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The API economy refers to the set of business models and practices designed around the use of application programming interfaces (APIs) in today's digital economy. It involves the exposure of an organisation's digital services and assets through APIs in a controlled way.

The API Economy refers to the business structure and ecosystem where APIs (Application Programming Interfaces) serve as the primary distribution channel for digital products and services. Representing the value exchange between API providers and consumers, from both an internal and external company perspective.

The API Economy describes an interconnected digital ecosystem of value gains where APIs act as the glue between applications, devices, and services across teams, companies and  industries, allowing them to collaborate, exchange data, and innovate faster internally or externally.

The API economy represents the strategic shift where companies leverage APIs as a competitive advantage to expand and enhance their business models. By doing so, they unlock scalability and foster growth through the power of community-driven innovation.

This applies not only to highly technical businesses, where the API itself may be the core product, but also to non-technical companies that creatively use APIs to extend their distribution and reach new markets.

The resultant value - financial or otherwise - of an ecosystem predicated on the leverage of API-based products and services.