Telecom Api Market - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

Telecom API Market to Expand With A CAGR Of 20.2% from 2016 To 2023

According to a new market research report published by Credence Research “Telecom API Market (Service–SMS, MMS and RCS, Payment, Maps and Location, Identity Management, Voice/Speech, WebRTC and Others) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”, the global telecom API market was valued at US$59.44Bn in 2015 and is estimated to expand with a CAGR of 20.2% from 2016 to 2023.

Browse the full report at http://www.credenceresearch.com/report/telecom-api-market

Market Insights

With the ever rising penetration of smartphones coupled with internet services, there has been an increased need for alternatives in revenue generation for telecom operators. In the recent years, mobile applications have witnessed profound adoption among mobile devices users.

Although the demand for telecom operator-based internet bandwidth has increased substantially in the recent years, neither consumer nor operators are satisfied with the demand-supply gap (cost). In addition, due to increasing use of over-the-top (OTT) content services, consumers pay more for internet bandwidth as compared to traditional telecom services. However, internet bandwidth is a small source of revenue which becomes a concern for telecom operators, irrespective of the demand.

As an attempt to counter the aforementioned threat, telecom operators begun to expose their APIs to internal as well as external application developers. By providing valuable information such as location, billing and messaging, telecom operators get an additional and reliable source of revenue. The telecom API market is largely driven by the rising penetration of smartphones, mobile applications and OTT content services worldwide. Currently, merely one fourth of the total mobile applications use APIs leaving large room for telecom API providers. With the further rise in mobile applications, the demand for telecom API is...