Today, enterprises use APIs to monetize, reuse and share their core assets and extend the reach of their services. By offering external customers the entire spectrum of services via an API, organizations benefit from the innovations of new players who experiment with a variety of approaches and thereby generate new customers. The emergence of cloud computing, analytics, IoT, and consumerization of IT have greatly influenced the design and structure of APIs. In light of these innovations, RESTful APIs have come to existence to engage with ongoing and upcoming trends, used for myriad of purposes like auto documentation and auto tooling.

RESTful APIs help create a series of small modules providing developers the flexibility to address each component of the transaction. From enabling a smooth exchange of information to proposing on demand access to data and services, APIs and API management platforms provide the required translators to streamline the process. Enterprises are therefore using various APIs to apply definitions and implementations without compromising the interface. They are also harnessing APIs for a strategic and systematic way to fulfill their digital ambitions.

In the last few months, a distinguished panel comprising of CEOs, CIOs, VCs and analysts including the CIO Review editorial board has reviewed the top companies in the API domain, and shortlisted the ones that are at the forefront of tackling industry challenges.

The selection panel looked at the vendor’s capability to fulfill needs of the buyers with effective solutions that curb the challenges. We present to you 20 Most Promising API Solution Providers 2016.

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