# Uncovering the Trillion-Dollar API Economy: Insights from the Latest Research
Chances are your business runs on APIs . . . even if you’ve never heard of them.
APIs form the foundation upon which digital experiences (and Global 2000 businesses) are built. They’re essential to artificial intelligence and banking apps and every corner of Amazon’s sprawling trillion-dollar business.
By 2027, APIs will have a projected global economic impact of $14.2 trillion. That’s more than the GDP of the UK, Japan, France, and Australia — combined.
Dive into the data in this research report that explores the massive impact of APIs on the economy, including the rise (and rising cost) of API-related security attacks and how APIs will help drive economic growth through innovations like generative AI and [API monetization](https://konghq.com/blog/learning-center/what-is-api-monetization)API monetization.
Related resources:
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- - Learn more on how [reduce API security risks with standardized governance](/blog/enterprise/reduce-api-security-risks-with-standardized-governance)reduce API security risks with standardized governance
- - Dive into [Kong Konnect](/products/kong-konnect)Kong Konnect to streamline your APIOps [](/contact-sales)