Press release
Global Cloud API Market
Cloud API, or Cloud Application Programming Interface, allows software to request data and computations from services by connecting applications to the cloud. It plays a key role in allowing developers to create, manage, and run applications effectively in cloud environments, and it supports cloud computing in both public and private sectors. Besides, it offers an interface that assists with the interaction between different software intermediaries and hence, is an essential element of digital transformation.
The rise in the adoption of cloud computing technologies is propelling the global cloud API market growth. With the mounting amount of data generation, the need for effective data storage, management, and processing solutions has intensified. This has led to increased demand for cloud APIs, as they provide developers with the flexibility and scalability to build, deploy, and manage applications in the cloud environment.
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Additionally, the growing digital transformation across various industries, including retail, banking, manufacturing, and healthcare, among others, is also fuelling the cloud API market demand. Businesses are leveraging digital technologies to transform their business operations and customer experiences, driving the need for robust and efficient cloud solutions, thus promoting the cloud API market.
The widespread applications of cloud APIs across different sectors contribute significantly to cloud API market development. In the IT and telecom industry, cloud APIs are used to accelerate the delivery of innovative services and applications. The healthcare sector utilises cloud APIs for managing and analysing large volumes of health data, improving patient care and operational efficiency. Moreover, the BFSI sector is adopting cloud APIs to improve their service delivery and customer experience.
Furthermore, the increasing adoption of microservices and the rapid growth of the Internet of Things (IoT) are also fostering the cloud API market expansion. Microservices architecture allows developers to create applications as a suite of small services, which can be developed, deployed, and scaled independently. This is leading to an upsurge in the demand for cloud APIs, as they provide the necessary interoperability for microservices.
Cloud API Market Segmentation
The market can be divided based on type, enterprise size, industry vertical, and region.
Market Breakup by Type
SaaS APIs
PaaS APIs
IaaS APIs
Cross-platform APIs
Market Breakup by Enterprise Size
Large Enterprises
Small and Medium Enterprises
Market Breakup by Industry Vertical
Healthcare
BFSI
IT and Telecommunication
Manufacturing
Education
Media and Entertainment
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/cloud-api-market
Cloud API Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cloud API companies. Some of the major key players explored in the report by Expert Market Research are as follows:
Amazon Web Services, Inc
Broadcom, Inc
Citrix Systems, Inc
Google LLC
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
Rackspace Technology Inc
Salesforce, Inc
SAP SE
Cloud Software Group, Inc (TIBCO Software Inc)
Others
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