Cloud API Market Worldwide Top Players Revenue Analysis of Amazon Web Services, Inc., CA Technologies, Inc, Citrix Systems, Inc., Google Inc., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation

Cloud Application Programming Interface is a type of API that permits for the development of services and applications used for the provisioning of cloud platforms, software and hardware. A cloud application programming interface works as an interface or gateways that provides direct and indirect cloud software and infrastructure services to users. The increasing adoption of smartphones and cloud technology are some of the major drivers which accelerates the demand of cloud APIs.

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The increasing adoption of cloud technology become one of the key factor for the growth of the cloud application programming interface market. According to Coherent Market Insights, by 2020 near 92 percent of the workloads will be processed by cloud data centers. Due to various advantages such as remote location access, flexibility, cost effective etc have increasing the demand of cloud in various verticals such as healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, IT & Telecommunication etc. In addition to this, due to less IT investment and maintenance cost, most of the small and medium size companies adopted the cloud platform have parallely raised the demand of cloud API

North America holds a dominant position in the market in 2016

North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Some of the major countries driving growth of the market in the region are the U.S. and Canada. In 2015, the North America cloud APIs market generate the revenue of US$ 115.9 million. The high dominance of digitalization and cloud platform become one of the major factor which provides the dominant position to the North America cloud application programming interface.

Asia Pacific Cloud API market is projected to grow with the highest CAGR in the forecast period. India, china, Japan are some of the major countries which drives the market in this region. The increasing sales of smartphones pays a major role for the growth of cloud APIs in this region. According to Coherent Market Insights, it is estimated that near 1139.8 million smartphone users are present in 2016 and is projected to reach 1366.3 million smartphone users by 2018.

Key Companies- Global Cloud API Market.

Some of the major companies in the global Cloud API market Amazon Web Services, Inc., CA Technologies, Inc, Citrix Systems, Inc., Google Inc., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Inc., Red Hat, Inc, Tibco Software Inc. VMware, Inc. and Zend Technologies Ltd.

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Detail Cloud API Market Segmentation:
• Global Cloud API Market, By Organization Size:

• Small and Medium Enterprises
• Large Enterprises

• Global Cloud API Market, By End Users:

o BFSI
o Healthcare
o Hospitality
o IT and Telecommunication
o Media and Entertainment
o Retail
o Others

• Global Cloud API Market, By Region:

o North America
o Europe
o Asia Pacific
o Latin America
o Africa
o Middle East

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This release was published on openPR.