Telecom API Market Research Report - Forecast 2032

Telecom API Market Research Report Information By Type (Presence Detection, Location Determination Data, Others), By Service (SMS, Payment API, Location API, Others), By End User (Enterprise, Internal Telecom Developer, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

ID: MRFR/ICT/1733-HCR | 100 Pages | Author: Ankit Gupta | March 2024         

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Telecom API Market Overview


Telecom API Market Size was valued at USD 122.4 billion in 2022. The Telecom API market industry is projected to grow from USD 143.57 Billion in 2023 to USD 514.59 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.30% during the forecast period (2023 - 2032). Increasing adoption of cloud-based services and the proliferation of mobile devices are the key market drivers enhancing the market growth.


Telecom API Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Telecom API Market Trends


Growing demand for API monetization is driving the market growth


Market CAGR for telecom API is increased by the rising demand for monetization. As more companies use APIs to develop their products and services, the demand for API monetization solutions is growing. This trend is expected to continue, with APIs becoming increasingly important for generating revenue and improving customer engagement.


The increasing adoption of 5G Technology is another trend driving market growth. The roll-out of 5G technology is expected to significantly impact the Telecom API market, enabling faster data transfer rates and improved connectivity. Telecom APIs are an essential part of the 5G ecosystem, as they allow developers to create innovative applications and services that leverage the capabilities of 5G networks.


Emerging Edge computing is a distributed computing paradigm that brings computation and storage of data closer to the location where it is needed, reducing latency and improving performance. This trend is expected to impact the Telecom API market, as edge computing requires APIs to be able to interact with multiple devices and platforms across the network. As a result, the demand for edge computing solutions is expected to drive the growth of the Telecom API market in the coming years. Telecom API has prominent applications in all areas involving mobile applications and services such as location tracking apps, messaging apps, online mobile payments, and voice & video calls, among others. With the rising number of mobile service subscribers, the demand for mobile-based technologies has increased significantly.


Telecom APIs allow end-to-end IoT solutions as they act as a singular point of interaction between several nodes within a network, reducing the multiple third-party service providers for system integration. The growing IoT penetration is anticipated to be driving the Telecom API market revenue.


Telecom API Market Segment Insights


Telecom API Type Insights


The Telecom API market segmentation, based on type, includes presence detection, location determination data, and others. The presence detection segment type dominated the market. The growing need for innovation in the market is to adapt new technology and data to appreciate the telecom API market. It is estimated to balance development during the forecast period.


Figure 1: Telecom API Market, by Type, 2022 & 2032 (USD billion)


Telecom API Market, by Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Telecom API Service Insights


The Telecom API market segmentation, based on services, includes SMS, payment API, location API, and others. The SMS service category generated the most revenue in the market. SMS APIs are used for messaging services; companies are utilizing SMS services for personalized marketing efforts and enhancing customer engagement and experience, propelling the demand for messaging APIs.


Telecom API End User Insights


The Telecom API market segmentation, based on end users, includes enterprise, internal telecom developers, and others. The enterprise segment dominated the market by creating applications for external users majorly used in the announcement of offers, promotional activities, and changes in company policies, among others. Organizations mostly use bulk messaging tools & software that drive the market growth for telecom APIs.


Telecom API Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Telecom API market will dominate the market, owing to the rise in usage of numerous cloud-based services by different manufacturing systems and several sales channels. Furthermore, due to the expansion in funding, North America's web-based information technology industry is expected to rise speedily. In addition, major emerging nations have seen increased demand for services based on softwares. Thus, all of the factors are driving the growth of the North American telecom application programming interface (API) market.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: TELECOM API MARKET SHARE BY REGION 2022 (%)


TELECOM API MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe Telecom API market accounts for the second-largest market share due to the early adoption of technologies such as 5G and IoT. With the integration of 4G or 5G technology and APIs, communication services such as voice & video calls and video & speech integration services are delivered efficiently, and the productivity of businesses is improved to a greater extent. Further, the German Telecom API market held the largest market share, and the UK Telecom API market was the significant growing market in the European region.


The Asia-Pacific Telecom API Market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to the region's many mobile users and rapid digital transformation. In addition, technological developments are enabling a way to grow the telecom API market in the Asia-Pacific region. Moreover, China’s Telecom API market held the largest market share, and the Indian Telecom API market was the rapid growing market in the Asia-Pacific region.


For instance, the expansion and growth of the industry are expected to have moderate growth due to the growing penetration of mobile devices and increasing demand for advanced telecom services.


Telecom API Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Telecom API market grow even more. Market competitors are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Telecom API industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Telecom API industry to benefit clients and increase the market sector. In recent years, the Telecom API industry has offered some of the most significant advantages to medicine. Major players in the Telecom API market, including LocationSmart (US), Vodafone Group PLC (UK), Google (US), Vonage (US), Orange S. A., and others, are attempting to increase market demand by investing in research and development operations.


Infobip Ltd. was founded in Croatia in 2006. A Croatian IT and telecommunications company include omnichannel communications, a contact center, Chatbot, customer engagement, customer data platforms, and identity and security services. Infobip serves mobile network operators and enterprises, notably banks, social networks, and corporations. According to the Croatian Chamber of Economy, Infobip is one of the world's important provider of A2P SMS services. In April 2020, Infobip Ltd. established cooperation with Span, an information technology company that provides professional services and technical assistance to customers and organizations around the world as they seek to enhance their information systems. Through Infobip’s full customer interaction and experience portfolio of Conversations, Moments, and Answers, this alliance could allow Span to design integrated customer experiences throughout all customer journey phases.


Reliance Jio Infocomm Limited, doing business as Jio, is an Indian telecommunications company, located in Navi Mumbai, Maharashtra, India. It operates a national network with coverage across all 22 telecom circles. Jio offers 4G and 4G+ services all over India and 5G services in many cities. It is India's largest mobile network operator and the world's third-largest mobile network operator. Jio launched a fiber-to-the-home service, offering home broadband, television, and telephone services. In 2021, Reliance Jio achieved Open application programming interface (API) Platinum conformance certification, demonstrating the growing trend toward leveraging Open application programming interfaces (APIs) to assist in developing open ecosystems for telecom businesses.


Key Companies in the Telecom API market include




  • LocationSmart (US)




  • Nokia Corporation (Finland)




  • Vodafone Group PLC (UK)




  • Fortumo (Estonia)




  • Orange S.A. (France)




  • Verizon Communications Inc. (US)




  • Google (US)




  • Telefónica S.A. (Spain)




Telecom API Industry Developments


2024 (ongoing): 


More and more businesses are adopting Telecom APIs thanks to the rise of online communication, mobile data usage, and digital payments. This means faster growth for the market.


November 2023: 


Major players like Twilio and Nexmo are integrating AI into their APIs, making them smarter and more efficient for automating tasks and personalizing communications.


October 2023: 


APIs for 5G network access are being developed, promising lightning-fast internet speeds and opening doors for innovative applications like real-time video streaming and connected cars.


Telecom API Market Segmentation


Telecom API Type Outlook




  • Presence Detection




  • Location Determination Data




  • Others




Telecom API Service Outlook




  • SMS




  • Payment API




  • Location API




  • Others




Telecom API End User Outlook




  • Enterprise




  • Internal Telecom Developer




  • Others




Telecom API Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 142.1 billion
Market Size 2023 USD 165.2 billion
Market Size 2032 USD 407.9 billion
Compound Annual Growth Rate (CAGR) 16.26% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Service, End User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Vodafone Group PLC (UK), Fortumo (Estonia), LocationSmart (US), Google (US), Vonage (US), Verizon Communications Inc. (US), Nokia Corporation (Finland), Orange S. A. (France), AT&T Inc. (US)
Key Market Opportunities Rising entrance of the Internet of Things(IoT) Implementation of advanced local models
Key Market Dynamics Delivering cost-effective solutions timely Improving consumer experience and growth of large-scale software programs




Frequently Asked Questions (FAQ) :

The Telecom API market size was valued at USD 122.4 Billion in 2022.

The market is projected to grow at a CAGR of 17.30% during the forecast period, 2023-2032.

North American region held the largest share of the market.

The key players in the market are Vodafone Group PLC (UK), Fortumo (Estonia), LocationSmart (US), Google (US), Vonage (US), Verizon Communications Inc. (US), Nokia Corporation (Finland), Orange S. A. (France), AT&T Inc. (US)

The presence detection segment type dominated the Telecom API market in 2022.

The SMS service category had the largest share of the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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