The global Telecom API market is expected to grow at USD ~258 Billion by 2022, at ~18% of CAGR between 2016 and 2022.
Pune, India -- (SBWIRE) -- 01/11/2018 -- Telecom API Global Market - Overview
An API or application programming interface is a set of programming instruction and standards which is used in various application areas for accessing a web based software application. API plays major role in telecom industry and in the last few years, there has been rapid development in the field of communication and the way people connect with each other. The telecom API helps the software developer who is in process of developing any web based software for telecommunication purpose. Telecom API helps to optimize the customer experience and also helps to enhance the experience of mobile application among the end-users. Telecom APIs are majorly used for providing crucial services to their users such as messaging, location and payments. Development in the field of cloud computing and IoT is one of the major factor which is supporting the market of mobile API. APIs also offers several other benefits such as extra functionality to the existing infrastructure, enhancing performance and others.
Also, use of telecom API also offers various advantages to the companies such as low cost and lesser time to market which helps the market growth. Apart from this, telecom API also helps the network providers to determining the location, SCM and SDM. SCM or service configuration management helps the companies to alter the parameters of the services which they offer where SDM helps with the data which is associated with the services. The market is expected to witness rapid demand in the coming years due to the proliferation of 4G technology and development in the field of 5G technology.
Telefonica (Spain), AT&T, Inc. (U.S.), Vodafone Group PLC (U.K.), Alcatel-Lucent (France), Apigee Corporation (U.S.), Orange S.A. (France), Verizon Communications, Inc. (U.S.), Nexmo, Inc. (U.S.), Fortumo (Estonia), LocationSmart (U.S.), Aspect Software (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Telecom API market.
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September, 2017, Vodafone has joined the Open Network Automation Platform (ONAP) Project as a Platinum member, giving credence to the growing software-based effort by providing its perspective as a major global service provider deploying SDN and NFV across its widespread network. Getting Vodafone on board is important as it provides significant recognition for the value of open networking. Vodafone, which has publicly said that SDN and NFV are a major part of their network efforts across its 26-country footprint, will demonstrate the continuing momentum ONAP is achieving and highlights the service provider's ongoing commitment to open standards and open source.
February, 2017, AT&T, Orange, and Colt have teamed up with the MEF and TM Forum to create the first set of application programming interfaces (APIs) for orchestrated Carrier Ethernet services. Set to be released later this year, the initiative uses MEF's LSO (Lifecycle Service Orchestration) framework and TM Forum's Open API framework. All three of the carriers involved in this new effort have been driving adoption of SDN throughout the telecom and IT industries. AT&T and Orange Business Services have been collaborating on developing standardized APIs that will enable SDN architectures from different network service providers to interoperate with each other. Meanwhile, AT&T and Colt held the first successful SDN interoperability trial proving that SDN architectures from different network service providers can interoperate with each other across continents.
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Telecom API Global Market - Segmentation
Segmentation by Type: Presence Detection Data, Location Determination Data, Service Configuration Management (SCM), Subscriber Data Management (SDM)
Segmentation by Service: SMS, MMS, and RCS API, Payment API, Location API
Segmentation by Identity Management: WebRTC, Others
Segmentation by User Type: Enterprise Developer, Internal Telecom Developer, Partner Developer, Long Tail Developer
Telecom API Global Market - Regional Analysis
Telecom API Market is expected to grow with the positive growth rate during the forecast period. The market is being dominated by North America owing to the factors such as rich presence of the technology company in the region and high development in the field of technology in the last few years. Also, North America is also one of the technologically advanced region which gives a competitive advantage to the region over other countries. Asia pacific region has emerged as one of the fastest growing market. The market is majorly driven by the advancement in Asian countries- China, India, Japan and South Korea. In the recent news, an Indian player Reliance group have revolutionized the Indian telecom market by offering low cost 4G services. Now the move is being widely adopted by the global players in other regions. The Asian market is also witnessing rapid proliferation of internet users in the last few years as the more people from the region own a smartphone and are using internet on the smartphone.
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