. This outlook, combined with the rising use of AI tools, is fundamentally changing our relationship to software and the way we build it — and APIs are at the center of this shift.”

This year the company added a new category to the survey: generative AI. They found that 60% of respondents are using generative AI. Over half are using it for debugging and over a third use it to write code. 

They also found that API security improved this year for most respondents and the number of security incidents also decreased. However, in certain sectors — automotive, education, and retail — incidents occured at higher than average rates. 

Postman’s State of the API report surveyed over 40,000 tech professionals from companies of varying sizes across different ndustries, including financial, technology, and healthcare.

 

The post Report: APIs responsible for over a quarter of revenue for nearly half of all companies appeared first on SD Times.



from SD Times https://ift.tt/buF1voS
Labels:

Comments

Post a Comment

Popular posts from this blog

A guide to data integration tools

CData Software is a leader in data access and connectivity solutions. It specializes in the development of data drivers and data access technologies for real-time access to online or on-premise applications, databases and web APIs. The company is focused on bringing data connectivity capabilities natively into tools organizations already use. It also features ETL/ELT solutions, enterprise connectors, and data visualization. Matillion ’s data transformation software empowers customers to extract data from a wide number of sources, load it into their chosen cloud data warehouse (CDW) and transform that data from its siloed source state, into analytics-ready insights – prepared for advanced analytics, machine learning, and artificial intelligence use cases. Only Matillion is purpose-built for Snowflake, Amazon Redshift, Google BigQuery, and Microsoft Azure, enabling businesses to achieve new levels of simplicity, speed, scale, and savings. Trusted by companies of all sizes to meet...
1 comment
Read more

2022: The year of hybrid work

Remote work was once considered a luxury to many, but in 2020, it became a necessity for a large portion of the workforce, as the scary and unknown COVID-19 virus sickened and even took the lives of so many people around the world.  Some workers were able to thrive in a remote setting, while others felt isolated and struggled to keep up a balance between their work and home lives. Last year saw the availability of life-saving vaccines, so companies were able to start having the conversation about what to do next. Should they keep everyone remote? Should they go back to working in the office full time? Or should they do something in between? Enter hybrid work, which offers a mix of the two. A Fall 2021 study conducted by Google revealed that over 75% of survey respondents expect hybrid work to become a standard practice within their organization within the next three years.  Thus, two years after the world abruptly shifted to widespread adoption of remote work, we are dec...
Post a Comment
Read more

October 2025: AI updates from the past month

OpenAI announces agentic security researcher that can find and fix vulnerabilities OpenAI has released a private beta for a new AI agent called Aardvark that acts as a security researcher, finding vulnerabilities and applying fixes, at scale. “Software security is one of the most critical—and challenging—frontiers in technology. Each year, tens of thousands of new vulnerabilities are discovered across enterprise and open-source codebases. Defenders face the daunting tasks of finding and patching vulnerabilities before their adversaries do. At OpenAI, we are working to tip that balance in favor of defenders,” OpenAI wrote in a blog post . The agent continuously analyzes source code repositories to identify vulnerabilities, assess their exploitability, prioritize severity, and propose patches. Instead of using traditional analysis techniques like fuzzing of software composition analysis, Aardvark uses LLM-powered reasoning and tool-use. Cursor 2.0 enables eight agents to work in pa...
Post a Comment
Read more