Cloud API Market Boosting the Growth Worldwide |Amazon, Google, Oracle
Market Overview:
Cloud
Application Programming Interface (API)
functions on the latest cloud technologies and helps develop interactive
applications for organizations and extend their services further. The
provisioning and deployment of these services are done on cloud platforms,
hardware, and software.
Most cloud-based APIs are
developed using Python, Elixir, JavaScript, Ruby, PHP, Objective-C, C#, GO.
Cloud technology is the major factor of the rising Cloud API as the developer
tools are well integrated with the cloud platform.
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A 92% of market workload
has shifted to cloud technology, giving the market to Cloud Application
Programming due to advantages like cost-effectiveness, easy access to remote
locations, flexibility, interactive interface, easy deployment, etc.
AWS, Oracle Cloud, Amazon
cloud, Google cloud network are a few platforms that have emerged as
superpowers to the growing Cloud Application Programming Interface market. As
per the latest market analysis, the Global Cloud API Market is
about to have more than 700 million US dollars by the forecast year of 2022.
The Global Cloud API Market is expected to register a CAGR of
more than 22% by 2022.
Market Segmentation:
·
By Service:
Cloud Application
Programming Interface (API) is segmented on service as Platform-as-a-Service
(PaaS) API, Software-as-a-Service (SaaS) API, and Infrastructure-as-a-Service
(IaaS) API. PaaS or Service Level provides functionality and access to the
cloud platform. SaaS or the Application level is the middle layer between the
application cloud and the infrastructure, which deals with continuous
communication. IaaS or Infrastructure level controls special functionalities or
cloud resources and is integrated into the customer’s machine.
·
By Vertical:
Cloud Application
Programming Interface (API) is segmented vertically as the large-scale and
small-scale end-users’ enterprises and industries it supports, i.e. IT and
telecommunication, media and entertainment, aviation, education, manufacturing,
BFSI, healthcare, banking, and others. The high-end and interactive software
used in today’s smartphones has boosted the demand for cloud API in all the
major industries.
Regional Analysis:
The Global Cloud
Application Programming Interface (API) is segmented and studied, majoring in 4
regions, i.e., North America, Europe, Asia-Pacific, and the rest of the world
(ROW). North America is the world’s dominant in the research and development of
the cloud API. About 80% of the industries in The US region have adopted the
new Cloud Application Programming Interface (API) microservices in the form of
PaaS, SaaS, and IaaS.
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European countries like
Germany, France, Italy, and many more are the second biggest market holders in
EMEA regions accounting for higher revenue in upcoming years. Hybrid platform
accumulation of integrating existing technology to the cloud is the biggest
attraction in the Global Cloud API Market in the
European region.
Asia-Pacific countries like
China, Japan, Australia, India, and others have small-scale and large-scale
enterprises that have adopted the cloud API opening the market to cloud
technology. Due to less investment and high profit, the boom in the industry
has attracted the world to cloud API and cloud computing.
Key Players
·
Amazon
·
Google
·
International Business Machines Corporation
·
Oracle
·
RedHat
·
SAP-HANA
·
CA Technologies Inc.
·
Microsoft Corporation
·
TIBCO Software Inc.
·
Citrix Systems
·
Rackspace Inc.
Industry News:
1.
The revenue of
Alibaba’s company using cloud computing interface reached up to 2.19 billion US
dollars in September 2020. This led China to emerge as a superpower in digital
business worldwide.
2.
Google Workspace,
Google Cloud Platform, also reached up to 3.44 billion US dollars last year
because of partnering with many other enterprises, deploying web services on
the cloud, and acquiring other cloud web services.
3.
AWS has progressed
in operations management and provides PaaS, SaaS, and IaaS services to
industries worldwide in AWS Chatbot, Amazon Chime, AWS RoboMaker, and Amazon
Simple Queue Service.
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