Global Cloud API Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global cloud API market in its upcoming report titled, “Global Cloud API Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global cloud API market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cloud API market report has been segmented on the basis of organization size, end-user, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Cloud application programming interface is a type of application programming interface (API) which act as an interface or gateway that provides direct and indirect cloud software, and infrastructure services to users.  Cloud API’s varies according to various services and solutions. There are three types of services available in the market: software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). SaaS APIs (application layer) helps to integrate with cloud and underlying IT infrastructure. In addition, PaaS APIs (service level) enable to provide access and functionality for cloud. Similarly, IaaS APIs (Infrastructure level) enables to control cloud resources and distributions.

Increasing adoption of cloud technology is a key factor expected to drive growth of the global market over the forecast period. In addition, rising adoption rate of smartphones and cloud platforms are other factors expected to further fuel growth of the target market. Furthermore, increasing adoption of cloud platforms in various industrial verticals such as BFSI, education, healthcare, IT and telecommunication, etc., owing to various advantages provided by cloud technology such as remote location access, flexibility, cost effectiveness, etc. This is another factor expected to boost growth of the target market in the near future.

However, cloud platform stores organizational data which is less secure, and there are chances of data theft and external breaches coupled with maintenance and documentation, which are key factors expected to restrain growth of the global market over the forecast period.

The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to rising digitalization and increasing adoption of cloud platform for industrial applications in various countries in this region. In addition, the market in Asia Pacific is expected to register highest CAGR over the forecast period, owing to increasing adoption of smartphones which is major factor in growth of the target market in developing countries such as India, China, and Japan in this region.

Global cloud API market segmentation:

Segmentation by organization size:

• Small and Medium Enterprises (SME’s)
• Large Enterprises

Segmentation by end-user:

• Banking, Financial services and Insurance (BFSI)
• Healthcare
• Hospitality
• IT and Telecommunication
• Media and Entertainment
• Retail

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa