Telecom API Market Research Report, By Type (Presence Detection, Location Determination Data, and Others), Service (SMS, Payment API, Location API, and Others), and End-User (Enterprise, Internal Telecom Developer, and Others)—Global Forecast till 2023
Market Summary
Market Research Future (MRFR) projects the global telecom API market 2020 to advance to a size of USD 368.25 Billion by 2023. The market study also reveals that the market progression can be at a rate of 17.33% from 2018 to 2023 (which is the evaluation period).
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Growth Inducers and Key Deterrents
Increasing deployment of M2M devices and the rising focus on elevating telecom API user experience are touted to be some of the top growth inducers in the market. In developing regions, mobile operators are considered to be essential aspect when it comes to the digital economy. Telecom operator APIs have emerged as a robust channel for boosting the creativity and stimulating the startup ecosystem as well. The vast range of APIs provided by operators leads to a significant sequence of innovation, since startups have the scope to integrate numerous APIs to develop new and advanced services.
With the increasing use of smartphones and the subsequent surge in the demand for internet services, the requirement for revenue generating alternatives among telecom operators has also risen. Providing services like messaging and identity management API can be a notable trend in the global market during the given timeline. Another trend gathering momentum in the telecom API market is the emerging application of WebRTC. Observing its mounting popularity, more and more telecom API vendors are focusing on offering WebRTC API to the interested telecom operators.
Some of the main boosters in the Telecom API industry are the rising adoption of next-generation technologies combined with the surging use of mobile internet for every day operations. The escalating competition between the leading companies, in line with the frequent technological developments in the face of high popularity of IoT and 5G can also work in favor of the worldwide market.
Market Segmentation
The telecom API market has been considered for type, service, and end-user.
The primary types of telecom API are location determination data, presence detection data, subscriber data management (SDM) and service configuration management (SCM).
The services that are available in the global market include webRTC, MMS, payment API, RCS API, identity management, location API, and others.
The prominent end-users outlined in the report are internal telecom developer, enterprise developer, long tail developer and partner developer.
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Regional Outlook
The geographical study of the telecom API market has taken into account Europe, North America, Asia Pacific (APAC), and the rest of the world or RoW.
High deployment of cloud-based technologies in Canada, Mexico and the US, has made North America the highest revenue generating market for telecom API. The exceptional financial status of consumers and the high technical expertise that induces the growth of technologies such as 5G benefit the telecom API market in North America. The rising frequency of technological innovations is boosting the market position of the stakeholders in the region. Additionally, more and more telecommunication API builders are continuously forming Vehicle-to-Cloud (V2C) connectivity and Speech Recognition Expert Groups to come up with standardized sets of APIs. This is yet another factor that can be instrumental in the market growth during the analysis period.
APAC can witness substantial growth in the global market, following the increasing technological advancements in India, Japan and China. These countries also note a high demand for smartphones, which again favors the market growth for telecom API. The heightened demand deployment of M2M devices can also add to the market strength in the following years.
Renowned Companies
Renowned companies competing in the market for telecom API are LocationSmart (US), Nokia Corporation (Finland), Vodafone Group PLC (UK), Fortumo (Estonia), Orange S.A. (France), Verizon Communications Inc. (US), Google (US), Telefónica S.A. (Spain), AT&T Inc. (US), Vonage (US), and others.
Aspect Software Inc. (US) and Cisco Systems (US) are some of the other vendors in telecom API industry.
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The latest Telecom API Market designed from various sources which also include porter’s five forces analysis research techniques to explore the new opening of the marketplace for the period of 2021-2027.
And most significantly , the info on the present business scenario also will help players to know the stakeholder strategies and find out the new opportunities which can help them to achieve their way.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the telecom API market include Alcatel-Lucent S.A., Apigee Corporation, Aspect Software, AT, Inc., Fortumo, Locationsmart, Nexmo, Inc., Orange S.A., Telefonica S.A., Tropo, Inc., Twillo, Inc., Verizon Communications, Inc. and Vodafone Group PLC.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Telecom API Market Research Report" by requesting FREE Sample Copy at:https://www.valuemarketresearch.com/contact/telecom-api-market/download-sampleMarket DynamicsRising adoption of IoT and increasing acceptance of online entertainment and mobile applications is the key driver driving the market growth.
Shifting consumer preference towards 4G LTE network coupled with rising acceptance of machine-to-machine communication is likely to foster the market demand in following years.
Ongoing development in IT sector is again boosting the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Telecom APIs allow carriers to pass valuable data to third parties, which they monetize on an asymmetric basis as typically mobile network operators do not provide services to end-users.
