A recent report published by Infinium Global Research on the cloud API
market provides an in-depth analysis of segments and sub-segments in the global as
well as regional cloud API market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional cloud API
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global cloud API market.
According to the report, the global cloud API market is projected to grow at a
CAGR of 20.4% over the forecast period of 2019-2025.
Cloud Application Programming Interface promotes the development
of applications and services used in the provision of cloud hardware, software,
and platform. The leading players operating in the global cloud API market are
investing in research and development that encourages technological
advancement. The adoption of strategies such as mergers, acquisitions, and
collaborations contributes to market share growth in the global cloud API
market. Recently in 2019, Google acquired Elastifile which provides enterprise
file storage for cloud.
The rising adoption of cloud API drives the growth of the cloud API
market. Cloud API services act as an interface to provide direct and indirect
cloud infrastructure and software services for users. It is a significant
component of any public cloud solution. Different applications of cloud API are
built using microservices architectural design. The growing microservices
adoption by organizations and improved efficiency with cloud API stimulate the
growth of the cloud API market. The rising digitalization and surge in demand
for cloud platforms in industrial applications contribute to the growth of the
cloud API market. On the other side, security issues regarding cloud API hinder
the growth of the cloud API market. Moreover, technological advancement creates
several opportunities for the growth of the cloud API market.
Based on geography, the global cloud API market is classified into
North America, Asia-Pacific, Europe, and the Rest of the World. North America
is expected to have a premium share in the global cloud API market. The growing
adoption of cloud API for improving operational efficiency in IT infrastructure
drives the growth of the cloud API market in North America. Asia-Pacific region
is anticipated to grow in the global cloud API market with a healthy CAGR over
the forecast period. The rising digitalization in developing countries like
India and China contributes to the growth of the cloud API market in the
Asia-Pacific region. Europe is showing growth in the global cloud API market.
The report on the global cloud API market covers segments such as
type, enterprise size, and end-user. On the basis of type, the sub-markets
include PaaS APIs, SaaS APIs, IaaS APIs, and cross-platform APIs. On the basis
of enterprise size, the sub-markets include large enterprises, and small &
medium enterprises. On the basis of end-user, the sub-markets include IT and
telecommunication, banking financial services and insurance, manufacturing,
education, healthcare, media & entertainment, and other end-users.
The report provides profiles of the companies in the market such
as Google LLC, Citrix Systems, Inc., Amazon Web Services, Inc., International
Business Machines Corporation, Microsoft Corporation, Rackspace Inc., VMware,
Inc., CA Technologies, Inc., SAP SE, Oracle Corporation, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of the cloud API market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.