The global telecom API market size was estimated at US$ 206.14 billion in 2021 and it is expected to hit US$ 1.2 trillion by 2030 with a registered CAGR of 21.62% from 2022 to 2030.
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Growth Factors
One of the factors driving the growth of global telecom API market is growing deployment of 5G technologies and networks. For example, the Small Cell Forum launched a 5G functional application programming interface (API) in April 2020 to allow a 5G small cell vendor ecosystem. The 5G technical application programming interface (API) specifications, which build on the scope of the 5G physical layer application programming interface (API) specification, allow tiny cells to be built piece by piece with components from various suppliers.
Another factor boosting the growth of global telecom application programming interface (API) market is growing number of mobile service subscribers. According to GSMA data, 5.2 billion individuals had enrolled to mobile services by the end of 2021, with that number expected to rise to 5.7 billion by 2025, presenting additional prospects for telecom application programming interface (API) in mobile based applications. The government all around the world is taking constant efforts for the growth and development of global telecom application programming interface (API) market. The government is highly investing in latest technological projects for the development of various types of telecom application programming interface (API) in the global market. Thus, this factor is supporting the telecom application programming interface (API) market growth.
The widespread acceptance of application programming interface (API) related technologies are due to the increased utilization of mobile and smartphones applications. All market participants profit from the growing number of innovative technological breakthroughs. On the other hand, the telecom application programming interface (API) market is restrained by a commercial gap between developer needs and carrier product offerings as well as government regulations and policies governing the telecom sector.
The telecom application programming interface (API) market is highly competitive, and important firms in each region compete fiercely. A few renowned players dominate each region or nation, the most of whom are the region’s vendors. In order to expand their market position, these market players are focused on growth and expansion methods like partnerships, acquisitions, joint ventures, mergers, and collaborations.
Report Scope of the Telecom API Market
| Report Coverage | Details |
| Market Size by 2030 | USD 1.2 Trillion |
| Growth Rate from 2022 to 2030 |
CAGR of 21.62% |
| Enterprise Developer Segment Market in 2021 | 36% |
| North America's Revenue Share in 2021 | 30% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | API Type, End Use, Geography |
| Companies Mentioned | Vodafone Group PLC, Twilio, Inc., Alcatel-Lucent, AT&T, Inc., Telefonica, Apigee Corporation, Orange S.A., Verizon Communications, Inc., Xura, Inc., Nexmo, Inc. |
API Type Insights
The messaging API segment accounted 34% market share in 2021 and is expected to witness growth at a CAGR of 21.5% from 2022 to 2030. Any service that allows developers to incorporate numerous messaging technologies in an application through a single programmable interface is referred to as a messaging application programming interface (API). The rising demand for SMS services that use messaging application programming interface (APIs) is driving the expansion of messaging application programming interface (APIs).
The interactive voice response application programming interface (API) segment is fastest growing segment over the forecast period. The smart interactive voice response helps businesses improve their sales and marketing efforts. Using an interactive voice response system, call centers can process millions of calls each hour to manage real time data. As a result, interactive voice response application programming interface (API) allows developers to create high quality applications with interactive voice response capabilities and voice calling.
End Use Insights
The enterprise developer segment accounted largest revenue share 36% in 2021. The demand for telecom application programming interface (API) is growing among large scale enterprises, which is driving growth of enterprise developer segment. The growing utilization of application to person messages for promotion of certain products and services is driving the demand for telecom application programming interface (API) in enterprise developer segment.
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The partner developer segment is expected to witness growth at a CAGR of 23% over the forecast period. The partner telecom application programming interface (APIs) aid in the development of services such as streaming and payment services by providing a centralized data exchange platform for developers. The developers can create these services with the help of telecom organizations. In addition, compared to corporate developers, the consumer base for partner developers is fast rising, resulting in their increase during the predicted period.
Region Insights
North America dominated the market in 2021 with revenue share of around 30%. This is due to rising usage of numerous cloud-based services by way of manufacturing systems and several sales channels. Furthermore, due to increased funding, the web-based information technology industry in North America is expected to rise rapidly. In addition, major emerging nations have seen an increase in demand for various software-based services. Thus, all of these factors are driving the growth of North America telecom application programming interface (API) market.
Asia-Pacific is expected to develop at the fastest rate 24.5% during the forecast period. China and India dominated the telecom application programming interface (API) market in Asia-Pacific region. The growing deployment of telecom application programming interface (API) by various market players is driving the growth of Asia-Pacific telecom application programming interface (API) market. In addition, technological developments are paving way for the expansion of telecom application programming interface (API) market in Asia-Pacific region. The market demand is projected to be driven by some of the ongoing partnerships among the region’s key players. For example, China Unicom, one of the top mobile network service providers in terms of subscribers, and Alibaba Group Holding are aiming to partner in the sector of networking services, which is likely to boost telecom application programming interface (API) market growth in the region.
Key Developments
Some of the prominent players:
Segments Covered in the Report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By API Type
By Type
By End User
By Deployment
By Industry Verticals
By Geography
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