• Blog
  • Telecom API Market Growth & Trends | 2023-2028

    Telecom API Market Growth & Trends | 2023-2028

    Telecom API Market Growth & Trends | 2023-2028
    Report code - SR1845 Delivery - 2 Weeks
    Telecom API Market Size, Share, Trend, Forecast, & Industry Analysis: 2023-2028
    See more...

    Market Insights

    The telecom API market was projected to grow from USD 176.86 billion in 2022 to USD 534.67 billion by 2028 at a CAGR of 20% during the forecast period.

    Telecom API Market Size

    Wish to get a Free Sample? Register Here.

    What is telecom API?

    A telecom application programming interface (API) is a set of standards and frameworks for programming used to authenticate web-based applications. It forms the interface between the resources and applications in the device. With the help of standard-based interfaces, direct access to telecommunications resources and developers get totally different access to programmable call & messaging resources.

    Telecom API Market Report Overview

    Market Size in 2028

    USD 534.67 billion

    Market Size in 2022

    USD 176.86 billion

    Market Growth (2023-2028)

    CAGR of 20%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    COVID-19 Impact Analysis

    The COVID-19 pandemic has positively influenced the telecom API sector. The telecom API vendors have been creating solutions that can cope with the situation for better accessibility. The video API solution witnessed high demand, as the requirement for remote work, telehealth, and online education has been increasing during the public health crisis, further augmenting the market growth.

    Key Players

    The following are some of the key players operating in the market-

    • AT&T Inc. (US)
    • Twilio Inc., Infobip Ltd (UK)
    • Telefónica SA (Spain)
    • Nokia Corporation (Finland)
    • Verizon Communications Inc., Vodafone Group PLC (UK)
    • Google LLC (Apigee Corporation)
    • Nexmo (Vonage Holdings Corp.) (US)
    • Fortumo OU (Estonia)

    June 2022 - Twilio, a customer engagement platform that delivers real-time, personalized experiences for key brands, has announced its official entry into the Canadian market.

    July 2022 - AT&T and McDonald's USA will partner to bring AT&T Business Fiber high-speed fiber to more than 750 McDonald's restaurants across the United States. AT&T's symmetric broadband fiber optic network connectivity will enable these restaurants to enhance the customer experience of today while opening the door to new technologies for years to come.

    July 2022 - Verizon has begun rolling out 100MHz C-band spectrum in many markets in the United States, a significant increase from the 60MHz previously deployed in 5G markets.

    Market Dynamics

    The market is driven by a host of factors, some of which are noted below:

    • Growing machine-to-machine devices around the world and monetization of telecom operator’s service.
    • Developments in telecom API user experience.
    • Integration of usage with telecom service required developers to make use of VoIP protocols which includes SS7 and SIP, as VoIP has reached its maturity, which augments its usage in telecom services.
    • The cloud middleware and API market is growing rapidly with the widespread adoption of mobile and cloud applications for backend services and widespread enterprise adoption of microservice-based architectures.
    • The telecommunications industry is undergoing a dramatic shift from physical to digital networks. The telecom industry is a large group of consumers who should be offered a wide range of services regardless of their devices and location.
    • The growing popularity of the Internet of Things (IoT) in the telecom industry is expected to support market growth over the forecast period.

    Telecom API Market Snapshot

    ·         To get the full scope of the report, Register Here.

     

    Here are some of the key trends that are shaping the telecom API market:

    The need for innovation
    Telecom companies are under pressure to innovate and provide new services to their customers to stay competitive. Telecom APIs are a key enabler of innovation, as they allow businesses to integrate telecom capabilities quickly and easily into their applications.

    The adoption of cloud computing
    Cloud computing is making it easier for businesses to develop and deploy telecom API-based applications. Cloud-based APIs are typically more scalable and easier to manage than on-premises APIs.

    The growth of the IoT
    The IoT is connecting billions of devices to the internet, creating a massive demand for data. Telecom APIs are being used to collect and analyze IoT data, which can be used to improve efficiency, reduce costs, and create new business opportunities.

