The API market was valued at $221,293.2 Million in 2025, and is projected to reach $317,700.8 Million by 2032 growing at a CAGR of 5.35% from 2026 to 2032. Captive API manufacturers segment is expected to be the highest contributor to this market, with $128,145.7 Million in 2025, and is anticipated to reach $174,785.5 Million by 2032, registering a CAGR of 4.58%. Merchant API manufacturers segment is anticipated to reach $142,915.3 Million by 2032 with the highest CAGR of 6.35%.
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