Information Communication and Technology Reports Telecom API Market

Telecom API Market size is expected to grow from USD
93.69 Billion in 2016 to USD 231.86 Billion by 2021
According to a new market research report” Telecom API Market by Type of API (SMS, MMS, & RCS, WebRTC,
Payment, M2M & IoT, Content Delivery, Location, ID/SSO & Subscriber), User Type (Enterprise, Partner, Internal,
Long Tail), and Region - Global Forecast to 2021", published by MarketsandMarkets™, The global telecom
Application Programming Interface (API) market size is estimated to grow from USD 93.69 Billion in 2016 to USD
231.86 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.87%.
The objectives of the Telecom API Market report are to define, describe, and forecast the telecom API market size
on the basis of types of APIs, user types, and regions. Based on the types of API, the location API is the fastest
growing market that helps in driving the market during the forecast period.
Browse and in-depth TOC on “Telecom API Market”
35 - Tables
52 - Figures
119 - Pages
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Improving telecom API user experience, monetization of telecom operator services, rising demand for advanced
telecom services over the internet, and increasing adoption of M2M devices among end-users are some of the
driving factors of the telecom API market.
SMS, MMS, and RCS APIs to play a key role in the telecom API market by 2021
The Short Message Service (SMS), Multimedia Messaging Service (MMS), and Rich Communication Services (RCS)
APIs segment has the largest market share in the telecom API market during the forecast period. The market share
is expected to grow because of the increasing need for monetization of telecom carrier services and significance of
improving mobile app developer experience. Interactive Voice Response (IVR)/voice store and voice control API
has the second largest market share during the forecast period due to the increasing adoption of M2M devices
among end-users.
Increasing adoption of IoT will drive the global telecom market
Increasing adoption of IoT drives the global telecom API market. Among telecom API user market, the partner
developer market is expected to grow at the highest rate, followed by internal developer. The partner developer
enables solution developers to access their different APIs and use these APIs to develop applications and extension
of these applications to build and develop solutions that are more sophisticated for clients.
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The North American region is expected to contribute the largest market share in the telecom API market