Telecom API Market Share Anticipated to Garner USD 514.3 Billion at a CAGR of 17.3% by 2030 - Report by Market Research Future (MRFR)
Increasing Adoption of Cloud-based Technology to Boost Telecom API Market Growth Globally
June 09, 2022 04:30 ET | Source: Market Research Future
New York, US, June 09, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR),” Telecom API Market Research Report, By Type, Service (SMS, Payment API, Location API, and Others), and End-User (Enterprise, Internal Telecom Developer, and Others)—Global Forecast till 2030” the market will touch USD 514.3 billion at a 17.3% CAGR by 2030.
Telecom API Market Overview
Telecom APIs that allow SMS, video, phone, and chat are driving operator adoption of cloud communication platforms. The need for mobile top-up APIs and telecom APIs has exploded. Companies are releasing their own APIs to allow developers to include their own services in their apps and programs. Twilio is a cloud communications startup based in the United States that provides an API for developers to integrate its cloud network into their apps. This will boost the telecom API market growth over the forecast period.
Report Scope:
| Report Metrics | Details |
| Market Size | USD 514.3 Billion (2030) |
| CAGR | 17.33% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Service |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | LocationSmart (US), Nokia Corporation (Finland), Vodafone Group PLC (UK), Fortumo (Estonia), Orange S.A. (France), Verizon Communications Inc. (US), Google (US), Telefónica S.A. (Spain), AT&T Inc. (US), Vonage (US) |
| Key Market Opportunities | Rising interest in prime smart cities and advanced implementation of local models also contribute to fueling the spread of this market. |
| Key Market Drivers | Telecom API applications result in improved consumer experience and the growth of large-scale software programs of current times. |
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