Market Summary
Market Research Future (MRFR) projects the global telecom API market 2020 to advance to a size
of USD 368.25 billion by 2023. The market study also reveals that the market progression can be at
a rate of 17.33% from 2018 to 2023 (which is the evaluation period).
Growth Inducers and Key Deterrents
Increasing deployment of M2M devices and the rising focus on elevating Telecom API user
experience are touted to be some of the top growth inducers in the market. In developing regions,
mobile operators are considered to be essential aspect when it comes to the digital economy.
Telecom operator APIs have emerged as a robust channel for boosting the creativity and
stimulating the startup ecosystem as well. The vast range of APIs provided by operators leads to a
significant sequence of innovation, since startups have the scope to integrate numerous APIs to
develop new and advanced services.
With the increasing use of smartphones and the subsequent surge in the demand for internet
services, the requirement for revenue generating alternatives among telecom operators has also
risen. Providing services like messaging and identity management API can be a notable trend in the
global market during the given timeline. Another trend gathering momentum in the telecom API
market is the emerging application of WebRTC. Observing its mounting popularity, more and more
telecom API vendors are focusing on offering WebRTC API to the interested telecom operators.
Some of the main boosters in the Telecom API industry are the rising adoption of next-generation
technologies combined with the surging use of mobile internet for every day operations. The
escalating competition between the leading companies, in line with the frequent technological
developments in the face of high popularity of IoT and 5G can also work in favor of the worldwide
market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2349
Market Segmentation
The telecom API market has been considered for type, service, and end-user.
The primary types of telecom API are location determination data, presence detection data,
subscriber data management (SDM) and service configuration management (SCM).
The services that are available in the global market include webRTC, MMS, payment API, RCS API,
identity management, location API, and others.
The prominent end-users outlined in the report are internal telecom developer, enterprise
developer, long tail developer and partner developer.
Regional Outlook
The geographical study of the telecom API market has taken into account Europe, North America,
Asia Pacific (APAC), and the rest of the world or RoW.
High deployment of cloud-based technologies in Canada, Mexico and the US, has made North
America the highest revenue generating market for telecom API. The exceptional financial status of
consumers and the high technical expertise that induces the growth of technologies such as 5G
benefit the telecom API market in North America. The rising frequency of technological innovations
is boosting the market position of the stakeholders in the region. Additionally, more and more
telecommunication API builders are continuously forming Vehicle-to-Cloud (V2C) connectivity and
Speech Recognition Expert Groups to come up with standardized sets of APIs. This is yet another
factor that can be instrumental in the market growth during the analysis period.
APAC can witness substantial growth in the global market, following the increasing technological
advancements in India, Japan and China. These countries also note a high demand for smartphones,
which again favors the market growth for telecom API. The heightened demand deployment of
M2M devices can also add to the market strength in the following years.
Access Report Details @ https://www.marketresearchfuture.com/reports/telecom-api-market-2349
Renowned Companies
Renowned companies competing in the market for telecom API are LocationSmart (US), Nokia
Corporation (Finland), Vodafone Group PLC (UK), Fortumo (Estonia), Orange S.A. (France), Verizon
Communications Inc. (US), Google (US), Telefónica S.A. (Spain), AT&T Inc. (US), Vonage (US), and
others.
Aspect Software Inc. (US) and Cisco Systems (US) are some of the other vendors in telecom API
industry.
About Market Research Future:
Market Research Future® (Part of WantStats Research And Media Pvt. Ltd.) has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. Our Research Analysts are eager to share their knowledge and assist you in refining market research parameters, choosing right market studies, and evaluating both the market scope and the research methodologies of varied segments.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com