Telecom API Market 2021 Business Profit Growth, Top Key Players, Global Trends, COVID – 19 Outbreak, Emerging Technologies, Industry Segments and Emerging Technologies
Research Reports
Jan 07, 2021
Telecom API Market Highlights:
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).
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.
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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.
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.
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.
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
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List of Tables
Table 1 Telecom Api Market, By Type
Table 2 Telecom Api Market, By Service
Table 3 Telecom Api Market, By User Type
Table 4 Telecom Api Market, By Regions
Table 5 North America Chip Telecom Apimarket, By Type
List of Figures
Figure 1 Research Network Solution
Figure 2 Telecom Api Market: By Type (%)
Figure 3 Telecom Api Market: By Service (%)
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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