    The development of new technologies
    New technologies, such as 5G and AI, are opening new possibilities for telecom APIs. 5G will enable faster and more reliable data transmission, while AI can be used to personalize and improve telecom API-based services.

    These trends are creating a dynamic and rapidly growing market for telecom APIs. Businesses that can harness the power of telecom APIs will be well-positioned to succeed in the digital age.

    Segment Analysis

    Service Trends

    The market has been classified into messaging API, IVR/voice store and voice control API, payment API, WebRTC (Real-Time Connection) API, location and map API, subscriber identity management and SSO API, and Others. Under these, the payment API segment held a significant market share in 2022 & is expected to maintain its dominance during the forecast period. 

    Digital payments are the mainstream for a wide range of industries, which includes BFSI, retail, education, manufacturing, and hospitality, thereby boosting segment growth in the coming years.

    End-Use Trends

    The market has been classified into enterprise developer, internal telecom developer, partner developer, and long tail developer. The enterprise developer dominated the market share in 2022 & is expected to grow at a robust CAGR during the forecast period.

    Due to the high rate of penetration and adoption by large corporations. In large organizations, A2P messages are mainly used to announce offers, promotional activities, and corporate policy changes, among others. The organizations spreading these messages are most likely using bulk transmission tools and software driving the market growth.

    Regional Trends

    The Asia Pacific held a significant market share in 2022 and is projected to grow at a robust CAGR in the coming years. India is one of the fastest digitizing countries across the globe which is mainly driven by an explosion in mobile connectivity, the permeation of internet infrastructure nationwide, the introduction of start-ups in the digital transformation space, and the exponential growth of data consumption.

    Telecom API Market By Region

    Want to know which region offers the best growth opportunities, Register Here.

    This is creating new livelihoods, services, and wealth for millions of Indians, which further bolsters the regional market growth during the review period.

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories. 

    By Service

    • Messaging API
    • IVR/Voice Store and Voice Control API
    • Payment API
    • WebRTC (Real-Time Connection) API
    • Location and Map API
    • Subscriber Identity Management and SSO API

    By Deployment

    • Hybrid
    • Multi-cloud

    By End-Use

    • Enterprise Developer
    • Internal Telecom Developer
    • Partner Developer
    • Long Tail Developer

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth analysis of the telecom API market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Target Audience

    The target audience of the market includes-

    • Telecom API companies
    • Telecom API distributors
    • Telecom companies
    • Government organizations

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Recent Developments

    On Feb 2023, The GSMA launched "the GSMA Open Gateway," which includes eight APIs throughout the telecom API market with the objective of providing universal access to the telecom industry. The eight APIs include SIM swap, Quality on Demand (QOD), device status, number verification, edge selection and routing, carrier billing, etc.

    April 2023, MTN Uganda has introduced a new MTN 'API as a Service' that will initially launch with four distinct APIs, with more to be added in the future. This is a product that allows third parties to utilize its proprietary software platform and provide value-added services to drive digital transformation and innovation.

    Frequently Asked Questions (FAQs)

    A telecom application programming interface (API) is referred to as a set of standards and frameworks for programming which is used to authenticate web-based applications. It forms the interface between the resources and application in the device. With the help of standard-based interfaces, a direct access to telecommunications resources and developers get a totally different access to programmable call & messaging resources.

    The market was projected to grow from USD 176.86 billion in 2022 to USD 534.67 billion by 2028.

    The market is projected to grow at a CAGR of 20% during the forecast period.

    The study period of this market report is 2017-2028.

    The key players operating in the market are AT&T Inc. (US), Telefnica SA (Spain), Twilio Inc., Infobip Ltd (UK), Nokia Corporation (Finland), Verizon Communications Inc., Vodafone Group PLC (UK), Google LLC (Apigee Corporation), Nexmo (Vonage Holdings Corp.) (US), and Fortumo OU (Estonia).

    The target audience of the market includes Telecom API companies, Telecom API distributors, Telecom companies, Government organizations.

    Asia Pacific held a significant market share in 2022 and is projected to grow at a robust CAGR in the coming years.

    Growing machine to machine devices around the world and monetization of telecom operators service are augmenting the market growth.