API Market to Grow at 32.2% CAGR, Driven by Generative AI and Intelligent Automation By 2030 | Exclusive Report by MarketsandMarkets™

A MarketsandMarkets report forecasts rapid expansion of the global AI API market through 2030, driven by generative AI and intelligent automation. The market was valued at USD 33.11 billion in 2024 and is projected to rise from USD 44.41 billion in 2025 to USD 179.14 billion by 2030, implying a 32.2% CAGR. The report attributes growth to rising demand for AI APIs that help companies improve personalized customer experiences using natural language processing and predictive analytics, including real-time engagement tools and marketing automation within MarTech stacks. It also highlights automation benefits such as faster execution, reduced operational costs, and better accuracy by handling repetitive tasks without overtime. By product type, the analysis references categories including computer vision, speech (ASR, VAD), translation, and document parsing, and says generative AI is expected to hold the highest market share over the forecast period. The document lists major technology providers such as Microsoft, IBM, Google, AWS, OpenAI, Meta, and others.