Developing IT Industry to Boost Telecom API Market’s Growth

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Developing IT Industry to Boost Telecom API
Markets Growth

• Triton Market Research presents the Global
  Telecom API Market report sectioned by Service
  (WebRTC API, Messaging API, Payment API, Location
  Map API, IVR/ Voice Store Voice Control API,
  Subscriber Identity Management SSO API, Other
  Services), End-user (Long-Tail Developer, Partner
  Developer, Internal Telecom Developer, Enterprise
  Developer), Deployment Mode (Multi-Cloud, Hybrid,
  Other Deployment Modes), and Geography (Latin
  America, Asia-Pacific, Europe, North America,
  Middle East and Africa).
• The report also discusses the Market Summary,
  Industry Outlook, Impact of COVID-19, Key
  Insights, Porters Five Forces Analysis, Key
  Impact Analysis, Market Attractiveness Index,
  Vendor Scorecard, Industry Components, Regulatory
  Framework, Key Market Strategies, Drivers,
  Challenges, Opportunities,
• Competitive Landscape, Research Methodology
  Scope, Global Market Size, Forecasts Analysis
  (2022-2028).
• As per Triton Market Research, the global telecom
  API market is likely to progress at a CAGR of
  16.42 during the forecast period 2022-2028.

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Telecom API refers to a computing interface that
links device and application. Moreover, the
application programming interface enables
developers to create services and applications
independent of the device. Over the years, the
rapid development of the IT industry has
dramatically expanded the demand for API across
regions, especially the Asia-Pacific. Moreover,
recent innovations and advancements in the sector
have supported a technical expansion of telecom
networks. As a result, governments are striving
to promote interoperability between IT systems,
creating new opportunities for the telecom API
market. However, the rise in OTT service
providers, security concerns due to API
vulnerabilities, and strict government
regulations impede the telecom API markets
overall growth. The Asia-Pacific is anticipated
to witness the fastest growth rate over the
forecast period. The regions robust growth is
mainly owing to the rise in the number of
internet providers. As per estimates, the number
of mobile internet users is expected to surge
tremendously by the end of 2025. Furthermore, the
total revenue from mobile operators is projected
to soar significantly. Such factors are
anticipated to highlight the application
programming interface demand, fueling the telecom
API markets progress. Nokia Corp, Twilio Inc,
Orange SA, Google LLC, Fortumo OU, Telefonica SA,
Nexmo Inc, LocationSmart, Cisco Systems Inc,
Vodafone Group Plc, AT and T Inc, Alcatel Lucent
Enterprise, Bharti Airtel Ltd, Verizon
Communications Inc, and Huawei Technologies Co
Ltd are leading companies in the telecom API
market. Due to high operational and maintenance
costs, companies require a high initial
investment to commence operations in the telecom
API market. Moreover, the new entrants need to
establish a brand name to thrive in a heavily
competitive and regulated market. In this regard,
it becomes difficult for new players to compete
with the best quality products and vast product
lines. Hence, these factors indicate that the
threat of new players would remain low in the
market over the forecast period.
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