Press release
Cloud API Market Global Report 2022-2027: Industry Size, Share, Trends, Growth and Forecast
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Cloud application programming interface, popularly known as cloud API, represents the software systems that allow applications to transfer and communicate information to one another in the cloud. They can be categorized into SaaS APIs, PaaS APIs, IaaS APIs, cross-platform APIs, etc. Cloud API systems provide direct or indirect cloud infrastructure and software services to end-users. They aid in improving the customer experience and productivity and enhance connectivity, cost-effectiveness, and collaboration. Consequently, cloud API gateways find extensive applications across numerous sectors, such as education, manufacturing, information technology (IT), healthcare, banking, financial services and insurance (BFSI), etc.
Cloud API Market Trends and Drivers:
The expanding digitization and the growing adoption of cloud technology among business organizations, owing to several advantages, including remote location access and flexibility, are primarily driving the cloud API market. Furthermore, the elevating product usage by small and medium-sized enterprises (SMEs) to ensure faster communication means and ease software patched distribution to streamline updates is acting as another significant growth-inducing factor.
Additionally, the launch of complex predictive maintenance systems that offer expected mean time between mechanical failures and send specific data consisting of part name, item number, etc., is also positively influencing the global market.
Moreover, the rising demand for SaaS APIs, on account of the increasing software-centric approaches for smart devices and the development of multiple mobile applications are anticipated to bolster the cloud API market in the coming years.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
• SaaS APIs
• PaaS APIs
• IaaS APIs
• Cross-platform APIs
Breakup by Enterprise Size:
• Large Enterprises
• Small and Medium Enterprises (SMEs)
Breakup by Industry Vertical:
• Healthcare
• BFSI
• IT and Telecommunication
• Manufacturing
• Education
• Media and Entertainment
• Others
By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
List of Major Key Players:
The major players in the market are Amazon Web Services Inc. (Amazon.com Inc.), Broadcom Inc., Citrix Systems Inc., Dell Technologies Inc., Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Technology Inc., Salesforce Inc., SAP SE and Tibco Software Inc.
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