Market Research Reports Search Engine (MRRSE) has recently added a new study, titled “Telecom API (By Service Type - Payment, SMS, MMS and RCS, Maps and Location, Voice/Speech, Identity Management, WebRTC and Others; By User Type - Enterprise Developer, Internal Telecom Developer, Partner Developer and Long Tail Developer) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”, to its expanding database of research reports.
According to the report’s findings, the market for telecom API will expand at a phenomenal 23.60% CAGR from 2015 to 2022 to be valued at US$323.4 bn by 2022, increasing from its 2014 valuation of US$54.8 bn.
The growth of the telecom API market is attributed to the advantages of telecom API for a few entities that are a part of the telecommunication services pipeline. This includes application developers, service providers, telecom carriers, and aggregators. Telecom API helps application developers merge services for payment, voice, and text messaging, among others.
The market study delves into constituent API (application programming interface) services provided by service providers, telecom carriers, and aggregators that will collectively influence the development of the telecom API market from 2015 to 2022.
The report analyzes the global telecom API market on the basis of user type, service, and geography. Increasing demand for internet-on-the-go using smartphones and other mobile devices has been favorable for telecom API services pertaining to MMS and RCS, SMS, voice/speech, identity management, maps and location, WebRTC, and others. The increasing use of voice API by enterprise developers has led voice API services to account for the largest global market share in 2014, adds the report.
However, the WebRTC telecom API service segment will exhibit the fastest growth during the forecast period, due to the low calling cost of these services over traditional voice services. Other than these, telecom API services for MMS, SMS, and payment will gain a larger share during the forecast period, especially in the developing countries of the Middle East, Africa, and Asia Pacific. Telecom API payment services will be benefitted by the increasing volume of monetary transactions using mobile devices.
North America and Europe are expected to exhibit the highest demand for maps and location telecom API services during the forecast period.
The research report mentions and provides the competitive profiling of major companies that operate in the global telecom API market. This includes telecom carriers, service providers, and aggregators. Some of the major telecom carriers that offer telecom API profiled in the report are Orange and AT&T Inc. Among telecom service providers and aggregators, the major companies that operate in the global telecom API market are Apigee Corp. Alcatel-Lucent, Tropo Inc. (Cisco Inc.), Fortumo OU, Comverse Inc., LocationSmart, Twilio Inc., Aepona Ltd., and Nexmo Inc.
For each of these companies, major business strategies, recent developments, and market position have been identified in the research report.