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Global Cloud API Market Size, Share, Growth, Forecast: By Type: SaaS APIs, PaaS APIs, IaaS APIs, Cross-platform APIs; By Enterprise Size: Large Enterprises, Small and Medium Enterprises; By Industry Vertical: Healthcare, BFSI, IT and Telecommunication, Manufacturing, Education, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Cloud API Market Outlook

The global cloud API market size reached approximately USD 1,237.86 million in 2023. The market is projected to grow at a CAGR of 15.40% between 2024 and 2032, reaching a value of nearly USD 4,504.35 million by 2032.

Key Trends in the Market

A cloud application programming interface (API) is a software interface that enables developers to connect software applications and cloud-based services. Cloud APIs provide a standardised way to automate workflow and transfer data in the cloud.

The rapid adoption of cloud computing across various sectors is a major driver for the cloud API market. As organisations migrate their infrastructure and services to the cloud, the need for APIs to facilitate seamless integration, data exchange, and interoperability between different cloud-based systems and applications becomes crucial.

The rapid development in the field of artificial intelligence and machine learning is another factor augmenting the cloud API market expansion. Such development is driving the utilisation of AI/ML APIs to allow developers to incorporate advanced functionalities into their applications without building these capabilities from scratch.

The increasing adoption of cloud APIs in the banking and financial sector is one of the major trends fuelling the growth of the market. APIs enable secure and controlled access to financial data and services, allowing banks and financial institutions to collaborate with third-party developers and create innovative financial products and services.

Market Analysis

Based on type, the market is segmented into SaaS APIs, PaaS APIs, IaaS APIs, and cross-platform APIs. On the basis of enterprise size, the market can be bifurcated into large enterprises and small and medium enterprises.

The market, based on industry vertical, is segmented into healthcare, BFSI, IT and telecommunication, manufacturing, education, and media and entertainment, among others. The major regional markets for cloud APIs are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global cloud API market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

Amazon Web Services, Inc

Broadcom, Inc

Citrix Systems, Inc

Google LLC

International Business Machines Corporation

Microsoft Corporation

Oracle Corporation

Rackspace Technology Inc

Salesforce, Inc

SAP SE

Cloud Software Group, Inc (TIBCO Software Inc)

Others

Market Share by Type

SaaS cloud API is likely to hold a prominent position in the market owing to its increasing utilisation for the development of different software applications, such as mobile apps. This type of API is preferred by developers due to numerous advantages such as scalability, integration capabilities, customisation, ecosystem development, and developer-friendly features. Such benefits also enhance the adoption of SaaS cloud APIs in various organisations.

Market Share by Enterprise Size

Large enterprise is anticipated to account for a major portion of the cloud API market share. The growth of the segment can be attributed to the increasing demand for cloud services from large corporations. These organisations can benefit from cloud services as they can outsource routine tasks and streamline operations.

Competitive Landscape

Broadcom, Inc is a global technology corporation that specialises in the creation, advancement, and provision of an extensive array of semiconductor and infrastructure software solutions. Since its inception in 1961, the company has been based in California, the United States. Broadcom's operations encompass various sectors, such as wired infrastructure, wireless communications, enterprise storage, industrial sectors, and more.

Citrix Systems, Inc is a leading software development company based in Florida, the United States. The company, since its founding in 1989, has developed expertise in app and desktop virtualisation, cloud services, networking, and DaaS, among others. As for cloud services, Citrix offers a comprehensive suite of solutions designed to simplify and streamline the management and delivery of applications and data in cloud environments.

International Business Machines Corporation., popularly known as IBM, is a pioneer in the field of technology. The company was founded in the year 1911 and has since developed to become one of the global leaders in various sectors of advanced technologies. The company is renowned for its expertise in various fields including computer systems, storage solutions, artificial intelligence, data analytics, and cloud computing, among others.

