Analyzing the Market Growth in API Economy Using Time-Evolving Model

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API Economy Using Time-Evolving Model</title> <meta name="description" content="Analyzing the Market Growth in API Economy Using Time-Evolving Model"> <meta name="keywords" content="API Economy, ecosystem, platform, API providers."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Analyzing the Market Growth in API Economy Using Time-Evolving Model"> <meta name="citation_author" content="Hiroki Yoshikai"> <meta name="citation_author" content="Shin’ichi Arakawa"> <meta name="citation_author" content="Tetsuya Takine"> <meta name="citation_author" content="Masayuki Murata"> <meta name="citation_publication_date" content="2023/10/30"> <meta name="citation_journal_title" content="International Journal of Economics and Management Engineering"> <meta name="citation_volume" content="17"> <meta name="citation_issue" content="10"> <meta name="citation_firstpage" 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href="https://publications.waset.org/search?q=Shin%E2%80%99ichi%20Arakawa"> Shin’ichi Arakawa</a>, <a href="https://publications.waset.org/search?q=Tetsuya%20Takine"> Tetsuya Takine</a>, <a href="https://publications.waset.org/search?q=Masayuki%20Murata"> Masayuki Murata</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>API (Application Programming Interface) economy is expected to create new value by converting corporate services such as information processing and data provision into APIs and using these APIs to connect services. Understanding dynamics of a market of API economy under strategies of participants is crucial to fully maximize the values of API economy. To capture the behavior of a market in which the number of participants changes over time, we present a time-evolving market model for a platform in which API providers who provide APIs to service providers participate in addition to service providers and consumers. Then, we use the market model to clarify the role API providers play in expanding market participants and forming ecosystems. The results show that the platform with API providers increased the number of market participants by 67% and decreased the cost to develop services by 25% compared to the platform without API providers. Furthermore, during the expansion phase of the market, it is found that the profits of participants are mostly the same when 70% of the revenue from consumers is distributed to service providers and API providers. It is also found that, when the market is mature, the profits of the service provider and API provider will decrease significantly due to their competitions and the profit of the platform increases.</p> <iframe src="https://publications.waset.org/10013327.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=API%20Economy" title="API Economy">API Economy</a>, <a href="https://publications.waset.org/search?q=ecosystem" title=" ecosystem"> ecosystem</a>, <a href="https://publications.waset.org/search?q=platform" title=" platform"> platform</a>, <a href="https://publications.waset.org/search?q=API%20providers." title=" API providers."> API providers.</a> </p> <a href="https://publications.waset.org/10013327/analyzing-the-market-growth-in-api-economy-using-time-evolving-model" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10013327/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10013327/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10013327/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10013327/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10013327/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10013327/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10013327/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10013327/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10013327/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10013327/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10013327.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">243</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] IBM, “IBM unveils matchmaking technology to navigate API economy.” https://www-03.ibm.com/press/us/en/pressrelease/48026.wss, Nov. 2015. (Accessed : 2021-12-20). <br>[2] Z.