Global Telecom API Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Telecom API Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global telecom API market has been segmented on the basis of type, end-user, as well as regions and countries.
An Application Programming Interface (API) is a set of routines, protocols, and tools for building software applications. Basically, an API specifies how software components should interact, and aids in the development of mobile applications. Telecom APIs are a means of accessing telecom data and services for a host of communication-enabled applications.
The growing number of mobile service subscribers and the increasing penetration of the internet are primary factors that are expected to fuel the revenue growth pf the global telecom API market over the next 10 years.
APIs play a pivotal role in the monetization of the Internet of Things (IoT) network, as they serve as a Point of Interaction (POI) between several components within the network. The steady increase in the adoption of IoT is expected to significantly impact the future market growth of this industry. However, concerns regarding the security of an individual’s personal data is a factor that may restrain future revenue growth opportunities for this market.
APIs are extremely important for Machine-to-Machine (M2M) device communication, as they stipulate the message format that can be implemented to control the device. The growing adoption of M2M devices in the telecom industry, and the robust expansion of the e-commerce sector are factors that are expected to further boost the revenue growth of the global telecom API market in the foreseeable future.
Segmentation of the global telecom API market is as follows:
On the basis of type, the messaging API segment accounted for the largest number of revenue shares of the global telecom API market in 2019, and is also slated to register the fastest rate of revenue growth over the next decade. This can be accredited to the surging adoption of Rich Communication Services (RCS) and SMS services that employ messaging APIs. The Interactive Voice Response (IVR) API segment is slated to index considerable revenue growth in the near future, owing to the increasing number of call centers around the world. The location API segment is also anticipated to register substantial revenue growth due to the rising demand for smartphone apps that required services such as location tracking.
In terms of end-user, the enterprise developers segment accounted for the maximum number of revenue shares of the global telecom API market in 2019, due to the exhaustive use of Application-to-Person (A2P) messaging tools by large business organizations. However, the partner developer segment is anticipated to index the highest rate of revenue growth of the global telecom API market in the coming years.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global telecom API market in 2019, owing to the large presence of key industry players in this region. However, the markets in the Asia Pacific are expected to index the highest rate of revenue growth over the next 10 years, due to the increasing number of mobile internet users in the region.
Segmentation of the Global Telecom API Market:
Segmentation by Type:
Segmentation by End-User:
- Enterprise Developers
- Internal Telecom Developers
- Partner Developers
- Long Tail Developers
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- AT&T Inc.
- Telefonica S.A.
- Google LLC
- Verizon Communications Inc.
- Twilio Inc.
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