Other market players include Amazon Web Services, Inc, Google LLC, Microsoft Corporation, Oracle Corporation, Rackspace Technology Inc, Salesforce, Inc, SAP SE, and Cloud Software Group, Inc (TIBCO Software Inc), among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type Enterprise Size Industry Vertical Region
Breakup by Type	SaaS APIs PaaS APIs IaaS APIs Cross-platform APIs
Breakup by Enterprise Size	Large Enterprises Small and Medium Enterprises
Breakup by Industry Vertical	Healthcare BFSI IT and Telecommunication Manufacturing Education Media and Entertainment Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Amazon Web Services, Inc Broadcom, Inc Citrix Systems, Inc Google LLC International Business Machines Corporation Microsoft Corporation Oracle Corporation Rackspace Technology Inc Salesforce, Inc SAP SE Cloud Software Group, Inc (TIBCO Software Inc) Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Cloud API Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Cloud API Historical Market (2018-2023)
   8.3   Global Cloud API Market Forecast (2024-2032)
   8.4   Global Cloud API Market by Type
       8.4.1   SaaS APIs
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   PaaS APIs
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   IaaS APIs
           8.4.3.1   Historical Trend (2018-2023)
           8.4.3.2   Forecast Trend (2024-2032)
       8.4.4   Cross-platform APIs
           8.4.4.1   Historical Trend (2018-2023)
           8.4.4.2   Forecast Trend (2024-2032)
   8.5   Global Cloud API Market by Enterprise Size
       8.5.1   Large Enterprises
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Small and Medium Enterprises
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
   8.6   Global Cloud API Market by Industry Vertical
       8.6.1   Healthcare
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   BFSI
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   IT and Telecommunication
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Manufacturing
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
       8.6.5   Education
           8.6.5.1   Historical Trend (2018-2023)
           8.6.5.2   Forecast Trend (2024-2032)
       8.6.6   Media and Entertainment
           8.6.6.1   Historical Trend (2018-2023)
           8.6.6.2   Forecast Trend (2024-2032)
       8.6.7   Others
   8.7   Global Cloud API Market by Region
       8.7.1   North America
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1   Historical Trend (2018-2023)
           8.7.4.2   Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1   Historical Trend (2018-2023)
           8.7.5.2   Forecast Trend (2024-2032)
9   North America Cloud API Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Cloud API Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Cloud API Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Cloud API Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Cloud API Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Amazon Web Services, Inc
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Broadcom, Inc
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Citrix Systems, Inc
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Google LLC
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   International Business Machines Corporation
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Microsoft Corporation
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Oracle Corporation
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Rackspace Technology Inc
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Salesforce, Inc
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   SAP SE
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   Cloud Software Group, Inc (TIBCO Software Inc)
           15.2.11.1   Company Overview
           15.2.11.2   Product Portfolio
           15.2.11.3   Demographic Reach and Achievements
           15.2.11.4   Certifications
       15.2.12   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Cloud API Market: Key Industry Highlights, 2018 and 2032
2.   Global Cloud API Historical Market: Breakup by Type (USD Million), 2018-2023
3.   Global Cloud API Market Forecast: Breakup by Type (USD Million), 2024-2032
4.   Global Cloud API Historical Market: Breakup by Enterprise Size (USD Million), 2018-2023
5.   Global Cloud API Market Forecast: Breakup by Enterprise Size (USD Million), 2024-2032
6.   Global Cloud API Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
7.   Global Cloud API Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
8.   Global Cloud API Historical Market: Breakup by Region (USD Million), 2018-2023
9.   Global Cloud API Market Forecast: Breakup by Region (USD Million), 2024-2032
10.   North America Cloud API Historical Market: Breakup by Country (USD Million), 2018-2023
11.   North America Cloud API Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Europe Cloud API Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Europe Cloud API Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Asia Pacific Cloud API Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Asia Pacific Cloud API Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Latin America Cloud API Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Latin America Cloud API Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Middle East and Africa Cloud API Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Middle East and Africa Cloud API Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Global Cloud API Market Structure

Key Questions Answered in the Report

What was the global cloud API market size in 2023?

In 2023, the market reached a value of around USD 1,237.86 million.

What is the growth rate of the global cloud API market?

The market is assessed to grow at a CAGR of 15.40% between 2024 and 2032.

What is the forecast outlook of the global cloud API market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 4,504.35 million by 2032.

What are the major market drivers?

The market is being driven by the increasing adoption of cloud APIs in different sectors to streamline operations and the rising utilisation of cloud APIs to integrate AI/ML APIs with software applications.

What are the major trends in the market?

The key trends supporting the market growth are the growing implementation of cloud APIs in the banking and finance sector and the increasing adoption of cloud APIs in large enterprises.

What are the major regional markets for cloud APIs, according to the EMR report?

The major regional market includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major types of cloud APIs in the market?

The different types of APIs include SaaS APIs, PaaS APIs, IaaS APIs, and cross-platform APIs.

Who are the key market players, according to the report?

The key players in the global cloud API market include Amazon Web Services, Inc, Broadcom, Inc, Citrix Systems, Inc, Google LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Technology Inc, Salesforce, Inc, SAP SE, and Cloud Software Group, Inc (TIBCO Software Inc), among others.

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