Persistence Market Research presents an all-encompassing study of the global Cloud API market titled ‘Global Market Study on Cloud API: SMEs End User Segment Anticipated to Register Relatively High CAGR over the Forecast Period ’. This study demonstrates the market dynamics and trends globally across the seven regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA which influence the current nature and future status of the Cloud API market over the forecast period. In this report, Persistence Market Research gives an overall view of the global Cloud API market and also throws light on the market sentiment and overall segments of this market. The period of assessment of this report is for ten years and this report enlightens clients on the crucial aspects of the global Cloud API market in the coming decade. An in-depth study of the market was done by the highly qualified team of analysts at Persistence Market Research and information were collated on the drivers and trends that will likely influence the market in the coming decade. The report gives a detailed description of the effect these drivers and restraints will have on the global Cloud API market and this gives a crystal clear picture to the client regarding how the market will shape up in the future.
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.
Key Segments Covered
Key Regions Covered
A detailed analysis has been provided for every segment in terms of market size analysis for Cloud APIs across the different regions. The report provides a detailed analysis covering key trends, absolute dollar opportunity, and BPS analysis. The report provides a market outlook for 2016–2026 and sets the forecast within the context of cloud APIs, including latest technological developments as well as offerings in the global Cloud API market. This study discusses key trends within countries contributing to the growth of the market, as well as analyses the degree to which drivers are influencing this market in each region.
In the final section of the report, Persistence Market Research has included a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in the cloud API portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the cloud API value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global Cloud API market.
To calculate the global Cloud API market size, we have considered revenue contribution of cloud API vendors, along with the cloud API penetration in various regions. Forecasting models are developed in order to quantify the impact of each of these factors on industry spending. A forecast scenario for each causative factor is then created and the contribution of each factor on a prospective basis is identified.
The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global Cloud API market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analyses based on the technology trends.
Key metrics covered
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global Cloud API market. As previously highlighted, the global cloud API market is split into a number of segments. All segments in terms of an end user and vertical, and based on different regions are analyzed in terms of the basis point to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends dominating the global cloud API market. Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global cloud API market.
The emergence of the Internet of Things is driving the global Cloud API market
Persistence Market Research forecasts that the global Cloud API market is expected to be valued at US$ 295.0 Mn by 2016 end and will reach US$ 1773.9 Mn by 2026, representing a CAGR of 19.6% between 2016 and 2026. One of the major factors driving this market is the emergence of the Internet of Things, which has increased the number of connected devices exponentially. Connected devices enable developers to integrate data with APIs to identify and collect relevant information from vast amounts of accumulated data.
Some of the major factors driving the growth of the global Cloud API market are increasing usage of mobile and cloud platforms, growing adoption of micro services based architecture, and the change in methodology for development of applications. However, the growth of the market is hampered by factors such as financial constraints due to stringent IT budgets and improper documentation of cloud APIs.
Rapid adoption of mobile and cloud platforms for back-end services among the small and medium scale enterprises is increasing the use of Cloud API management platforms
The global cloud API market is classified on the basis of end user and vertical. Further on the basis of end user, the market is segmented as SMEs and large enterprises. The large enterprises segment was valued at nearly US$ 180 Mn in 2015. Whereas, the SMEs segment is anticipated to register the highest CAGR of 21.9% during the forecast period.
Pertinent market numbers regarding the small and medium scale enterprises (SMEs) segment
Prominent Trends – By End User
Large enterprises are majorly investing in Cloud API platforms
In the recent past, larger enterprises across various sectors such as telecommunication, retail, healthcare, BFSI and others have been heavily investing in cloud API platforms as it enables leveraging the existing back-end applications, services and data to accelerate the time-to-market process and also benefits different aspects of the business including sales, procurement, and finance in various ways. Additionally, many large enterprises currently offer their own cloud APIs, providing application developers tools to focus on building innovative and user-friendly applications. Apple Inc. provides iCloud API store, enabling application developers to store their application documents and valuable data in iCloud. The API allows developers to access the sync and backup services and wirelessly transfer documents to the user's device automatically.
Small and medium enterprises are rapidly adopting Cloud APIs to find better ways to innovate their business and gain a competitive advantage
The growing trend amongst consumers and businesses of integrating web and mobile applications into their daily routine is encouraging small and medium enterprises across industries to adopt new technologies. This helps SMEs to innovate and transform their businesses faster than competitors, thereby strengthening their footprint in the market. SMEs are basically adopting Cloud API technology as it provides new ways to engage and serve customers, streamline operations, and modernize IT infrastructure.