Albany NY , April 05, 2016 (GLOBE NEWSWIRE) -- According to the report’s findings, the market for telecom API will expand at a phenomenal 23.60% CAGR from 2015 to 2022 to be valued at US$323.4 bn by 2022, increasing from its 2014 valuation of US$54.8 bn.
The growth of the telecom API market is attributed to the advantages of telecom API for a few entities that are a part of the telecommunication services pipeline. This includes application developers, service providers, telecom carriers, and aggregators. Telecom API helps application developers merge services for payment, voice, and text messaging, among others.
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Increasing proliferation of mobile internet and smartphones is leading to the increasing demand for mobile applications. Telecom API helps application developers to integrate various API services such as payment, voice, SMS and WebRTC into their mobile applications. This helps the application developers to enhance their customer experience and increase the adoption of their application among telecom end-users. Telecom API also helps telecom carriers to increase the application base in its application store. This factor helps telecom carriers to increase their customer base and retain the existing customers.
The market study delves into constituent API (application programming interface) services provided by service providers, telecom carriers, and aggregators that will collectively influence the development of the telecom API market from 2015 to 2022.
The report analyzes the global telecom API market on the basis of user type, service, and geography. Increasing demand for internet-on-the-go using smartphones and other mobile devices has been favorable for telecom API services pertaining to MMS and RCS, SMS, voice/speech, identity management, maps and location, WebRTC, and others. The increasing use of voice API by enterprise developers has led voice API services to account for the largest global market share in 2014, adds the report.
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This research report provides in-depth analysis of the global telecom API market based on services, user types and geography. In terms of geographical regions, the report categorizes the global telecom API market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into EU7, Commonwealth of Independent States (CIS), and Rest of Europe. Moreover, Asia Pacific is subdivided into Japan, China and Rest of Asia Pacific. Also, MEA is further segmented into Gulf Cooperation Council (GCC) countries, South Africa and Rest of MEA, while Latin America is subdivided into Brazil and Rest of Latin America.
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North America and Europe are expected to exhibit the highest demand for maps and location telecom API services during the forecast period.
The research report mentions and provides the competitive profiling of major companies that operate in the global telecom API market. This includes telecom carriers, service providers, and aggregators. Some of the major telecom carriers that offer telecom API profiled in the report are Orange and AT&T Inc. Among telecom service providers and aggregators, the major companies that operate in the global telecom API market are Apigee Corp. Alcatel-Lucent, Tropo Inc. (Cisco Inc.), Fortumo OU, Comverse Inc., LocationSmart, Twilio Inc., Aepona Ltd., and Nexmo Inc.
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