• Fri. Sep 29th, 2023

Telecom Application Programming Interface Market | Rising Adoption of Digital Economies to Increase Demand for APIs During 2020-2024 | Technavio

LONDON–(BUSINESS WIRE)–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.

To learn more about the global trends impacting the future of market research, download a free sample now

Parent Market Analysis

Technavio categorizes the telecom API market as a part of the global communications equipment market. Technavio calculates the global communications equipment market size by considering the revenue generated from sales of communication equipment, broadcasting equipment, telecommunications equipment, and investments made by telecommunication service providers to improve their communication infrastructure. Growth in the global communications equipment market will be driven by the rise in the number of data centers.

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Telecom Application Programming Interface Market: Geographic segmentation

The report segments the market by geography: APAC, Europe, North America, MEA, and South America. About 37% of the market’s growth will originate from APAC during the forecast period. The increasing demand for mobile applications and the rising adoption of web-based applications by enterprises are factors fueling the growth of the market in the region. China, Japan, and India are the key markets for telecom application programming interface in APAC.

Telecom Application Programming Interface Market: Segmentation by Service

The SMR segment was leading the market in 2019. This is due to the increased use of SMS, MMS, and RCS led by the emergence of new applications that include these services. In addition, the wide presence of SMS and MMS service providers worldwide is fueling segment growth. This report provides an accurate prediction of the contribution of all the segments to the growth of the telecom application programming interface market size.

Telecom Application Programming Interface Market: Growth Drivers

The market is driven by the expansion in enterprise business models. Enterprises across the world are focusing on improving their data center footprints by adopting virtualization techniques to gain a competitive advantage in the market. This is increasing the workload on servers with cross-platform support. Hence, processor manufacturers are working on boosting the efficiency of servers operating in a distributed computing environment. With growing customer base and a corresponding increase in productivity needs, the need for adopting APIs is becoming crucial for mission-critical and high-performance applications. All these factors are fueling the growth of the market.

Telecom application programming interface Market: Challenges to overcome

The customer renewal rates either decline or fluctuate based on factors such as product functionality, performance, offerings, and migrations of APIs. Besides, customers may not renew the subscriptions regularly, which is further reducing the business opportunities for API vendors.

Telecom application programming interface Market: Vendor landscape

This report provides information on revenue, organizational developments, and key go-to-market strategies of several leading telecom application programming interface companies, including:

  • AT&T Inc.
  • Fortumo OU
  • Hewlett Packard Enterprise Co.
  • Huawei Investment & Holding Co. Ltd.
  • Oracle Corp.
  • Telefonaktiebolaget LM Ericsson
  • Telefonica SA
  • Verizon Communications Inc.
  • Vonage Holdings Corp.
  • ZTE Corp.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio reports cover the following key research areas:

  • Detailed Analysis of Market Eco System
  • Market favorability index
  • Market opportunity by segments
  • Customer Landscape

    • Analysis of drivers of price sensitivity
    • Key purchase criteria
    • Customer purchase basket
  • Impact of drivers and Challenges
  • Vendor landscape

    • Factors of differentiation
    • Landscape disruption
    • Key industry risks
    • Market position of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Source Article

send message
Iam Guest Posting Services
I Have 400 sites
Status : Indexed All
Good DA : 40-60
Different Niche | Category
Drip Feed Allowed
I can instant publish

My Services :

1. I will do your orders maximum of 1x24 hours, if at the time I'm online, I will do a maximum of 1 hour and the process is
2. If any of your orders are not completed a maximum of 1x24 hours, you do not have to pay me, or free.
3. For the weekend, I usually online, that weekend when I'm not online, it means I'm working Monday.
4. For the payment, maximum payed one day after published live link.
5. Payment via PayPal account.

If you interesting, please reply

Thank You