The escalating competition amongst the telecom service providers to make better and improved services available to consumers at affordable prices to gain a competitive edge is expected to drive the market for telecom APIs.
Market Size – USD 100 billion in 2018, Market Growth – CAGR of 18.2%, Market Trends – Mounting need for online amusement and mobile application, the proliferation of machine-to-machine devices and consumers preferring 4G networks as their network of choice.
The Telecom Application Programming Interface Market is expected to grow from USD 100 billion in 2018 to USD 473.33 billion by 2026, at a CAGR of 18.2% during the forecast period. The escalating competition amongst the telecom service providers to make better and improved services available to consumers at affordable prices to gain a competitive edge is expected to drive the market for telecom APIs. Mounting demand for online amusement and better mobile application, increased penetration of IoT devices, switching of the consumers to 4G networks, efforts towards making improved APIs for better user experience and the growing need by the telecom operators to monetize their advanced services are other drivers that are supposed to contribute towards the market growth.
Strict government regulations faced by telecom companies regarding the use of any discriminatory practices or any unfair policies may create a hindrance for the growth of the market.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the telecom application programming interface market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
Key players in the telecom application programming interface market include Vodafone Group PLC (UK), Twillo Inc. (US), Alcatel-Lucent (France), AT&T Inc. (US), Apigee Corporation (US), Telefonica (Spain) Orange S.A. (France), Verizon Communications (US), Nexma Inc. (US), Fortumo (Estonia), LocationSmart (US), and Aspect Software (US) among other players.
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Further key findings from the report suggest
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For this report, the market has been divided into segments on the basis of type of telecom API, end-user and region:
Type of telecom API (Revenue, USD Million; 2018–2026)
End-User (Revenue, USD Million; 2018–2026)
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Regional Outlook (Revenue, USD Million; 2018–2026)
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