Stratview Research delivers key insights on the Global Telecom API Market. According to Stratview Research, the market is segmented By Service (Messaging API, IVR/Voice Store and Voice Control API, Payment API, WebRTC (Real-Time Connection) API, Location and Map API, Subscriber Identity Management and SSO API, Others), By Deployment (Hybrid, Multi-cloud, Others), By End-Use (Enterprise Developer, Internal Telecom Developer, Partner Developer, Long Tail Developer) and Region.

Market Insights

The report suggests that the overall Telecom API Market was projected to grow from USD 196.2 billion in 2020 to USD 514.4 billion by 2026 at a CAGR of over 17.8% during the forecast period.

Market Segments' Analysis

Service Trends

The market has been classified into messaging API, IVR/voice store and voice control API, payment API, WebRTC (Real-Time Connection) API, location and map API, subscriber identity management and SSO API, and Others. Under these, the payment API segment held a significant market share in 2020.

Regional Trends

The Asia Pacific held a significant market share in 2020 and is projected to grow at a robust CAGR in the coming years. 

Key Players

The following are some of the key players in the telecom api market:

• Verizon Communications Inc., Vodafone Group PLC (UK)
• Google LLC (Apigee Corporation)
• Nexmo (Vonage Holdings Corp.) (US)
• Fortumo OU (Estonia)

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

• What is the global demand for telecom api market in terms of revenue?
• Which are the prominent players in the market?
• At what CAGR is the market projected to grow within the forecast period?
• What are the driving factors fuelling the growth of the market?
• Which region accounted for the largest share in the market?
• How did the Covid19 impacted the market?
• How long will it take to recover from the Covid impact?

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