openPR Logo
Press release

Cloud API Market: Production, Sales, Supply, Demand, Analysis & Forecast to 2026

12-19-2017 07:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Cloud API Market: Production, Sales, Supply, Demand, Analysis &

A noticeable trend in the global cloud application programming interface (cloud API) is the acquisition of smaller companies by global giants in order to bolster their market positions. Amazon Web Services, Google Inc., IBM, CA Technologies Inc., Microsoft Corporation, TIBCO Software Inc., Red Hat, Inc., Oracle Corporation, and VMware, Inc. are to name some such well-entrenched big companies.

Cloud API allows development of applications and services used for the provisioning of cloud hardware, software, and platforms. It acts as a gateway or interface that provides direct and indirect cloud infrastructure and software services to users.

As per a study by Persistence Market Research, the global cloud API market will register a robust 19.6% CAGR during the period from 2016 to 2026 to become worth US$1.77 bn by 2026 from US$295 mn in 2016.

Request Sample: https://www.persistencemarketresearch.com/samples/8059

IoT Serving to Boost Market

Majorly fuelling the global cloud application programming interface (API) is the surging uptake of Internet of Things (IoT), which has served to up the number of connected devices considerably. Connected devices allow developers to integrate data with APIs to identify and gather necessary information from enormous amounts of data accruing of various sources. Other things helping to boost the market growth are soaring adoption of mobile and cloud platforms, swift uptake of micro services based architecture, and the changing methodology for applications development.

Cloud API is crucial for any company focused on deploying their services to cloud. It accords flexibility to perform user defined actions quickly and precisely that allows users to deploy and manage resources as per their requirements. This is another key driver cloud API market.

Posing a roadblock to the global cloud API market, on the other hand, is financial constraints arising from stringent IT budgets and improper documentation of cloud APIs.

Large Enterprises at the Forefront of Uptake

Depending upon end-users, the global cloud API market can be segmented into small and medium enterprises (SMEs) and large enterprises. Among them, the large enterprises account for maximum market share. This is because larger enterprises in retail, telecommunication, healthcare, banking, finance services, and insurance (BFSI), etc. have been pouring money into cloud API platforms as it helps to leverage existing back-end applications, services, and data to speed up the time-to-market process, besides benefitting various aspects of the business such as sales, procurement, and finance in different ways.

Further, quite a few large enterprises at present provide their own cloud APIs, providing application developers tools to focus on building innovative and user-friendly applications. Apple Inc., for example, offers iCloud API store, allowing application developers to store their application documents and valuable data in iCloud. The API facilitates developers to access the sync and backup services and wirelessly transfer documents to the device of the user automatically. The large enterprises segment was valued at nearly US$180 mn in 2015.

Download TOC: https://www.persistencemarketresearch.com/toc/8059

Need of SME to Function Effectively Makes them Adopt Cloud APIs Swiftly

In terms of growth rate, however, the SMEs are expected to outshine by registering a CAGR of 21.9% from 2016 to 2026. Such entities are leveraging cloud APIs to conduct their business more efficiently and thereby stay ahead of the curve. The SMEs are adopting Cloud API technology to primarily find new ways to engage and serve customers, streamline operations, and modernize IT infrastructure. Further, swift adoption of mobile and cloud platforms for back-end services among SMEs is increasing the use of cloud API management platforms.

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.

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cloud API Market: Production, Sales, Supply, Demand, Analysis & Forecast to 2026 here

News-ID: 866590 • Views:

