If your use of a piece of software is contingent on something like that, it sounds like you didn’t really have a need for it in the first place

Rather, OP is probably already using one and don't see the point of migrating to yet another closed system.

It's not the matter.

If you use a saas, unless it's open source and you can self host, you are at the mercy of it.

If the service is good enough and the team behind it seems in good faith, it can give you confidence for the switch.

But promising to adopt a standard then not doing it doesn't inspire confidence.

The system being closed source (no open API can change that), they need to build trust with some users. Particularly the tech saavy ones that have been burnt in the past and hold data that is precious to them.