North America API Marketplace Market Size, Share & Industry Trends Analysis Report By Component (Platform and Services), By Organization Size, By End User, By Country and Growth Forecast, 2023 - 2030

North America API Marketplace Market Size, Share & Industry Trends Analysis Report By Component (Platform and Services), By Organization Size, By End User, By Country and Growth Forecast, 2023 - 2030


The North America API Marketplace Market would witness market growth of 16.2% CAGR during the forecast period (2023-2030).

API marketplaces also resolve the issue of trust for API subscribers. In the case of platform verification, a developer is only accountable for producing high-quality work and does not need to persuade a potential API subscriber to trust it. Since there is little cognitive effort involved during the purchasing process, conversion rates for suppliers significantly rise when the platform is responsible for the curation and quality assurance of the offerings in the marketplace.

Essential maintenance and support become a burden when the number of third-party APIs that need to be integrated into a project surpasses a certain threshold. A marketplace platform provides a single-entry point for hundreds of API services. Suppose one is a subscriber to an API marketplace. In that case, it can simply switch weather API providers without changing the keys or subscribe to new services such as financial data to enhance the application.

API marketplaces are essential for developing a successful API strategy. They allow API providers and developers to connect and ensure APIs achieve their intended purpose, driving API consumption and application integration. An API marketplace assists developers in searching for and using the APIs that bring together many API producers in a single view. In addition to the characteristics of a portal, a marketplace aggregates various components into a single panel and enables API buyers and sellers to connect.

The consumerization of IT is causing a significant increase in mobility in the North America region and an explosion in smart mobile devices, which is assisting in expanding the telecom API. In addition, with the growing demand for cost-effective and user-friendly browser-based communication solutions, several notable vendors are planning to introduce vertical-specific WebRTC and cloud solutions in the region, which is anticipated to increase the adoption of API in the telecom sector. The increased acceptance of API in the telecom industry will likely assist in expanding the regional market.

The US market dominated the North America API Marketplace Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.6 billion by 2030. The Canada market is poised to grow at a CAGR of 18.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 17.8% during (2023 - 2030).

Based on Component, the market is segmented into Platform and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Consumer (Telecom & Marketing, Financial Services, Healthcare and Others) and API Providers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 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.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Platform
  • Services
By Organization Size
  • Large Enterprises
  • Small & Medium Enterprises
By End User
  • Consumer
  • Telecom & Marketing
  • Financial Services
  • Healthcare
  • Others
  • API Providers
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • 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.
  • beNovelty Limited
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America API Marketplace Market, by Component
1.4.2 North America API Marketplace Market, by Organization Size
1.4.3 North America API Marketplace Market, by End User
1.4.4 North America API Marketplace Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in API marketplace Market
Chapter 5. North America API Marketplace Market by Component
5.1 North America Platform Market by Country
5.2 North America Services Market by Country
Chapter 6. North America API Marketplace Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America API Marketplace Market by End User
7.1 North America Consumer Market by Country
7.2 North America API Marketplace Market by Consumers Type
7.2.1 North America Telecom & Marketing Market by Country
7.2.2 North America Financial Services Market by Country
7.2.3 North America Healthcare Market by Country
7.2.4 North America Others Market by Country
7.3 North America API Providers Market by Country
Chapter 8. North America API Marketplace Market by Country
8.1 US API Marketplace Market
8.1.1 US API Marketplace Market by Component
8.1.2 US API Marketplace Market by Organization Size
8.1.3 US API Marketplace Market by End User
8.1.3.1 US API Marketplace Market by Consumers Type
8.2 Canada API Marketplace Market
8.2.1 Canada API Marketplace Market by Component
8.2.2 Canada API Marketplace Market by Organization Size
8.2.3 Canada API Marketplace Market by End User
8.2.3.1 Canada API Marketplace Market by Consumers Type
8.3 Mexico API Marketplace Market
8.3.1 Mexico API Marketplace Market by Component
8.3.2 Mexico API Marketplace Market by Organization Size
8.3.3 Mexico API Marketplace Market by End User
8.3.3.1 Mexico API Marketplace Market by Consumers Type
8.4 Rest of North America API Marketplace Market
8.4.1 Rest of North America API Marketplace Market by Component
8.4.2 Rest of North America API Marketplace Market by Organization Size
8.4.3 Rest of North America API Marketplace Market by End User
8.4.3.1 Rest of North America API Marketplace Market by Consumers Type
Chapter 9. Company Profiles
9.1 R Software Inc.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.2.2 Acquisition and Mergers:
9.2 Celigo, Inc.
9.2.1 Company Overview
9.3 Gravitee Topco Limited
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.4 CompanyHub IT Solutions Pvt. Ltd.
9.4.1 Company Overview
9.5 Abstract API Inc
9.5.1 Company Overview
9.6 Zapier, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.7 beNovelty Limited
9.7.1 Company Overview
9.8 Apilayer Data Products GmbH (Idera, Inc.)
9.8.1 Company Overview
9.9 Salesforce, Inc. (MuleSoft)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.5.2 Acquisition and Mergers:
9.10. ServiceNow, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Acquisition and Mergers:

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