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AI API Market worth $179.14 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Feb. 28, 2025 /PRNewswire/ — The AI API Market is expected to reach USD 179.14 billion by 2030 from USD 44.41 billion in 2025, at a CAGR of 32.2% during 2025–2030, according to a new report by MarketsandMarkets™.

Integrating GraphQL and asynchronous processing into AI APIs significantly enhances their efficiency by optimizing data fetching and reducing network overhead. GraphQL empowers clients to request only the necessary data, thereby minimizing the over-fetching and under-fetching issues prevalent in traditional REST APIs. This approach results in fewer network requests, smaller payloads, and faster performance. Notably, according to Hygraph, 67.8% of developers utilize caching to further enhance GraphQL efficiency, highlighting the importance of optimized query design. Asynchronous processing boosts responsiveness by decoupling data fetching from UI components, allowing for parallel queries that substantially reduce wait times. A leading AI API tool named Apollo Client, offered by Apollo GraphQL, offers built-in caching, which minimizes redundant requests. By combining GraphQL and asynchronous techniques, AI APIs can efficiently manage complex data flows, leading to more responsive applications with high performance and streamlined operations.

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Scope of the Report

Report Metrics

Details

Market size available for years

2020-2030

Base year considered

2024

Forecast period

2025-2030

Forecast units

(USD billion)

Segments Covered

Product type, Integration mode, Technology, Functionality, End user, and Region

Geographics covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Companies covered

Major vendors in the global AI API Market are Microsoft (US), IBM (US), Google (US), AWS (US), Open AI (US), Meta (US), Databricks (US), DataRobot (US), Baidu (China), Twilio (US), AssemblyAI (US), Hugging Face (US), DeepL (Germany), Midjourney (US), SymphonyAI (US), CrowdStrike (US), Scale AI (US), Veritone (US), Flow AI (Netherlands), SentiSight.ai (Lithuania), Yandex (Russia), Tencent Cloud (China), Speechmatics (England), Anthropic (US), Plivo (US), Cohere (Canada), Cequence Security (US), Eden AI (France), DeepSeek (China), Tavus (US), Imagga (Bulgaria), Lettria (France), Clarifai (US), Apptek (US), Base64.ai (US), DeepAI (US), Twelve Labs (US), Stream.io (US), Deep Infra (US), Deepgram (US), Goose AI (US), Snatchbot (Israel), Plum Voice (US), Mindee (France), Replicate (US), ModelsLab (India).

AI-Powered Automation Drives Business Efficiency, Cost Savings, and Scalability.

The integration of AI and APIs significantly accelerates automation across business functions, enhancing efficiency, reducing costs, and improving accuracy. AI-powered automation streamlines complex tasks, freeing up human resources for strategic initiatives while ensuring faster and more precise execution. AI automation also reduces operational costs by handling repetitive tasks continuously without incurring overtime expenses. With 64% of businesses expecting AI to boost productivity, its role in minimizing costly errors in data-heavy tasks like financial forecasting and quality control is increasingly valuable. Scalability is another key advantage, as AI systems manage growing workloads without proportional cost increases. In retail, AI-driven solutions track inventory in real-time, reorder stock automatically, and predict demand based on sales data, optimizing stock levels and streamlining supply chains.

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By Technology, the generative AI segment will contribute the highest market share during the forecast period.

Generative AI’s transformative capabilities drive high demand for AI APIs, enabling businesses to automate content creation, enhance customer interactions, and streamline operations. This technology synthesizes vast data for personalized experiences, vital for data-driven strategies. Leading providers like OpenAI and Google Cloud offer tools for integrating advanced language models, enhancing productivity across industries. OpenAI’s GPT models are used in customer service chatbots and content generation. As businesses recognize generative AI’s potential to drive engagement and conversions, demand continues to grow. This shift towards automation and personalization positions generative AI as a cornerstone of modern business strategies.

By functionality, pre-trained models’ segment will contribute to have highest CAGR during the forecast period.

Pre-trained models are currently in high demand due to their ability to accelerate AI development and reduce costs. These models, trained on extensive datasets, provide a robust foundation that developers can leverage for various applications without starting from scratch. This significantly shortens the development cycle, allowing for quicker deployment and innovation. Additionally, pre-trained models democratize access to advanced AI technologies, enabling organizations with limited resources or expertise to implement sophisticated solutions. They are particularly beneficial in specialized fields where labeled data is scarce, as they allow for effective transfer learning. Overall, the efficiency, accessibility, and versatility of pre-trained models drive their popularity across industries.

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By region, Asia Pacific to register the highest CAGR market during the forecast period.

The region is experiencing rapid advancements in AI adoption, with companies across various industries, such as BFSI, Healthcare, Retail, and telecom, utilizing AI APIs to enhance their products and services. Key cloud hyperscalers like Google, Microsoft, and AWS, alongside local players like Baidu, Alibaba, and Tencent, offer AI-based API solutions to automate task execution and personalized user experiences. Organizations across the region are increasingly relying on artificial intelligence and machine learning (AI/ML) enabled solutions to tackle a wide array of security challenges around Application Programming Interfaces (APIs). Countries like China and India are investing heavily in AI technologies to enhance financial services and improve customer experiences.

