Rising Cloud-Based Technology Adoption boosts Global Telecom API Market Growth

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Rising Cloud-Based Technology Adoption boosts
Global Telecom API Market Growth
Inkwood Research estimates that the Global
Telecom API Market is evaluated to project a CAGR
of 3.82 in terms of revenue and 16.22 in terms
of volume during the forecasting years of 2022-
2030. Browse 55 Market Data Tables and 48
Figures spread over 215 Pages, along with an
in-depth TOC on the Global Telecom API Market
Forecast 2022-2030. VIEW TABLE OF CONTENT LINK
- https//inkwoodresearch.com/reports/telecom-api-
market/table- of-contents The telecom
application programming interface (API) is a set
of standard software functions that can be used
by applications for operating the networking
architecture. The API merges the union between
the resource and application across the device.
Telecom APIs enable access to data and telecom
services for multiple communication-enabled
applications.
REQUEST FREE SAMPLE LINK - https//inkwoodresearch
.com/reports/telecom-api-market/request-
free-sample Increasing Adoption of Cloud-Based
Technology drives Market Growth The increased
adoption of cloud-based technologies and services
across the telecom sector is one of
the key growth drivers of the global telecom API
market. There is a rising demand for cloud
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communication platforms among telecommunication
operators due to telecom API offering chat,
voice, video, and SMS. At the same time, there
has been a surge in demand for telecom APIs and
mobile top-up APIs. Moreover, technology giants
like Orange SA, WhatsApp, and Google Cloud have
increased their efforts to leverage API-based
applications to implement their services across
varied platforms used by the developers. Besides,
the flourishing cloud communication platforms are
projected to facilitate novel niche points for
the industry players to offer mobile internet
applications. Messaging API is the Largest
Service Type The messaging API segment growth is
propelled by the vast adoption of SMS and RCS
services that use messaging APIs. The MMS, SMS,
and RCS API facilitate contact management,
activate transactional updates OTPs, receiving of
incoming SMS, and deliver bulk SMS. In addition,
there is a growing need for monetizing telecom
carrier services and an increasing demand for
enhanced mobile app developer experience. Asia-Pac
ific Fastest-Growing Region The Asia-Pacific
market growth is majorly attributed to the growth
prospects of the developed and developing
economies of the region. India is a fast-growing
digitized nation driven by surging mobile
connectivity, enhanced internet infrastructure,
emerging start-ups in the digital transformation
space, and increasing data consumption. Whereas
in Australia, the fast-paced development of
information technology has raised the demand for
telecom API. The recent innovations in the IT
industry are further propelled by the technical
expansion of telecommunications networks. The
high competitive rivalry is attributed to the
presence of market players and their strategic
initiatives like investments, partnerships, joint
ventures, collaborations, expansions, and product
launches. Some of the leading firms in the market
include Vodafone Group PLC, Apigee Corporation,
Verizon Communications Inc, Nexmo Inc,
etc. Request for Customization
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ort/ About Inkwood Research Inkwood Research
specializes in syndicated customized research
reports and consulting services. Market
intelligence studies with relevant fact-based
research are customized across industry verticals
such as technology, automotive, chemicals,
materials, healthcare, and energy, with an
objective comprehension that acknowledges the
business environments. Our geographical analysis
comprises North South America, CEE, CIS, Middle
East, Europe, Asia, and Africa. Contact
Us https//www.inkwoodresearch.com
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