API is the acronym for Application Programming Interface, which is a software intermediary that allows two applications to talk to each other.

It enables companies to open up their applications' data and functionality to external third-party developers, business partners, and internal departments within their companies.

The pandemic led to higher creation and consumption of new APIs in certain areas such as healthcare, remote work, and fields that support a homebound lifestyle like delivery systems or streaming.

Organizations wishing to succeed can embrace integration via APIs and full lifecycle API management to gain greater value and competitiveness out of internal, external, and third-party APIs. API management platforms allow companies to access and secure relevant external APIs in order to offer new services.

It leads us to the answer why large enterprises are heavily investing in the rising demand for APIs.

APIs are considered to grow stronger as a trend in the Saas industry.