API product management is an emerging field that emphasizes the importance of treating APIs as products, necessitating distinct management practices to ensure successful API strategies. While many API management practices are derived from web and mobile platforms, APIs present unique challenges due to their developer-centric nature, often requiring detailed documentation and developer relations. API product managers need to balance technical expertise with empathy for customers' needs, focusing on metrics and key performance indicators (KPIs) aligned with business objectives like API adoption, engagement, and retention. Effective management involves understanding the business justification for the API, skillfully managing the development backlog, and being knowledgeable about usage-based pricing models akin to SaaS. Critical to success is the focus on developer experience, ensuring ease of integration and a smooth onboarding process, while also addressing enterprise security and compliance requirements to meet industry standards and customer expectations.