Application Programming Interface (API) is telecom industry has been witnessing proliferating applications with the advancements in technology. Market Research Future (MRFR)’s recently published report highlights that the global telecom API market is expected to register 17.33% CAGR across the evaluation period 2018 to 2023. The developments in the IT industry are expected to complement the developments in the telecom industry. Thus, the growth of the IT industry is prognosticated to boost the expansion of the telecom API market over the next couple of years.

Regional Analysis:

[FURL=https://www.marketresearchfuture.com/reports/telecom-api-market-2349]Telecom API Platform Market[/FURL], on the basis of region, has been segmented into four major regions - North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The regional segments are further studied on country-level in the assessment. North America is expected to maintain its prominent standing in the global market place through the evaluation period. Increasing dependence on cloud-based services by the organizations in the region are expected to have a favorable impact on the expansion of the regional telecom API market. The US, Canada, and Mexico are some of the prime country-level markets of the region. In addition, the already growing demand for 5G network is expected to accelerate growth pace of the telecom API market in the region over the assessment period. Thus, the report suggests that North America is expected to hold the largest share of the telecom API market over the next few years.

Asia Pacific is also anticipated to exhibit substantial growth in the forthcoming years. China, India, and Japan are projected to contribute to its development, asserts MRFR. However, Europe is posed to reflect steady growth in the foreseeable future.

Competitive Dashboard:

Telefónica S.A. (Spain), Cisco Systems (US), Vodafone Group PLC (UK), AT&T Inc. (US), Nokia Corporation (Finland), Orange S.A. (France), Google (US), Verizon Communications Inc. (US), Fortumo (Estonia), Vonage (US), LocationSmart (US), and Aspect Software, Inc. (US) are some of the eminent players participating in the global telecom API market.

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