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.
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