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Industry Research : Increasing Digitization in MNOs to Drive Telecom API Platform Market
According to a new market report published by Transparency Market Research entitled "Telecom API Platform Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," the global telecom API platform market is expected to reach a value of US$5.23 bn by 2022. The market is estimated to expand at a CAGR of 19.1% during the forecast period from 2015 to 2022.
The key driving factors for the global telecom API platform market include increasing competition between telecom carriers, particularly in emerging economies, coupled with the growing trend of digitization in MNOs. In the coming years, M2M and IoT are anticipated to provide potential growth opportunities to the global telecom API platform market.
Europe was the largest geographical segment of the telecom API platform market in 2014 with about one-third of the total market. The expansion of the Internet user base in Europe at a prolific rate, coupled with growing smartphone penetration, would contribute to the growth of e-commerce in Europe and would increase the number of APIs and thereby the need for operators to embrace API management platforms.
The T1 players occupied a major share of the telecom API platform market by telecom operator types in 2014. T1 players have the necessary infrastructure required to offer API services and these players mostly exist in established regional markets such as in North America and Europe. The telecom API platform market is significantly driven by T1 players as they make maximum investments in management platforms. T3 players are anticipated to grow the fastest, with an expected CAGR of 26.0% during the forecast period, as they lack any existing API service at present; however, they have an API strategy that would help them penetrate the telecom API platform market in the coming years.
The monetization and pricing model segment on the basis of module acquired the majority share of the telecom API platform market in the year 2014 due to continuous investments from T1 players on monetization and pricing for both internal and external APIs. Set-up service is the fastest-growing segment, projected to expand at a CAGR of 19.2% from 2015 to 2022 as the number of T3 players grows in the market intend to adopt API services in the near future.
The global telecom API platform market is segmented as below:
By Telecom Operator
Monetization and Pricing Model
Rest of North America
Rest of Europe
Rest of APAC
Middle East and Africa (MEA)
Rest of MEA
Rest of Latin America
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Published: Monday, May 2, 2016