Press release
Cloud API Market Size is Poised to Reach US$ 2,621.8 Million by 2028
Cloud API Market
A cloud application programming interface (API) is a set of rules and protocols that allow software applications to communicate and interact with cloud-based services. It acts as an intermediary, which enables different software components or systems to exchange data and perform specific functions. It provides developers with a standardized method to access and utilize various cloud services, infrastructure, platforms, or applications offered by cloud service providers (CSPs). It enables developers to create, configure, and manage virtual machines, storage, networking, databases, and other resources in the cloud.
How Big Is the Cloud API Market?
The global cloud API market size reached US$ 976.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,621.8 Million by 2028, exhibiting a growth rate (CAGR) of 17.6% during 2023-2028.
Related Posts: https://www.imarcgroup.com/cloud-api-market
Global Industry Trends and Drivers:
Presently, the increasing adoption of cloud API in small- and medium-sized enterprises (SMEs) to streamline business operations represents one of the primary factors bolstering the market growth around the world. Moreover, the rising usage of cloud API in the healthcare industry to enable the secure sharing of patient data, integration with electronic health record (EHR) systems, and access to medical research databases is propelling the growth of the market. In addition, the growing adoption of cloud API in the transportation and logistics industry for route planning, tracking shipments, and fleet management is influencing the market positively. Apart from this, the increasing utilization of cloud API in various industry verticals due to its numerous advantages, such as remote location access, flexibility, and cost-effectiveness, is strengthening the market growth.
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What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
SaaS APIs
PaaS APIs
IaaS APIs
Cross-platform APIs
Breakup by Enterprise Size:
Large Enterprises
Small and Medium Enterprises (SMEs)
Breakup by Industry Vertical:
Healthcare
BFSI
IT and Telecommunication
Manufacturing
Education
Media and Entertainment
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Amazon Web Services Inc. (Amazon.com Inc.), Broadcom Inc., Citrix Systems Inc., Dell Technologies Inc., Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Technology Inc., Salesforce Inc., SAP SE and Tibco Software Inc.
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Contact us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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