According to a new market report published by Transparency Market Research “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.

The increase in adoption of smartphones, 4G LTE network and mobile internet is boosting the use of mobile applications among end-users. This, in turn, is driving the demand for telecom API among application developers. Further, telecom API can enable telecom carriers to generate additional revenue and compete against Over-The-Top (OTT) developers. Telecom API helps telecom carriers to increase the adoption rate of their services including voice, SMS, and MMS.

Browse the full Telecom API report at
http://www.transparencymarketresearch.com/telecom-api-market.html

North America was the largest market for telecom API in the year 2014, accounting for a market share of around 35%. North America is a mature market in terms of adoption of telecom API services due to high smartphone penetration, 4G LTE adoption and large pool of developer base. Asia Pacific is expected to be the fastest growing market for telecom API with an estimated CAGR of 25.4% during the forecast period (2015 – 2022). Due to rapid adoption of 4G LTE, M2M devices and large unique subscriber base, the telecom API market in Asia Pacific is expected to increase at a faster rate during the coming years.

The report also states that the Asia Pacific region is expected to be the fastest growing region in the global telecom API market in the given forecast period. The Asia Pacific telecom API market is expected to show a 25.4% CAGR from 2015 to 2022. This high growth rate is owed to the rapid adoption of 4G technology. Other drivers of the Asia Pacific telecom API market include the growing number of unique subscribers and the increasing use of M2M devices.

In terms of end users, the global telecom API market was dominated by the enterprise developer segment in 2014, when it held almost 34.0% of the market. The key reason for this, as stated in the report, is the high revenue generation offered by enterprise developers to the global telecom API market while integrating the necessary services from telecom API into the day-to-day functioning of telcos.

Key segments of the Global Telecom API Market

By Service Type
Payment
SMS, MMS and RCS
Maps and Location
Voice/Speech
Identity Management
WebRTC
Others (Device Information and Do Not Disturb)

By User Type
Enterprise Developer
Internal Telecom Developer
Partner Developer
Long Tail Developer

By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Get Sample Report Copy at -
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5027

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.