Press release
Telecom API Market: Increasing Adoption of Machine-to-Machine Devices to Propel Market at 23.6% CAGR
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. 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.
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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.
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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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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