Key Developments

In January 2023, Google Cloud, a leading provider of cloud computing services, announced the widespread availability of Apigee Edge, its advanced API management platform. Apigee Edge introduces a range of enhanced features, including support for microservices, real-time analytics, and seamless integration with machine learning capabilities. This release reinforces Google Cloud's position as a top-tier provider of comprehensive API management solutions, empowering enterprises to efficiently design, secure, and scale their API-driven digital initiatives. By continually innovating and expanding the capabilities of Apigee Edge, Google Cloud empowers its customers to fully harness the potential of their APIs and accelerate digital transformation throughout their organizations.
In February 2023, IBM, the global technology and consulting leader, announced the acquisition of TIBCO Mashery, a prominent API management platform. This strategic acquisition aims to enhance and broaden IBM's extensive API management portfolio, offering clients a holistic solution to effectively design, secure, and scale their API-driven digital initiatives.
In December 2022, Agora, a leading global provider of real-time engagement APIs, announced that it has reached an agreement to divest its customer engagement cloud business, Easemob, to TI Cloud. Under the terms of the deal, the approximate value of the transaction is US$14.6 million.
In April 2020, Google, the multinational technology company known for its innovative cloud computing services, announced the general availability of the Google Cloud Healthcare API. This service is designed to facilitate the seamless exchange of data between healthcare applications and solutions built on the Google Cloud platform.

Cloud API Market Report Snapshots