Cloud API Market Set to Grow at Healthy CAGR of 20.23% by 2027
Posted by nileshdbmr on March 31st, 2021
Cloud API market is expected to reach USD 2,148.67 million by 2027 witnessing market growth at a rate of 20.23% in the forecast period of 2020 to 2027. Cloud API is a type of an API which allows the creation of cloud infrastructure, software and platform applications and services. It usually acts as a gateway that provides cloud services to the users. Some of the common types of cloud API are PaaS APIs, SaaS APIs, IaaS APIs and cross-platform APIs.
Major Market Competitors/Players: Global Cloud API market
The major players covered in the cloud API market report are Amazon Web Services, Inc., Broadcom, Dell Inc., Google, IBM Corporation, Oracle, salesforce.com, Inc., TIBCO Software Inc., SAP SE, Axway, Scale AI, Inc., VMware, Inc., Red Hat, Inc., TWILIO INC., UpCloud Ltd, Bandwidth Inc. among other domestic and global players.
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Increasing demand for cloud native API is expected to create new opportunity for the market. Some of the other factors such as rising adoption of cloud computing, increasing demand for micro services by organizations, rising digitalization, technological advancements and improvement in the operational efficiency and DevOps automation is expected to further enhance the cloud API market in the forecast period of 2020 to 2027.
Market Segmentation: Global Cloud API market
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Joined: September 27th, 2019
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