ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Artificial Intelligence Poised to Drive API Growth, according to Nearly 40% of Respondents in Recent Survey

SmartBear releases results of 2023 State of Software Quality | API survey showing APIs supporting event-driven API architectures have increased

SmartBear, a leading provider of software development and visibility tools, released the results of its 2023 State of Software Quality | API survey, which garnered responses from over 1,100 API practitioners in more than 17 industries. Although microservices continue to be the main driver of API growth, 38% of respondents say artificial intelligence (AI) is emerging as an increasingly influential driver in future growth of APIs. First published in 2016, SmartBear has regularly surveyed the API community to identify industry benchmarks, including trends, best practices, methodologies, and tools used by developer teams to manage the API lifecycle.

“As the API industry continues to rapidly evolve, we are excited to share the most up-to-date API development and management trends, and the factors contributing to its growth now and in the years ahead,” said Sean Butler, Vice President of API Product Management at SmartBear . “There are several interesting findings this year, including APIs supporting event-driven API architectures has increased, we are seeing a positive trend in API documentation, and API standardization and security continue to be the top challenges for development teams worldwide.”

Key insights of the 2023 State of Software Quality | API survey include:

  • APIs supporting event-driven API architectures have increased (62%) while web APIs remain the top experience that APIs are supporting (88%) with mobile close behind.
  • 62% of respondents attribute microservices as the top driver for API growth while 53% believe the top challenge for the success of microservices hinges on having the right experience and skills.
  • 90% of respondents have documentation in place or plan to have it in place in the future, while 60% of organizations agree or strongly agree that having documentation processes ensure their APIs are secure.
  • With rapid API growth introducing fragmentation in how APIs are designed, built, and secured, API standardization (51%) and security (40%) continue to be the top challenges that organizations want to solve.
  • Organizations are making strides to have formal testing processes in place. In 2023, we saw a 15% increase in companies making formal testing a priority.

Other findings showed that as teams try to do more with less, APIs are seen as a means to improve automation across the delivery process. Practitioners also expect API tooling to integrate better with existing tooling as APIs cover most organizational capabilities.

SmartBear API experts are discussing survey findings in a live webinar on Wednesday, May 3, 2023. Register here:

https://smartbear.com/resources/webinars/2023-state-of-software-quality-api/

The 2023 State of Software Quality | API survey report is available at:

https://smartbear.com/state-of-software-quality/api/

About SmartBear

SmartBear provides a portfolio of trusted tools that give software development teams around the world visibility into end-to-end quality through test management and automation, API development lifecycle, and application stability, ensuring each software release is better than the last. Award winning tools include SwaggerHub, TestComplete, BugSnag, ReadyAPI, Zephyr, and PactFlow, among others. SmartBear is trusted by over 16 million developers, testers, and software engineers at 32,000+ organizations – including innovators like Adobe, JetBlue, FedEx, and Microsoft. With an active peer-to-peer community, we meet customers where they are to help make our technology-driven world a better place. SmartBear is committed to ethical corporate practices and social responsibility, promoting good in all the communities we serve. Learn more at smartbear.com, or follow on LinkedIn, Twitter, or Facebook.

All trademarks recognized.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.