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Telecom API Market expected to be growing at a CAGR of 19.87% by 2021
[June 26, 2019]

Telecom API Market expected to be growing at a CAGR of 19.87% by 2021


According to a new market research report” Telecom API Market by Type of API (SMS, MMS, & RCS, WebRTC, Payment, M2M & IoT, Content Delivery, Location, ID/SSO & Subscriber), User Type (Enterprise, Partner, Internal, Long Tail), and Region - Global Forecast to 2021", published by MarketsandMarkets™, The global telecom Application Programming Interface (API) market size is estimated to grow from USD 93.69 Billion in 2016 to USD 231.86 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.87%.



The objectives of the Telecom API Market report are to define, describe, and forecast the telecom API market size on the basis of types of APIs, user types, and regions. Based on the types of API, the location API is the fastest growing market that helps in driving the market during the forecast period.

Browse and in-depth TOC on “Telecom API Market” 35 - Tables 52 - Figures 119 - Pages Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257220042 Improving telecom API user experience, monetization of telecom operator services, rising demand for advanced telecom services over the internet, and increasing adoption of M2M devices among end-users are some of the driving factors of the telecom API market.


SMS, MMS, and RCS APIs to play a key role in the telecom API market by 2021 The Short Message Service (SMS), Multimedia Messaging Service (MMS), and Rich Communication Services (RCS) APIs segment has the largest market share in the telecom API market during the forecast period. The market share is expected to grow because of the increasing need for monetization of telecom carrier services and significance of improving mobile app developer experience. Interactive Voice Response (IVR)/voice store and voice control API has the second largest market share during the forecast period due to the increasing adoption of M2M devices among end-users.

Increasing adoption of IoT will drive the global telecom market Increasing adoption of IoT drives the global telecom API market. Among telecom API user market, the partner developer market is expected to grow at the highest rate, followed by internal developer. The partner developer enables solution developers to access their different APIs and use these APIs to develop applications and extension of these applications to build and develop solutions that are more sophisticated for clients.

The North American region is expected to contribute the largest market share in the telecom API market North Americais expected to hold the largest market share in the telecom API market during the forecast period. This is due to the increase in use of smartphones and mobile applications. The increasing innovative developments and technological advancements are benefiting all the stakeholders present in the telecom API ecosystem in this region.

The major vendors in the telecom API market are Vodafone Group PLC (London, U.K.), Twilio, Inc. (California, U.S.), Alcatel-Lucent (Boulogne-Billancourt, France), AT&T, Inc. (Texas, U.S.) Telefonica (Madrid, Spain), Apigee Corporation (California, U.S.), Orange S.A. (Paris, France), Verizon Communications, Inc. (New York, U.S.), Xura, Inc. (Massachusetts, U.S.), Nexmo, Inc. (California, U.S.), Fortumo (Tartu, Estonia), LocationSmart (California, U.S.), Tropo, Inc. (California, U.S.), and Aspect Software (Massachusetts, U.S.).

Browse Complete Press Release @ https://www.marketsandmarkets.com/PressReleases/telecom-api.asp Key questions • Which are the substitute products and how big is the threat from them? • Which are the top use cases where telecom API can be implemented for revenue generation through new advancements such as artificial intelligence, IoT, and cloud computing? • What are the potential opportunities in the adjacent markets? • What should be your go-to-market strategy to expand the reach into developing countries across APAC, MEA, and Latin America? About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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