Global telecom API market is expected to reach USD 218.84 billion by 2022, growing at a CAGR of 22% between 2017 and 2022.
Telecom API market report offers forecast and analysis for the market on a global and regional level. The study provides historic data of 2016 along with a forecast for 2017 to 2022 based revenue (USD Million). The study includes drivers and restraints for the predictive analytics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the predictive analytics market on a global level.
To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Telecom API market has also been incorporated. The study covers market attractiveness analysis, where application and product segments are analyzed on the basis of their market size, growth rate, and attractiveness.
The study provides a decisive view on the Telecom API market by segmenting the market based on product, region, and application. All the segments have been assessed depending on current and future trends and the market is analyzed for period 2016 to 2022. This report analyzes current and future demand of Telecom API for different regions including North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. This report segments market into prominent countries such as France, UK, U.S., Germany, China, Japan, India, and Brazil.
The report covers thorough competitive viewpoint including company profiles of the key participants operating in the global market. Key players profiled in the report include Tropo Inc., Fortumo OU., Nexmo Inc., Comverse Inc, Twilio Inc., LocationSmart, AT&T Inc., Apigee Corp., Orage, and Alcatel-Lucent and Aepona Ltd.
This report segments global telecom API market as follows:
Global Telecom API Market: Services Segment Analysis
Global Telecom API Market: User Segment Analysis
Global Telecom API Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Telecom API market. Zion Research has collected and analyzed key data belong to the global Telecom API market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Telecom API across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Telecom API industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases, and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Telecom API market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
An application programming interface (API) is a set of programming instructions & standards for accessing a web-based software application. A software company releases its API to the public so that other software developers can design the product that is powered by its service. For many enterprises, service providers, retailers, and web-based merchants APIs are becoming the essential part of a business for generating revenue through collaboration with external partners. Telecom API allows applications to handle & monitor functions between a computer and network for data and fax. APIs are implemented by function calls in the program, which gives the connection to the required subroutine for execution.
Increasing use of mobile internet and adoption of new technology is driving the demand of global telecom API market. In addition, high competition and need to provide high-quality service at low cost are pushing industries towards telecom. The telecom application programming interface market is driven by rising accessibility 4G LTE coupled with several recent trends in the telecom market. Technology is projected to play a key role in the growth of the telecom API market in the upcoming years. APIs offers many data plans and innovative services that suit different subscribers. Telecom APIs provide access to reporting and billing facilities. The access gained with the API improves performance and customer satisfaction, and most importantly, gets the creative OTT (over-the-top) providers working with legacy operators.
Telecom API market is segmented on the basis of service, end user, and regions. Service segment includes SMS, MMS & RCS, maps & location, voice/speech, identity management, web-RTC and others. The voice/speech segment dominated the market with the largest share of the total market in 2016. This is mainly due to the tremendous use of voice API in the mobile application. Payments segment also accounted for significant share due to the increasing demand for payment API from developing regions. SMS, MMS & RCS and web-RTC are expected to exhibit significant growth during the forecast period.
User segment includes. The enterprise developer dominated the market and it has accounted 32% share of the total market in 2016. This is due to high revenue generation offered by enterprise developers while integrating telecom API into the specific functioning of telecom firms. Long tail developers are also anticipated to experience robust growth during the upcoming period.
North America was the largest market for telecom API in the world due to the wide adoption of smartphone and latest technology. In terms of revenue, North America accounted for over 36.0% share of total telecom API market in 2016. Telecom API market has the huge opportunity in Asia Pacific due to increasing demand for payment API services in this region.
Some of the prominent players operating in the global telecom API market are Tropo Inc., Fortumo OU., Nexmo Inc., Comverse Inc, Twilio Inc., LocationSmart, AT&T Inc., Apigee Corp., Orage, and Alcatel-Lucent, and Aepona Ltd.