Security News > 2023 > July > API tools and services are fueling revenue growth

As more companies recognize APIs as the building blocks of modern software, API tools and services are evolving to meet their needs, according to 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," said Abhinav Asthana, CEO of Postman.

Almost two-thirds of respondents say their APIs generate revenue.

60% of API professionals say they're using generative AI. More than half of those use it to find bugs in their code, and over a third are relying on AI to generate code.

At the same time, fewer respondents expect to cut API investments this year.

API security improved for most respondents, with the frequency of incidents down in 2023.

News URL

https://www.helpnetsecurity.com/2023/07/07/api-first-approach-to-software-development/