North America Telecom Api Software Market 2022-2028
MARKET OUTLOOK
According to Triton Market Research, the telecom API market in North America is predicted to attain a compound annual growth rate of 16.62% in value over the forecast period from 2022 to 2028. The United States and Canada shape the market in the examined region.
In Canada, the growth in the telecommunication industry, technological developments, and product launches are driving the studied market’s growth. As per estimates, the telecommunication revenue in the country surged significantly in 2020. This was mainly on account of the rising amount of data via fixed internet and mobile services. Moreover, the growing streaming services have surged the use of the internet. The OneAPI initiative by GSMA promotes the adoption of a lightweight and web-friendly set of APIs. Therefore, as mentioned above, all these factors are boosting the telecom API market on a progressive path.
Likewise, the high adoption of advanced technologies and developed telecom infrastructure drives the market’s growth in the United States. Several companies are launching new products that have led to high demand for APIs. Besides this, many companies are collaborating to expand their footings. For instance, Google collaborated with AT&T to develop 5G edge computing solutions. These steps have highlighted the need for an application programming interface for easy access to applications. Thus, these developments are anticipated to open new progressive pathways for the telecom API market over the forecasting years.
COMPETITIVE OUTLOOK
The prominent firms in the telecom API market consist of Orange SA, Vodafone Group Plc, Nexmo Inc, Nokia Corp, Cisco Systems Inc, and Bharti Airtel Ltd.
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