Telecom API Platform Market 2020 - key vendors, growth probability, and future Scenario | Aspect Software (Massachusetts, U.S.), Alcatel-Lucent (Boulogne-Billancourt, France), AT&T, Inc. (Texas, U.S.), Apigee Corporation (California, U.S.), Fortumo (Tartu

API is basically a set of functions, protocols, commands, and objects used by developers to interact with an external application or system. Telecom API platform capitalizes current network framework to create a wide variety of market opportunities for carriers around the world. It exposes their services to a large number of external developers and are major source of revenues for telecom operators. It helps to improve customer experience by helping application developers integrate data from various sources such as messaging, location, payment, and voice. There are many benefits of API for operators such as revenue generation and better customer experience, which drives the telecom API platform market growth.

Improving telecom API user experience and monetization of telecom operator services are the major factors that drive the market growth. In addition, increase in number of mobile connections across the globe and need to manage telecom network fuels growth of the market. However, government regulations for the telecommunication sector hampers the market growth. Furthermore, increase in adoption of internet of things (IoT) enabled applications and devices across the globe is expected to provide lucrative opportunity for the global telecom API platform market.

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In emerging economies such as India, China, and Japan, telecom operators offer various set of APIs to startups, which can combine to create new services in these countries, thus driving growth of the telecom API platform market. For instance, startups offering users localized SMS content depending on their city would aid to provide SMS, location, and direct operator billing simultaneously which will boost the growth of the market.

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North America is expected to have the largest market share during the forecast period, owing to the increase in the use of smartphones and mobile applications, which has resulted in adoption of API related technologies in the region. In addition, prominent players along with new entrants are introducing new telecom APIs to sustain in the competitive market, which boosts the telecom API platform market growth.

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Major players include : Aspect Software (Massachusetts, U.S.), Alcatel-Lucent (Boulogne-Billancourt, France), AT&T, Inc. (Texas, U.S.), Apigee Corporation (California, U.S.), Fortumo (Tartu, Estonia), LocationSmart (California, U.S.), Orange S.A. (Paris, France), Twilio, Inc. (California, U.S.), Telefonica (Madrid, Spain), Nexmo, Inc. (California, U.S.), Tropo, Inc. (California, U.S.), Verizon Communications, Inc. (New York, U.S.), Vodafone Group PLC (London, U.K.) and Xura, Inc. (Massachusetts, U.S.)

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