Cloud API market is expected to reach USD 2,148.67 million by 2027 witnessing market growth at a rate of 20.23% in the forecast period of 2020 to 2027. Cloud API is a type of an API which allows the creation of cloud infrastructure, software and platform applications and services. It usually acts as a gateway that provides cloud services to the users. Some of the common types of cloud API are PaaS APIs, SaaS APIs, IaaS APIs and cross-platform APIs.
Major Market Competitors/Players: Global Cloud API market
The major players covered in the cloud API market report are Amazon Web Services, Inc., Broadcom, Dell Inc., Google, IBM Corporation, Oracle, salesforce.com, Inc., TIBCO Software Inc., SAP SE, Axway, Scale AI, Inc., VMware, Inc., Red Hat, Inc., TWILIO INC., UpCloud Ltd, Bandwidth Inc. among other domestic and global players.
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Increasing demand for cloud native API is expected to create new opportunity for the market. Some of the other factors such as rising adoption of cloud computing, increasing demand for micro services by organizations, rising digitalization, technological advancements and improvement in the operational efficiency and DevOps automation is expected to further enhance the cloud API market in the forecast period of 2020 to 2027.
Market Segmentation: Global Cloud API market
- On the basis of type, the cloud API market is segmented into PaaS APIs, SaaS APIs, IaaS APIs and cross-platform APIs.
- The enterprise size segment of the cloud API market is divided into large enterprises and small & medium enterprises.
- Based on industry vertical, the cloud API market is segmented into BFSI, IT and telecommunication, manufacturing, education, healthcare, media & entertainment and others.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Reasons to Purchase this Report
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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“Up from US$ 295 Mn estimated for 2016, the global cloud API market is foreseen to reach US$ 1,773.9 Mn during the next decade.
By 2026 end, the market will possibly witness steadfast growth at an impressive CAGR of 19.6% over the assessment period,” quoted an expert market research analyst from Research Report Insights (RRI).A recently published report by the company, titled “Cloud API Market by 2026” indicates flourishing growth potential of the global market for cloud application programming interface (API).
The report, as the title suggests, reflects rapid emergence of the SMEs end-user segment during the next decade.The analyst further added, “Growing business dependency on cloud applications and shooting adoption of connectivity devices are collectively favoring the market for cloud API globally.
Moreover, rising adoption of micro service-based architecture will play a role in popularizing the implementation of cloud API globally.”SMEs are rapidly embracing mobile and cloud-based platforms for managing their back-end services and applications, which prompts at bright future prospects for the cloud API market.
Based on this market observation, it is quite clear that with a growing number of small and medium enterprise launches, the demand for cloud API will prevail progressively.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114742/Cloud-API-MarketAmong BFSI, IT and telecommunications, hospitality, healthcare, and media and entertainment, the BFSI sector will maintain the top consumer position in the cloud API market, accounting for over US$ 350 Mn in terms of 2026 revenues.The report further analyzes regional segmentation of the global cloud API market.
The Cloud API market became worth US$ 295 million in 2016 and is projected to attain US$ 1,424 million with the aid of using 2025.
The growing adoption of cloud generation ends up one of the key things for the increase of the cloud software programming interface market.
According to Coherent Market Insights, with the aid of using 2020 close to ninety-two percentage of the workloads could be processed with the aid of using cloud records centers.
Due to numerous blessings inclusive of far-off place access, flexibility, price-powerful, and so forth have grown the call for of cloud in numerous verticals inclusive of healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, IT & Telecommunication and so forth.
In addition to this, because of much less IT funding and protection price, maximum of the small and medium length agencies followed the cloud platform has parallelly raised the call for cloud API Among geography, North America holds the dominant function in 2016 and is projected to preserve its dominance for the duration of the forecast period.
Due to the early adoption generation subculture in this area has furnished the dominant function to the market.
“Up from US$ 295 Mn estimated for 2016, the global cloud API market is foreseen to reach US$ 1,773.9 Mn during the next decade. By 2026 end, the market will possibly witness steadfast growth at an impressive CAGR of 19.6% over the assessment period,” quoted an expert market research analyst from Research Report Insights (RRI).
A recently published report by the company, titled “Cloud API Market by 2026” indicates flourishing growth potential of the global market for cloud application programming interface (API). The report, as the title suggests, reflects rapid emergence of the SMEs end-user segment during the next decade.
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The analyst further added, “Growing business dependency on cloud applications and shooting adoption of connectivity devices are collectively favoring the market for cloud API globally. Moreover, rising adoption of micro service-based architecture will play a role in popularizing the implementation of cloud API globally.”
SMEs are rapidly embracing mobile and cloud-based platforms for managing their back-end services and applications, which prompts at bright future prospects for the cloud API market. Based on this market observation, it is quite clear that with a growing number of small and medium enterprise launches, the demand for cloud API will prevail progressively. While large enterprises continue to remain the dominant end-user segment with a value beyond US$ 1.0 Bn in 2026, ResearchReport Insights concludes a higher growth rate for SMEs end-user segment over 2016-2026, i.e. 21.9%.
Among BFSI, IT and telecommunications, hospitality, healthcare, and media and entertainment, the BFSI sector will maintain the top consumer position in the cloud API market, accounting for over US$ 350 Mn in terms of 2026 revenues.
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The report further analyzes regional segmentation of the global cloud API market. According to market research, North America will continue to represent the largest revenue generator, contributing over US$ 850 Mn to the entire market value in 2026. The western European market will possibly experience an upswing owing to surging adoption of cloud API within the BFSI vertical, resulting in a total of nearly 17% value share in 2026.
Rampant proliferation of the digitization trend will however fuel the market in Asia Pacific (excluding Japan) at a rapid pace, eventually leading to a significant hike in revenues over the assessment period. The APEJ market is estimated to expand at the highest CAGR of 23.7%. Cloud API market in the MEA region will be at a nascent stage through 2026, which highlights multiple untapped opportunities in this market for domestic API players.
Among the key platform management providers, integration specialists, pure players, and system integrators operating in the global cloud API marketplace, Microsoft Corporation, Axway Software SA, Accenture, The Hewlett-Packard Company, Oracle Corporation, and IBM Corporation make it to the list. Moreover, the market is governed by a few core companies, including Google Inc., CA Technologies, Inc., TIBCO Mashrey, SAP S.E., Apigee Corporation, Amazon Web Services, Inc., and 3scale Inc.
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Market HighlightsThe growth of cloud technology has substantially impacted the global cloud API market.
Market Research Future has discovered through intensive research that, the global cloud API market is poised to grow at a CAGR of 20% during the review period from 2016 to 2022.
Cloud API or cloud application programming interface (API) is a type of API which allows the development of applications and other solutions as well as services for the provisioning of cloud hardware, software, and platforms.
The increasing focus on improving operational efficiency and reducing operational costs has been a significant boost to the growth of the global cloud API market.
End-users of cloud API include large enterprises and small & medium enterprises.Verticals, where cloud APIs are extensively employed, include BFSI, healthcare, manufacturing, IT & telecommunication, education, media & entertainment, and others.The key regions covered in MRFR's report on the global cloud API market include North America, Asia Pacific, Europe, and the Rest of the World.Regional AnalysisDue to the presence of many market players and the advanced nature of the regions technological adoption, the North American market has secured a leadership position for itself in the global cloud API market.
Europe follows North America and has the second largest share of the global cloud API market.The Asia Pacific is projected to witness high potential for growth and offer the global market a number of opportunities in the coming years.
