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The global telecom API market is estimated to expand at 18 % CAGR during the assessment period (2016-2022). The market is expected to reach USD 258 billion by 2022 owing to the rapid penetration of cloud-based technologies. API or Application Programming Interface is a set of programming standards and programming instructions for accessing a web-based software application. An application programming interface, Telecom API plays an important role in developing any big software. Telecom APIs market the mobile application among the end-users and improve customer experience.
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Drivers and Restraints Impacting the Market
Telecom APIs are developed to add telecom related features in several web and cloud applications and are used for payments, location, and messaging. The growing use of mobile data and rapid penetration of cloud-based technologies are the two major drivers contributing to the growth of telecom API market globally. Development in IoT and cloud computing is one of the major factors contributing to the growth of the market over the assessment period. Moreover, use of telecom API offers several advantages to the companies like lesser time and low cost to market which enables the market to grow. Also, due to the proliferation of 4G technology along with development of 5G technology is anticipated to impact the market positively.
On the flip side, there is an increasing competition in margin values and revenues that over the top service providers are giving to telecom operators. Such OTT services make telecom services incur infrastructure cost, therefore allowing them to charge for data usage.
Global Telecom API Market: Segmental Analysis
The global telecom API market has been segmented on the basis of type, service, identity management, user-type, and region.
By mode of type, the market has been segmented into Service Configuration Management (SCM), Location Determination Data, Presence Detection Data, Subscriber Data Management (SDM), and others.
By mode of service, the market has been segmented into SMS, Location API, Payment API, MMS and RCS API.
By mode of identity management, the market has been segmented into WebRTC and others.
By mode of user type, the market has been segmented into partner developer, long tail developer, internal telecom developer, enterprise developer, and others. Among these, the segment for enterprise developer has led the market consistently over the review period owing to their large-scale usage.
Geographically, the Global Telecom API Market spans across regions namely, America, Asia Pacific, Europe, and Rest-of-the-World.
Among all the regions, the North American region is predicted to dominate the global telecom API market over the assessment period owing to the increasing popularity of tablets, smartphones, and other smart devices. Factors such as the high presence of technology companies along with technological development are anticipated to foster the market growth in this region.
Asia Pacific is anticipated to be one of the fastest growing markets due to advancement in Asian countries such as India, South Korea, Japan, and China. For instance, Reliance Group has revolutionized the market for Indian telecom by offering low-cost 4G services. The move is now adopted by global players in other regions as well. The market is witnessing rapid proliferation of internet users which is set to boom the global market over the review period.
August 08, 2018: RingCentral, Inc., a leading provider of global enterprise cloud communications and collaboration solutions, was awarded the 2018 API Award in the Communications APIs category by API World. RingCentral was chosen based on three criteria. It attracted attention and awareness, it is a leader in its sector for innovation, and it is well-regarded by the developer and engineering community.
Some of the major players operating the market are LocationSmart (U.S.), Verizon Communications Inc. (U.S.), Vodafone Group PLC (U.K.), Alcatel-Lucent (France), Orange S.A. (France), Aspect Software (U.S.), Apigee Corporation (U.S.), Telefonica (Spain), AT&T Inc. (U.S.), Nexmo Inc. (U.S.), Fortumo (Estonia), and others.
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