This document summarizes key trends in the open API market based on data from ProgrammableWeb.com. It finds that the growth of APIs is accelerating, with over 3,200 APIs currently listed. The most competitive categories have dozens of APIs. It also discusses the rise of simplicity in APIs, with REST and JSON becoming increasingly dominant. Finally, it explores business models for APIs, noting some companies are focusing exclusively on their API as the product rather than accompanying websites.