Telecom API Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global telecom API market size reached US$ 285.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 750.3 Billion by 2028, exhibiting a growth rate (CAGR) of 17.46% during 2022-2028.
A telecom application programming interface (API) refers to a set of communication protocols and tools that assist in developing mobile applications. It capitalizes on the existing network infrastructure to create a vast array of business opportunities, simplify the development process, and eliminate the need to develop every feature from scratch. It also improves internal workflows and enhances customer experiences and engagement. Apart from this, as it aids in building business-to-business (B2B) offerings, it finds extensive applications in various industry verticals across the globe.
Telecom API Market Trends:
There is currently a rise in the number of mobile service subscribers around the world. This represents one of the key factors propelling the growth of the market. Telecom APIs are widely utilized in all mobile applications and services, including messaging, voice and video calling, mobile payments, and location tracking. Besides this, the growing digitization of the telecommunication industry has propelled companies worldwide to develop new revenue systems. As a result, telecom carriers are employing APIs to improve the quality and reliability of their mobile communications, broadband services, and open-source technologies. Furthermore, several key players are introducing numerous advancements by integrating the Internet of Things (IoT) with telecom APIs to help monetize additional connections and network traffic and develop a variety of new services. This, coupled with the increasing penetration of cloud-based services in the telecom sector, is creating a favorable market outlook. Other major factors, including the rapid development of the information technology (IT) sector, a significant increase in data consumption and the emergence of start-ups in the digital transformation space, especially in developing countries, are strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global telecom API market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, user type, deployment and industry vertical.
Breakup by Type:
Messaging
WebRTC
Payment
IVR
Location
Others
Breakup by User Type:
Enterprise Developers
Internal Telecom Developers
Partner Developers
Long Tail Developers
Breakup by Deployment:
On-premises
Cloud-based
Hybrid
Breakup by Industry Vertical:
BFSI
Healthcare and Life Sciences
Telecommunications and ITES
Government and Public Sector
Manufacturing, Consumer Goods and Retail
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcatel-Lucent S.A. (Nokia Corporation), AT&T Inc., Cisco Systems Inc, Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Infobip Ltd, LocationSmart, Orange S.A., Twilio Inc., Verizon Communications Inc. and Vonage Holdings Corp.
Key Questions Answered in This Report
1. What was the size of the global telecom API market in 2022?
2. What is the expected growth rate of the global telecom API market during 2023-2028?
3. What are the key factors driving the global telecom API market?
4. What has been the impact of COVID-19 on the global telecom API market?
5. What is the breakup of the global telecom API market based on the type?
6. What is the breakup of the global telecom API market based on the user type?
7. What is the breakup of the global telecom API market based on the deployment?
8. What are the key regions in the global telecom API market?
9. Who are the key players/companies in the global telecom API market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Telecom API Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Type
- 6.1 Messaging
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 WebRTC
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Payment
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 IVR
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Location
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 7 Market Breakup by User Type
- 7.1 Enterprise Developers
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Internal Telecom Developers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Partner Developers
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Long Tail Developers
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by Deployment
- 8.1 On-premises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cloud-based
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Hybrid
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Industry Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Healthcare and Life Sciences
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Telecommunications and ITES
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Government and Public Sector
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Manufacturing, Consumer Goods and Retail
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Alcatel-Lucent S.A. (Nokia Corporation)
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 AT&T Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Cisco Systems Inc
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Google LLC (Alphabet Inc.)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Huawei Technologies Co. Ltd.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Infobip Ltd
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 LocationSmart
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Orange S.A.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Twilio Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Verizon Communications Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Vonage Holdings Corp.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
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