ALBANY, New York, June 8, 2016 /PRNewswire/ --
Transparency Market Research, in a report titled "Telecom API Platform Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," states that the global telecom API platform market is forecast to expand at an impressive CAGR of 19.10% from 2015 to 2022, with the value of the market expected to rise from US$1.3 bn in 2014 to US$5.2 bn by 2022. Stiff competition between multinational organizations and the surge in digitization have greatly boosted the adoption of API platforms.
Application programming interface (API) technology allows the exchange of information between two companies at an unprecedented scale. Telecom API platforms allow telecom operators to establish their own API and offer their services to a larger number of external developers. API platforms have emerged as one of the major sources of revenue for telecom operators and as a result, the demand for the same has increased in recent times.
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Based on telecom operator, the telecom API platform market is segmented into T1, T2, and T3 players. T1 players are telecom operators who already possess telecom API management platforms and have been offering API services to developers for the past few years. T2 players are those who have started offering API services via telecom API management platforms and wish to externally expose the APIs to enterprises in the coming years. T3 players are operators who do not, at the moment, possess the capabilities to offer API services as they have no tie-ups with telecom API management providers. Among these, T1 players are the largest contributors to the global telecom API platform market.
Based on module, the telecom API platform market is categorized into monetization and pricing model and set-up. The segment of monetization and pricing model is further broken down into vendor share and operator share and in 2014, this segment held the largest share in the telecom API platform market owing to rising investments from T1 players. Set-up services, on the other hand, are anticipated to expand at a 19.20% CAGR from 2015 to 2022 thanks to the surge in the number of T3 players.
Browse In Detail Regional Analysis: http://www.europlat.org/telecom-api-platform-market.htm
The global telecom API platform market is geographically divided into Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. In 2014, Europe dominated the overall telecom API platform market, accounting for one-third of the global market. The surge in smartphone penetration, the prolific rise in the internet user base in the region, and the rapid growth of e-commerce are some of the key factors driving the Europe telecom API platform market. Regions such as Latin America, Asia Pacific, and the Middle East and Africa are projected to pick up pace in the coming years, according to the research report.
Apigee Corporation, Oracle Corporation, Hewlett Packard Company, Axway Software S.A., Tropo, Inc., ZTE Corporation, Huawei Technologies Co. Ltd., Aepona Ltd., Ericsson, and Alcatel Lucent are some of the most prominent names in the global telecom API platform market. These players have been profiled in the research report based on aspects such as company and financial overview, product portfolio, business strategies, and recent developments.
Browse the press Release: http://www.transparencymarketresearch.com/pressrelease/telecom-api-platform-market.htm
Telecom API Platform Market, by Telecom Operator
Telecom API Platform Market, by Module
Telecom API Platform Market, by Geography
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