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    Telecom Api Market Report

    Telecom Api Market Report
    Report code - SR1845 Delivery - 2 Weeks
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    Telecom API Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2026
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    Market Insights

    The Telecom API market is projected to grow from USD 196.2 billion in 2020 to USD 514.4 billion by 2026 at a CAGR of over 17.8% during the forecast period.

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the telecom API market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.

    Telecom API Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2022-2026

    Estimated year

    2021

    Market Size in 2020

    USD 196.2 billion

    Market Size in 2026

    USD 514.4 billion

    Market Growth (2021-2026)

    17.8% CAGR

     

    Figure: Telecom API Market Size, 2020-2026 (USD Billion)

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    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.

    Key Players

    The key players operating in the telecom API market are-

    • AT&T Inc. (US)
    • Telefónica 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)
    • Fortumo OU (Estonia)

    Market Dynamics

    Growing machine to machine devices around the world and monetization of telecom operator’s service are augmenting the market growth. Moreover, 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 to its maturity, which augments its usage in telecom services, further bolstering the industry growth.

    Segments Analysis

    Service Trends

    Based on service, the telecom API 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 2020. Digital payments is the mainstream for a wide range of industries, which includes BFSI, retail, education, manufacturing, and hospitality, thereby boosts the segment growth in the coming years.

    Regional Trends

    By region, the Asia Pacific market held a significant market share in 2020 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, introduction of start-ups in the digital transformation space, and exponential growth of data consumption. This is creating new livelihoods, services and wealth for millions of Indians, which further bolsters the regional market growth during the review period.

    COVID-19 Impact on Telecom API Market

    The COVID-19 pandemic has positively influenced the telecom API sector. The telecom API vendors have been creating solutions which can cope up 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 augments the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the Telecom API 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 Telecom API market?
    • What are the key strategies adopted by the major vendors to lead in the Telecom API market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Telecom API Market includes-

    • Telecom API companies
    • Telecom API distributors
    • Telecom companies
    • Government organizations
    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The Telecom API market is projected to grow from USD 196.2 billion in 2020 to USD 514.4 billion by 2026 at a CAGR of over 17.8% during the forecast period.

    The key players operating in the telecom API 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 Telecom API Market includes Telecom API companies, Telecom API distributors, Telecom companies, Government organizations.

    By region, the Asia Pacific market held a significant market share in 2020 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.