Telecom API Market Research Report, By Type (Presence Detection, Location Determination Data, and Others), Service (SMS, Payment API, Location API, and Others), and End-User (Enterprise, Internal Telecom Developer, and Others)—Global Forecast till 2023

The Global Market of API Managements growing rapidly mainly due to the increasing adoption of IoT in Telecom. According to a recent study report published by the Market Research Future, The global market of Telecom API is booming and expected to gain prominence over the forecast period. The global Telecom API Market is anticipated to accrete to USD ~258 Billion by 2022, at a striking double digit CAGR of ~ 18 % between 2016 and 2022.

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The increasing need for monetization of telecom carrier services and significance of improving mobile app developer experience is together contribute in fostering the market growth. Interactive Voice Response (IVR)/voice store and voice control API has grown significantly owing to the increasing adoption of M2M devices among end-users. The partner developer enables solution developers to access their different APIs and use these APIs to develop applications and extension of these applications to build and develop solutions that are more sophisticated for clients. Moreover, increasing investments transpired in R&D Activities and innovation is providing impetus to the market growth of Telecom API. Augmented penetration of smartphones and the emergence of different mobile applications the telecom API market is growing significantly. The sudden infiltration of cloud-based technologies and accumulative use of mobile data are also some of factors that foster the growth of telecom API market.

The rapid penetration of cloud-based technologies and increasing use of mobile data are the two major key drivers for the Telecom API Market. Benefits of Telecom API include, they provide extra functionality to the existing system, and they enhance the performance of existing solutions and others. Apart from it lesser time to market and costs savings are major advantages of telecom API which are responsible for the growth of market.

Telecom API Global Market Segments:

Telecom API Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Services: Comprises SMS, MMS, and RCS API, Payment API, Location API, Identity Management, WebRTC

Segmentation By Type: Comprises Presence Detection Data, Location Determination Data, SCM, SDM and other

Segmentation By Identity Management: Comprises WebRTC and other

Segmentation By User: Comprises Enterprise, Internal Telecom, Partner, Long Tail Developer.

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Telecom API Global Market Regional Analysis:

The regional analysis of Telecom API market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rising popularity of smartphones, tablets and others has driven the market of Telecom API in North America. North America dominates the telecom API market followed by Asia-Pacific region. The increasing trend of smartphones is majorly observed in Asia-Pacific region and the countries like China, Japan, Korea and India are advancing in their technologies rapidly. The Telecom API market is expected to grow steadily in Europe and Latin America regions over the forecast period.

Key Players:

Telefonica (Spain), AT&T, Inc. (U.S.), Vodafone Group PLC (U.K.), Alcatel-Lucent (France), Apigee Corporation (U.S.), Orange S.A. (France), Verizon Communications, Inc. (U.S.), Nexmo, Inc. (U.S.), Fortumo (Estonia), LocationSmart (U.S.), and Aspect Software (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Telecom API Market.

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Also Read: https://www.marketwatch.com/press-release/telecom-api-market-size-usd-36825-bn-by-2023-growing-at-1733-cagr-penetration-of-cloud-based-technology-to-stimulate-the-global-telecom-api-market-2018-10-25