DUBLIN--(BUSINESS WIRE)--The "Cloud API - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 9th edition of this report. The 151-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Cloud API Market to Reach US$1.7 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Cloud API estimated at US$496.8 Million in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 18.8% over the period 2020-2027.
Large Enterprises, one of the segments analyzed in the report, is projected to grow at a 16.5% CAGR to reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 23.6% CAGR for the next 7-year period. This segment currently accounts for a 28.8% share of the global Cloud API market.
The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 18.2% CAGR for the Period of 2020-2027
The Cloud API market in the U.S. is estimated at US$147.1 Million in the year 2020. The country currently accounts for a 29.61% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$288.4 Million in the year 2027 trailing a CAGR of 18.2% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR while Rest of European market (as defined in the study) will reach US$288.4 Million by the year 2027.
Competitors identified in this market include, among others:
- Amazon Web Services, Inc.
- CA Technologies, Inc.
- Citrix Systems, Inc.
- Google, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Rackspace US, Inc.
- Red Hat, Inc.
- Rogue Wave Software, Inc.
- TIBCO Software, Inc.
- Vmware, Inc.
Total Companies Profiled: 47
For more information about this report visit https://www.researchandmarkets.com/r/42zyy5