The global telecom network API market is forecast to grow to a value of around $157 billion by the end of 2018, growing at a CAGR of 38% between 2013 and 2018. In terms of regional revenue split, the Asia Pacific, North America and Western Europe region will remain to be the largest market segments by the end of 2018, while the Latin & Central America and Middle East & Africa regions will see the healthiest growth rates over the next five years.
In terms of individual API categories, the Subscriber Data Management (SDM) category will witness the fastest growth rate and will eventually account for $ 29 Billion in global revenue by the end of 2018. The average volume of API transactions for a Tier 1 wireless carrier will significantly increment over the next five years eventually reaching 160 Billion transactions a month on average.
While a large part of the market is yet to understand their technological and strategic significance, Telco Network APIs play a critical part in carrier networks as a secondary stream of revenue. Telco Network APIs capitalize on existing network infrastructure to create a vast array of business opportunities for carriers worldwide. In essence, these APIs allow carriers to disseminate a wealth of internal information or resources to third parties. This could entail everything from network QoS for video service delivery to Subscriber Data Management (SDM) for advertising and profiling, the goal being to enable third party developers to offer services in return for revenues.
Today nearly 24 % of all web and 15 % of all mobile applications utilize APIs. This figure is expected to increase to over 68 % by the end of 2018, drive by growing investments from the vendor, developer and the carrier community.For more information on the Global telecom network API market, please click here: Global telecom network API market
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