Global Cloud API Market- Insights
Cloud Application Programming Interface is a type of API that permits for the development of services and applications used for the provisioning of cloud platforms, software and hardware. A cloud application programming interface works as an interface or gateways that provides direct and indirect cloud software and infrastructure services to users. According to different services and solutions the cloud application programming interface varies. Majorly there are three types of services: software as a service, Platform as a Service and Infrastructure as a Service. The software as a service APIs (Application layer) helps to integrate with the cloud and underlying IT infrastructure. The Platform as a service APIs (Service level) helps to provide access and functionality for the cloud. Similarly, Infrastructure as a Service APIs (Infrastructure level) helps to control cloud resources and distributions. The increasing adoption of smartphone and cloud platforms have accelerated the demand of cloud application programming interface market globally. The increasing adoption of cloud technology have accelerated the market of Cloud APIs.
The increasing adoption of cloud technology become one of the key factor for the growth of the cloud application programming interface market. According to Coherent Market Insights, by 2020 near 92 percent of the workloads will be processed by cloud data centers. Due to various advantages such as remote location access, flexibility, cost effective etc have increasing the demand of cloud in various verticals such as healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, IT & Telecommunication etc. In addition to this, due to less IT investment and maintenance cost, most of the small and medium size companies adopted the cloud platform have parallely raised the demand of cloud API
Figure. Global Cloud API Market, by (2015-2025)
Source: Coherent Market Insights Analysis
North America holds a dominant position in the market in 2016
North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Some of the major countries driving growth of the market in the region are the U.S. and Canada. In 2015, the North America cloud APIs market generate the revenue of US$ 115.9 million. The high dominance of digitalization and cloud platform become one of the major factor which provides the dominant position to the North America cloud application programming interface. In addition to this, due to highly presence of top leading companies such as Google, IBM, Microsoft, Oracle etc have uplifted the cloud API market in this region.
In addition to this, Asia Pacific Cloud API market is projected to grow with the highest CAGR in the forecast period. India, china, Japan are some of the major countries which drives the market in this region. The increasing sales of smartphones pays a major role for the growth of cloud APIs in this region. According to Coherent Market Insights, it is estimated that near 1139.8 million smartphone users are present in 2016 and is projected to reach 1366.3 million smartphone users by 2018. In addition to this, the increasing adoption of cloud platform by small and medium sized enterprises have also accelerated the market of cloud APIs in Asia Pacific region countries.
Key Companies- Global Cloud API Market.
Some of the major companies in the global Cloud API market Amazon Web Services, Inc., CA Technologies, Inc, Citrix Systems, Inc., Google Inc., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Inc., Red Hat, Inc, Tibco Software Inc. VMware, Inc. and Zend Technologies Ltd.