An API or application programming interface is a set of programming instruction and standards which is used in various application areas for accessing a web based software application. API plays major role in telecom industry and in the last few years, there has been rapid development in the field of communication and the way people connect with each other. The telecom API helps the software developer who is in process of developing any web based software for telecommunication purpose. Telecom API helps to optimize the customer experience and also helps to enhance the experience of mobile application among the end-users. Telecom APIs are majorly used for providing crucial services to their users such as messaging, location and payments. Development in the field of cloud computing and IoT is one of the major factor which is supporting the market of mobile API. APIs also offers several other benefits such as extra functionality to the existing infrastructure, enhancing performance and others.
Also, use of telecom API also offers various advantages to the companies such as low cost and lesser time to market which helps the market growth. Apart from this, telecom API also helps the network providers to determining the location, SCM and SDM. SCM or service configuration management helps the companies to alter the parameters of the services which they offer where SDM helps with the data which is associated with the services. The market is expected to witness rapid demand in the coming years due to the proliferation of 4G technology and development in the field of 5G technology.
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Competitive Outlook:
Renowned companies competing in the market for telecom API are LocationSmart (US), Nokia Corporation (Finland), Vodafone Group PLC (UK), Fortumo (Estonia), Orange S.A. (France), Verizon Communications Inc. (US), Google (US), Telefónica S.A. (Spain), AT&T Inc. (US), Vonage (US), and others.
Aspect Software Inc. (US) and Cisco Systems (US) are some of the other vendors in telecom API industry.
Segmentation:
The telecom API market has been considered for type, service, and end-user.
The primary types of telecom API are location determination data, presence detection data, subscriber data management (SDM) and service configuration management (SCM).
The services that are available in the global market include webRTC, MMS, payment API, RCS API, identity management, location API, and others.
The prominent end-users outlined in the report are internal telecom developer, enterprise developer, long tail developer and partner developer.
Regional Analysis:
The geographical study of the telecom API market has taken into account Europe, North America, Asia Pacific (APAC), and the rest of the world or RoW.
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.
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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
Continued….
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