TRENDS IN THE API INDUSTRY

The economy of application programming interfaces (APIs) is rolling forward at full speed. The API administration industry alone is predicted to grow 35% by 2025, owing to the large number of web APIs that are being released. Microservices architectures, public product initiatives, SaaS platform offers, IoT, and partner-partner interactions have all embraced APIs.

We’ll look at how these developments affect API strategy and what developers need to know to keep on top of their apps in the sections below.

  • APIs are being embraced by companies that aren’t in the software industry: As software consumes the globe, more businesses are transforming into software businesses. And, as part of this digital transition, an API strategy is essential. Increased API strategy among traditionally non-software industries, according to Rodda, is a huge trend.
  • Internal API-First Adoption is on the Rise: Internal use cases are less frequently explored, but they are common in large companies, according to Rodda. Previously, development teams paid less attention to internal service style standards and documentation, but he now finds that this is changing. Teams are being influenced by the zero-trust approach to define and standardize internal APIs as if they were external-facing APIs.
  • The Increasing Demand for API Security: APIs have a problem with security. Many people don’t handle authorization properly, exposing way too much data. A hacker can frequently increase their credentials or just substitute a new user ID in an API call to return large amounts of sensitive data or even edit the data. Many HTTP API endpoints that claim to be private aren’t actually private. As a result, OWASP considers broken object-level authorization to be a major API flaw.

The market has grown and is always evolving, with new API use cases being introduced across all industries. Because of this, an API program is more important than ever to maintain a high-quality developer experience and stay competitive. There are also a variety of styles and specifications to choose from, making developing the best API strategy a changing target. Developers now have a strong responsibility to maintain good security and reliability for these integration points in the face of rising threats.

Learn more about the trends in the API industry with us at our event on First Annual API Management Online Summit held on 18th May 2022.

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