About Cloud API
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 21.91% |
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. Analyst at AMA Research estimates that North America and Europe Players will contribute the maximum growth to Global Cloud API market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cloud API market by Type (Control API, Data API and Application API) 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). If we see Market by API Platform, the sub-segment i.e. Process API will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectors, the sub-segment i.e. Cloud will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Industry, the sub-segment i.e. BFSI will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Protocols, the sub-segment i.e. Protocols Representational State Transfer (REST) will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Large Enterprises will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Data Formats, the sub-segment i.e. XML will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cloud Service Model, the sub-segment i.e. Infrastructure as a Service (IaaS) will boost the Cloud API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend for the Development of Vendor-Specific Cloud API
Market Growth Drivers:
Ease Access and Functionality for Cloud Environment, Growing Adoption of Cloud Computing, Increased Use of Representational State Transfer (REST) Frameworks in Cloud APIs and Ease of Data Retrieving through Cloud APIs
Challenges:
Network Connection Dependency
Restraints:
Data Privacy Concerns
Opportunities:
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 and Cloud API Enables to Have Operations across Different Cloud Platforms
Market Leaders and their expansionary development strategies
In December 2023, Nagarro, a global digital engineering leader, announced a strategic partnership with Kong, a pioneer in API management and enterprise integration. This partnership will be instrumental for Nagarro’s strategy to collaborate with customers on API-enabled business transformation. It is a step forward in API management, and digital customer experiences space that promises to redefine how organizations engage with their customers.
In December 2023, Accenture and Google Cloud announced a new initiative to help businesses adopt generative AI to improve operations, create new lines of businesses, and build unique customer experiences. Accenture and Google Cloud will create a global, joint generative AI Center of Excellence (CoE) that will provide businesses with the industry expertise, technical knowledge, and product resources to build and scale applications using Google Cloud’s generative AI portfolio and accelerate time-to-value.
Analyst View
The 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 Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cloud API Providers, Cloud Service Providers, Software Service Providers and End-User Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.