A recent study by Triton Market Research titled Global Telecom API Market includes the Global Analysis and Forecasts by Deployment Mode (Hybrid, Multi-Cloud, Other Deployment Modes), Service (Location & Map API, Messaging API, Subscriber Identity Management & SSO API, WebRTC API, IVR/ Voice Store & Voice Control API, Payment API, Other Services), End-user (Partner Developer, Long-Tail Developer, Enterprise Developer, Internal Telecom Developer), and by Geography (North America, Asia-Pacific, Middle East and Africa, Europe, Latin America).
Telecom API plays a crucial role in connecting devices with applications. It primarily permits developers to create applications independent of the device.
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Based on Triton’s research report, the global telecom API market is likely to garner $615.99 million by 2028, growing at a CAGR of 16.42% during the forecasting period.
The rising technological innovations, coupled with IoT and 5G penetration, contribute to the growth of the telecom API market. Several technology giants like Mozilla and Ericsson have partnered to develop a web browser integration of telephone services. In this regard, API provides innovative and useful features, including recent contact history, SMS, and push-through-call notifications. On the contrary, the increase in over-the-top service providers, API vulnerabilities, and stringent government regulations negatively impact the telecom API market’s development.
The telecom API market is segmented into deployment mode, service, and end-user. The deployment mode section is divided into hybrid, multi-cloud, and other deployment modes. The service segment includes location & map, messaging, subscriber identity management & SSO, webRtc, IVR/ voice store & voice control, payment, and other service APIs. Lastly, the end-user segment comprises partner developer, long-tail developer, enterprise developer, and internal telecom developer.
Geographically, North America secures the majority of the shares in the telecom API market. The API demand has surged significantly in the region, owing to the early adoption of advanced technologies. With the integration of 4G and application programming interface, communication services have enhanced significantly over the past few years. Furthermore, the deployment of API has advanced productivity across various organizations. Along with this, the region’s nations have witnessed high adoption of smartphones, which increases the need for API. Therefore, these factors are anticipated to augment the growth of the telecom API market significantly over the forecast years.
LocationSmart, Bharti Airtel Ltd, Nokia Corp, Vodafone Group Plc, Verizon Communications Inc, Google LLC, Cisco Systems Inc, Alcatel Lucent Enterprise, Twilio Inc, Huawei Technologies Co Ltd, Orange SA, Fortumo OU, Telefonica SA, Nexmo Inc, and AT and T Inc are prominent companies in the market.
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Question & Answer: Telecom API Market
Question 1: What factors contribute to the growth of the telecom API market?
Answer: The rising technological innovations, coupled with IoT and 5G penetration, contribute to the growth of the telecom API market. Several technology giants like Mozilla and Ericsson have partnered to develop a web browser integration of telephone services. In this regard, API provides innovative and useful features, including recent contact history, SMS, and push-through-call notifications.
Question 2: What factors negatively impact the telecom API market’s development?
Answer: The increase in over-the-top service providers, API vulnerabilities, and stringent government regulations are negatively impacting the telecom API market’s development.
Question 3: Which region secures the majority of the shares in the telecom API market?
Answer: Geographically, North America secures the majority of the shares in the telecom API market. The API demand has surged significantly in the region, owing to the early adoption of advanced technologies. With the integration of 4G and application programming interface, communication services have enhanced significantly over the past few years. Furthermore, the deployment of API has advanced productivity across various organizations. Along with this, the region’s nations have witnessed high adoption of smartphones, which increases the need for API. Therefore, these factors are anticipated to augment the growth of the telecom API market significantly over the forecast years.
Question 4: Which are the prominent companies in the telecom API market?
Answer: LocationSmart, Bharti Airtel Ltd, Nokia Corp, Vodafone Group Plc, Verizon Communications Inc, Google LLC, Cisco Systems Inc, Alcatel Lucent Enterprise, Twilio Inc, Huawei Technologies Co Ltd, Orange SA, Fortumo OU, Telefonica SA, Nexmo Inc, and AT and T Inc are prominent companies in the market.
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Global Near Field Communication (NFC) Chips Market
The global near field communication (NFC) chips market is projected to advance at a CAGR of 12.99% during the forecast period of 2022-2028.
NFC chips enable contactless payments, information transfer, and security. They also allow devices to share data easily with other NFC-enabled devices.
The NFC chips market’s growth is fueled by the rising number of NFC-enabled smartphones and a high number of NFC-enabled transactions. Various NFC-enabled devices, such as smartphones, car keys, and stereo headphones have gained significant traction among consumers.
Furthermore, NFC plays a crucial role in patient health monitoring and security in the transportation sector. Hence, the growing adoption of NFC-enabled devices across sectors contributes to the NFC chips market’s development.
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