Top Key Companies in AI API Market:

Some major players in the AI API Market include Microsoft (US), IBM (US), Google (US), AWS (US), Open AI (US), Meta (US), Databricks (US), DataRobot (US), Baidu (China), Twilio (US), AssemblyAI (US), Hugging Face (US), DeepL (Germany), Midjourney (US), SymphonyAI (US), CrowdStrike (US), Scale AI (US), Veritone (US), Flow AI (Netherlands), SentiSight.ai (Lithuania), Yandex (Russia), Tencent Cloud (China), Speechmatics (England), Anthropic (US), Plivo (US), Cohere (Canada), Cequence Security (US), Eden AI (France), DeepSeek (China), Tavus (US), Imagga (Bulgaria), Lettria (France), Clarifai (US), Apptek (US), Base64.ai (US), DeepAI (US), Twelve Labs (US), Stream.io (US), Deep Infra (US), Deepgram (US), Goose AI (US), Snatchbot (Israel), Plum Voice (US), Mindee (France), Replicate (US), ModelsLab (India).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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LYKSTAGE Launches Patented Video Platform That Pays Creators and Viewers — Now Live Across Five Countries

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MUMBAI, India, April 20, 2026 /PRNewswire/ — LYKSTAGE, a video-sharing platform owned by LYK Inc., a Delaware-based entity, and founded by New York-based entrepreneur Adris Chakraborty, is redefining how the creator economy works — with a patented monetization model no other platform can legally replicate.

Built by a technology team in India under Manhattan Tech Ventures, LYKSTAGE runs on a patented Watch-Time Monetization Model that fundamentally changes who earns from video content. Creators earn whenever their content’s watch time gets monetized — no subscriber minimums, no waiting periods, and no thresholds to cross before earning begins.

What makes the model unprecedented is that viewers earn too. Logged-in viewers are rewarded whenever their watch time gets monetized — when they watch content uninterrupted and the ad served during viewing is fully consumed. When that happens, the creator earns, the viewer is rewarded, and the platform earns. Every reward is funded by actual ad revenue — not venture capital subsidies. The model is entirely self-sustaining.

The platform serves both skippable and non-skippable ads, determined by an ad server algorithm that optimizes based on viewing patterns and content traction. For advertisers, impressions are served intelligently — matching the right ad format to the right moment, delivering higher completion rates and genuine attention.

LYKSTAGE is now live across five markets — India, the United States, the United Kingdom, Canada, and the UAE — and available on Samsung TV, LG TV, Roku, Apple TV, Android TV, Amazon Fire TV, desktop, mobile web, and native apps on both the App Store and Google Play Store.

Adris Chakraborty, a Kolkata-born Columbia Business School alumnus based in the US since 2003, co-founded Mediamorphosis Advertising & Technology Inc. in New York in 2006 with his spouse and business partner Poulami Mukherjee. The company expanded to the UK in 2012, followed by Manhattan Communications in India — building a multicultural advertising group spanning five countries with over 100 clients, providing LYKSTAGE with built-in advertiser relationships and market intelligence.

The platform has crossed over one million users across all markets, with more than 20,000 creators on board and growing across all five countries — achieved with minimal paid marketing.

LYKSTAGE is a transparent, patented system where the people who create the value are the ones who earn from it.

Sign up at:
Android – https://play.google.com/store/apps/details?id=com.lykstage.app
Apple – https://apps.apple.com/in/app/lykstage-video-streaming/id6754064834

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Towngas and Tencent forge strategic partnership to drive “Energy + Tech” smart digital transformation

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HONG KONG, April 20, 2026 /PRNewswire/ — The Hong Kong and China Gas Company Limited (Towngas) and Tencent have signed a strategic partnership agreement in Hong Kong. The two companies will collaborate extensively on unified cloud resource management, digital platform development, large artificial intelligence (AI) models and applications, customer engagement enhancement, and R&D tool synergy. Together, they aim to drive the smart digital transformation of the energy sector.

The partnership dates back to 2020, when Towngas Lifestyle, the extended business division of Towngas, first teamed up with Tencent Cloud. In 2021, Towngas Energy, the Group’s renewable energy arm, worked with Tencent Cloud to build a smart energy ecosystem, which currently supports over a hundred integrated energy projects for the business segment. In 2023, Towngas Lifestyle and Tencent Cloud entered into a comprehensive strategic partnership spanning cloud platforms, big data, AI, and customer engagement, delivering one-stop lifestyle solutions to 46 million household customers across Hong Kong and the Chinese mainland. This latest agreement marks a comprehensive, group-level strategic partnership between Towngas and Tencent. It is designed to pool their resources, achieve cross-divisional synergy, drive quality and efficiency gains, and accelerate AI innovation.

