Industry Overview:
The latest report published by IMARC Group, titled, “Telecom API Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on the telecom api market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global telecom API market size reached a value of US$ 242.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 649.6 Billion by 2027, exhibiting a CAGR of 17.77% during 2022-2027.
A telecom application programming interface (API) is a set of communication protocols and tools that help in developing mobile applications. It complements the existing network infrastructures to create vast business opportunities, eliminate the need to develop every feature from scratch, simplify the growth process, etc. A telecom API also enhances internal workflows and improves customer experiences and engagement. Apart from this, it assists in building business-to-business (B2B) offerings and finds various applications across numerous industry verticals.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Telecom API Market Demands:
The increasing number of mobile service subscribers across the globe is primarily driving the telecom API market. Besides this, the escalating digitalization of the telecommunication industry is encouraging companies to adopt new revenue systems, resulting in the employment of APIs to improve the reliability and quality of their mobile communications, open-source technologies, broadband services, etc. This is acting as another significant growth-inducing factor. Moreover, the integration of the Internet of Things (IoT) with telecom APIs to help monetize network traffic and additional connections is further bolstering the market growth. Apart from this, the rising penetration of cloud-based services in the telecom sector is also propelling the product demand. Additionally, the expanding information technology (IT) sector and the emergence of start-ups in the digital transformation space are projected to fuel the telecom API market over the forecasted period.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Alcatel-Lucent S.A. (Nokia Corporation), AT&T Inc., Cisco Systems Inc, Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Infobip Ltd, LocationSmart, Orange S.A., Twilio Inc., Verizon Communications Inc. and Vonage Holdings Corp.
Key Market Segmentation:
Our report has categorized the market based on type, user type, deployment and industry vertical.
Breakup by Type:
- Messaging
- WebRTC
- Payment
- IVR
- Location
- Others
By User Type:
- Enterprise Developers
- Internal Telecom Developers
- Partner Developers
- Long Tail Developers
Breakup by Deployment:
- On-premises
- Cloud-based
- Hybrid
By Industry Vertical:
- BFSI
- Healthcare and Life Sciences
- Telecommunications and ITES
- Government and Public Sector
- Manufacturing, Consumer Goods and Retail
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, User Type, Deployment, Industry Vertical, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Alcatel-Lucent S.A. (Nokia Corporation), AT&T Inc., Cisco Systems Inc, Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Infobip Ltd, LocationSmart, Orange S.A., Twilio Inc., Verizon Communications Inc. and Vonage Holdings Corp. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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