Published Date: 11-Jun-2020
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According to a new report Global Telecom API Market, published by KBV research, The Global Telecom API Market size is expected to reach $369.1 billion by 2026, rising at a market growth of 22.2% CAGR during the forecast period.
The Enterprise Developers market dominated the Global Telecom API Market by End User 2019. Among users of the telecommunications API market, the partner developer segment is projected to expand at the highest rate, followed by the internal developer. The partner developer allows software developers to access their specific APIs and uses these APIs to create frameworks and extensions and construct and improve technologies that are more advanced for clients.
The Messaging market dominated the Global Telecom API Market by Type 2019. The IVR API market is experiencing a CAGR of 23.3% during (2020 - 2026). The Payment API market is poised to grow at a CAGR of 23.2% during (2020 - 2026). Additionally, The Location API market is expected to witness CAGR of 23.7% during (2020 - 2026).
North America is estimated to have the largest market share in APAC is predicted to rise at the fastest pace in the telecommunications API sector during the forecast period. Increased use of smartphones and mobile apps has resulted in the widespread acceptance of API-related technology in the region. The Europe market is expected to witness a CAGR of 21.4% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/telecom-api-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AT&T, Inc., Orange S.A., Verizon Communications, Inc., Nokia Corporation, Google, Inc., Twilio, Inc., Telefonica S.A., Vonage Holdings Corporation, Cisco Systems, Inc., and LocationSmart.
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