Scope of the Study
Cloud Application Programming Interface (API) is a type of API that enables the development of applications and services used for the provisioning of cloud hardware, software, and platforms. A cloud API serves as a gateway or interface that provides direct and indirect cloud infrastructure and software services to users. Cloud APIs integrate applications in order to provide inter-cloud compatibility and improving cloud user experience. Cloud API provides efficient ways to connect organizations to their environments together. The cross-platform support provided by the cloud APIs enables cloud users to have easy access to cloud resources not only from their principal cloud provider but from others as well. The growing trend for the development of vendor-specific cloud API is expected to boost the market growth in the upcoming years.
The market study is being classified by Type (Control API, Data API and Application API) and major geographies with country level break-up. According to AMA, the Global Cloud API market is expected to see growth rate of 21.91%
Zend Technologies (United States), Microsoft Corporation (United States), IBM Corporation (United States), Rackspace Inc. (United States), Nirvanix (United States), Google, Inc. (United States), SAP SE (Germany), CA Technologies (United States), Amazon Web Services (United States), Axway Software SA (France), TIBCO Software Inc. (United States), VMware, Inc. (United States), Oracle Corporation (United States) and Salesforce.com, Inc. (United States) are some of the key players profiled in the study.
The global cloud API market is highly competitive and consists of a limited number of vendors who compete with each other. According to AMA research, the intense competition, changing consumer spending patterns, technological evolutions, and frequent changes in consumer preferences pose significant opportunities for the growth of cloud API. To gain a competitive edge in the market, the providers are highly investing in R&D to develop innovative solutions and stay updated with the emergent technologies that could influence their services. Research Analyst at AMA predicts that North America and Europe Players will contribute to the maximum growth of Global Cloud API market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Cloud API market by Type, Application and Region.
On the basis of geography, the market of Cloud API has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Ease Access and Functionality for Cloud Environment
- Growing Adoption of Cloud Computing
- Increased Use of Representational State Transfer (REST) Frameworks in Cloud APIs
- Ease of Data Retrieving through Cloud APIs
- Trend for the Development of Vendor-Specific Cloud API
- Cross-Cloud Compatibility of Cloud API
- Increasing Demand for Micro Services by End Users Industries
- Growing Adoption Small and Medium Enterprises
- Efficient Management of Platform Security in Cloud Environment
- Cloud API Enables to Have Operations across Different Cloud Platforms
- Network Connection Dependency
Market Leaders and their expansionary development strategies
In November 2019, Google acquired CloudSimple, an enterprise software firm that provides secure, high performance, dedicated environments to run VMware workloads in the Cloud. This acquisition builds on Google’s existing partnership with CloudSimple and enables Google to accelerate a fully integrated VMware migration solution with improved support for their customer.
Analyst CommentThe growing penetration of cloud technology has increased the market demand for Cloud API. The demand for the vendor-specific cloud API is increasing due to the need to have a business-oriented cloud environment and security. Also, cloud APIs have the capability to provide efficient management of platform security which has increased their popularity among the end-user industries.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Cloud API Providers, Cloud Service Providers, Software Service Providers and End-User Industry
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