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Over the years, software development patterns have witnessed some major changes. The constantly surging demands for mobile access, cloud technology, necessity of integration with third party tools for additional services and strict deadlines for completion of projects, have all been instrumental in affecting these changes. In order to deliver projects on time without compromising on the quality, developers have begun to leverage the Application Programming Interfaces (APIs). APIs act as interfaces between separate software components to integrate them with each other. They have successfully eliminated the barriers that existed between enterprise applications and the services that could be offered through them. All these advantages, along with the ease of integrating additional features on a product using APIs, has made API-first approach in product development tremendously popular among developers.