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Telecom API Market Trends, Growth, Industry & Revenue [2031]
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Telecom API Market Trends, Growth, Industry & Revenue [2031]

Segments - Telecom API Market by Types (IVR, Location, Messaging, Payment, and WebRTC), End-users (Partner Developers, Internal Telecom Developers, Long Tail Developers, and Enterprise Developers), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-435 | 4.1 Rating | 68 Reviews | 158 Pages | Format : PDF Excel PPT

Report Description


Telecom API Market Outlook 2031 

The Telecom API Market was USD 185.11 Billion in 2022 and is likely to reach USD 1.05 Trillion by 2031, expanding at a CAGR of 21.3% during 2023 – 2031. The growth of the market is attributed to the increasing demand for advanced telecom application solution that helps enhance the telecom service.

The telecom application programming interface (API) is a technology that offers to several communication-enabled applications, which are further linked to electronic devices such as smartphones.

Telecom API Market Outlook

The API provides a link between the telecom application and several electronic communication devices. The APIs are software-based technology that provides a range of mobile applications and services including mobile payments, messaging, location tracking, and voice or video calling. According to a report published by GSMA, the total number of mobile service subscriptions was nearly 5.2 billion in 2018 and is likely to reach 5.9 billion by the year 2025.

Increasing productivity of business organizations and wider communication services such as voice & video calls, speech, and video integration services due to the integration of 4G technology and APIs is a major aspect for the market development.

APIs play an important role in monetizing the Internet of Things (IoT) network as these technology act to link among numerous elements within a network as a point of interaction. To provide several high-end IoT solutions, the mobile operators are concentrating on the enhancing their roles in the value chain function, which in turn, can eliminate their dependency on other third-party solution suppliers.

The markets in developing regions including Africa and Asia Pacific are increasingly growing at a significant rate owing to the rising start-ups in these regions. Some globally leading telecom operators including Vodafone and Orange Group have collaborated with several start-ups to expand their presence in these markets.

  • Increasing adoption of machine to machine (M2M) devices and rising demand for advanced application interface for telecom service are key drivers for the market growth.
  • Growing number of smartphone users and high penetration of IoT that push to increase number of mobile service subscribers present another key factors boosting the market.
  • Availability of affordable and low-cost mobile internet scheme especially in the developing regions are expected to propel the telecom APIs market growth.
  • Concerns related to the possibility of the violation of data and private security of users are expected to hamper the market growth.
  • COVID-19 and its adverse impact on the electronic manufacturing units possess a key challenge that can restrict the market growth.
  • Rising production of several innovative and advanced featured electronic devices used for telecom service is projected to offer key opportunities for the market expansion.

Scope of Telecom API Market Report

The report on the global telecom API market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Telecom API Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (IVR, Location, Messaging, Payment, and WebRTC) and End-users (Partner Developers, Internal Telecom Developers, Long Tail Developers, and Enterprise Developers)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

AT&T, Inc., Google LLC, Telefonica S.A., Twilio Inc., and Verizon Communication, Inc.

Global Telecom API Market Segment Insights

Messaging API segment is anticipated to account a large market share

Based on types, the market is divided into IVR, location, messaging, payment, and WebRTC. The messaging segment is anticipated to account for a large market share during the forecast period owing to the growing adoption of SMS and RCS services, which widely use messaging APIs. On the other hand, the IVR segment is expected to exhibit significant growth during the analysis period owing to the rising incidence of call centers service and wide adoption of API service across telecom operators, especially in developing countries.

Meanwhile, the location segment is projected to represent a substantial market share in the coming years due to the expanding demand for smartphone applications, which provide location tracking services.

Telecom API Market Types

Enterprise developer segment is estimated to account a large revenue share

On the basis of end-users, the telecom API market is classified into partner developers, internal telecom developers, long tail developers, and enterprise developers. The enterprise developers segment is estimated to constitute a large revenue share of the market during the forecast period owing to the increasing usage of A2P messaging tools in large-scale firms to introduce sales, offers, promotional activities, and other change in policies.

However, the partner developer segment is projected to exhibit a high growth rate representing a CAGR of 25.2% in the coming years. The partner APIs help in building the data-sharing platforms among the telecommunication service suppliers and the other developers to enhance their payment and streaming services.

Telecom API Market End-Users

North America is anticipated to account for a large market share

In terms of regions, the global telecom API market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to account for a large market share of the market in the coming years owing to the presence of several key global companies including Broadcom, Inc., Oracle Corp., AT&T, Inc., and Google LLC.

Factors such as high adoption of 4G technology and rising number of smartphones users in this region is majorly contributing to the regional market growth. On the other hand, the market in Asia Pacific is expand at a robust CAGR due to the high penetration of internet and rising expansion of the telecom industry in this region. As per the report of GSMA, the number of mobile internet users in Asia Pacific was around 1.8 billion in 2018 and is expected to reach 2.6 billion by 2025.

