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 APImarket was valued at US$59.44Bn in 2015 and is estimated to expandwith a CAGR of 20.2% from 2016 to 2023.
Browse the full report at http://www.credenceresearch.com/report/telecom-api-market
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.
Request Sample: http://www.credenceresearch.com/sample-request/57992
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.
- 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
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith
Designation: Global Sales Manager