DUBLIN, March 25, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vswd7z/global) has announced the addition of the "Global Application Program Interface as a Service Market 2016-2020" report to their offering.
The report forecasts the global API as a service market to grow at a CAGR of 30.1% during the period 2016-2020.
API as a service allows businesses to attain digital transformation and drive revenue channels. A large number of businesses adopt API management services, which exposes their internal services to internal developer communities to drive application development consistency, promote the standard use of enterprise-approved services, and reduce IT costs across organizations.
API integration helps companies to build a single hybrid cloud environment as many companies struggle to keep track of disparate systems. API as a service helps employees to access systems and define how other systems communicate with each other. These days, organizations of all sizes are building thousands of APIs to render services based on modern technology platforms rather than using legacy applications. Vendors such as Oracle offer integration services delivered to customers and solution providers via the cloud and managed by Oracle.
According to the report, API as a service provides better control over the product development processes for enterprises. Cloud APIs harness the power of analytics to allow organizations deliver exceptional user experience. Cognitive computing and speech recognition are the most sought applications of API as a service.
Further, the report states that lack in standard security measures in using IoT hinders the market growth.
- CA Technologies Inc.
- IBM Corp.
- MuleSoft Inc.
- TIBCO Software Inc.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Geographical segmentation
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/vswd7z/global
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets