Telecom API Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022
Albany, NY -- (SBWIRE) -- 07/07/2015 -- According to a new market report published by Transparency Market Research "Telecom API Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022", the global telecom API market is expected to reach a value of US$ 323.44 Bn by 2022. The market is estimated to grow at a CAGR of 23.6% during the forecast period from 2015 to 2022.
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The increase in adoption of smartphones, 4G LTE network and mobile internet is boosting the use of mobile applications among end-users. This, in turn, is driving the demand for telecom API among application developers. Further, telecom API can enable telecom carriers to generate additional revenue and compete against Over-The-Top (OTT) developers. Telecom API helps telecom carriers to increase the adoption rate of their services including voice, SMS, and MMS.
North America was the largest market for telecom API in the year 2014, accounting for a market share of around 35%. North America is a mature market in terms of adoption of telecom API services due to high smartphone penetration, 4G LTE adoption and large pool of developer base. Asia Pacific is expected to be the fastest growing market for telecom API with an estimated CAGR of 25.4% during the forecast period (2015 – 2022). Due to rapid adoption of 4G LTE, M2M devices and large unique subscriber base, the telecom API market in Asia Pacific is expected to increase at a faster rate during the coming years.
Among the service types, voice API held the largest share of around 28% in 2014. Majority of application developers are using voice API service to enhance their customers' experience while using mobile applications. However, during the coming years, the adoption of WebRTC API service is expected to grow significantly among the application developers due to its cost effectiveness as compared to traditional voice services. The WebRTC API is expected to grow at a faster rate with a CAGR of 27.7% during the forecast period from 2015 to 2022. The SMS, MMS and RCS, and payment API services are also expected to grow at a significant rate due to the increasing adoption in developing countries. Asia Pacific and MEA are expected to find increasing demand for WebRTC, and payment API services during the coming years. Maps and location API services are increasingly finding adoption in North America and Europe due to increasing integration of M2M devices with mobile applications.
Enterprise developer was the largest end user segment of the telecom API market, accounting for approximately 34% of the total market in 2014. Enterprise developers contribute more revenue to telecom API market by integrating API service in their daily process. Telecom API can help enterprises in achieving significant reduction in cost of marketing and connecting with their customers. Telecom carriers are forming partnerships with startup companies in order to increase their market share in telecom sector. However, in the coming years, the telecom API market for long tail developers is expected to show fastest growth at a CAGR of 25.9% during the forecast period. Telecom carrier, aggregators and service providers are realizing the benefits of having huge long tail developer base and thereby expanding their developer base.
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During the recent years, the role of aggregators and service providers have become prominent in providing telecom API services to telecom carriers and application developers. Fortumo OU, Alcatel Lucent, Nexmo, Inc., Tropo, Inc., Twilio, Inc., Apigee, Corp. and LocationSmart are major players in providing different APIs and API platform to telecom carriers and application developers. The market is experiencing major merger and acquisition activities. In May 2015, Cisco System, Inc. announced the acquisition of Tropo, Inc. to expand its business in telecom API market.
The telecom API market is segmented as below:
Telecom API Market
By Service Type
SMS, MMS and RCS
Maps and Location
Others (Device Information and Do Not Disturb)
By User Type
Internal Telecom Developer
Long Tail Developer
Middle East and Africa
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