Telecom API market is projected to grow at a CAGR of 4.50% during the forecast period, reaching a total market size of US$164.459 billion in 2024 from US$126.265 billion in 2018. API enables broad-based communication for application developers by extending an enterprise and opening new markets for it. API extends an enterprise and opens new markets, application developers can easily leverage, publicize and aggregate a company’s assets for broad-based communication. Growing adoption of M2M devices among end-users and enhanced telecom API user experience is driving the market of telecom API. Rising demand for advanced telecom services along with monetization of telecom operator services is propelling the growth of the market. Technological advancements and rising penetration of cloud-based services across the telecom sector is further boosting the market growth.
Geographically, the Asia Pacific region is expected to have a significant market share owing to the shift of the telecommunications sector towards cloud-based infrastructure in the region. Government regulations for the telecommunications industry may hamper the market growth. However, increasing adoption of IoT and increasing startups in the domain is expected to open growth opportunities for the market.
The “Telecom API Market– Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by deployment, type, type of user, and geography.
The telecom API market has been segmented based on deployment, type, type of user, and geography. By deployment, the market has been segmented into on-premise and cloud. By type, the market has been segmented as SMS, MMS & RCS API, WebRTC API, Payment API, ID/SSO & Subscriber API, IVR/voice Store & Voice Control API, M2M & IoT API, Content Delivery API, Location API, and others. By type of user, the telecom API market has been segmented as internal developer, long tail developer, partner developer, and enterprise developer.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the telecom API market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the telecom API market.