A recent research
report published by Transparency Market Research estimates the global
telecom API market to expand robustly at a CAGR of 23.6% during the
period between 2015 and 2022. The report, titled “Telecom API
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2022”, projects the global telecom API market to be
worth US$323.44 bn by 2022. The overall market stood at a valuation
of US$54.80 bn in 2014.
The report states
that proliferation of mobile internet and cloud technologies will
drive the demand from the global telecom API market. Less time to
market, greater quality of service, and cost savings for developers
through the use of API are some of the factors significantly
contributing towards the growth of the market.
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Increasing access to
4G LTE network globally will further propel the market growth.
However, the report states that over the top (OTT) service providers
are seizing revenue and margin of telecom operators, thereby
restraining the growth of the overall market. Telecom carrier outlook
towards adopting open telecom API is also expected to negatively
affect the market. The global telecom API market has a huge
opportunity to grow with increasing adoption of machine-to-machine
(M2M) devices.
According to service
types, the report segments the global telecom API market into SMS,
MMS & RCS, payment, voice/speech, maps and location, webRTC,
identity management, and others including device information and do
not disturb. The demand for SMS, MMS, and voice calling is expected
to surge further during the forecast horizon.
On the basis of
end-users, the report categorizes the global telecom API market into
enterprise developer, partner developer, long tail developer, and
internal telecom developer. The overall market was dominated by the
enterprise developer segment in 2014. The segment held a share of
34.0% in the market owing to the high revenue generation offered by
enterprise developers while integrating telecom API into day-to-day
functioning of telecom companies.
The report studies
the global telecom API market across five key regions: Asia Pacific,
Middle East & Africa, Latin America, North America, and Europe.
In 2014, North America dominated the overall market and accounted for
35% of the global telecom API market. North America is one of the
matured regions in the overall market owing to increased adoption of
smartphones and 4G LTE. The region also boasts of a large community
of API-related developers. However, during the forecast horizon, Asia
Pacific is expected to be the fastest growing region in the market,
expanding at a CAGR of 25.4%. The high growth rate of the regional
market can be attributed to the growing adoption of 4G technology,
increasing usage of M2M devices, and growing number of unique
subscribers.
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The report profiles
some of the prominent players operating in the global telecom API
market such as Nexmo Inc., Comverse Inc., Aepona Ltd., Fortumo OU,
Twilio Inc., Tropo Inc., LocationSmart, AT&T Inc., Apigee Corp.,
Orage, and Alcatel-Lucent.
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Transparency Market
Research (TMR) is a global market intelligence company providing
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blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
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and analyze information.
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
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Market Research employs rigorous primary and secondary research
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business reports.
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