[November 24, 2017] |
|
Telecom Application Programming Interface Market - Trends and Forecasts by Technavio
According to the latest market study released by Technavio,
the global telecom application programming interface (API) market is
expected to grow at a CAGR of almost 32% during the predicted period.
This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171124005051/en/
Technavio has published a new report on the global telecom application programming interface market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global
Telecom API Market 2017-2021' provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.
Increased demand for smartphone, network connectivity, and carrier
operators are the major drivers of the market. The market is calculated
by considering the revenue generated from APIs based on new software
integration and subscription basis. A major factor contributing to the
revenue generation from 2016 to 2017 is the increased utilization rate
of applications, wherein the services such as SMS, voice, and payment
gateway are integrated into the already existing web or software
applications.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
Technavio's analysts categorize the global telecom
API market into five major segments by services:
-
SMS, MMS, and RCS
-
Voice/speech
-
Payment
-
Identity management
-
Maps and location
Looking for more iformation on this market? Request
a free sample report
Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
The top three segments of the global telecom API market are discussed
below:
Global telecom API market by SMS, MMS, and RCS
The growth rate of the API market for SMS, MMS, and RCS services will
increase during the forecast period due to the emergence of
applications, which include services such as SMS, MMS, and RCS. The
service providers for SMS and MMS cover around 800 networks in more than
200 countries across the globe. They provide SMS, RCS, and MMS API that
enable the website, in which the SMS APIs were integrated and provide
sending and receiving messages facility.
Reliable reply paths, availability of threading, seamless operation,
easy and cost-efficient implementation, and scalability are some of the
major advantages of SMS, MMS, and RCS. For instance, in 2016 February,
Bustova, a bus ticket booking mobile application, was launched. Globe
Labs' SMS API is used by the users to book their bus tickets and pay a
reservation fee using their mobile prepaid airtime. At the bus terminal,
on the day of the trip, the user can pick up the ticket and pay the bus
operator directly.
Global telecom API market by payment
In organizations across the globe, the application developer focuses on
security breaches and enterprise. Operators are deploying security
solutions to keep their web and mobile applications safe from
intrusions. The major factor driving the payment services is the
increased requirement of the E-commerce and banking applications.
According to Jujhar Singh, a lead M2M
and connected devices research analyst from Technavio, "Through
payment APIs, the e-commerce application such as Amazon.com (News - Alert) and
Flipkart.com can integrate payment API during checkout and buy a page in
their mobile app or web applications. Thus, payment API is not only easy
to integrate but also makes the developer's life easier."
Global telecom API market by maps/location
Maps or location-based APIs can utilize the location and provide the
end-users with relevant information about the promotion and offers in
particular locations. The application developers use APIs, which are
user friendly. The APIs can also estimate the pick and drop time and
calculate the prices within the google maps.
"Location-based service highlights the restaurant location on the
restaurant webpage. Also, the telecom service providers can provide
simple and valuable services through APIs. Telecommunication offers a
complete portfolio of location-based services, which enhances the
location-based services. The location-based services support the
location information for both the indoor and outdoor environments," says
Jujhar.
The top vendors highlighted by Technavio's research analysts in this
report are:
-
Apigee
-
AT&T (News - Alert)
-
MuleSoft
-
Orange
-
Twilio
-
Verizon Communications
Browse Related Reports:
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20171124005051/en/
[ Back To Mobile World Congress's Homepage ]
|