Telecom API Market Key Competitors Analysis with Recent Trends, Size, Industry Share and Regional Forecast to 2027

 Market Summary

Market Research Future (MRFR) projects the global Telecom API Market 2020 to advance to a size of USD 368.25 billion by 2027. The market study also reveals that the market progression can be at a rate of 17.33% from 2021 to 2027 (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.

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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.

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.

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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.

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

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Comments

  1. Unknown6 January 2022 at 05:07

    Global Telecom API Market Report 2020 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Telecom API industry. The key insights of the report:

    1.The report provides key statistics on the market status of the Telecom API manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
    2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
    3.The report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
    4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
    5.The report estimates 2020-2025 market development trends of Telecom API industry.
    6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
    7.The report makes some important proposals for a new project of Telecom API Industry before evaluating its feasibility.

    ReplyDelete

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