A new report by Transparency Market Research (TMR) identifies the global telecom APIs market as a moderately fragmented market with a large pool of API management service providers and aggregators already providing their APIs to a number of telecom carriers.
Of late, a trend of telecom carriers partnering with API management service providers in order to introduce their own APIs has been observed in the global market. The trend looks undying in the near future, which indicates towards a heightened competition among market players over the forthcoming years. Apigee Corp., Twilio Inc., and Fortumo OU are some of the prominent telecom API management service providers across the world, reports the study.
The report expects the worldwide market for telecom API to expand at a healthy CAGR of 23.60% during the period from 2015 to 2022 and progress from an opportunity worth US$73.4 bn in 2015 to US$323.4 bn by the end of the forecast period. Voice/speech services have been witnessing a higher demand than other services in this market. Analysts predict the trend to remain so with the voice/speech services segment reaching US$89.01 bn by 2022 in terms of revenue.
Increasing Base of Mobile Internet Subscribers to Ensure Strong Demand for Telecom API Services in North America
With a large pool of enterprise as well as long tail developers, North America has been leading the demand for telecom API across the world. The trend is likely to continue in the near future due to the increasing base of mobile Internet subscribers and the rising penetration of 4G LTE networks in this region. By the end of the forecast period, North America is estimated to become a US$113.5 bn market for telecom API.
Other regional markets are also projected to witness a steady rise in the demand for telecom API services in the forthcoming years. Asia Pacific, specifically, is estimated to expand at a sturdy growth rate on account of the boom in the IT industry. The region is also projected to gain significantly from the substantial increase in the number of unique subscribers over the next few years, notes the study.
Increasing Proliferation of Cloud Technologies to Fuel Demand for Telecom API Management Services
The global demand for telecom API is being highly influenced by the increasing proliferation of mobile Internet and cloud technologies across the world. “Of late, cloud computing technologies have been advancing remarkably. Together with the considerable rise in the user base of mobile Internet, the wide range of cloud platforms is likely to present an opportunity-rich market for telecom API management service providers over the forthcoming years,” says an analyst at TMR.
Apart from this, the usage of telecom APIs will also be impacted by the substantial surge in the adoption of cloud technologies in new and upcoming apps due to the assistance they provide in managing data transfer more efficiently.
Rising Number of OTT Internet Service Providers to Limit Adoption of Telecom APIs
While the global market for telecom API looks thriving currently, the rising number of over the top (OTT) Internet service providers is expected to limit the demand for telecom API services in the coming years.
The hesitation among telecom carrier service providers towards adopting open telecom API is also anticipated to act as a restraining factor in the market’s growth over the next few years, states the research report.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Telecom API Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022.”
The global telecom API market is segmented into:
By Service Type
- SMS, MMS and RCS
- Maps and Location
- Identity Management
- Others (Device Information and Do Not Distrub)
By End User
- Enterprise Developer
- Internal Telecom Developer
- Partner Developer
- Long Tail Developer
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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