More Releases from Persistence Market Research

Frozen Pastries Market to Reach $3.8 Bn by 2032 Driven by Convenience and Ready-to-Eat Demand
Frozen Pastries Market to Reach $3.8 Bn by 2032 Driven by Convenience and Ready- …
The global frozen pastries market is set for consistent expansion over the next decade, driven by the growing demand for convenient, ready-to-bake bakery products and evolving consumer lifestyles. According to market projections, the global frozen pastries market size is likely to be valued at US$ 2.6 billion in 2025 and is estimated to reach US$ 3.8 billion by 2032, growing at a CAGR of 5.7% during the forecast period from
Cookies Market to Reach US$ 54.4 Bn by 2032 Driven by Rising Demand for Premium Snacks
Cookies Market to Reach US$ 54.4 Bn by 2032 Driven by Rising Demand for Premium …
The global cookies market is witnessing steady growth, with its valuation expected to reach US$ 38.3 billion in 2025. According to projections, the market is set to rise significantly and reach approximately US$ 54.4 billion by 2032, expanding at a compound annual growth rate (CAGR) of 5.1% between 2025 and 2032. This growth trajectory is fueled by evolving consumer lifestyles, increasing demand for convenient and on-the-go snacks, and the rising
Flaxseeds Market Growth Driven by Health Trends | Valued at US$ 1,284.7 Mn in 2025
Flaxseeds Market Growth Driven by Health Trends | Valued at US$ 1,284.7 Mn in 20 …
The global flaxseeds market is witnessing substantial expansion, driven by the growing consumer awareness of health benefits associated with flaxseed consumption and its increasing use across diverse industries such as food and beverages, pharmaceuticals, and cosmetics. According to recent industry analysis, the global flaxseeds market size is likely to be valued at US$ 1,284.7 million in 2025, and is projected to reach US$ 2,145.3 million by 2032, expanding at a
Sterols Market Growth: Valued at $1,268.6 Mn in 2025 to Reach $2,261.7 Mn by 2032 Driven by Rising Health Awareness
Sterols Market Growth: Valued at $1,268.6 Mn in 2025 to Reach $2,261.7 Mn by 203 …
The global sterols market is on a trajectory of robust expansion, anticipated to reach a valuation of US$1,268.6 million in 2025 and further grow to US$2,261.7 million by 2032, registering a healthy CAGR of 8.6% during the forecast period (2025-2032). Sterols, a group of naturally occurring compounds found in plants and animals, are gaining increasing attention across multiple industries due to their functional and health-promoting benefits. The growing global demand

All 5 Releases


More Releases for API

API Management Market Size, Trends Analysis 2032 by Key Vendors- Google, Cloud A …
USA, New Jersey: According to Verified Market Research analysis, the global API Management Market size was valued at USD 4.37 Billion in 2024 and is projected to reach USD 33.07 Billion by 2032, growing at a CAGR of 28.77% from 2026 to 2032. What is the current outlook of the API Management Market and its expected growth potential? The API Management Market is witnessing robust expansion due to the growing need
Api 607 Vs API 608: A Comprehensive Comparison Guide Of Industrial Valve
Introduction: Why are API standards so important for industrial valves? In high-risk industries such as oil and gas, chemicals and power, the safety and reliability of valves can directly affect the stability of production systems. The standards set by API (American Petroleum Institute) are the technical bible of industrial valves around the world. Among them, API 607 and API 608 are key specifications frequently cited by engineers and buyers. This article will
Vehicle API Market 2023 | Futuristic Technology- CarAPI, Caruso, One Auto API, A …
The Vehicle API market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Vehicle API report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period. The Vehicle API research report also provides insights of different regions that are
Face Recognition API Market Growth, Business Overview 2023, and Forecast to 2030 …
Facial recognition is a way of recognizing a human face through technology. A facial detection system uses biometrics to map facial features from a photograph or video. It compares information with a database of known faces to find a match. Moreover, the accuracy of facial recognition systems has improved way better in the last decade. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger,
API Management Market Report 2018: Segmentation by Solution (API Portal, API Gat …
Global API Management market research report provides company profile for Akana, Inc. (U.S.), Apiary, Inc. (U.S.), Axway, Inc. (France), CA Technologies, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Dell Boomi, Inc. (U.S.), DigitalML (U.S.), Fiorano Software, Inc. (U.S.), Google, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), IBM Corporation (U.S.), Mashape Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical
Telecom API Market: OTT Service Providers Continue Cutting into Telecom API Prof …
The highly fragmented market of telecom API holds a staggering number of service providers and aggregators that are already offering their APIs to various telecom carriers. Alcatel Lucent, Apigee Corp., and Fortumo OU were the leading providers of telecom API from a global perspective in 2014. Telecom carriers have partnered with them and other prominent players in the past to launch APIs in the market. According to Transparency Market Research’s latest