Telecom Application Programming Interface (API) Market Scope
The global Telecom Application Programming Interface (API) market is expected to witness high demand in the forecasted period due to recent developments and alterations in the IT sector are complimenting the telecom infrastructure with digital enhancements. The Telecom Application Program Interface (API) allows a third-party company to access data/information from telecom network operators for application support and delivery of value-added services (VAS). The revenue of a telecom API provider is increased by sharing the APIs with OTT providers so that they may charge users for extra bandwidth, by providing developers with extensive and accurate data, and by sharing the API internally with programmers to develop better operation solutions. Due to the expansion of cloud technologies and mobile internet, telecom carriers are projected to embrace more telecom API.
The Telecom Application Programming Interface (API) market study is segmented by Type (Identity Management, Maps & Location, Payment, Voice/Speech and SMS, MMS & RCS) and major geographies with country level break-up.
Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Telecom Application Programming Interface (API) market throughout the predicted period.
Vodafone Group PLC (United Kingdom), AT&T, Inc. (United States), Telefonica (Spain), Apigee Corporation (United States), Twilio, Inc. (United States), Alcatel-Lucent (France), Orange S.A. (France), Verizon Communications, Inc.(United States), Xura, Inc. (United States) and Nexmo, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Tropo, Inc. (United States), Aspect Software (United States), Fortumo (Estonia) and LocationSmart (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Telecom Application Programming Interface (API) market by Type, Application and Region.
On the basis of geography, the market of Telecom Application Programming Interface (API) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 14th June 2021, Vodafone has unveiled its strategic vendors – Dell, NEC, Samsung Electronics, Wind River, Capgemini Engineering, and Keysight Technologies – to jointly deliver the first commercial deployment of Open Radio Access Network (RAN) in Europe. The company believes the move will spark other large-scale Open RAN launches and spearhead the next wave of digital transformation across Europe.
December 2, 2020, OIF has announced the completion of its multi-vendor 2020 Transport SDN Application Programming Interface (API) Interoperability Demonstration. To validate the benefits of transport SDN worldwide and transport network transformation for the 5G era, OIF members participated in a ten-week-long interoperability testing exercise in Telefonica’s Madrid lab. and On 18th March 2019, AT&T is giving businesses additional customer service options with Application Programming Interfaces (APIs). The new AT&T API Marketplace provides businesses pre-packaged software code to embed in their websites and applications, enabling simpler, faster, and more efficient ways to communicate with customers in near real-time.
Market Trend
- Upsurging Demand for Advanced Telecom Services
- High Adoption of M2M Device among End-User
Market Drivers
- Improving Telecom User Experience
- Moderation of Telecom Network Services
Opportunities
- High Demand for Start-ups in Emerging Markets
- The Rising Adoption of IoT
Restraints
- Government Regulation Policies Regarding Telecom Industry
- The Concern Regarding Carrier Product Offerings
Challenges
- Security Concern In Opening Operator API's
- Rising Competition From the OTT Service Provider
Analyst View
The global telecom API market is expected to grow at a staggering CAGR of ~20.1% during the forecast period. The expansion of cloud technologies and mobile Internet, high adoption of location and mapping API, and increased emphasis on the creation of API to enable the integration of services across the programmes used by developers are all driving market growth. Because of the rapid adoption of new technologies and the large concentration of tier 1 market players, North America will be at the forefront of the development of new telecom API and will likely present significant prospects.
Key Target Audience
API aggregators, Mobile network carriers, Telecom managed service providers, Mobile device manufactures and Enterprises/Small and Medium Enterprises (SMEs)