Cloud API Market Material Segment expected to reach USD 763 Million by 2022 with a CAGR of 20%

Author: Rahul Sisodiya

Cloud Application Programming Interface (API) is a type of API that enables the development of applications and services used for provisioning of cloud hardware, software and platforms. A cloud API services acts as a gateway or interface that provides direct and indirect cloud infrastructure and software services to users. A cloud API is a significant component of any public cloud solution.

Cloud APIs vary according to the provided service or solution which are: infrastructure as a service (IaaS), software as a service (SaaS) and platform as a service (PaaS). IaaS APIs provide raw computing and storage, SaaS APIs provision connectivity and interaction with a software suite and PaaS APIs provide backend architecture for building intensive and feature rich applications.

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The study indicates that the major driving factor for the cloud API market is the increasing number of applications that are built using micro services architectural design. It has been observed that over the recent past several easy to use developer tools have been launched by cloud API providers. Moreover, large cloud API providers are acquiring niche cloud API platform providers in an attempt to increase their total market share.

The global cloud API market is expected to grow at USD 763 million by 2022, at 20% of CAGR between 2018 and 2022.

Key Players:

The prominent players in the cloud API market are - Amazon Web Services (U.S.), Google Inc. (U.S.), CA Technologies Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), TIBCO Software Inc. (U.S.), Red Hat, Inc. (U.S.), Oracle Corporation (U.S.), VMware, Inc. (U.S.) among others.

Segments:

Cloud API Market is segmented on the basis of end-users and vertical.

Cloud API market by end-users:

  • Large Enterprises
  • Small & Medium Enterprises

Cloud API market by Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Education
  • Manufacturing
  • Media & Entertainment
  • Others

Regional Analysis:

The regional analysis of cloud API market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the cloud API market owing to factors such as wide adoption of microservices by organizations. The study indicates that Europe has the second biggest market share in the cloud API market.

Asia Pacific cloud API market is expected to show a positive growth over the forecast period owing to factors such as wide adoption of cloud API by small and medium enterprises. In Asia-Pacific countries like China, Japan and others are implementing easy to use developer tool to access cloud API due to which the study reveals that these countries would show a sudden hike in cloud API market by the forecast period.

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Intended Audience

  • Technology investors
  • Cloud providers
  • Server manufacturers
  • Integrated device manufacturers (IDMs)
  • Wearable electronics technology platform developers
  • Original equipment manufacturers (OEMs)
  • Smart grid integrators
  • Developers and platform providers
  • Research/Consultancy firms