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Cloud API Market Estimated to Rise at US$ 1.78 Bn by 2026

08-08-2017 10:10 AM CET | IT, New Media & Software

Press release from: Persistence Market Research PVT. LTD.

Cloud API Market Estimated to Rise at US$ 1.78 Bn by 2026

North America’s contribution to global cloud API market is set to increase as compared to other regions, says a new study. Increasing use of mobile and cloud platforms, change in application development methodology are boosting the cloud API market. However, stringent IT budgets, financial constraints and poor documentation of cloud APIs are acting as a hurdle in the growth of cloud API market.

APEJ cloud API market is set to witness an increase in revenues during 2016-2026. The primary reason for this increase is the rise in trends such as digitization. BFSI, hospitality, healthcare, retail, media & entertainment and IT & telecommunications are some of the industries with highest cloud API applications. Global BFSI sector and large corporations will dominate the cloud API application market.

Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/cloud-api-market.asp

Cloud Application Programming Interface (API) is a type of API that helps in developing applications and services. With cloud computing becoming popular among various industry verticals, the demand for API has increased. According to the latest report by Persistence Market Research (PMR), global cloud API market is expected to reach 19.6% CAGR during 2016-2026. Increased number of connected devices and Internet of Things (IoT) are the factors driving Cloud API market.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/8059

Large enterprises are heavily investing in cloud API platforms. Most of the large enterprises also offer their own cloud API for developers to build user-friendly and innovative applications. For instance, Apple provides iCloud API to developers that enable them to store data and application documents in iCloud. It also wirelessly transfers documents to various devices.

Small and medium enterprises are also adopting new technologies due to the rise in the integration of the web and mobile applications by business and customers. Cloud API is a new way to serve customers, modernize IT infrastructure and manage operations. SMEs segment in global cloud API market is anticipated to reach 9% CAGR during 2016-2026.

Request to view table of content @ http://www.persistencemarketresearch.com/market-research/cloud-api-market/toc

Based on the companies, development of the cloud API market is divided into four categories such as platform management providers, system integrators, integration specialists and pure players. The study also reveals that IBM Corporation and Oracle Corporation are the two major players in Cloud API market. While Axway Software SA and Microsoft Corporation are considered specialists in Platform-As-A-Service (PaaS) and integration.

The cloud API market in the Middle-East and Africa is at a very nascent stage, hence, domestic players and companies are being encouraged for development and implementation of API across businesses.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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