Achieve Internet Recognized in Gartner® “Hype Cycle™ for Utility Industry IT, 2021”

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by Jack Kelly|Vice President of Business Development

Photo 106082871 / Gartner © Casimirokt | Dreamstime.com

Apiboost was listed under the API marketplaces section of the report.

San Diego, CA., August 1st — Apiboost, an enterprise API portal SaaS platform, has been identified by Gartner as a Sample Vendor in the Gartner Hype Cycle for Utility Industry IT 2021. Apiboost is mentioned in the API Marketplaces category.

Gartner Hype Cycle reports  “provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities”.

We are of the view that Apiboost’s inclusion as a new entrant to the report this year shows that Gartner analysts are assigning a higher value to the importance of APIs and API Marketplace within the utility industry. To explain the impact of APIs in the market, Gartner points to the following:

“Use of APIs is growing; according to the infrastructure and security vendor CloudFlare, in 2020, API traffic grew 300% faster than web traffic, reaching 50% of HTTP traffic. This demonstrates the need for API marketplaces to discover APIs from the large amount of APIs available”.

We believe that the listing of Apiboost as a Sample Vendor underscores the value of the Apiboost platform and the impact of Developer portals and API Marketplaces in the utility industry.

“We’re proud that Gartner has recognized Apiboost as an API marketplace and API portal solution for the utility sector. The report touched on a number of crucial trends driving the API economy forward, which in turn, is fuelling the need for impactful API portal and API marketplace solutions,” said Ron Huber, Founder of Apiboost.

“API Marketplaces Increase Developer Visibility and Consumer Mindshare”

“External API marketplaces allow organizations to share APIs with a community of developers, including facilitating an ecosystem by enabling partners to implement solutions using their APIs,” Mark O'Neill, VP Analyst at Gartner, mentioned in the report.

Apiboost’s core features include the Product Optimizer, which allows for APIs and any content associated with them to be productized. This enables products and content on the developer portals to be controlled at a Product Owner level, and dictates can manage content associated with products, including the description in the catalog, blogs, videos, events and forums.

“For API providers, registering APIs in API marketplaces can increase developer visibility and consumer mind share,” according to the report, giving them the ability “to drive API usage and, by extension, business impact,” O’Neill continued.

Another key Apiboost feature is the robust Team Builder, which enables administrators to build teams and gather team members to innovate on applications and products in a group environment. This powerful tool is great for assigning apps and products to departments, partners, and customers for effective development while securely exposing data to approved team members.

Gartner, "Hype Cycle for Utility Industry IT, 2021," Nicole Foust, July 21, 2021. Gartner subscribers can view the full report here.

Gartner Research Methodology, Gartner Hype Cycle, https://www.gartner.com/en/research/methodologies/gartner-hype-cycle

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About Apiboost

Apiboost is a ready-to-market portal solution supported by a complete set of digital transformation services. It is an easy-to-use, full-featured API portal to deploy APIs for internal and external use. The Apiboost team has worked with many Enterprise companies to realize their goals with a groundbreaking portal and digital solutions. Whether the need is for a simple and fast-to-market solution or a global, Federated divisional/regional approach, Apiboost can help your team find the right program. For more information, visit: https://www.apiboost.com/

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