The telecom application programming interface market is set to grow by USD 2.24 billion accelerating at a CAGR of almost 26%, during the period spanning over 2020-2024. One of the key factors driving growth is the expansion in enterprise business models. Enterprises are increasing the adoption of virtualization techniques to gain a competitive advantage. The adoption of diverse types of telecom API in emerging markets is a significant trend that will further stimulate market growth. The proliferation of mobile operators and the rising adoption of the digital economy are increasing the market for telecom APIs in emerging markets.
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Technavio has announced its latest market research report titled Global Telecom Application Programming Interface (API) Market 2020-2024 (Graphic: Business Wire)
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Parent Market Analysis