The Global Telecom API Market is expected to grow at a significant CAGR during the forecast period (2021-2027). An application programming interface (API) is a collection of standard software functions that may be used by a program. A Telecom API is a set of programming standards and frameworks that are used to support a web-based application.
The growth of the telecom API market will be driven by increasing end-user adoption of M2M devices, improved telecom API user experience, and monetization of telecom operator services. To integrate an application with a telecom service, developers have to be familiar with and use telecom or VoIP protocols like SS7 and SIP. Several businesses developed the telecom API as the VoIP market, allowing software applications to interact with telecom services such as phone and SMS. Communication Service Providers (CSPs) confront problems as their services become more commoditized. With the rise of IP-based communication, OTT providers such as Skype, Vonage, and Netflix have begun to provide services that run on top of telecom operator networks without the goal of controlling the network.
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Mobile operators are the major facilitators of the digital economy in emerging economies. APIs from telecom operators are a great tool for unleashing innovation and supporting the startup environment. Because startups have the flexibility and latitude to integrate various APIs to develop new services, the set of APIs supplied by the operators generates a tremendous cycle of innovation. A firm that provides consumers with SMS-based localized content based on their location would use three operator APIs at the same time: SMS, location, and direct operator invoicing. As a result, in the global telecom API market, entrepreneurs and developers in emerging regions, that are offering mobile services sutilizing operator APIs, represent a significant opportunity.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Type of API
o By End-User
- Competitive Landscape: Vodafone Idea Limited, TWILLO INC., ALE International, AT&T Intellectual Property, Telefonica S.A., Orange, Verizon, and Fortumo among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
- Telecom API Market Report
Telecom API Market- Segmentation
By Type
• Presence Detection Data
• Location Determination Data
• Service Configuration Management (SCM)
• Subscriber Data Management (SDM)
By Type of API
• SMS
• MMS and RCS API
• IVR/Voice Store and Voice Control API
• Payment API
• Web RTC API
• ID/SSO and Subscriber API
• Location API
• MM and IoT API
• Content Delivery API
By End-User
• Enterprise Developer
• Internal Developer
• Partner Developer
• Long Tail Developer
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
