Press release
Global Cloud API Market is Expected to Grow at a CAGR over 20% post 2022
It has been observed that over the past few years, increased implementation of microservices architectural style for developing a single application and easy integration of cloud application programming interfaces with existing applications of organizations are driving the cloud API market. In addition to this, use of speech recognition and cognitive computing applications, of which cloud API is an integral part is another key factor accelerating the Cloud API Market.
The study indicates that cloud API is significant for any company that is focusing towards deploying their services to cloud. The study indicates that cloud API enables organizations to perform deployment processes and infrastructure management according to their business requirements that aids the growth in the cloud API market. In addition to this, cloud API provide flexibility to perform user defined actions in a quick and precise manner that allows users to deploy and manage resources as per their requirements which is another driving factor for the cloud API market. The improper maintenance and documentation of cloud API services and failure to clearly define the operations of cloud API which makes it difficult for end users to understand the services are few restraining factors for the cloud API market.
The cloud API market is growing rapidly over 20% of CAGR and is expected to reach at USD 763 million by the end of forecast period.
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Cloud API Market Segmentation
The Cloud API market has been segmented on the basis of end-users and vertical. The end-users segment consists of large enterprises and small and medium enterprises. The study indicates that by end-users segment, large enterprises have a larger share in the cloud API market. The vertical segment consists of BFSI, IT & telecommunication, healthcare, manufacturing, education, media & entertainment and others. The study indicates that by vertical, the BFSI sub-segment would hold a major share in the cloud API market
Recently, it has been observed that many large companies like Google Inc. and Microsoft Corporation are acquiring small cloud API platform vendors in order to increase their total market share.
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 100 numbers of pages of the project report “Cloud API Market Research - Forecast to 2022”
Key Players:
The prominent players in the cloud API market are- Amazon Web Services (U.S.), Google Inc. (U.S.), CA Technologies Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), TIBCO Software Inc. (U.S.), Red Hat, Inc. (U.S.), Oracle Corporation (U.S.), VMware, Inc. (U.S.) among others/
Market Research Analysis:
Regional analysis for cloud API market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in cloud API market followed by Europe. It has been observed that North America region is fast adopting cloud API for integration of their existing applications as several of the organizations applications are built using micro services.
The study reveals that Asia-Pacific region is expected to have a significant growth in cloud API market by the forecast period. In Asia-Pacific countries like China, Japan and Korea small and medium enterprises are adopting cloud API at a significantly high rate as compared to large enterprises which is the primary growth driver for the Asia-Pacific region.
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List of Figures
FIGURE 1 Research Network Solution
FIGURE 2 Global Cloud API Market: By End-Users (%)
FIGURE 3 GLOBAL CLOUD API Market: By Vertical (%)
FIGURE 4 Global Cloud API Market: By Region
Continued…
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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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