Telecom API Market Region

Segments

The global telecom API market has been segmented based on

Types

  • IVR
  • Location
  • Messaging
  • Payment
  • WebRTC

End-users

  • Partner Developers
  • Internal Telecom Developers
  • Long Tail Developers
  • Enterprise Developers

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Some key players competing in the global telecom API market include AT&T, Inc., Google LLC, Telefonica S.A., Twilio Inc., and Verizon Communication, Inc. Many of these major players are actively engaged with third-party developers, telecommunication service providers, and others to enhance the API service. They are constantly adopting several market strategies such as mergers, acquisitions, partnerships, and collaborations to increase their market existence.

For instance, in April 2020, Infobip Ltd. announced that it entered into a partnership with Span, an IT company offering professional services as well as technological support to business clients and enterprises around the world. This partnership was considered to be a major strategy that could help develop a wide information system and connect with customer experiences. In April 2020, Small Cell Forum launched a 5G functional API to allow a 5G RAN/small cell vendor ecosystem. The 5G technical API specifications focus to enable building of small cells using elements from various vendors associated with 5G physical layer API specification.

In June 2020, Twilio Inc. introduced messaging insights, which offer real-time analytics within the Twilio Console. Using the technology, users can now monitor message delivery and involvement, manage troubleshoot problems, and adjust efficiency over service channels. The messaging insights was introduced to enhance detection and smooth functioning of four key areas such as troubleshoot delivery and errors, high-level overview, analyze responses, and optimize OTP conversion rates over each messaging channels such as MMS, SMS, and WhatsApp.

 Telecom API Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Telecom API Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Telecom API Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Telecom API Market - Supply Chain
  4.5. Global Telecom API Market Forecast
     4.5.1. Telecom API Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Telecom API Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Telecom API Market Absolute $ Opportunity
5. Global Telecom API Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Telecom API Market Size and Volume Forecast by Types
     5.3.1. IVR
     5.3.2. Location
     5.3.3. Messaging
     5.3.4. Payment
     5.3.5. WebRTC
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Telecom API Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Telecom API Market Size and Volume Forecast by End Users
     6.3.1. Partner Developers
     6.3.2. Internal Telecom Developers
     6.3.3. Long Tail Developers
     6.3.4. Enterprise Developers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Telecom API Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Telecom API Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Telecom API Demand Share Forecast, 2019-2026
8. North America Telecom API Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Telecom API Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Telecom API Market Size and Volume Forecast by Types
     8.4.1. IVR
     8.4.2. Location
     8.4.3. Messaging
     8.4.4. Payment
     8.4.5. WebRTC
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Telecom API Market Size and Volume Forecast by End Users
     8.7.1. Partner Developers
     8.7.2. Internal Telecom Developers
     8.7.3. Long Tail Developers
     8.7.4. Enterprise Developers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Telecom API Demand Share Forecast, 2019-2026
9. Latin America Telecom API Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Telecom API Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Telecom API Market Size and Volume Forecast by Types
     9.4.1. IVR
     9.4.2. Location
     9.4.3. Messaging
     9.4.4. Payment
     9.4.5. WebRTC
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Telecom API Market Size and Volume Forecast by End Users
     9.7.1. Partner Developers
     9.7.2. Internal Telecom Developers
     9.7.3. Long Tail Developers
     9.7.4. Enterprise Developers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Telecom API Demand Share Forecast, 2019-2026
10. Europe Telecom API Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Telecom API Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Telecom API Market Size and Volume Forecast by Types
     10.4.1. IVR
     10.4.2. Location
     10.4.3. Messaging
     10.4.4. Payment
     10.4.5. WebRTC
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Telecom API Market Size and Volume Forecast by End Users
     10.7.1. Partner Developers
     10.7.2. Internal Telecom Developers
     10.7.3. Long Tail Developers
     10.7.4. Enterprise Developers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Telecom API Demand Share Forecast, 2019-2026
11. Asia Pacific Telecom API Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Telecom API Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Telecom API Market Size and Volume Forecast by Types
     11.4.1. IVR
     11.4.2. Location
     11.4.3. Messaging
     11.4.4. Payment
     11.4.5. WebRTC
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Telecom API Market Size and Volume Forecast by End Users
     11.7.1. Partner Developers
     11.7.2. Internal Telecom Developers
     11.7.3. Long Tail Developers
     11.7.4. Enterprise Developers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Telecom API Demand Share Forecast, 2019-2026
12. Middle East & Africa Telecom API Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Telecom API Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Telecom API Market Size and Volume Forecast by Types
     12.4.1. IVR
     12.4.2. Location
     12.4.3. Messaging
     12.4.4. Payment
     12.4.5. WebRTC
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Telecom API Market Size and Volume Forecast by End Users
     12.7.1. Partner Developers
     12.7.2. Internal Telecom Developers
     12.7.3. Long Tail Developers
     12.7.4. Enterprise Developers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Telecom API Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Telecom API Market: Market Share Analysis
  13.2. Telecom API Distributors and Customers
  13.3. Telecom API Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. AT&T, Inc.
     13.4.2. Google LLC
     13.4.3. Telefonica S.A.
     13.4.4. Twilio Inc.
     13.4.5. Verizon Communication, Inc.

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