Establishing APIs as Products
Learn how APIs can act as products.
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When we say that an API is a product, it means that the API is being offered as a standalone service or offering that can be consumed by external customers or partners. In other words, the API is not just a means to an end, but is also a revenue-generating product in its own right.
APIs as products typically have their own pricing, service-level agreements, and terms of service. They are often monetized through a variety of models, such as a subscription-based, pay-per-use, or revenue-sharing model.
APIs as products can be used to create new revenue streams for a company by allowing third-party developers to access and use their data and services. They also enable ...