Press release
Global Cloud API Market Size, Growth Drivers, SaaS/PaaS/IaaS Trends, Industry Demand & Forecast 2025-2033
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Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
Cloud API Market Key Takeaways
The global cloud API market size was USD 1,325.8 Million in 2024.
The market is expected to grow at a CAGR of 14.42% during 2025-2033.
The forecast period covered is 2025 to 2033.
Market growth is fueled by rising adoption of cloud technologies and digital transformation initiatives across industries.
Increasing use of microservices architecture drives demand for flexible, scalable APIs.
The growth of IoT and AI technologies supports demand for smart, connected ecosystems.
Security concerns and compliance regulations are driving investments in secure cloud APIs.
Market Growth Factors
The global cloud API market is expanding rapidly due to businesses adopting cloud technologies to enhance operational efficiency and improve customer experiences by enabling seamless integration and real-time data exchange. The growing need for automation and advanced analytics further propels demand for robust cloud apps capable of handling complex interactions with scalable solutions. Additionally, the rise of IoT and AI technologies is increasing the demand for cloud APIs that support innovations for smarter, more connected ecosystems.
Digital transformation initiatives are a major catalyst, with 60% of companies aiming to increase investments in digitalization by 2023, as cited by BCG's "Mind the Tech Gap" survey. The COVID-19 pandemic accelerated this trend by pushing remote work and digital service delivery, making cloud APIs essential for quick business model adaptations and interoperability.
Security is a critical driver as advanced authentication, encryption, and access control features in cloud APIs are essential to address sophisticated cyber threats. With increasing data breaches, businesses are investing in secure APIs to comply with stringent data protection laws. The need for operational scalability and efficiency is also vital; cloud APIs allow startups and SMEs to scale while optimizing costs, contributing to market growth.
Market Segmentation
Breakup by Type:
SaaS APIs: Hold the majority market share driven by widespread adoption of SaaS solutions in operations. They enable seamless integration of applications like CRM, ERP, and marketing tools, improving workflows and decision-making. Customization and security features are key drivers for SaaS API demand.
PaaS APIs
IaaS APIs
Cross-platform APIs
Breakup by Enterprise Size:
Large Enterprises: Account for the majority market share due to needs for digital transformation, globalization, data analytics integration, and strong compliance and security demands.
Small and Medium Enterprises (SMEs)
Breakup by Industry Vertical:
Healthcare: Holds the largest market share driven by the need for system interoperability, regulatory compliance, telemedicine, and remote patient monitoring.
BFSI
IT and Telecommunication
Manufacturing
Education
Media and Entertainment
Others
Regional Insights
North America dominates the global cloud API market, owing to advanced technological infrastructure, high digital adoption, and presence of leading cloud service providers and technology companies. The region experiences robust growth fueled by cybersecurity investments and regulatory compliance such as GDPR, CCPA, and HIPAA. The COVID-19 pandemic accelerated the need for cloud APIs to support seamless and secure remote work and operational transitions.
Recent Developments & News
In June 2023, Amazon Web Services Inc. announced that Old Mutual shut down its on-site data centers and migrated its entire IT infrastructure including banking, insurance, and wealth management systems to AWS, marking a significant digital transition.
In June 2023, Broadcom Inc. announced a multibillion-dollar deal to supply wireless processors and radio frequency components for 5G.
In May 2023, Dell Technologies Inc. and Nvidia announced Project Helix, providing full-stack solutions based on their infrastructure and software with ready-made tools.
Key Players
Amazon Web Services, Inc.
Axway
Broadcom Inc.
Cloud Software Group, Inc.
Google LLC
gravitee.io
International Business Machines Corporation
Kong Inc.
Microsoft Corporation
Salesforce, Inc.
SAP SE
Tyk Technologies
WSO2 LLC
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Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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