The Cloud API Market analysis 2020 offers a steady compound annual growth rate (CAGR) from 2018 to 2023 of 20% during the years between 2016 and 2022. Market Research Future estimates the figures and reveals that the market will witness high growth prospects in the coming years.
Well-Known Players in Global Cloud API Market are listed as:
Google Inc. (U.S.), Amazon Web Services (U.S.), International Business Machines Corporation (U.S.), CA Technologies Inc. (U.S.), TIBCO Software Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Red Hat, Inc. (U.S.), VMware, Inc. (U.S.) and more. They have been investing a heavy amount to make the market more valuable in the forecast period.
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The global cloud API market is likely to show excellent growth over the forecast period. An increase in the implementation of microservices architectural style to develop a single application and the easy coupling of cloud-based programming interfaces with existing organizations’ existing applications are expected to be major factors that are likely to surge the global cloud API market.
Other factors that are expected to boost the expansion of the worldwide market of Cloud Application Programming Interface (API) are detailed in the report. The widespread use of technologies, such as cognitive computing and speech recognition and which are integral parts of cloud API is another crucial factor that is anticipated to accelerate the cloud API market. MRFR’s study indicates that cloud API is significant to every company that focuses on deploying its services to cloud, as it enables organizations to enhance their deployment processes and better manage the internal infrastructure from business requirements parse. This, in turn, is expected to aids in the propulsion of the worldwide cloud API market growth.
In addition, cloud API provides flexibility, and quick and precise results, in a way that allows users to manage resources as per their needs. It is also identified as a growth-inducing factor for the cloud API market. On the contrary, the improper documentation and maintenance of cloud API services can retard the fast-paced expansion of the market. Alongside, the failure to clearly define cloud API operations can make it difficult for end-users to understand the services availed by the technology, which can also restraint the cloud API market.
From the segmental analysis viewpoint, the global Cloud Application Programming Interface Market has included various segments such as end-users and vertical.
Depending on end-users, the market has included large enterprises and small & medium enterprises.
Depending on vertical segment, the market has included BFSI, Healthcare, IT and Telecommunication, Manufacturing, Education, Media & Entertainment, and others.
Detailed Regional Analysis:
The worldwide cloud API market appears to be highly competitive due to the growing demand for technology. As per MRFR’s regional study, the API cloud market in North America is projected to generate maximum revenue across the review period. The different geographic regions where the cloud API market is studied are Americas, Europe, Asia Pacific and the Rest of World (RoW). After North America, Europe is estimated to witness the high growth pace of the market. It is noted that due to the quick adoption of cloud API across numerous verticals in the US, the market in North America is expected to gain a high traction across the years of assessment. In addition, as organizations incline towards microservices-based business models the regional market is likely to make high gain. The cloud API market in the Asia Pacific region is expected to show significant growth.
Table of Content:
1 MARKET INTRODUCTION
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 CLOUD API MARKET, BY SEGMENTS
6.2 MARKET STATISTICS
6.2.1 BY END-USERS
220.127.116.11 LARGE ENTERPRISES
18.104.22.168 SMALL AND MEDIUM ENTERPRISES
6.2.2 BY VERTICAL
22.214.171.124 IT & TELECOMMUNICATION
126.96.36.199 MEDIA & ENTERTAINMENT
6.2.3 BY GEOGRAPHY
188.8.131.52 NORTH AMERICA
184.108.40.206 REST OF THE WORLD
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