‘Low production costs in countries like India and China will drive the API industry’, says RNCOS.
Noida, UP -- (SBWIRE) -- 01/19/2015 -- Asia Pacific is fast becoming a dominant region in the global API business, both in terms of supply and demand. Countries such as India and China have become global hubs for API outsourcing, primarily due to their low cost of production and strong domestic demand. Procuring APIs from the two countries assures nearly half to one-third cost savings, compared with sourcing from the US. Production cost heads like labor, utility, capital, and quality assurance are key drivers for cost advantage.
According to our report, "Global API Market Outlook 2018", in the wake of the above developments the Global API industry is expected to grow at a CAGR of around 9% from 2013-2018. The market has been divided into four major geographies which comprise of Americas, Asia, Europe and the rest of the world. For every region a current and future outlook of the API industry has been provided. We have also deduced a list of top countries which will be responsible for majority of API related activities. These countries include the likes of US, Italy Japan, China, India and South Korea. For every such country a current and future outlook of the API industry has been presented along with the regulatory scenario pertaining to API manufacturing and trade. A future opportunity assessment of every region has also been done to help highlight the areas with promising possibilities.
Apart from the major markets and trends, we have covered the key players of the Merchant API Market. For every player, a brief business overview, geographic revenue break up and segment wise revenue break up along with key financials has been provided. A strength and weakness analysis of every player has also been presented to assist the investors in developing an understanding of the strategies of the players. Overall, the research contains exhaustive information that will help clients in formulating market strategies and assessing opportunity areas in the global API market.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.