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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; 2023-2028
Global Cloud API Market Outlook
The global cloud API market size reached approximately USD 1073.6 million in 2022. The market is projected to grow at a CAGR of 15.30% between 2023 and 2028, reaching a value of nearly USD 2548.68 million by 2028.
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Enterprise Size |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 (2018-2022)
8.3 Global Cloud API Market Forecast (2023-2028)
8.4 Global Cloud API Market by Type
8.4.1 SaaS APIs
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 PaaS APIs
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 IaaS APIs
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Cross-platform APIs
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Cloud API Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Small and Medium Enterprises
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Cloud API Market by Industry Vertical
8.6.1 Healthcare
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 BFSI
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 IT and Telecommunication
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Manufacturing
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Education
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Media and Entertainment
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Cloud API Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Cloud API Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Cloud API Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cloud API Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cloud API Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cloud API Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Cloud API Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Cloud API Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Cloud API Historical Market: Breakup by Enterprise Size (USD Million), 2018-2022
5. Global Cloud API Market Forecast: Breakup by Enterprise Size (USD Million), 2023-2028
6. Global Cloud API Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
7. Global Cloud API Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
8. Global Cloud API Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Cloud API Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Cloud API Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Cloud API Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Cloud API Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Cloud API Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Cloud API Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Cloud API Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Cloud API Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Cloud API Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Cloud API Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Cloud API Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Cloud API Market Structure
Key Questions Answered in the Report
In 2022, the market reached a value of around USD 1073.6 million.
The market is assessed to grow at a CAGR of 15.30% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach around USD 2548.68 million by 2028.
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.
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.
The major regional market includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of APIs include SaaS APIs, PaaS APIs, IaaS APIs, and cross-platform APIs.
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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