Product ID: UCMIG45D2005
Cloud API Market Size, Share, Growth Analysis, By TYPE(PaaS APIs, SaaS APIs), By ENTERPRISE SIZE(Large Enterprises, Small & Medium Enterprises (SMEs)), By INDUSTRY VERTICAL(BFSI, IT and Telecommunication), By REGION(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG45D2005 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Cloud API Market Insights
Market Overview:
To bring agility to the cloud, APIs are widely being used to provide faster communications means and faster software patched distribution with ease to streamline updates. Cloud APIs benefits are widely taken by emerging technologies. During the forecast period, the SaaS APIs segment was the highest contributor to the cloud API market in 2018 and is projected to remain dominant, due to a rise in software-centric approaches for almost all smart devices among various industry verticals. Across the globe, the rise in the development of software applications such as mobile apps, which are high in demand among individuals is also supporting the growth of the SaaS APIs segment in the global cloud API market. Owing to the increase in migration activities among industries, especially in emerging economies, the IaaS APIs segment is expected to witness the highest growth. Owing to the migration process, major players are developing distinctive products. Through APIs, the Apache software foundation's open sources cloud computing platform named OpenStack exposes infrastructure as a resource pool. While migrating from legacy systems, Cloud APIs are key building blocks that support interoperability and design modularity, which help improve the way solutions and systems exchange information, execute transactions and invoke business logic.
Cloud API Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Cloud API Market Report Snapshots
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