Straits Research published a report, “Global Network API Market Size & Outlook, 2025–2034”. According to the study, the global market size is valued at USD 1.63 billion in 2025 and is projected to expand to USD 47.41 billion by 2034, registering a compound annual growth rate (CAGR) of 46.9%.

Market Dynamics

Network API Market is propelled by increasing demand for smooth digital connectivity between enterprises, telecom operators, and cloud service providers. Increasing use of IoT, autonomous vehicles, and priority communication applications is driving the demand for standardized, low-latency, and secure network APIs.

Industry initiatives toward digital infrastructure upgrades, cross-industry API integration, and secure data exchange in the United States, Germany, Japan, and India are further propelling market growth. Strategic investment in 5G, edge computing, AI-driven network management, and cloud-native API platforms is creating new opportunities for API providers and enterprise developers.

Market Highlights

• Segmental Leadership: Device Monitoring holds the largest share (41.8%) in 2025, reflecting strong adoption across enterprises, telecom operators, and cloud service providers.
• Technology Outlook: The 5G segment is expected to register the fastest CAGR (~33.2%) during the forecast period, driven by demand for low-latency, high-throughput network connectivity.
• Application Insights: IoT leads with approximately 37% revenue share in 2025, widely adopted across industrial automation, smart cities, and connected devices ecosystems.
• End-Use Leadership: BFSI sector is anticipated to grow at the fastest rate of 29.4%, leveraging APIs for secure transactions, real-time monitoring, and fraud detection.
• Regional Insights: North America leads with over 35.42% share, supported by extensive 5G rollout, enterprise digital transformation initiatives, and investments in cloud-native API platforms.