-L. Zhang, P. Nabipay, A. Odlyzko, and R. Guerin, “Interactions, competition and innovation in a service-oriented internet: An economic model,” in Proceedings of IEEE INFOCOM, pp. 1–5, Mar. 2010. <br>[3] A. Nagurney, D. Li, T. Wolf, and S. Saberi, “A network economic game theory model of a service-oriented internet with choices and quality competition,” NETNOMICS: Economic Research and Electronic Networking, vol. 14, pp. 1–25, May 2013. <br>[4] S. Sen, R. Gu´erin, and K. Hosanagar, “Functionality-rich versus minimalist platforms: A two-sided market analysis,” ACM SIGCOMM Computer Communication Review, vol. 41, pp. 36–43, Oct. 2011. <br>[5] M. Sugiura, S. Arakawa, M. Murata, S. Imai, T. Katagiri, and M. Sekiya, “Utility analysis of API economy based on multi-sided platform markets model,” in Proceedings of International Conference on Digital Ecosystems and Technologies (ICDET2020), pp. 1–6, Oct. 2020. <br>[6] T. Isckia, D. R. Mark, and D. Lescop, “Orchestrating platform ecosystems: The interplay of innovation and business development subsystems,” Journal of Innovation Economics & Management, vol. 32, pp. 197–223, May 2020. <br>[7] B. Di Martino, G. Cretella, A. Esposito, and R. G. Sperandeo, “Semantic representation of cloud services: A case study for microsoft windows azure,” in Proceedings of International Conference on Intelligent Networking and Collaborative Systems, pp. 647–652, Sept. 2014. <br>[8] “The Power of the API Economy: Stimulate Innovation, Increase Productivity, Develop New Channels, and Reach New Markets — IBM Redbooks.” https://www.redbooks.ibm.com/abstracts/redp5096. html, Dec. 2014. (Accessed : 2021-12-20). <br>[9] “Spotify users - subscribers in 2021 — Statista.” https://www.statista. com/statistics/244995/number-of-paying-spotify-subscribers/, Nov. 2021. (Accessed : 2022-02-06). <br>[10] D. Skog, H. Wimelius, and J. Sandberg, “Digital service platform evolution: How spotify leveraged boundary resources to become a global leader in music streaming,” in Proceedings of the 51st Hawaii International Conference on System Sciences, pp. 4564–4573, June 2018. <br>[11] “IR NEWS — KADOKAWA GROUP GLOBAL PORTAL SITE.” https: //group.kadokawa.co.jp/ir/. (in Japanese, Accessed : 2022-02-07). <br>[12] M. A Cusumano, “Epic versus Apple and the future of App stores,” Communications of the ACM, vol. 65, pp. 22–24, Jan. 2022. </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational anniversary</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Account <li><a href="https://waset.org/profile">My Account</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Explore <li><a href="https://waset.org/disciplines">Disciplines</a></li> <li><a href="https://waset.org/conferences">Conferences</a></li> <li><a href="https://waset.org/conference-programs">Conference Program</a></li> <li><a href="https://waset.org/committees">Committees</a></li> <li><a href="https://publications.waset.org">Publications</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Research <li><a href="https://publications.waset.org/abstracts">Abstracts</a></li> <li><a href="https://publications.waset.org">Periodicals</a></li> <li><a href="https://publications.waset.org/archive">Archive</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Open Science <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Philosophy.pdf">Open Science Philosophy</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Award.pdf">Open Science Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Society-Open-Science-and-Open-Innovation.pdf">Open Innovation</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Postdoctoral-Fellowship-Award.pdf">Postdoctoral Fellowship Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Scholarly-Research-Review.pdf">Scholarly Research Review</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Support <li><a href="https://waset.org/page/support">Support</a></li> <li><a href="https://waset.org/profile/messages/create">Contact Us</a></li> <li><a href="https://waset.org/profile/messages/create">Report Abuse</a></li> </ul> </div> </div> </div> </div> </div> <div class="container text-center"> <hr style="margin-top:0;margin-bottom:.3rem;"> <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank" class="text-muted small">Creative Commons Attribution 4.0 International License</a> <div id="copy" class="mt-2">© 2024 World Academy of Science, Engineering and Technology</div> </div> </footer> <a href="javascript:" id="return-to-top"><i class="fas fa-arrow-up"></i></a> <div class="modal" id="modal-template"> <div class="modal-dialog"> <div class="modal-content"> <div class="row m-0 mt-1"> <div class="col-md-12"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> </div> </div> <div class="modal-body"></div> </div> </div> </div> <script src="https://cdn.waset.org/static/plugins/jquery-3.3.1.min.js"></script> <script src="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/js/bootstrap.bundle.min.js"></script> <script src="https://cdn.waset.org/static/js/site.js?v=150220211556"></script> <script> jQuery(document).ready(function() { /*jQuery.get("https://publications.waset.org/xhr/user-menu", function (response) { jQuery('#mainNavMenu').append(response); });*/ jQuery.get({ url: "https://publications.waset.org/xhr/user-menu", cache: false }).then(function(response){ jQuery('#mainNavMenu').append(response); }); }); </script> </body> </html>

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Analyzing the Market Growth in API Economy Using Time-Evolving Model