API complexity derives from many factors which include various business units building their own APIs, multiple API gateways from multiple solution providers, and unmanaged APIs roaming wild.
Axway partnered with enterprise technology market research experts, Vanson Bourne, to survey 800 senior IT and business decision makers in the U.S., U.K., France, Germany, Australia, and Singapore. Their views on API complexity are eye-opening. Read the checklist to learn more.
API complexity checklist
Axway surveyed 800 senior IT and business decision-makers in the U.S., U.K., France, Germany, Australia, and Singapore. Their views on API complexity are eye-opening and detailed below.
4 things you need to know about API complexity
1. API complexity is growing
Today, the average enterprise uses three different API management vendors. This will grow by 33 percent to an average of four by 2023. Enterprises in the U.S. and Singapore will see five different vendors on average in two years. Successfully managing and governing APIs across a growing number of API gateway solutions will take an open platform approach to API management that offers a single point of control.
2. API complexity is holding enterprises back
API complexity negatively impacts the bottom line, delaying the launch of new digital projects and offerings and raising numerous challenges and pain points – from security to governance to innovation and many others.
A platform approach to API management gives you the control you need to bring unsanctioned APIs in from the wild and get the most out of the investments you already made.
3. Enterprises that master API complexity get ahead
API-first enterprises and enterprises that have mastered API complexity are moving ahead quickly. Those that build new APIs rapidly, reuse APIs, or speed up the partner onboarding process tend to launch more new digital projects and offerings annually than laggards. To compete, you need to innovate often and quickly. An open API management platform offers centralized access to APIs that empowers line-of-business owners, not just IT, to launch new initiatives.
4. Not all enterprises know how to master complexity
Enterprises want to move ahead, but many don’t know how. This is further complicated by the fact that some current API management vendors don’t offer critical capabilities like multi-vendor management or platform/standard openness. An open API management platform is designed to help you master API complexity because you can build and govern APIs across multiple vendors, teams, and environments – on-premises or in any cloud.
Learn about API Management Pricing.
