Press release
Master Recharge API Market Report 2017 - Latest Growth, Current Trends and Forecast till 2025
The main objective of this report is to define, describe, and forecast the global “Master Recharge API” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Master recharge API is used by big scale enterprises for providing recharge solutions. It includes all the core platforms and tools required for mobile and other recharge businesses. Master recharge API enables fast and simple recharge with the help of multiple recharge APIs working in the backend. It sends response immediately to each recharge query for self-execution and completes a recharge transaction in 3 to 8 seconds. Direct-to-home TV service providers are also using master recharge API to perform monetary transactions related to customer accounts. Requests from prepaid mobile connections are high compared to the postpaid mobile connections as the majority of mobile connections worldwide are prepaid. Also, master recharge APIs can perform data card enquiry for prepaid and postpaid connections.
Increasing penetration of mobile phones has resulted in high demand for data and voice services in mobile communications. Also, growing number of smartphone applications designed to perform multiple tasks are being used by customers. Data required to run these applications has increased the demand for Internet services on mobile devices. As a result of this, master recharge API market is expected to grow during the forecast period. Direct-to-home TV services are experiencing high demand due to the digitization of television signals. Demand for applications to manage the DTH accounts of customers has increased during recent years. Online portals are providing customized services for subscribers to recharge their data cards or DTH accounts. Growing popularity of these online recharge portals is anticipated to drive the master recharge API market. Master recharge API helps in integrating multiple recharge APIs to develop a unifying platform. It helps is managing multiple connections at a single time, reducing cost and time required for individual transaction. Master recharge API provides 24x7 recharge service, improving the business efficiency. It eliminates the need for additional hardware and modem applications. Also, bulk volume of recharge business can be easily handled by master recharge API. It is also used for utility payments such as electricity and gas, where monthly subscriptions are processed regularly. As electricity and gas are public utilities, easy bill payment facilities are expected to increase demand for master recharge API market. It is also used for processing insurance bills. However, high cost associated with the master recharge APIs is leading to key telecom operators developing their own APIs for recharge.
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Master recharge API market is segmented on the basis of service and end-user. According to different services provided, the master recharge API market is segmented into prepaid mobile recharge, postpaid mobile recharge, data card, DTH, electricity, insurance and gas. End-users of master recharge include enterprises, distributors and consumers. Furthermore, on the basis of geography, master recharge API market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Major players associated with the master recharge API market include LBS Software, Xtracare IT Solution, Recharge My, ASU TREXIM Pvt. Ltd., Pointer Soft Technologies Pvt. Ltd., Mymonkey, Cyrus Technoedge Solutions Pvt. Ltd., Indian Web Technologies (P) Ltd., Handa Enterprises (Recharge Handa) and RC 24.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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