Global Telecom API Market to Post 23.6% CAGR from 2015 - 2022 with Elevated 4G Network Penetration:
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With 4G LTE network penetration on pace to reaching optimal penetration levels and the usage of smartphones hitting a new high every year, the growth of the telecom application programming interface (API) market is going to be exponential, says Transparency Market Research.
Browse Report: http://www.transparencymarketresearch.com/telecom-api-market.html
In its report “Telecom API Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”, the U.S. based market intelligence firm says that the market will be worth US$323.44 billion by 2022. The use of mobile applications is rising not just in the traditional markets of the west, but also in the rapidly-developing eastern markets.
The report segments the global telecom API market by service type into: Payment; maps and location; SMS, MMS, and RCS; identity management; WebRTC; voice/speech. Of these, the voice API segment held a 28% share in 2014. This segment will likely lose ground to WebRTC API services in the coming years.
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