According to the latest market study released by Technavio, the international telecom software programming interface (API) marketplace is predicted to grow at a CAGR of nearly 32% during the predicted period.
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Technavio has published a new study on the international telecom software programming interface marketplace. (Graphic: Business Wire)
This study report titled ‘Telecom API Market 2017-2021’ provides an in-depth analysis of this marketplace in terms of emerging market trends and revenue. This market study report includes up to date forecasts and analysis for various market segments and all geographical regions.
Need for network connectivity, smartphone, and business operators are the significant drivers of this marketplace. Thinking about the revenue created according to software integration and subscription basis calculates the sector. A significant factor contributing is the usage rate of applications the services such as SMS, voice, and payment gateway are incorporated into software programs or the already existing web.
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Technavio’s analysts categorize the global telecom API marketplace into five sections by providers:
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The international telecom API market’s three sections are mentioned below:
International telecom API marketplace by SMS, MMS, and RCS
The API marketplace for SMS, MMS, and RCS services’ expansion rate will increase as a result of development during the forecast period. The support providers for SMS and MMS cover approximately 800 networks across the world. They supply SMS, RCS, and supply receiving and sending messages facility and MMS API that permit the website, in.
Availability of threading, reputable response courses, scalability are a few of the benefits of SMS, MMS, and RCS, and easy operation, easy and economical execution. For instance, at 2016 February, Bustova, a bus ticket booking mobile program, premiered. Globe Labs’ SMS API is used by the consumers to book their bus tickets and pay a reservation fee with their prepaid airtime. In the bus terminal, on the day of this trip, the user can pick up the ticket and cover the bus owner directly.
International telecom API marketplace by payment
On enterprise and safety breaches, the program developer focuses in associations across the world. Operators are currently deploying security solutions to keep their web and software safe. The significant factor is the increased need of the E-commerce and banking software.
According to Jujhar Singh, a lead M2M and connected devices research analyst in Technavio, “Through payment APIs, the e-commerce program such as Amazon.com and Flipkart.com can integrate payment API through checkout and purchase a page in their mobile program or web software. Thus, payment API isn’t just simple to integrate but also makes the developer’s life easier.”
International telecom API marketplace by maps/location
Location-based APIs or maps can use the location and provide details about the advertising to the end-users and offers in locations. The program developers use APIs, which are user friendly. The fall and selection time can be also estimated by the APIs and compute the costs.
“Location-based service highlights the restaurant location to the restaurant webpage. Additionally, services can be provided by the telecom service providers . Telecommunication delivers a whole portfolio of services, which enhances the services. The location-based services support the location info for both the indoor and outdoor surroundings,” says Jujhar.
The sellers emphasized by Technavio’s research analysts in this record are:
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