DUBLIN, July 7, 2023 /PRNewswire/ — The “Telecom API: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Telecom API estimated at US$248 Billion in the year 2022, is projected to reach a revised size of US$771.5 Billion by 2030, growing at a CAGR of 15.2% over the analysis period 2022-2030.
SMS, MMS & RCS, one of the segments analyzed in the report, is projected to record a 16.2% CAGR and reach US$278.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the IVR/Voice Store & Voice Control segment is readjusted to a revised 14.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $77.2 Billion, While China is Forecast to Grow at 18.4% CAGR
The Telecom API market in the U.S. is estimated at US$77.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$114.6 Billion by the year 2030 trailing a CAGR of 18.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.2% and 14.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$90.5 Billion by the year 2030.
Select Competitors (Total 130 Featured) –
ALE International SASAPIFONICAApigee CorporationAspect Software, Inc.AT&T, Inc.BICSCisco Systems, Inc.FortumoGoogle LLChSenid Mobile SolutionsHuawei Technologies Co., Ltd.Infobip Ltd.LocationSmartMavenirMessageBirdMuleSoft, LLCNokia CorporationOracle CorporationOrange S.A.RapidAPIRibbon Communications Operating Company, Inc.Syniverse Technologies LLCTelstra Corporation LimitedTwiliotyntec Group LimitedVerizon Communication, Inc.Vidyo, Inc.Vonage
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Telecom API – Global Key Competitors Percentage Market Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)Impact of COVID-19 and a Looming Global RecessionCOVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022FCOVID-19 Fast-Tracks Mobility Initiatives Jacking Up API MarketWFM Employees as a % of the Total WorkforceAPI Adoption to Aid Covid-19 TrackingAn Introduction to Telecom Application Programming Interface (API)The Digital RevolutionThe Business PotentialAPIs Monetize Network AssetsTelecom API and AIOpportunities with 5GAPIs – An Essential Element of Modern Telecom Networks: Global Market Prospects & OutlookGrowth Drivers for Telecom APIsDeveloping Countries to Empower Start-upsChallenges for Telecom API MarketAnalysis by API TypeWorld Telecom API Market by API Type (2020 & 2027): Percentage Breakdown of Revenues for SMS, MMS & RCS; IVR/Voice Store & Voice Control; Payment; Location; WEBRTC; and Other API TypesAnalysis by User Type: Enterprise Developers Lead the MarketWorld Telecom API Market by User Type (2020 & 2027): Percentage Breakdown of Revenues for Enterprise, Partner, Internal, and Long TailRegional Analysis: North America, Largest Market for Telecom APIsWorld Telecom API Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing RegionsGlobal Telecom API Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, USA, Canada, Africa, Europe, and JapanCompetitive ScenarioAPI Development Gains Strong Ground in Telecom SectorRecent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Role of WebRTC Augurs WellRise in Demand for Voice APIsSMS, MMS, & RCS APIs Steer Overall GrowthInternet Usage Patterns Widen the Opportunity for Telecom APIsExpanding Mobile Internet User Base & Consumption Bodes WellGlobal Mobile Internet Market (2020): Percentage Share Breakdown of Revenues for by Data Service Category Mobile Internet Category Revenue Composition (in %)Global Smartphone Subscription Breakdown by TechnologySmartphone Usage Trends Favor GrowthGlobal Market for Smartphones in Billions: 2016-2021Smartphone Penetration Rate as Share of Total Population: 2016-2021World Tablet PCs Market: Breakdown of Annual Volume Sales (in Million Units) for the Years 2013, 2018 & 2019Growing Uptake of eCommerce Enhances OpportunitiesPayment APIs Set to Make Big GainsMobile Edge Computing Widens Use CaseMarket to Gain from Growing Adoption of IoT & M2MGlobal Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022Location-Based Applications Elevate the Demand Location APIIncreased Relevance of IVR Improves the Prospects for IVR APIGrowing Focus on Enterprise Mobility Management Augurs WellKey Benefits Encouraging Mobility Trend among Enterprises Ranked by Importance Attached by EnterprisesKey Elements Targeted for Managed Mobility Deployments in the Short-Term Ranked by Priority Attached by Enterprise IT DepartmentsGlobal Workforce Population (2009, 2017, & 2024): Percentage Share Breakdown of Employees by Nature of WorkAPI in the Era of Artificial IntelligenceRestricting API Misuse
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/uutnxi
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