Telecom API Global Market is Projected to Reach $771.5 Billion by 2030: Payment APIs Set to Make Big Gains

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 SAS
• APIFONICA
• Apigee Corporation
• Aspect Software, Inc.
• AT&T, Inc.
• BICS
• Cisco Systems, Inc.
• Fortumo
• Google LLC
• hSenid Mobile Solutions
• Huawei Technologies Co., Ltd.
• Infobip Ltd.
• LocationSmart
• Mavenir
• MessageBird
• MuleSoft, LLC
• Nokia Corporation
• Oracle Corporation
• Orange S.A.
• RapidAPI
• Ribbon Communications Operating Company, Inc.
• Syniverse Technologies LLC
• Telstra Corporation Limited
• Twilio
• tyntec Group Limited
• Verizon 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 Recession
• COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
• COVID-19 Fast-Tracks Mobility Initiatives Jacking Up API Market
• WFM Employees as a % of the Total Workforce
• API Adoption to Aid Covid-19 Tracking
• An Introduction to Telecom Application Programming Interface (API)
• The Digital Revolution
• The Business Potential
• APIs Monetize Network Assets
• Telecom API and AI
• Opportunities with 5G
• APIs - An Essential Element of Modern Telecom Networks: Global Market Prospects & Outlook
• Growth Drivers for Telecom APIs
• Developing Countries to Empower Start-ups
• Challenges for Telecom API Market
• Analysis by API Type
• World 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 Types
• Analysis by User Type: Enterprise Developers Lead the Market
• World Telecom API Market by User Type (2020 & 2027): Percentage Breakdown of Revenues for Enterprise, Partner, Internal, and Long Tail
• Regional Analysis: North America, Largest Market for Telecom APIs
• World Telecom API Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
• Global Telecom API Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, USA, Canada, Africa, Europe, and Japan
• Competitive Scenario
• API Development Gains Strong Ground in Telecom Sector
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Role of WebRTC Augurs Well
• Rise in Demand for Voice APIs
• SMS, MMS, & RCS APIs Steer Overall Growth
• Internet Usage Patterns Widen the Opportunity for Telecom APIs
• Expanding Mobile Internet User Base & Consumption Bodes Well
• Global 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 Technology
• Smartphone Usage Trends Favor Growth
• Global Market for Smartphones in Billions: 2016-2021
• Smartphone Penetration Rate as Share of Total Population: 2016-2021
• World Tablet PCs Market: Breakdown of Annual Volume Sales (in Million Units) for the Years 2013, 2018 & 2019
• Growing Uptake of eCommerce Enhances Opportunities
• Payment APIs Set to Make Big Gains
• Mobile Edge Computing Widens Use Case
• Market to Gain from Growing Adoption of IoT & M2M
• Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
• Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
• Location-Based Applications Elevate the Demand Location API
• Increased Relevance of IVR Improves the Prospects for IVR API
• Growing Focus on Enterprise Mobility Management Augurs Well
• Key Benefits Encouraging Mobility Trend among Enterprises Ranked by Importance Attached by Enterprises
• Key Elements Targeted for Managed Mobility Deployments in the Short-Term Ranked by Priority Attached by Enterprise IT Departments
• Global Workforce Population (2009, 2017, & 2024): Percentage Share Breakdown of Employees by Nature of Work
• API in the Era of Artificial Intelligence
• Restricting 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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