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Cloud API Market : Revenues to Reach US$ 1.78 Bn by 2026

Interdependency of businesses with cloud computing is rapidly gaining traction among multiple industry verticals, necessitating the need for an Application Programming Interface (API) that enables cloud application accessibility to numerous users. Smartphones, mobiles, and other connectivity devices have attained a predominant presence in the global tech industry, working as an ideal dais for the global cloud API market growth.

Development of cloud platforms and their integration in business infrastructure is being actively practiced by companies globally, especially in North America. In 2015, the cloud API market in North America surpassed US$ 100 million in revenues. With respect to global revenues, the US$ 295 million global cloud API market is expected to attain a steadfast growth and procure US$ 1,773.9 million over the forecast period of 2016-2026.

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https://www.persistencemarketresearch.com/market-research/cloud-api-market.asp

This research report provides a detailed analysis of the global Cloud API market and offers insights on the various factors driving the popularity of this market. The report includes an extensive analysis of key industry drivers, restraints, market trends and market structure. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business.

The report segregates the market based on cloud API applications across different regions globally. The report starts with an overview of the global Cloud API market in terms of value. In addition, this section includes analysis of key trends, drivers, and restraints from the supply, demand and economy side influencing the global Cloud API market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.

This 133 page report gives readers a comprehensive overview of the Cloud API Market. Browse through Table. Browse through 70 figures and 19 data tables to unlock the hidden opportunities in this market.

Global Cloud API Market: Research Highlights

  • The global cloud API market size is estimated to expand vigorously at 19.6% CAGR during the period of assessment

  • Top industries attuned with cloud API applications include healthcare, hospitality, media & entertainment, BFSI, retail, and IT & telecommunications

  • By 2026, cloud API applications in the global BFSI sector are expected to yield revenues worth over US$ 350 million

  • Cloud APIs in healthcare applications, however, are likely to incur a dip as the industry vertical’s market share is anticipated to descend over the forecast period

  • Compared to SMEs, large corporations will dominate the global cloud API market, contributing over US$ 1 billion to global revenues by the end of 2026

  • Despite the market’s exponential growth, improper documentation has been rendered as a crucial inhibitor for adoption of cloud API services, particularly in BFSI, retail and healthcare industry verticals.

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https://www.persistencemarketresearch.com/samples/8059

Companies such as Microsoft Corporation or Axway Software SA are identified as integration or Platform-as-a-Service (PaaS) specialists. Developing and delivering a customized cloud API management solution that easily integrates with the client’s business data system is a key offering of system integrators such as Accenture and The Hewlett-Packard Company. Correspondingly, Oracle Corporation and IBM Corporation are two of the leading players in the global cloud API market that manage API platforms by offering service governance. Apart from these, the global market for cloud API includes some core players such as Apigee Corporation, 3scale Inc., CA Technologies, Inc., Google Inc., SAP S.E., TIBCO Mashrey, and Amazon Web Services, Inc.

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