A new analysis by MarketsandMarketsTM projects the
size of the global telecom
API market Size will grow at a compound annual growth rate (CAGR) of 15.7%
from USD 320.9 billion in 2023 to USD 664.9 billion by 2028. Value-added
services are becoming more and more of a priority for telecom operators.
Telecom APIs have significantly expanded the industry by making it possible to
develop and integrate services like location-based services, messaging
services, and mobile payments.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257220042
Telecom API Market Dynamics:
Drivers:
- Increasing demand for mobile data and the rise of digital
communication.
- Proliferation of digital communication channels
Restraints:
- Compatibility issues with existing legacy systems are obstructing
the seamless integration of APIs.
- Legacy systems lack the flexibility, standards compliance
Opportunities:
- Development of marketplaces for buying and selling APIs is
fostering innovation.
- The concept enables a more collaborative and open environment.
List of Key Players in Telecom API
Market:
·
Twilio (US)
·
AT&T (US)
·
Vodafone Group (UK)
·
Google (US)
·
Telefonica (Spain)
·
Verizon (US)
·
Ericsson (Sweden)
·
Deutsche Telekom (Germany)
·
Orange SA (France)
·
Cisco (US)
·
Nokia (Finland)
Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=257220042
Based
on user, the enterprise developer
segment holds the largest market size during the forecast period
In the dynamic landscape of the telecom
API market, enterprise developers emerge as integral architects of innovation
and efficiency. Tasked with designing, constructing, and maintaining software
applications within the organizational realm, these professionals wield the
power of telecom APIs to seamlessly integrate telecommunication services into
their creations. Through their adept application development skills, enterprise
developers craft solutions that harness the capabilities of telecom APIs, whether
it be for unified communications, mobile applications, or IoT platforms.
Based
on user, the partner developer segment is expected to grow with the highest
CAGR during the forecast period
Partner developers have emerged as
pivotal collaborators for telecom service providers in the telecom API market.
These external entities or individuals actively engage in leveraging the
provider's APIs to integrate, innovate, and enhance the functionalities of
applications and services. Through strategic partnerships, developers
seamlessly integrate telecom APIs into their applications, spanning services
such as SMS, voice calling, and location-based features.
Asia
Pacific is expected to expected to grow with the highest CAGR during the
forecast period
The telecom API market in Asia Pacific
is highly competitive, as China, India and Japan have a strong focus on
Research and Development (R&D) and innovation. The Asia Pacific digital
economy is expanding and experiencing growing regional demand. The telecom API
market in the Asia Pacific region is dynamically influenced by several key
factors. With a high penetration of mobile devices and smartphones, the demand
for telecom APIs has surged, enabling mobile network operators to enhance
service functionality and user experiences. The ongoing digital transformation
initiatives across countries in the region further contribute to the adoption
of cloud services, IoT, and other technologies reliant on telecom APIs. The
growth of e-commerce and FinTech sectors has driven the need for secure
communication channels, spurring the use of APIs for authentication, messaging,
and payment processing. Government-backed initiatives promoting digital
transformation, smart cities, and eGovernance are also leveraging telecom APIs
for connectivity and data exchange. Overall, the Asia Pacific telecom API
market is expected to continue to grow rapidly in the coming years, as
organizations in the region increasingly realize the benefits of these
technologies.
Market
Players
The telecom API market comprises major
providers, such as Twilio (US), AT&T (US), Vodafone Group (UK), Google
(US), Telefonica (Spain), Verizon (US), Ericsson (Sweden), Deutsche Telekom
(Germany), Orange SA (France), Cisco (US), Nokia (Finland), Huawei (China),
Bharti Airtel (India), Mavenir (US), Boku (US), RapidAPI (US), LocationSmart
(US), SMSLOTS (Turkey), Xeebi (US), Plivo (US), Tenios (Germany), EnableX
(Singapore), MessageBird (Netherlands), Telnyx (US). To increase their market
share in the telecom API industry, these competitors have used a variety of
growth methods, including partnerships, agreements, collaborations, new product
releases, product enhancements, and acquisitions.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s
best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine offering to drive
supernormal growth for progressive organizations in the B2B space. We have the
widest lens on emerging technologies, making us proficient in co-creating
supernormal growth for clients.
Earlier this year, we made a formal transformation into one
of America's best management consulting firms as per a survey conducted by
Forbes.
The B2B economy is witnessing the emergence of $25 trillion
of new revenue streams that are substituting existing revenue streams in this
decade alone. We work with clients on growth programs, helping them monetize
this $25 trillion opportunity through our service lines - TAM Expansion,
Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account
Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive
ecosystem. Our insights and strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence Cloud, and years of research. The
KnowledgeStore™ (our Market Intelligence Cloud) integrates our research,
facilitates an analysis of interconnections through a set of applications,
helping clients look at the entire ecosystem and understand the revenue shifts
happening in their industry.
To find
out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA:
+1-888-600-6441
Email: sales@marketsandmarkets.com
No comments:
Post a Comment