Press release
Telecom API Market, Key Vendors, Segment, Growth Opportunities by 2023 to 2032
The Global Telecom API market was valued at USD 183.11 billion in 2022 and is estimated to expand at a CAGR of 21.3% from 2022 to 2032.Calls and SMS are the primary income sources for every telecom firm. However, because of the rise in consumer demand for over-the-top (OTT) services like Netflix, Skype, and WhatsApp, which use a significant amount of telecom bandwidth, telecom operators are seeing a decline in income production. As a result, the telecom industry is looking for alternatives that might rein in consumers' rising bandwidth consumption and diminishing profit margins. One such possibility is the telecom application programme interface (API).
To support applications and provide value-added services (VAS) applications, telecom application programme interface (API) enables a third-party firm to access data/information from telecom network providers. Telecom API providers increase their revenue by sharing the APIs with OTT providers so they can charge users for additional bandwidth, by giving developers extensive and reliable information, and by sharing the API internally with programmers to create better operating solutions. The proliferation of cloud technologies and mobile internet is likely to lead to the use of telecom API by telecom operators.
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Based on the kind of API, user type, and geographic location, the telecom API market is divided. Short messaging services (SMS), multimedia messaging services (MMS), and rich communication services (RCS) APIs, web real-time communications (WebRTC) APIs, payment APIs, location APIs, machine to machine (M2M) and Internet of Things (IoT) APIs, content delivery APIs, and others (voice store and voice control APIs, ID/single sign-on (SSO), and subscriber APIs) are the different categories of APIs based on type. It is divided into partner developer, enterprise developer, long-tail developer, and internal developer categories based on the kind of user.
Four geographic regions-North America, Europe, Asia-Pacific, and LAMEA-are used to analyse the market.
Segmentation:
By Type:
· SMS
· MMS
· Voice
· WebRTC APIs
By Deployment mode:
· Cloud-based
· On-premise
By Industry:
· BFSI
· Retail and E-Commerce
· Healthcare
· Government
· Others
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Geography:
The Telecom API market is dominated by North America, followed by Europe and Asia Pacific. North America holds the largest market share due to the presence of a large number of Telecom API providers and early adoption of cloud-based technologies. The region is also home to some of the largest technology companies that have been instrumental in driving the growth of the Telecom API market. Europe and Asia Pacific are also witnessing significant growth in the Telecom API market, driven by the increasing adoption of digital technologies and rising demand for personalized communication experiences. The Telecom API market in the Asia Pacific region is expected to witness the highest growth rate due to the increasing penetration of smartphones and the internet, especially in countries like India and China.
Impact of the Russia-Ukraine War on the global Telecom API Market:
The ongoing Russia-Ukraine conflict has also had an impact on the Telecom API market. The conflict has led to an increase in political and economic uncertainties, which could affect the growth of the Telecom API market in the region. It could also lead to disruptions in the supply chain and affect the ability of businesses to deliver Telecom API services in the region. Despite these challenges, the Telecom API market is expected to continue to grow in the long term, driven by the increasing adoption of cloud-based technologies and the demand for personalized communication experiences. Businesses are expected to continue investing in Telecom APIs to improve customer engagement and satisfaction, thereby driving the growth of the market.
Company Profiles:
· Twilio Inc.
· Cisco Systems Inc.
· AT&T Inc.
· Avaya Inc.
· Apigee Corp.
· Huawei Technologies Co. Ltd.
· Orange S.A.
· Nokia Corporation
· Vodafone Group Plc.
· Vonage Holdings Corp.
· Ribbon Communications Inc.
· ZTE Corporation
· Ericsson AB
· Nexmo Inc.
· Sinch AB
Reasons to Purchase Telecom API Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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