Telefonica (Spain), AT&T, Inc. (U.S.), Vodafone Group PLC (U.K.), Alcatel-Lucent (France), Apigee Corporation (U.S.), Orange S.A. (France), Verizon Communications, Inc. (U.S.), Nexmo, Inc. (U.S.), Fortumo (Estonia), LocationSmart (U.S.), and Aspect Software (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Telecom API Market.
Telecom API Market Overview
The Global Market of API Managements growing rapidly mainly due to the increasing adoption of IoT in Telecom. According to a recent study report published by the Market Research Future, The global market of Telecom API is booming and expected to gain prominence over the forecast period. The global Telecom API Market is anticipated to accrete to USD ~258 Billion by 2022, at a striking double digit CAGR of ~ 18 % between 2016 and 2022.
The rapid penetration of cloud-based technologies and increasing use of mobile data are the two major key drivers for the Telecom API Market. Benefits of Telecom API include, they provide extra functionality to the existing system, and they enhance the performance of existing solutions and others. Apart from it lesser time to market and costs savings are major advantages of telecom API which are responsible for the growth of market.
The increasing need for monetization of telecom carrier services and significance of improving mobile app developer experience is together contribute in fostering the market growth. Interactive Voice Response (IVR)/voice store and voice control API has grown significantly owing to the increasing adoption of M2M devices among end-users. The partner developer enables solution developers to access their different APIs and use these APIs to develop applications and extension of these applications to build and develop solutions that are more sophisticated for clients. Moreover, increasing investments transpired in R&D Activities and innovation is providing impetus to the market growth of Telecom API. Augmented penetration of smartphones and the emergence of different mobile applications the telecom API market is growing significantly. The sudden infiltration of cloud-based technologies and accumulative use of mobile data are also some of factors that foster the growth of telecom API market.
Telecom API is used to improve the customer experience and market the mobile applications among end-users which is the need of this changing environment. Increasing adoption of IoT and IT modernization are the driving factors for the telecom API market. High competition and need to provide high-quality service at low cost are responsible for the incline of industries towards telecom API. Leading companies in telecom API market like AT&T, Orange and Colt are working over developing new SDN-based business API standards.
The telecommunication industry is growing continuously due to rapid innovations and IT modernizations. An API (Application Programming Interface) is a set of programming instructions and programming standards for accessing a web-based software application. The telecom API is an application programming interface which plays a major role for developing any big software. The telecom APIs are developed to add telecom related features in different cloud applications or web applications. Telecom API is used to improve the customer experience and market the mobile applications among end-users. There are many telecom API’s that are used for messaging, location, and payments.
There are three different types of telecom APIs as Presence detection data, Location determination data, Service Configuration Management (SCM), and Subscriber Data Management (SDM). The Service Configuration Management (SCM) represents the tools which allow the service provider or the customer to alter the service parameters. Subscriber Data Management (SDM) is simply concerned about the data that resides with a service provider. The telecom APIs are used in various services as SMS, payments, webRTC, identity management and others.
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Telecom API Market Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Telecom API appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services.
There has been a recent news that, AT&T, Orange, Colt jointly develop SDN-based business API standards. AT&T and Colt held the first successful SDN interoperability trial proving that SDN architectures from different network service providers can interoperate with each other across continents.
Telecom API Global Market Segments
Telecom API Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Services: Comprises SMS, MMS, and RCS API, Payment API, Location API, Identity Management, WebRTC
Segmentation By Type: Comprises Presence Detection Data, Location Determination Data, SCM, SDM and other
Segmentation By Identity Management: Comprises WebRTC and other
Segmentation By User: Comprises Enterprise, Internal Telecom, Partner, Long Tail Developer.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Telecom API Global Market Regional Analysis
The regional analysis of Telecom API market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rising popularity of smartphones, tablets and others has driven the market of Telecom API in North America. North America dominates the telecom API market followed by Asia-Pacific region. The increasing trend of smartphones is majorly observed in Asia-Pacific region and the countries like China, Japan, Korea and India are advancing in their technologies rapidly. The Telecom API market is expected to grow steadily in Europe and Latin America regions over the forecast period.
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