Global Telecom API Market Industry Analysis And Forecast, 2020 - 2027

21/dic/2020 11:50:59 Grand View Research Contatta l'autore

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The global telecom API market size is expected to reach USD 590.0 billion by 2027 growing at a CAGR of 21.9%, according to a study conducted by Grand View Research, Inc. Increasing demand for mobile phones that include features, such as GPS services, digital wallets, and Near-Field Communication (NFC), is anticipated to drive the market over the forecast period. Application Programming Interface (API) enables developers to create applications that can leverage the capabilities of the aforementioned features and services.

Rising usage of Internet of Things (IoT) in the telecom sector is expected to upkeep the market growth over the forecast period. Telecom companies, such as AT&T, Inc., Orange S.A., and Verizon, are providing their IoT platforms to various sectors, such as retail, manufacturing, utilities, and transportation. For the IoT platform by Orange S.A. named Live Objects, connections are made centrally through APIs or a web-portal. Data management for the company’s IoT platform is done through a software that is capable of collecting and visualizing data through standard APIs.

Web Real-Time Communication (WebRTC) consists of numerous APIs and protocols that operate simultaneously to enable data sharing and peer-to-peer teleconferencing without the need for installing any additional plug-ins. Market is expected to experience significant growth owing to the increasing adoption of WebRTC by various organizations, such as Vodafone Group, Cisco Systems, Inc., and AT&T, Inc. However, stringent government regulations may act as an inhibitor to market growth.

 Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/telecom-api-market

Telecom API Market Report Highlights

·         The messaging API type segment held the largest market share in 2019 and is projected to retain its leading position throughout the forecast period

·         The segment’s share is attributed to the increasing adoption of A2P messaging by organizations from various sectors to promote their products and services

·         The partner developer end-user segment is projected to expand at the fastest CAGR of more than 25% during the forecast period

·         This growth is credited to the increasing number of internet users, which has led to the adoption of Over-The-Top (OTT) media services among organizations

·         Asia Pacific is anticipated to be the fastest-growing regional market in the next seven years due to increasing number of smartphone users in developing countries of APAC

·         Major global companies in this market are AT&T, Inc.; Google LLC; Huawei Technologies Co., Ltd.; and LocationSmart

·         These companies have undertaken business strategies, such as collaborations and M&A, to expand their product portfolio and boost the market position

Telecom API Market Segmentation

Grand View Research has segmented the global telecom API market on the basis of type, end user, and region:

Telecom API Type Outlook (Revenue, USD Billion, 2016 - 2027)

·         Messaging

·         WebRTC

·         Payment

·         IVR

·         Location

·         Others

 

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