Telecom API Market anticipates 20% CAGR between 2019 and 2025
Posted On December 15, 2018
Value Market Research has recently added new market research study on the Global Telecom API Market. The study shows that the market will reach USD 344 BN by 2025 registering a CAGR of 20% from 2019- 2025. The estimated value of the market for the year 2018 was USD 96 BN. The report highlights all the recent market developments in the past and gives the future growth projections based on extensive analytical research. The growth of this market can be attributed to the rising adoption of advanced technologies and growing applications of mobile internet in the day to day operations. The drivers and restraints are extensively covered in the full report. Also, the cutting edge competition in various technological advancements in the booming era of 5G and IoT is again going to boost the global telecom API market at a robust pace in the years to come. Moreover, enhanced telecom API user experience, monetization of telecom operator services, rising demand for advanced telecom services over the internet, coupled with the rising adoption of M2M devices among end-users are some of the other major driving factors that drive the market growth.
Telecom API is an Application Programming Interface (API) services which are provided by telecom carriers, service providers and aggregators to application designers in order to ease the use of mobile applications. It enables the designers to coordinate different administrations, such as payment integration, assistance with voicing, SMS, and WebRTC into their mobile application.
The report "Global Telecom API Market Report By Type Of API (SMS, MMS And RCS API, IVR/ Voice Store And Voice Control API, Payment API, Web RTC API, ID/SSO And Subscriber API, Location API, M2M API And IoT API, Content Delivery API, And Others), By User (Enterprise Developer, Internal Developer, Partner Developer And Long Tail Developer) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” outline, classify and estimate the market on the basis of segments, thus assisting in understanding the global as well as regional market structure.
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The market has been segmented on the basis of type, users, and regions. Type covers SMS, MMS and RCS API, IVR/ voice store and voice control API, payment API, web RTC API, ID/SSO, and subscriber API, location API, M2M API, And IoT API, content delivery API, and others. The short message service (SMS), multimedia messaging Service (MMS), and rich communication services (RCS) APIs segment has the largest market share in the telecom API market owing to the rising need for monetization of telecom carrier services and importance of enhancing mobile app developer experience. Users section include enterprise developer, internal developer, partner developer, and long tail developer. Among which, enterprise developer is gaining momentum in the market owing to the rising adoption of IoT across various organization along with the high-income generation provided by enterprise developers.
Regionally, the study has been covered across North America, Europe, Asia-pacific, Latin America, and Middle East & Africa. Among this region, North America holds the highest share in the global telecom API market owing to the rise in the use of smartphones and mobile applications. Also, the growing innovation in technological advancements is benefiting all the stakeholders engaged in the telecom API industries in this region.
The Report Segments Global Telecom API Market -
By Type Of API
- SMS, MMS And RCS API
- IVR/ Voice Store And Voice Control API
- Payment API
- Web RTC API
- ID/SSO And Subscriber API
- Location API
- M2M API And IoT API
- Content Delivery API
- Enterprise Developer
- Internal Developer
- Partner Developer
- Long Tail Developer
- North America
- Latin America
- Middle East & Africa
Key Players Profiled In The Report:
Alcatel-Lucent S.A., Apigee Corporation, Aspect Software, AT&T, Inc., Fortumo, Locationsmart, Nexmo, Inc., Orange S.A., Telefonica S.A., Tropo, Inc., Twillo, Inc., Verizon Communications, Inc. and Vodafone Group PLC.
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