Application programming interface (API) is the set of standards and symbols for accessing a web-based software application. Application programming interface is also known as middleware. Telecommunication API allows applications to control & monitor functions between a computer and network for data, voice calls, and fax. APIs are implemented by function calls in the program, which provide the connection to the required subroutine for execution.The API forms the interface between the application and the resources in the device.
According to the report, the global telecom API market was valued at approximately USD 54.5 billion in 2015 and is expected to reach approximately USD 310.0 billion by 2021, growing at a CAGR of around 22.0 % between 2016 and 2021. Zion Market Research has published a new report titled “Telecom API (SMS, MMS & RCS, Payment, Voice/Speech, Maps & Location, Identity Management, Web-RTC and Others) Market For Internal Telecom Developer, Enterprise Developer and Partner Developer Users: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”
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The telecom API market is primarily driven by rising accessibility 4G LTE coupled with prevalent trends. Emerging technology is projected to play a major role in the growth of the telecom API market in the years to come. Moreover, developing web-RTC technology is expected to boost the market growth over the forecast period. However, insecurity in API’s is expected to hamper the market growth within the forecast period. Nonetheless, rising adoption of the machine to machine devices across the world is expected to open up new growth avenues in the near future.
The telecom API market is segmented on the basis of different services such as SMS, MMS & RCS, maps & location, voice/speech, identity management, web-RTC and others. The voice/speech segment dominated the market with the largest share of the total market in 2015. This is mainly due to voice API is widely used in the mobile application. Payments segment also accounted for significant share owing to the increasing demand for payment API from developing regions. SMS, MMS & RCS and web-RTCare expected to exhibit significant growth during the forecast period.
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On the basis of users, the telecom API market has been classified into enterprise developer, internal telecom developer, long tail developer, and partner developer. In terms of revenue, enterprise developer accounted for the large chunk of market share in 2015. This was mainly due to strong revenue generation offered by enterprise developers while integrating telecom API. Long tail developer expected to be the fastest growing segment in the years to come. Partner developer is another key application segment for telecom API.
North America dominated the telecom API market and accounted for the largest share of the global market in 2015. North America followed by Asia Pacific region in terms of revenue. The telecom API market in Asia Pacific region is expected to exhibit strong growth owing to increasing technological advancement in this region. Europe, Latin America, and Middle East & Africa are also expected to experience significant growth of telecom API market in the years to come.
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Some of the key players include in global telecom API markets such as Nexmo Inc., Comverse Inc., Aepona Ltd., Fortumo OU, Twilio Inc., Tropo Inc., LocationSmart, AT&T Inc., Apigee Corp., Orage, and Alcatel-Luce.