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(IT-NEWSWIRE.COM, April 09, 2020 ) The report "Telecom API Market by Type of API (SMS, MMS, & RCS, WebRTC, Payment, M2M & IoT, Content Delivery, Location, ID/SSO & Subscriber), User Type (Enterprise, Partner, Internal, Long Tail), and Region - Global Forecast to 2021", The global telecom Application Programming Interface (API) market size is estimated to grow from USD 93.69 Billion in 2016 to USD 231.86 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.87%.
SMS, MMS, and RCS APIs to play a key role in the telecom API market by 2021
The Short Message Service (SMS), Multimedia Messaging Service (MMS), and Rich Communication Services (RCS) APIs segment has the largest market share in the telecom API market during the forecast period. The market share is expected to grow because of the increasing need for monetization of telecom carrier services and significance of improving mobile app developer experience. Interactive Voice Response (IVR)/voice store and voice control API has the second largest market share during the forecast period due to the increasing adoption of M2M devices among end-users.
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Increasing adoption of IoT will drive the global telecom market
Increasing adoption of IoT drives the global telecom API market. Among telecom API user market, the partner developer market is expected to grow at the highest rate, followed by internal developer. The partner developer enables solution developers to access their different APIs and use these APIs to develop applications and extension of these applications to build and develop solutions that are more sophisticated for clients.
The North American region is expected to contribute the largest market share in the telecom API market
North Americais expected to hold the largest market share in the telecom API market during the forecast period. This is due to the increase in use of smartphones and mobile applications. The increasing innovative developments and technological advancements are benefiting all the stakeholders present in the telecom API ecosystem in this region.
The major vendors in the telecom API market are Vodafone Group PLC (London, U.K.), Twilio, Inc. (California, U.S.), Alcatel-Lucent (Boulogne-Billancourt, France), AT&T, Inc. (Texas, U.S.) Telefonica (Madrid, Spain), Apigee Corporation (California, U.S.), Orange S.A. (Paris, France), Verizon Communications, Inc. (New York, U.S.), Xura, Inc. (Massachusetts, U.S.), Nexmo, Inc. (California, U.S.), Fortumo (Tartu, Estonia), LocationSmart (California, U.S.), Tropo, Inc. (California, U.S.), and Aspect Software (Massachusetts, U.S.).
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