Global Telecom Application Programming Interface (API) Market 2020-2024

Global Telecom Application Programming Interface Market 2020-2024

Technavio has been monitoring the telecom application programming interface market and it is poised to grow by $ 2.24 bn during 2020-2024 progressing at a CAGR of 26% during the forecast period. Our reports on telecom application programming interface market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the expansion in enterprise business models, adoption of diverse types of telecom API in emerging market, and enhanced business value of APIs and end-to-end visibility. In addition, expansion in enterprise business models is anticipated to boost the growth of the market as well.

The telecom application programming interface market analysis includes service segment and geographical landscapes

Technavio's telecom application programming interface market is segmented as below:

By Service

• SMR
• Payment
• Maps and location
• VS
• Identity management

By Geographical Landscapes

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the development of telecom API-fication as one of the prime reasons driving the telecom application programming interface market growth during the next few years. Also, driving innovation in digital era and rapid growth of internet-connected devices will lead to sizable demand in the market.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our telecom application programming interface market covers the following areas:

• Telecom application programming interface market sizing
• Telecom application programming interface market forecast
• Telecom application programming interface market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading telecom application programming interface market vendors that include AT&T Inc., Fortumo OU, Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Oracle Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Verizon Communications Inc., Vonage Holdings Corp., and ZTE Corp.. Also, the telecom application programming interface market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.