Over the past six years, this collaboration has yielded remarkable results. Powered by Tencent Cloud, Towngas Lifestyle has upgraded the digital foundation and driven application innovation for its Towngas Lifestyle Cloud (TLC) platform. Furthermore, leveraging Tencent Cloud’s TBDS (Tencent Big Data Suite), it built the Towngas Analytics Platform (TAP), which currently supports big data applications for over 70 affiliated city-gas companies as well as its Hong Kong operations.

In terms of AI applications, Towngas Lifestyle has capitalised on Tencent’s AI computing power and large model technology to launch innovative tools such as smart safety inspections and AI service agents, significantly boosting the efficiency of frontline staff at gas companies. To better serve its customers, the company has deeply integrated Tencent’s WeCom to improve customer outreach. On the R&D front, Towngas Lifestyle has widely adopted Tencent’s AI development tools to streamline workflows. Moreover, the partners have successfully replicated their mainland successes in Hong Kong, completing the cross-border deployment of the TAP platform and advancing the upgrade of the city’s business systems.

Mr Peter Wong Wai-yee, Managing Director of Towngas, said: “Tencent’s leading position in AI and digital technology is obvious to all. Since 2020, the two parties have established a strong partnership, expanding from Towngas Lifestyle’s extended business to cooperation on the smart energy platform for the renewable energy segment, and gradually extending from the mainland to Hong Kong. As an enterprise with a 164-year history, Towngas has grown to possess a customer base of over 120 million since entering the mainland gas utility business in 1994. Facing such a massive number of customers, data security is of paramount importance. How to build a secure and efficient system for management and service has become a critical issue for business development. We are confident in joining hands with Tencent to co-build a secure and efficient digital system, comprehensively elevate the customer service experience and operational efficiency, and jointly pioneer more possibilities for ‘Energy + Tech’.”

Mr Dowson Tong, Senior Executive Vice President of Tencent and CEO of Tencent Cloud and Smart Industries Group, stated that as a household brand in Hong Kong, Towngas’s “customer-centric” service philosophy aligns closely with Tencent’s corporate mission of “Value for Users, Tech for Good”. Over the past six years, Tencent has engaged in deep collaboration with multiple segments under Towngas, empowering businesses with technology to achieve precise operations. Tencent looks forward to taking this exchange as a new starting point, further consolidating the “Cloud + AI” technological foundation based on existing cooperation, and deeply integrating Tencent’s digital capabilities with Towngas’s rich application scenarios. Through technological innovation, the goal is to achieve better customer service delivery and enhance operational efficiency, exploring a new path to sustainable development for the smart upgrade of the energy industry while ensuring data security and user privacy.

Looking ahead, the two companies will continue to deepen their collaboration in migrating core businesses to the cloud, co-building digital platforms, deploying large models and AI applications, and enhancing customer engagement. This will not only deliver a superior experience for gas customers but also set a benchmark for the high-quality transformational development of the energy industry.

 

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DMEGC Solar Achieves EcoVadis Gold Medal, Underscoring Its Commitment to ESG Excellence

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JINHUA, China, April 20, 2026 /PRNewswire/ — On April 15, DMEGC Solar, a global leader in magnetic materials and renewable energy solutions, achieved a milestone breakthrough in sustainable development. With outstanding performance in environmental protection, social responsibility, and other key areas, the company earned a Gold Medal from the internationally recognized rating agency EcoVadis, scoring 82 points. This places DMEGC Solar in the top 3% of all rated companies worldwide, surpassing 97% of participants.

EcoVadis is a globally leading sustainability assessment platform, having rated over 150,000 companies across more than 250 industries and 185 countries. Its evaluation framework covers 21 indicators across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The platform aims to assess the sustainability performance and social responsibility of companies within global supply chains.

DMEGC Solar participated in the assessment at the group level rather than as a single factory, demonstrating outstanding strength across all four dimensions. In the Labor & Human Rights dimension, the company has established a comprehensive employee rights protection system, strictly implemented occupational health and safety standards, and promoted employee development and career growth, ranking in the top 1% of its industry.

In the Sustainable Procurement dimension, the company has built a full-chain green supply chain management mechanism, collaborating with core suppliers to create a “cooperative carbon reduction” ecosystem. Initiatives such as packaging material recycling, green electricity usage, and localized collaborative production have enabled a low-carbon, traceable supply chain, also ranking in the top 1% of the industry.

Coupled with strong performances in environmental governance and business ethics, the company achieved an impressive score of 82, surpassing 97% of evaluated companies and earning the Gold Medal. This distinction places DMEGC Solar at the top in the global solar module manufacturers to receive such recognition.

This Gold Medal rating will for sure strengthen the company’s competitiveness in overseas markets. On one hand, its industry-leading ESG performance helps meet policy requirements related to sustainable supply chains, enhancing both the premium pricing of its products in international markets and its ability to secure orders. On the other hand, this recognition will boost customer and partner trust in the company’s brand, supporting the expansion of market share for its core products—such as photovoltaic modules, residential energy storage systems, and magnetic materials—while consolidating its market leadership.

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