According to the latest report by IMARC Group, titled “Telecom API Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global telecom API market reached a value of US$ 242.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 649.6 Billion by 2027, exhibiting a CAGR of 17.77% during 2022-2027. A telecom application programming interface (API) is a set of communication protocols and tools that help in developing mobile applications. It complements the existing network infrastructures to create vast business opportunities, eliminate the need to develop every feature from scratch, simplify the growth process, etc. A telecom API also enhances internal workflows and improves customer experiences and engagement. Apart from this, it assists in building business-to-business (B2B) offerings and finds various applications across numerous industry verticals.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Telecom API Market Trends:
The increasing number of mobile service subscribers across the globe is primarily driving the telecom API market. Besides this, the escalating digitalization of the telecommunication industry is encouraging companies to adopt new revenue systems, resulting in the employment of APIs to improve the reliability and quality of their mobile communications, open-source technologies, broadband services, etc. This is acting as another significant growth-inducing factor. Moreover, the integration of the Internet of Things (IoT) with telecom APIs to help monetize network traffic and additional connections is further bolstering the market growth. Apart from this, the rising penetration of cloud-based services in the telecom sector is also propelling the product demand. Additionally, the expanding information technology (IT) sector and the emergence of start-ups in the digital transformation space are projected to fuel the telecom API market over the forecasted period.
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Global Telecom API Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Alcatel-Lucent S.A. (Nokia Corporation), AT&T Inc., Cisco Systems Inc, Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Infobip Ltd, LocationSmart, Orange S.A., Twilio Inc., Verizon Communications Inc. and Vonage Holdings Corp.
Breakup by Type:
Breakup by User Type:
- Enterprise Developers
- Internal Telecom Developers
- Partner Developers
- Long Tail Developers
Breakup by Deployment:
Breakup by Industry Vertical:
- Healthcare and Life Sciences
- Telecommunications and ITES
- Government and Public Sector
- Manufacturing, Consumer Goods and Retail
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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