Telecom API Market Scenario:
The COVID-19 pandemic disruption is estimated to transform the Telecom API Market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Telecom API Market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
High deployment of cloud-based technologies in Canada, Mexico and the US, has made North America the highest revenue generating market for telecom API. The exceptional financial status of consumers and the high technical expertise that induces the growth of technologies such as 5G benefit the telecom API market in North America. The rising frequency of technological innovations is boosting the market position of the stakeholders in the region. Additionally, more and more telecommunication API builders are continuously forming Vehicle-to-Cloud (V2C) connectivity and Speech Recognition Expert Groups to come up with standardized sets of APIs. This is yet another factor that can be instrumental in the market growth during the analysis period.
Market Research Future (MRFR) projects the global telecom API market 2020 to advance to a size of USD 368.25 Billion by 2027. The market study also reveals that the market progression can be at a rate of 17.33% from 2020 to 2027 (which is the evaluation period).
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- Segmentation by Type: Presence Detection Data, Location Determination Data, Service Configuration Management (SCM), Subscriber Data Management (SDM)
- Segmentation by Service: SMS, MMS, and RCS API, Payment API, Location API
- Segmentation by Identity Management: WebRTC, Others
- Segmentation by User Type: Enterprise Developer, Internal Telecom Developer, Partner Developer, Long Tail Developer
Telecom API market is expected to grow with the positive growth rate during the forecast period. The market is being dominated by North America owing to the factors such as rich presence of the technology company in the region and high development in the field of technology in the last few years. Also, North America is also one of the technologically advanced region which gives a competitive advantage to the region over other countries. Asia pacific region has emerged as one of the fastest growing market.
The market is majorly driven by the advancement in Asian countries- China, India, Japan and South Korea. In the recent news, an Indian player Reliance group have revolutionized the Indian telecom market by offering low cost 4G services. Now the move is being widely adopted by the global players in other regions. The Asian market is also witnessing rapid proliferation of internet users in the last few years as the more people from the region own a smartphone and are using internet on the smartphone
Telefonica (Spain), AT&T, Inc. (U.S.), Vodafone Group PLC (U.K.), Alcatel-Lucent (France), Apigee Corporation (U.S.), Orange S.A. (France), Verizon Communications, Inc. (U.S.), Nexmo, Inc. (U.S.), Fortumo (Estonia), LocationSmart (U.S.), Aspect Software (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Telecom API market.
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Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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