Telecom API Platform Market Scope
Telecom API Platform is a platform for developing online apps and services based on existing APIs. It allows you to develop REST APIs and manage the API lifecycle, which includes versioning, documentation, testing, and packaging. It also enables you to develop a full set of API life cycle management tools. An API platform combines the capabilities of numerous APIs. It combines multiple APIs into a single, consolidated interface. An API platform provides a bouquet of improved services based on a collection of linked and complementary APIs in this way. As a result, the likelihood of wider adoption and monetization grows. The growing adoption of smartphones and increasing penetration of internet based services combined with rising popularity of edge computing based solutions has led to the growth of the telecom API platform. North America is globally the largest market at the moment.
The increasing number of telecom operators in the market, along with rising number of smart phone users has led to fierce completion and thus emergence of innovative API solutions in market. API Platform is a way through which telecom companies can forge a way to value addition thus making better profits while offering more features on existing API Infrastructure. This also rises the wide scale adoption chances and thus better monetary returns to the telecom companies. Currently, North America is the leading telecom API Platform market.
Verizon Communications (United States), Huawei Technologies Co. Ltd. (China), AT&T, Inc. (United States), Orange S.A. (France), Cisco Systems Inc. (United States), Vodafone Group PLC (United Kingdom), Nokia Corporation (Finland), Telefonaktiebolaget L M Ericsson (Sweden), Apigee Corporation (United States) and Twilio, 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 Aspect Software (United States), Alcatel-Lucent (France) and Fortumo (Estonia).
Segmentation Overview
The study have segmented the market of Global Telecom API Platform market , by Application (Enterprise Developer, Internal Developer, Partner Developer and Long Tail Developer) and Region with country level break-up.
On the basis of geography, the market of Telecom API Platform 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, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Popularity of Edge Computing Based Solutions
Market Growth Drivers:
Due to Increased Internet Penetration, there is a Growing Need for Advanced Internet-Based Telecom Services and Growing Demand for Micro services
Challenges:
Increasing Number of Players in Market Possess Fierce Competition
Restraints:
High Cost of Deployment is a Major Concern
Opportunities:
Emergence of New Telecom Technology such as 5G along with IoT
Market Leaders and their Expansionary Development Strategies
In 2021, Mobile TeleSystems PJSC (MTS), the largest telecom network operator based in Russia has announced acquisition of Multiregional TransitTelecom OJSC, which is one of the leader in intelligent connectivity solutions for businesses as well as one of the leading telecom network providers. The acquisition was valued at 5 billion Ruble or 68 million USD. The acquisition would help MTS to strengthen its telecom API business as well as CPaaS business.
In 2020, Infobip Ltd., a United Kingdom based global leader in omnichannel engagement solutions has announced a partnership with Span, a Croatia based information technology company specialising in providing professional services specific to information systems. The partnership will allow Span to provide its clients with Infobip’s entire customer engagement. The acquisition will help both Span and Infobip to accelerate the growth of their business.
Key Target Audience
Telecom API Platform Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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 the total available market.