Telecom API market size is estimated at USD 1,113

TOKYO, Aug. 22, 2022 (GLOBE NEWSWIRE) — TOKYO, August 232022 (GLOBE NEWSWIRE) – The Global Telecom API Market The size was valued at USD 221 billion in 2021 and is expected to be worth USD 1,113 billion by 2030, growing at a CAGR of 20.2% from 2022 to 2030.

With the development of newer and even more efficient telecommunications equipment, the telecommunications industry has grown rapidly over the years. The telecommunications industry has played a vital role in advancing human society and continues to be the primary driver of global digital transformation. Increased competition among telecom service providers to provide better and improved services to customers at cheap prices to achieve competitiveness is expected to propel the telecom API market size. Additionally, some other major factors that are expected to contribute to the growth of the Telecom API market include growing desire for online entertainment and enhanced mobile applications, rapid expansion of Internet of Things, consumer migration to 4G or LTE networks, efforts to optimize APIs for improved user experience. , and the growing need for telecommunications companies to market their integrated features.

An application programming interface (API) is a computational and storage interface that specifies how a variety of software intermediaries interact with each other. The Telecommunications API allows programmers to develop applications that interoperate with many devices on the same network. A telecommunications provider often used APIs for SMS, MMS, voice, location and payment, allowing the programmer to integrate the necessary API into their application. The programmer may be charged by the telecom provider depending on the number of APIs used in the application. The Telecom API improves the versatility and scalability of an application by managing the growing number of users in a cloud infrastructure.

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Report cover:

Market Telecom API Market
Telecom API Market Size 2021 $221 billion
Telecom API Market Forecast 2030 $1.113 billion
CAGR of the telecommunications API market between 2022 and 2030 20.2%
Telecom API Market Analysis Period 2018 – 2030
Telecom API Market Base Year 2021
Telecom API Market Forecast Data 2022 – 2030
Segments Covered By type, by end user and by region
Regional Scope of Telecom API Market North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Profiled Key Companies Vodafone Group PLC, Alcatel-Lucent, Orange SA, Xura, Inc., Fortumo, Tropo, Inc., AT&T, Inc., Apigee Corporation, Verizon Communications, Inc., Nexmo, Inc., Location Smart and Aspect Software
Report cover Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis

Global Telecom API Market Dynamics

During the projected period, the growing use of internet connectivity and cloud-based technologies is expected to affect the expansion in the size of the telecommunications application programming interface (API) market. Additionally, improvements in the Telecom API consumer experience along with an increase in the number of mobile network providers are expected to fuel the expansion of the Telecom API market value. Additionally, the adoption rate of IoT and the proliferation of start-ups in emerging economies are expected to drive the growth of the telecom API market. Additionally, rapid technological innovation approaches and increasing prevalence of sophisticated cloud-based solutions are expected to produce strong demand for Telecom APIs and propel Telecom API market trends.

Likewise, the widespread deployment of Machine to Machine (M2M) technologies, the increased use of mobile broadband and the growing preference for smartphone platforms are likely to open up a host of new prospects for the market shares of telecommunications application programming interface (API) throughout the projected period. . Additionally, advertising deficit in transmission product offerings, along with stringent government policies and regulations are expected to act as major restraints for the growth of the Telecom API market in the anticipated time frame. Likewise, a lack of technical knowledge and experience and awareness can make it difficult to expand the telecommunications application programming interface (API) market in the predicted timeframe.

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Market segmentation

The global telecommunications API market is divided into type and end-use, according to Acumen Research and Consulting. In terms of type, the segment has been categorized into SMS, MMS & RCS API, M2M & IoT API, Payment API, Subscriber ID/SSO & API, Location API, IVR/Voice Store & Voice Control API, Content Delivery API, WebRTC API and others. In terms of end use, the industry is categorized into enterprise developers, partner developers, in-house telecommunications developers, and long-tail developers.

Regional Outlook of the Telecom API Market

The Telecom API market is divided into five geographical regions: Europe, North America, Asia-Pacific, Latin America, and Middle East & Africa. According to an industry analysis of telecommunications application programming interface (API), North America is expected to dominate the global market in 2021. This expansion is attributed to the strong presence of large companies and the widespread adoption of emerging technologies such as 5G, cloud services, and IoT technologies. In addition, the considerable presence of several major telecom API market players in the region, such as Google LLC, AT&T, Inc., Broadcom, Inc., and Oracle Corporation, can contribute to the expansion of the telecom API market in North America. Additionally, early adoption of emerging technologies such as 4G and advancements in AI and ML algorithms are important factors driving the rapid development of the market in this region.

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Telecom API Market Players

Currently, the Telecom API market trend is moderately competitive with few prominent participants. However, as telecom software services advance, new competitors are strengthening their market position and thereby expanding their business footprint in emerging markets. For example, in 2018, Nexmo, Inc., a subsidiary of Vonage Hldgs, developed an innovative messaging solution platform, mainly based on two new APIs, Dispatch API and Messages API.

Some of the major companies in the Telecom API market are Vodafone Group PLC, Alcatel-Lucent, Orange SA, Xura, Inc., Fortumo, Tropo, Inc., AT&T, Inc., Apigee Corporation, Verizon Communications, Inc., Nexmo, Inc., Location Smart and Aspect Software.

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About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of information and consulting services in the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals, and business executives make fact-based decisions about technology purchases and develop business growth strategies to compete in the marketplace . With a team of over 100 analysts and a collective industry experience of over 200 years, Acumen Research and Consulting ensures to provide a combination of industry knowledge with global and national level expertise.

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