The global telecom API market is segmented on the basis of types of API, by type of user, and by region. The telecom API market size is estimated to grow from USD 93.69 billion in 2016 to USD 231.86 billion by 2021, at a CAGR of 19.87%. Improving telecom API user experience, monetization of telecom operator services, rising demand for advanced telecom services over the internet and increasing adoption of M2M devices among end-users are the major driving factors of the telecom API market.
Browse 35 tables and 52 figures spread through 119 Pages and in-depth TOC on “Telecom API Market by Type of API (SMS, MMS, & RCS, WebRTC, Payment, M2M & IoT, Content Delivery, Location, ID/SSO & Subscriber), User Type (Enterprise, Partner, Internal, Long Tail), and Region – Global Forecast to 2021″
Telecom API market is bridge between the mobile operators and the businesses launching mobile services through various communications enables applications. Thus, telecom network APIs play a crucial role in capitalizing on the existing network infrastructure to open up new business opportunities. There is an ever growing demand of telecom services such as payment, messaging, voice and location through mobile apps. APIs are the bridges between the mobile network operators and the application developers that launch these mobile services via apps.
The location API is expected to grow at the fastest rate during the forecast period due to the booming interest in the location based services spanning the verticals. These services enable the businesses to track their customer’s mobile device position thus enhancing their customer service quality. ID/SSO and subscriber API is second fastest growing market after location API due to increasing the telecom API user experience.
Among type of API users, Partner developer user is expected to grow at the highest CAGR during the forecast period. The Partner developer enables solutions developers to access their different APIs and use these APIs to develop applications and extension of these applications. Internal developer is another segment is expected to grow at the faster rate during the forecast period after Partner developer.
With the huge technological advancements and adoption, APAC is expected to grow at the fastest CAGR in the telecom API market during the forecast period. Middle East and Africa region has shown huge growth telecommunication sector in past few years and is the second fastest growing market during the forecast period. The North America is expected to hold the largest market share during the forecast period due to the increase in adoption of smart phones and mobile applications.
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