Telecom API Market: Introduction
The global telecom
API market is anticipated to reach ~US$ 1 Trn by 2030.
The telecom API market is projected to expand at a CAGR of ~19% from 2020 to 2030 based
on revenue. According to the report, North America was a significant
contributor to the telecom API market in terms of revenue in 2019. The
prominent market share of the region is due to the high adoption of telecom
APIs, and increasing adoption of 5G, especially in the U.S. and Canada. The
telecom API market in Asia Pacific is expected to expand at a high CAGR during
the forecast period.
Expansion of Mobile Internet Networks and Advent of
5G Driving Telecom API Market
Advent of 5G technologies is expected to boost the telecom
API market during the forecast period. According to GSMA, 5G connections are
expected to reach 1.8 billion by 2025. As per the
TMR analysis, at present, mobile 5G is available from 46 operators in 24
markets across the globe. Additionally, around 79 operators across the globe
are planning to launch 5G mobile services during the forecast period. The
increasing adoption of mobile internet and cloud computing is expected to boost
the use of mobile applications in the coming years.
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According to the Cisco Visual Networking Index 2017-2022 report,
the monthly global mobile data traffic is expected to rise at a CAGR of
around 46% from 2017 to 2022 and
is anticipated to surpass 77.5 Exabytes by 2022. Voice
over Internet Protocol (VoIP) and mobile video streaming are expected to
contribute majority of mobile data traffic. According GSMA Intelligence, unique
mobile subscribers are expected to reach 5.8 billion by 2025 from 5.2
billion in 2019, at a CAGR of 1.9%. Mobile
Internet users are expected to reach 5 billion by 2025,
from 3.8 billion in 2019, at a CAGR of 4.6%. Sim
connections are projected to reach 8.8 billion by 2025 from 8.0
billion in 2019.
Telecom API: Market Segmentation
The global telecom API market has been segmented in terms of
service type, end user, and region. Based on service type, the telecom API
market has been classified into payment, SMS, MMS, and RCS, maps and location,
voice/speech, identity management, WebRTC, and others (device information, Do
not Disturb, etc.). The WebRTC segment dominated the global telecom API market
in 2019 and is expected to maintain its dominance during the forecast period.
Based on end user, the telecom API market has been categorized into enterprise
developer, internal telecom developer, partner developer, and long tail
developer. The enterprise developer segment is likely to account for leading
share in the global telecom API market. The segment is expected to continue its
dominance in the coming years.
Telecom API Market: Regional Outlook
In terms of region, the global telecom API market has been
segmented into North America, Europe, Asia Pacific, Middle East & Africa,
and South America. North America is expected to dominate the telecom API market
during the forecast period. The U.S. is expected to lead the North America
telecom API market. The U.S. market is at the forefront in terms of adoption of
5G networks by telecom carriers. According to GSMA Intelligence, the
penetration of 5G connections in North America is expected to reach 48% of
the total connections by the end of 2025. The telecom API
market in Asia Pacific is expected to expand at a high CAGR during the forecast
period. The market in Middle East & Africa and South America is also
projected to expand moderately over the forecast period.
The report provides in-depth segment analysis of the global
telecom API market, thereby providing valuable insights at macro as well as
micro levels. In-depth geographic analysis has also been included as part of
the telecom API market.
Telecom API Market: Competition Dynamics
The research study includes profiles of leading companies
operating in the global telecom API market. Key players profiled in the report
include AT&T, Inc., Cisco Systems, Inc., Orange S.A., Verizon
Communications Inc., Google, LLC, Fortumo OU, Huawei Technologies Co., Ltd.,
LocationSmart, and Twilio, Inc.
Global Telecom API Market: Segmentation
Telecom API Market, by Service Type
- Payment
- SMS,
MMS, and RCS
- Maps
& Location
- Voice/Speech
- Identity
Management
- WebRTC
- Others
(Device information, Do Not Disturb, etc.)
Telecom API Market, by End User
- Enterprise
Developer
- Internal
Telecom Developer
- Partner
Developer
- Long
Tail Developer
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Telecom API Market, by Region
- North
America
- Europe
- Asia
Pacific
- Middle
East & Africa
- South
America
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