The Cloud API market was valued at US$ 295 million in 2016 and is projected to reach US$ 1,424 million by 2025, according to a new market research report Cloud API Market, By Organization Size (Small and Medium Enterprises and Large Enterprises), By End Users (BFSI, Healthcare, Hospitality, IT and Telecommunication, Media and Entertainment, Retail and Others) and by Geography -Global Forecast to 2025.
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. In today’s time, the cloud computing become one of the fastest growing technology. The increasing demand of cloud based business applications such customer relationship management, enterprise resource planning etc become the largest market for the cloud service spending’s. Hence due to this increasing demand for cloud based applications have parallely uplifted the market of cloud APIs in various verticals such as healthcare, banking, finance, retail, education, manufacturing etc. The increasing adoption of cloud technology by banking and finance industry have uplifted the growth of the market. Due to various advantages of cloud such as cost savings, usage based billing, business continuity, business agility, the various banking and financial institutions have adopted the cloud platform which also raised the demand of cloud APIs in BFSI industry.
Browse 40 Market Data Tables and 60 Figures spread through 300 Pages and in-depth TOC on " Cloud API Market, By Organization Size (Small and Medium Enterprises and Large Enterprises), By End Users (BFSI, Healthcare, Hospitality, IT and Telecommunication, Media and Entertainment, Retail and Others) and by Geography -Global Forecast to 2025.
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Key Takeaways of the Cloud API Market:
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