Telecom API

Telecom API

Global Telecom API Market to Reach $480.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Telecom API estimated at US$170.3 Billion in the year 2020, is projected to reach a revised size of US$480.6 Billion by 2027, growing at a CAGR of 16% over the analysis period 2020-2027. SMS, MMS & RCS, one of the segments analyzed in the report, is projected to record a 17% CAGR and reach US$169.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the IVR/Voice Store & Voice Control segment is readjusted to a revised 15.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $53.3 Billion, While China is Forecast to Grow at 19.5% CAGR

The Telecom API market in the U.S. is estimated at US$53.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$65.8 Billion by the year 2027 trailing a CAGR of 19.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 15% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$53.1 Billion by the year 2027.

Payment Segment to Record 14.8% CAGR

In the global Payment segment, USA, Canada, Japan, China and Europe will drive the 14.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$20.1 Billion in the year 2020 will reach a projected size of US$51.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 15.8% CAGR through the analysis period.

Select Competitors (Total 130 Featured) -

• ALE International SAS
• APIFONICA
• Apigee Corporation
• Aspect Software, Inc.
• AT&T, Inc.
• BICS
• Cisco Systems, Inc.
• Fortumo
• Google LLC
• hSenid Mobile Solutions
• Huawei Technologies Co., Ltd.
• Infobip Ltd.
• LocationSmart®
• Mavenir
• MessageBird
• MuleSoft, LLC
• Nokia Corporation
• Oracle Corporation
• Orange S.A.
• RapidAPI
• Ribbon Communications Operating Company, Inc.
• Syniverse Technologies LLC
• Telstra Corporation Limited
• Twilio
• tyntec Group Limited
• Verizon Communication, Inc.
• Vidyo, Inc.
• Vonage

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