The Cost of the API Problem, in Numbers
Extracted slide text
The Cost of the API Problem, in Numbers
Global cost of software development is 1.25T USD per year. 312B USD from that is spent on discovering and fixing problems, writing docs, monitoring, providing support... (University of Cambridge, 2013). 400B API calls are made each month (TechCrunch, 2018). 66% of developers expect to use more APIs in 2020 than 2019 (RapidAPI developer survey, 2019). REST APIs have existed for 20+ years and their popularity is growing around 30% year over year. Current products in the space are focused only on tracking code errors or manually writing pretty documentation.
Observation · not investment advice
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“The Cost of the API Problem, in Numbers” gives the deck a concrete market claim. Global cost of software development is 1.25T USD per year. 312B USD from that is spent on discovering and fixing problems, writing docs, monitoring, providing support... (University of Cambridge, 2013). 400B API calls are made each month (TechCrunch, 2018). 66% of developers expect to use more APIs in 2020 than 2019 (RapidAPI developer survey, 2019). REST APIs have existed for 20+ years and their popularity is growing around 30% year over year. Current products in the space are focused only on tracking code errors or manually writing pretty documentation. Its job is to make that part of the argument easy to grasp before the narrative advances to the next point.
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