What is an API Marketplace?
                     What is an API 
Marketplace?
APILayer
What is an API Marketplace?
An API marketplace is a platform where the 
type of service being exchanged is an API. As 
many of you know API stands for “Application 
Programming Interface” and marketplace can 
be defined as a platform where a third party 
seller/supplier and a consumer conducts a 
transaction over a product or service.
Benefits for Subscribers on an 
API marketplace
 Single API Key:
When the number of third party APIs that you need to integrate to your 
project exceeds a certain threshold key maintenance and getting support 
becomes a burden. A marketplace platform enables access to hundreds of 
API services via using a single entry point.
 Verified API Providers:
Continuing from the previous example you also need email validation 
service and an image optimizer in addition to weather service. Instead of 
developing these services yourself, you choose to integrate with 3rd party 
services. Now, you have to search and find these different API services 
online and evaluate their reliability, performance and security yourself. Even 
after integrating separately to all of them you have to contact different 
support teams when you have questions about each of them.
Benefits for API Providers in an API marketplace
 Remove Barriers:
Value creation might be the easiest part when earning money as a 
developer. In addition to software craftsmanship one should also deal with 
basic business needs such as creating pricing schemes, invoicing, 
receiving payment, API maintenance and customer support.
Especially at the stage invoicing is a real burden if you are not 
institutionalized. You need a company to issue invoices, integrate with 
virtual POS or payment services, and perhaps the most exhausting, 
produce counter measures against fake credit cards and similar fraudulent 
transactions, and monitor these situations constantly.
 Business Growth:
Beside services described above an API marketplace also helps API 
providers grow their business. Digital marketplaces help the suppliers 
reach broader audiences regardless of the offering type. Since large 
amounts of suppliers list their products or services in a marketplace, a 
considerable volume of customers are attracted to the platform both 
organically and through digital marketing efforts of the platform. Being 
exposed to large masses is one of the most significant benefits of being a 
supplier in a digital marketplace.
At APILayer, we are working hard to build up 
the best API marketplace experience possible. 
If you’d like to check what we offer or want to 
share a word check here.