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Telecom Network API Market will cross US$ 184.0 Billion by 2021 - by Market Research Engine

New York, Aug 04: Market Research Engine has published a new report titled as “Telecom Network API Market by Types (Telephony, WebRTC, Payment, M2M & Messaging) and by Geography (North America, Europe, Asia Pacific, Middle East & Africa & Latin America) - Global Trends and Forecast 2015 - 2021”

Over the past few years communication service providers offered different content services to its customers. But, due to the emergence of application developers such as apple, Google, Amazon and more the communication service providers are losing the support of its customers. These application developers took advantage of APIs to offer various content services to its customers. API comprises of tools and procedures required to develop software and applications. API acts as an interconnection enabling the companies to deliver services through telecommunication providers.

"Global Telecom Network API Market" is envisioned to grow at CAGR of more than 23% and it is expected to cross US$ 184.0 Billion by 2021.

Browse Full Report:  https://www.marketresearchengine.com/reportdetails/telecom-network-api-market

As a result, the communication service providers are adopting Network APIs to retain its current customers and gain new customers. The flexibility of API permits Communications Service Provider (CSP) to offer customized experiences enabling to explore growth opportunities. The Network APIs enables the CSPs to integrate the services such as Messaging, Payment, Location Based Services (LBS), Telephony, Web Real-Time Communications (WebRTC), Subscriber Data Management (SDM), Internet-of-Things (IoT) and Machine-to-Machine (M2M), Interactive Voice Response (IVR), Content Delivery, Unified Communication, Unstructured Supplementary Service Data (USSD), and others into programs and mobile applications. The CSP offer these services based on two business models. In the first model the application developer pays for the application or services and API usage. In the second business model the CSPs offer free API to application developers and the user accessing the applications through API pays to CSPs and developer receives the revenue share from the telecom operators.

The use of Network APIs provides enormous opportunities to communication services providers to extend its products and services, increase operational efficiency, explore new business models, improve partner opportunities, decrease the business friction, maximize business development, and speed up internal projects. The other advantages which CSPs have over application developers include providing universal connectivity in the form of voice and messaging, global billing mechanism, and security.

The Telecom Network API market is driven by factors including need of new revenue streams to overplay competition, monetization and evolution of new network business models, and powering mobile app revolution.

The major restraining factors for telecom API market comprises of security risks, scalability issues, and load capacity.

The Telecom Network API market is segmented as below:

By Types:

·         Telephony
·         WebRTC
·         Payment
·         M2M
·         Messaging

 

By Geography:

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

 

Other Research Report:

·         5G Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 https://www.marketresearchengine.com/reportdetails/5g-technology-market

 

 

·         Software Defined Infrastructure Market Analysis, By [Solutions (SDS, SDN, SDC), Services (Consulting, Implementation & Maintenance, Integration), Verticals (BFSI, Retail, Manufacturing, Telecom, Healthcare, Education, Transportation, Utilities & Energy) By Regions – Global Market Drivers, Opportunities, Trends, and Forecasts, 2016-2022 https://www.marketresearchengine.com/reportdetails/software-defined-infrastructure-market

 

 

About MarketResearchEngine.com

Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

 

Media Contact

Company Name: Market Research Engine

Contact Person: John Bay

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: +1-855-984-1862, +91-860-565-7204

Country: United States

Website: https://www.marketresearchengine.com/

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