Albany, NY -- (SBWIRE) -- 12/12/2018 -- A recent research report published by Transparency Market Research estimates the global telecom API market to expand robustly at a CAGR of 23.6% during the period between 2015 and 2022. The report, titled "Telecom API Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022", projects the global telecom API market to be worth US$323.44 bn by 2022. The overall market stood at a valuation of US$54.80 bn in 2014.
Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5027
The report states that proliferation of mobile internet and cloud technologies will drive the demand from the global telecom API market. Less time to market, greater quality of service, and cost savings for developers through the use of API are some of the factors significantly contributing towards the growth of the market. Increasing access to 4G LTE network globally will further propel the market growth. However, the report states that over the top (OTT) service providers are seizing revenue and margin of telecom operators, thereby restraining the growth of the overall market. Telecom carrier outlook towards adopting open telecom API is also expected to negatively affect the market. The global telecom API market has a huge opportunity to grow with increasing adoption of machine-to-machine (M2M) devices.
According to service types, the report segments the global telecom API market into SMS, MMS & RCS, payment, voice/speech, maps and location, webRTC, identity management, and others including device information and do not disturb. The demand for SMS, MMS, and voice calling is expected to surge further during the forecast horizon.
On the basis of end-users, the report categorizes the global telecom API market into enterprise developer, partner developer, long tail developer, and internal telecom developer. The overall market was dominated by the enterprise developer segment in 2014. The segment held a share of 34.0% in the market owing to the high revenue generation offered by enterprise developers while integrating telecom API into day-to-day functioning of telecom companies.
The report studies the global telecom API market across five key regions: Asia Pacific, Middle East & Africa, Latin America, North America, and Europe. In 2014, North America dominated the overall market and accounted for 35% of the global telecom API market. North America is one of the matured regions in the overall market owing to increased adoption of smartphones and 4G LTE. The region also boasts of a large community of API-related developers. However, during the forecast horizon, Asia Pacific is expected to be the fastest growing region in the market, expanding at a CAGR of 25.4%. The high growth rate of the regional market can be attributed to the growing adoption of 4G technology, increasing usage of M2M devices, and growing number of unique subscribers.
Get Customize Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=5027
The report profiles some of the prominent players operating in the global telecom API market such as Nexmo Inc., Comverse Inc., Aepona Ltd., Fortumo OU, Twilio Inc., Tropo Inc., LocationSmart, AT&T Inc., Apigee Corp., Orage, and Alcatel-Lucent.