According to the latest report by IMARC Group, titled “Telecom API Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global telecom API market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 19% during 2021-2026.
A telecom application programming interface (API) is a set of communication protocols and tools that help in developing mobile applications. It complements the existing network infrastructures to create vast business opportunities, eliminate the need to develop every feature from scratch, simplify the growth process, etc. A telecom API also enhances internal workflows and improves customer experiences and engagement. Apart from this, it assists in building business-to-business (B2B) offerings and finds various applications across numerous industry verticals.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Telecom API Market Trends:
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Global Telecom API Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Alcatel-Lucent S.A. (Nokia Corporation), AT&T Inc., Cisco Systems Inc, Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Infobip Ltd, LocationSmart, Orange S.A., Twilio Inc., Verizon Communications Inc. and Vonage Holdings Corp.
Breakup by Type:
- Messaging
- WebRTC
- Payment
- IVR
- Location
- Others
Breakup by User Type:
- Enterprise Developers
- Internal Telecom Developers
- Partner Developers
- Long Tail Developers
Breakup by Deployment:
- On-premises
- Cloud-based
- Hybrid
Breakup by Industry Vertical:
- BFSI
- Healthcare and Life Sciences
- Telecommunications and ITES
- Government and Public Sector
- Manufacturing, Consumer Goods and Retail
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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