The global telecom API market is segmented on the basis of types of API, user type, and region.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257220042On the basis of API, the market is broadly segmented into Short Message Service (SMS), Multimedia Messaging Service (MMS), & Rich Communication Services (RCS) API; Interactive Voice Response (IVR)/ voice store & voice control API; payment API; Web Real-Time Communication (WebRTC) API; ID/ Single Sign-On (SSO) & subscriber API; location API; and Machine-to-Machine (M2M) & Internet of Things (IoT) API.MarketsandMarkets forecasts the global telecom API market to grow from USD 93.69 Billion in 2016 to USD 231.86 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.87%.
Improving telecom API user experience and monetization of telecom operator services are some of major driving factors of the market.The key players in the telecom API market include Vodafone Group PLC (London, U.K.), Twilio, Inc. (California, U.S.), Alcatel-Lucent (Boulogne-Billancourt, France), AT, Inc. (Texas, U.S.) Telefonica (Madrid, Spain), Apigee Corporation (California, U.S.), Orange S.A. (Paris, France), Verizon Communications, Inc. (New York, U.S.), Xura, Inc. (Massachusetts, U.S.), Nexmo, Inc. (California, U.S.), Fortumo (Tartu, Estonia), LocationSmart (California, U.S.), Tropo, Inc. (California, U.S.), and Aspect Software (Massachusetts, U.S.).
In terms of organic strategy, Twilio has been investing more than 24% of its revenue in Research and Development (R) for the past 3 years.
In 2015, it invested 25.5% of its annual revenue in R, whereas in 2016, it invested 28.1%.
This clearly describes that the company is focused on improving its current offerings to firmly hold its position in the highly competitive market.AT is one of the leading providers of telecommunication services in the world.
API plays major role in telecom industry and in the last few years, there has been rapid development in the field of communication and the way people connect with each other.
Telecom APIs are majorly used for providing crucial services to their users such as messaging, location and payments.
Apart from this, telecom API also helps the network providers to determining the location, SCM and SDM.
The market is expected to witness rapid demand in the coming years due to the proliferation of 4G technology and development in the field of 5G technology.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2349 Competitive Outlook: Renowned companies competing in the market for telecom API are LocationSmart (US), Nokia Corporation (Finland), Vodafone Group PLC (UK), Fortumo (Estonia), Orange S.A. (France), Verizon Communications Inc. (US), Google (US), Telefónica S.A. (Spain), AT Inc. (US), Vonage (US), and others.
Aspect Software Inc. (US) and Cisco Systems (US) are some of the other vendors in telecom API industry.
Telecom API Market Research Report, By Type (Presence Detection, Location Determination Data, and Others), Service (SMS, Payment API, Location API, and Others), and End-User (Enterprise, Internal Telecom Developer, and Others)—Global Forecast till 2023Market SummaryMarket Research Future (MRFR) projects the global telecom API market 2020 to advance to a size of USD 368.25 Billion by 2023.
The market study also reveals that the market progression can be at a rate of 17.33% from 2018 to 2023 (which is the evaluation period).Get a Free Details @ https://www.marketresearchfuture.com/sample_request/2349Growth Inducers and Key DeterrentsIncreasing deployment of M2M devices and the rising focus on elevating telecom API user experience are touted to be some of the top growth inducers in the market.
The vast range of APIs provided by operators leads to a significant sequence of innovation, since startups have the scope to integrate numerous APIs to develop new and advanced services.With the increasing use of smartphones and the subsequent surge in the demand for internet services, the requirement for revenue generating alternatives among telecom operators has also risen.
Providing services like messaging and identity management API can be a notable trend in the global market during the given timeline.
Another trend gathering momentum in the telecom API market is the emerging application of WebRTC.
Observing its mounting popularity, more and more telecom API vendors are focusing on offering WebRTC API to the interested telecom operators.Some of the main boosters in the Telecom API industry are the rising adoption of next-generation technologies combined with the surging use of mobile internet for every day operations.
Recently published a report entitled Telecom API Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad telecom API market has been sub-grouped into type of API and users.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Telecom API Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/telecom-api-market/download-sampleBy Type Of APISMS, MMS And RCS APIIVR/ Voice Store And Voice Control APIPayment APIWeb RTC APIID/SSO And Subscriber APILocation APIM2M API And IoT APIContent Delivery APIOthersBy UsersEnterprise DeveloperInternal DeveloperPartner DeveloperLong Tail DeveloperThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the telecom API market include Alcatel-Lucent S.A., Apigee Corporation, Aspect Software, AT, Inc., Fortumo, Locationsmart, Nexmo, Inc., Orange S.A., Telefonica S.A., Tropo, Inc., Twillo, Inc., Verizon Communications, Inc. and Vodafone Group PLC.
