Industry Background:
Rapid innovation in technology along with the increasing penetration of cloud-based services is helping to trigger the global Telecom API market in the forecasted period. Telecom API is a set of standards and frameworks for programming which is used to authenticate a web-based application. It is also used in cloud applications connected to web applications and telecommunications such as payments, messaging, WebRTC, Recognition management, place sharing, and others. Recent developments in the IT and Telecom sectors along with digital enhancements will help to boost market demand. Also, the mounting demand for online amusement and better mobile application, increased penetration of IoT devices, switching of the consumers to 4G networks, efforts towards making improved APIs for better user experience and the growing need by the telecom operators to monetize their advanced services are some of the professional services that are supposed to drive towards the market growth.
According to AMA, the market for Telecom API is expected to register a CAGR of 22.7% during the forecast period to 2026. This growth is primarily driven by Increasing Demand M2M Devices among End-Users, Upsurging Demand due to Cloud-based Techniques and Improving Telecom API User Experience.
Globally, a noticeable market trend is evident High Adoption due to Advanced Telecom Services over the Internet
. The Telecom Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Vodafone Group PLC (United Kingdom), Twilio, Inc. (United States), Alcatel-Lucent (Boulogne-Billancourt, France), AT&T, Inc. (United States), Telefonica (Spain), Apigee Corporation (United States), Orange S.A. (France), Verizon Communications, Inc. (United States), Xura, Inc (United States), Nexmo, Inc. (United States) and Fortumo (Estonia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 10th July 2019, Twilio, the leading cloud communications platform, today introduced new Automation and Email Testing features within Twilio SendGrid Marketing Campaigns, providing customers with confidence, scalability, and streamlined personalization to optimize email campaigns.
On 24th June 2019, AT&T* and Colt Technology Services* completed the first successful application of MEF’s LSO (Lifecycle Service Orchestration) Sonata APIs, allowing business customers to order services across multiple carriers virtually seamlessly.
Market Drivers
- Increasing Demand M2M Devices among End-Users
- Upsurging Demand due to Cloud-based Techniques
- Improving Telecom API User Experience
Market Trend
- High Adoption due to Advanced Telecom Services over the Internet
- Increasing Request for Open Source API Platforms
- Monetization of Telecom Operator Service
Restraints
- Government Regulations and Policies Associated with Telecom Sectors
- Increasing Number of OTT service Providers
Opportunities
Increasing Adoption of Internet of Things and High Adoption from Startups Of Emerging Markets
Challenges
The Increasing Security Concern Related to Opening Operator APIs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Telecom API Study Sheds Light on
The Telecom API Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Telecom API industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Telecom API industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.