With 4G LTE network penetration on pace to reaching optimal penetration levels and the usage of smartphones hitting a new high every year, the growth of the telecom application programming interface (API) market is going to be exponential, says Transparency Market Research.

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In its report “Telecom API Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”, the U.S. based market intelligence firm says that the market will be worth US$323.44 billion by 2022. The use of mobile applications is rising not just in the traditional markets of the west, but also in the rapidly-developing eastern markets.

The report segments the global telecom API market by service type into: Payment; maps and location; SMS, MMS, and RCS; identity management; WebRTC; voice/speech. Of these, the voice API segment held a 28% share in 2014. This segment will likely lose ground to WebRTC API services in the coming years.

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Based on users, the report segments the telecom API market into: Enterprise developer, partner developer, internal telecom developer, and long tail developer. The largest among these was the enterprise developer end-user segment, with a 34% market share in 2014.

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Likewise, the report also features a geographical analysis, for which the market is segmented into: North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Of these, North America constituted the largest regional market for telecom API. In 2014, the region accounted for a 35% share of the market, but the market is mature, which affects its attractiveness to some degree. On the other hand, the Asia Pacific market is expected to blaze ahead with an estimated CAGR of 17.7% through the forecast period.

Article: http://www.transparencymarketresearch.com/article/telecom-api-market.htm

About TMR

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.