Cloud API Market 2018 by Current & Upcoming Trends

 

Market Highlights

The 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. Essentially cloud API is a key component of any public cloud solution and is indispensable for the same.

Cloud APIs are available according to service or solution and include infrastructure as a service, software as a service, and platform as a service. Each performs vital functions in an enterprise and overall have been witnessing high adoption rates across the globe. 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. IaaS API's provide storage and raw computing, while SaaA APIs provide connectivity and software interaction, each API playing an important role. This has made it easier for small and medium enterprises to use these APIs as they do not require infrastructure and can be tailored to suit enterprise needs. The fact that cloud APIs are highly flexible is a huge advantage which encourages the market's growth. Additionally, the increasing number of applications being built using microservices architectural design is a major driver of the market. With new developer tools being launched and a strong presence of market players which are cornering niche cloud platform providers are expected to improve the market's opportunities in the future.

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Segmentation:

The global cloud API market has been segmented into 3 key components. These have been determined on the basis of end-users, verticals, and region. 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 Analysis

Due 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. Microservices are being adopted on a wide scale by organizations of every size in the region. 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. China, Japan, and India are just some of the leading countries in the region where implementation of cloud API is happening increasingly. Increased demand for operational efficiency in the region's enterprises will likely be a significant source of market growth.

Key Players

TIBCO Software Inc., Microsoft Corporation, CA Technologies Inc., VMware, Inc., Red Hat, Inc., International Business Machines Corporation, Oracle Corporation, Amazon Web Services, and Google Inc. are among the prominent players present in the global cloud API market. These players have been analyzed for their role in the market's competitive profile, and their successful growth strategies have been identified and recorded in MRFR's report.

Latest Industry News

  • Kong Inc has released Kong 1.0 which is the latest version of its API gateway which focuses on hybrid and cloud-based architectures.

CareCloud has joined Google's cloud healthcare API to offer increased interoperability and improve patient experience.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/cloud-api-market-2572

Cloud API Market by End-Users (Large Enterprises and Small & Medium Enterprises) and Vertical (BFSI, IT and Telecommunication, Manufacturing, Education, Healthcare, Media & Entertainment and Others) - Forecast to 2026

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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