Open API Market - Cloud Computing Platforms Improve Scope of Telecom API Usage
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According to Transparency Market Research’s latest publication, few players are currently dominating the scene in payment and location APIs owing to the high amount of credibility required for them to succeed here. On the other hand, a large number of players exist in voice, MMS, SMS, and WebRTC APIs.
The global market for telecom API is expected to progress at an extremely positive CAGR of 23.6% within a forecast period from 2015 to 2022. By the end of 2016, its revenue is expected to reach US$97.06 bn and US$323.44 bn by the end of 2022.
North America to Dominate Telecom API Demand
North America, with its large number of both enterprise developers and long-tail developers, is expected to retain its leadership in the demand for telecom API services. By the end of 2022, North America is expected to generate US$113.53 bn in telecom API. North America also houses a very large base of unique subscribers of mobile internet along with a high penetration of 4G LTE networks, thus promoting a greater degree of utility for telecom API services.
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On the other hand, Asia Pacific is showing a massive growth rate in the demand for telecom API, owing to a booming IT industry and its demand for applications development and management. This region is also showing a strong growth in the number of unique subscribers over the coming years, coupled with the promising development and improvement of mobile connectivity.
Cloud Technologies and Mobile Internet Service Improve, Increase Scope of Telecom API Usage
“Cloud computing technologies have been improving at an astronomical rate over the past few years and are not showing any signs of slowing down any time soon. Combining the vast array of cloud platforms with the growing use of mobile internet can therefore create the perfect reason for telecom API services to prosper in the coming years,” states a TMR analyst.
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A massive number of new and upcoming apps are going to be cloud-based and the use of telecom API can provide a more efficient method of managing all the data transfer.
Additionally, telecom API can allow developers to significantly improve their services for their customers. Depending on what API has been chosen, telecom carriers are able to offer better bandwidth for internet data for specific applications. Similarly, a developer that uses telecom API for creating a video streaming application can enter an agreement for storing videos on telecom-owned clouds. Such practices drastically improve time to market and quality of service.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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