Article for The New Stack by Eric Newcomer
While API management has become a commodity, the industry must address five new areas: regulation, verticalization, security, foundational business infrastructure and no-code development.
NEW YORK — The recent Global API Days conference delved into current API management trends, indicating that the market continues to grow with a clear trend toward breaking out components of current API management to create best-of-breed solutions for specific capabilities such as API security, federated marketplaces, and analytics, and testing.
The event featured a virtual Who’s Who in the API industry.
For instance, in a keynote, API Days co-founder and Chairman Mehdi Medjaoui, said that API management has become a commodity. Medjaoui listed five new areas for the $175B API software industry (growing 30% annually) to address: regulation, verticalization, security, foundational business infrastructure, and no code development.
Meanwhile, Gartner’s Chief of Research for Software Engineering, Mark O’Neill, said that 94% of organizations are adopting APIs and two-thirds are using some form of API management software.
Read this entire blockbuster article on The New Stack here: https://thenewstack.io/api-management-is-a-commodity-whats-next/
Eric Newcomer is CTO at Intellyx. He has served as CTO for leading integration vendors WSO2 and IONA Technologies and as Chief Architect for major enterprises such as Citibank and Credit Suisse. He has created some of the best-known industry standards and university textbooks in use today.
Gravitee is an Intellyx customer, and Solace and WSO2 are former Intellyx customers. None of the other organizations mentioned in this article is an Intellyx customer.
