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Global Telecom API market is estimated to expand with a CAGR of 20.2% from 2016 to 2023: Credence Research

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.

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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 estimated to increase substantially in the coming years.

Competitive Insights:

The global telecom APImarket is highly competitive in nature with large number of telecom API providers struggling to develop value-added services. Majority of the telecom API providers emphasize on providing API service for SMS, MMS and identity management to the telecom operators. The nature of API service is largely dependent upon the requirement of mobile applications popularly used. Subsequently, the trend of providing messaging and identity management API is expected to continue during the forecast period. Another major area of focus for the telecom API providers is upcoming applications such as WebRTC. Due to its rising popularity, many telecom API providers are expected to focus on providing WebRTC API to telecom operators in the coming years.

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Key Trends:

Focus on providing telecom API for SMS, MMS, identity management and WebRTC
Focus on markets such as India, China and the U.S. having huge consumer
Partnership with telecom operators
Development of value-added services
Table of Content

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Telecom API Market
2.2 Global Telecom API Market, By Service
2.3 Global Telecom API Market, By User
2.4 Global Telecom API Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Telecom API Market Revenue, 2014 – 2023, (US$ Bn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors...

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News Release: Global Telecom API market is estimated to expand with a CAGR of 20.2% from 2016 to 2023: Credence Research
Submitted on: January 18, 2018 07:23:30 AM
Submitted by: Anurag singh gaur
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