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API Investments Remain Strong As More Companies Embrace API-First Philosophy: Report

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Organizations continue to embrace technology for pandemic-driven organizational shifts, with API investments remaining strong, according to the 2021 State of the API Report released by Postman. It surveyed more than 28,000 developers and API professionals on a range of topics, including their organizations’ development priorities, how they get their work done, and where they see the industry going.

As a result of the pandemic and other tectonic shifts in market trends, many respondents said they had to digitally (and quickly) modernize their organization to better serve changing markets, while some other respondents said they had to pivot their business entirely. Common areas of investment included e-commerce, customer support via chat and text, and contactless digital systems—all of which relied on APIs. Because of the power of APIs, organizations were able to implement changes in weeks or months that would have otherwise taken years.

Key survey findings include:
● Organizations responded to the pandemic with APIs: Almost two-thirds of respondents stated that the pandemic somewhat or significantly affected their work, and almost half of those noted their organization’s changes were supported by APIs.
● The API ecosystem is growing: The reliance on APIs to support business and product shifts during the pandemic was reflected through the Postman API Platform. Over the past 12 months, Postman users made 855 million API requests (up 56% from the prior year), created 30 million collections (up 39%), and signed in from 234 different countries and geographies—including Antarctica.
● Developers are spending more time with APIs: 49% of respondents said that more than half of their organizations’ development effort is spent on APIs (compared to just over 40% last year), showing the prevalence of APIs in digital organizations’ technology stacks.
● API investments remain strong and steady as more companies embrace the API-first philosophy: An overwhelming 94% of respondents stated the investment of time and resources into APIs will increase or stay the same for the next 12 months. Additionally, in terms of embracing an API-first philosophy on a scale of one to ten, 67% of survey respondents ranked themselves as five or higher—a five-point increase from last year.
● The investments in an API-first philosophy are paying off: “API-first leaders” (i.e., respondents who rank themselves a nine or ten for embracing an API-first philosophy) produce APIs more quickly, deploy more frequently, have fewer failures, and recover more swiftly when failures occur. For example, 46% of API-first leaders indicated they could recover from API failure in less than an hour, compared to 34% of all respondents.