The global cloud API market revenue is expected to expand at a moderate CAGR over the forecast period. Increasing preference towards cloud API in various end-use industries is a key factor expected to drive growth of the global market over the forecast period.

The global cloud API market report has been segmented on the basis of organization size, end-user, and region. On the basis of organization size, the target market is segmented into small and medium enterprises (SME’s) and large enterprises. Large enterprises organization size segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing adoption of cloud platforms that offer innovative services and products. On the basis of end-user, the target market is segmented into banking, financial services and insurance (BFSI), healthcare, hospitality, it and telecommunication, media and entertainment, and retail. The BFSI end-user segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing adoption of cloud API for software development, upgrading existing applications with additional and new functionality and features.

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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological advancements and presence of key players such as Google LLC., International Business Machines Corporation Company (IBM), Microsoft, Oracle Corporation etc., in various countries in this region. The market in Asia Pacific is expected to register highest CAGR over the forecast period, owing to increasing awareness of cloud API and rising adoption of cloud platform by small and medium sized enterprises (SME’s) in developing countries in this region.

Key players operating in the global cloud API market include Amazon Web Services, Inc., Citrix Systems, Inc., Google LLC., International Business Machines Corporation Company, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc., Red Hat, Inc., VMware, Inc., and Zend Technologies Ltd.

 

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