According to a market report by Lucintel, the future of the global cloud API market looks promising with opportunities in the BFSI, IT and telecommunication, manufacturing, education, healthcare, and media & entertainment markets. The global cloud API market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 17.6% from 2024 to 2030. The major drivers for this market are expanding use of cloud computing in various industries, rising preference for microservice-based architecture, and increasing demand for devops automation in operational processes.

In this market, PaaS API, SaaS API, IaaS API, and cross-platform API are the major segments of cloud API market by type.
Lucintel forecasts that SaaS API is expected to witness highest growth over the forecast period due to its rising applications in various business operations, such as CRM, ERP, and marketing automation tools to simplify their procedures.
Within this market, healthcare is expected to witness highest growth over the forecast perioddue to significant demand for cloud API to enable interoperability between various healthcare systems.

North America is expected to witness highest growth over the forecast period due to rAPId digitization, rising preference for remote work culture, and presence of major cloud service providers in the region.

Amazon Web Services, Broadcom, Citrix Systems, Dell Technologies, Google, IBM, Microsoft, Oracle, Rackspace Technology, Salesforce, SAP, and Tibco Software are the major suppliers in the cloud API market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cloud API market by type, enterprise size, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cloud API Market 2024-2030: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cloud API market by type, enterprise size, end use industry, and region as follows:

Cloud API Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• PaaS APIs
• SaaS APIs
• IaaS APIs
• Cross-Platform APIs
Cloud API Market by Enterprise Size [Shipment Analysis by Value from 2018 to 2030]:
• Large Enterprises
• Small & Medium Enterprises
Cloud API Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• IT and Telecommunication
• Manufacturing
• Education
• Healthcare
• Media & Entertainment
• Others
Cloud API Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]