Telecom API Market Reflecting a CAGR of 22.0 % by 2021 End
Deerfield Beach, FL -- (SBWIRE) -- 11/01/2017 -- The report covers forecast and analysis for the telecom API market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based revenue (USD Million). The study includes drivers and restraints for the telecom API market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the telecom API market on a global level.
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According to the report, the global telecom API market was valued at approximately USD 54.5 billion in 2015 and is expected to reach approximately USD 310.0 billion by 2021, growing at a CAGR of around 22.0 % between 2016 and 2021. Zion Market Research has published a new report titled "Telecom API (SMS, MMS & RCS, Payment, Voice/Speech, Maps & Location, Identity Management, Web-RTC and Others) Market For Internal Telecom Developer, Enterprise Developer and Partner Developer Users: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021"
In order to give the users of this report a comprehensive view on the telecom API. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the telecom API market has also been included. The study encompasses a market attractiveness analysis, wherein service segments and user segments are benchmarked based on their market size, growth rate, and general attractiveness.
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Based on different services provided by telecom API, this market is segmented into SMS, MMS & RCS, maps & location, voice/speech, identity management, web-RTC and others. The voice/speech service held the majority share in 2015 in terms of revenue. This growth is mainly attributed to increasing use of voice API by partner and enterprise developers. Payment is another leading segment and expected to experience significant growth within the forecast period. This is mainly due to increasing use of mobile payment applications in the different region.
Enterprise developer, internal telecom developer, long tail developer, and partner developer are the key users include in telecom API market. The enterprise developer dominated the telecom API market and it accounted for almost 30.5% share of the total market in 2015. This was mainly due to strong revenue generation offered by enterprise developers while integrating telecom API. Long tail developer expected experience robust growth during the forecast period. Partner developer is another key outlet for telecom API.
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By geography, North America was the largest market of telecom API in the world due to the wide adoption of smartphone and advancement in technology. In terms of revenue, North America accounted for over 34.0% share of total telecom API market in 2015. Moreover, telecom API market has the huge opportunity in the emerging markets of Asia Pacific due to increasing demand for payment API services in this region.
Some of the leading players include in global telecom API markets such as Twilio Inc., Tropo Inc., Location Smart, AT&T Inc., Apigee Corp.,Nexmo Inc., Comverse Inc., Aepona Ltd., Fortumo OU, Orage, and Alcatel-Luce.