What are the factors driving the telecom API market?

An application programming interface (API) is a computing interface that defines the interaction between numbers of software intermediaries. Telecom API helps developers create compatible applications for multiple devices under a particular network. A telecom carrier typically provides APIs geared toward SMS, MMS, location, voice, and payment, allowing the developer to integrate the required API in its application. The telecom carrier can charge the developer based on the number of APIs used in the application. Telecom API improves the scalability and flexibility of an application by managing the growing number of consumers in a network.

The global Telecom API Market was accounted for US$ 194.2 Bn in terms of value in 2019 and is expected to grow at CAGR of 23.6% for the period 2020-2027.

Request A Sample Copy:https://www.coherentmarketinsights.com/insight/request-sample/4089

Rising proliferation of mobile internet and cloud technologies is expected to drive growth of the global telecom API market during the forecast period
Rising adoption of mobile internet and cloud technologies is expected to boost the use of the mobile application in the near future. According to the Cisco Visual Networking Index 2014 - 2019 report, the monthly global mobile data traffic is expected to rise at a CAGR of around 57% from 2014 to 2019 and is expected to surpass 24.3 Exabytes by 2019. Furthermore, according to the Groupe Speciale Mobile Association (GSMA) Mobile Economy Report 2015, the number of people using mobile Internet is expected to reach 3.8 billion by 2020. Rapid growth of mobile cloud is expected to accelerate adoption of telecom API for data and video storage in telecom-owned cloud systems. Hence, these factors are expected to drive growth of the global telecom API market during the forecast period.

Increasing access to 4G LTE network is expected to propel the global telecom API market growth over the forecast period
According to GSMA Intelligence, 352 telecom carriers had launched 4G LTE (Long-Term Evolution) networks across 124 countries until January 2015. 4G LTE offers high-bandwidth internet connectivity for uninterrupted audio and video streaming. Furthermore, 4G LTE provides voice over LTE (VoLTE) based on IP multimedia systems thereby allowing high-clarity voice. 4G LTE eliminates the need for separate networks for voice and data for a given telecom tower. VoLTE can be deployed with RCS and video calls over LTE, facilitating MMS, chat, file sharing, and video transfer. Thus, these factors are expected to propel the global telecom API market growth over the forecast period.

Trusted Clients:https://www.coherentmarketinsights.com/trusted-by

Mr.Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email:sales@coherentmarketinsights.com

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.