Global Application Program Interface as a Service Market 2016-2020
- Published: Mar 2016
- Pages: 57
- SKU: IRTNTR8940
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This market research study presents a detailed analysis of the key geographical segments in this market and includes key regions like the Americas, APAC, and EMEA. It also presents a comprehensive overview of the growth promoting trends and drivers in the global application program interface (API) as a service market. The leading vendors in this market are CA Technologies, IBM, MuleSoft, and TIBCO Software.
Outlook of the global application program interface (API) as a service market
Application program interface (API) as a service allows businesses to attain digital transformation and also drive revenue channels. In businesses, API as a service promotes the standard use of enterprise-approved services and helps to reduce IT costs across organizations. The ability of API as a service to deliver available company data and services in the form of software response queries, predict the next plan of action, and build applications faster will result in its augmented adoption during the forecast period. Technavio’s market research analyst has estimated the global API as a service market to grow significantly at a CAGR of over 30% until the end of 2020.
The recent rise in cloud-based API integration will be the primary growth driver for this market. Most organizations prefer cloud-based API services as they help enterprises to explore additional channels and allow easy integration with legacy applications. API integration helps companies to build a single hybrid cloud environment, which will aid organizations to keep track of disparate systems. The capability of this service to aid employees in accessing systems and to define how other systems communicate with each other will result in its increased adoption until the end of the forecast period.
Competitive landscape and key vendors
The global API as a service market will experience intense competition among leading as well as niche players. The API as a service market is an attractive market where cloud players acquire niche players to strengthen their web API application services.
Leading vendors analyzed in this market research are -
- CA Technologies
- TIBCO Software
Other prominent vendors in this market are 3Scale, Akana, Apigee, Axway, Citrix Systems, Forum Systems, Intel, Mashery, Microsoft, Rackspace, SAP, VMware, and WSO2.
Geographical segmentation of the API as a service market
Technavio analysts in this market research report have estimated the Americas to account for nearly 64% of the total market share by 2020. Factors like the expansion of IoT services and the increase in partnership between network operators, device makers, and platform providers to address customer demands will foster the prospects for market growth in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global API as a service market?
- What are the key market trends impacting the growth of the global API as a service market?
- What are the challenges to market growth?
- Who are the key vendors in the global API as a service market?
- What are the market opportunities and threats faced by the vendors in the API as a service market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global API as a service market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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