Rapid Technological advances and the increasing penetration of cloud-based services will drive the Telecom API Growth upwards
Telecom API |
An Application Programming Interface (API) is a computer
interface that specifies how a group of software intermediaries communicate.
Developers may use the Telecom API to construct apps that interact with various
devices on a single network. Typically, a telecom provider would give APIs for
SMS, MMS, location, voice, and payment, allowing the developer to incorporate
the appropriate API into their application. The developer may be charged based
on the number of APIs used in the application by the telecom provider. By
handling the rising number of users in a network, the Telecom API increases the
scalability and flexibility of an application.
According to Coherent
Market Insights, The global Telecom
API Market was accounted for US$ 194.2 Bn in terms of value in 2019
and is expected to grow at CAGR of 23.6% for the period 2020-2027.
In the near future, the use of mobile internet and cloud
technologies is likely to promote the use of mobile applications. According to
the Cisco Visual Networking Index 2014 - 2019 research, worldwide mobile data
traffic is predicted to grow at a CAGR of roughly 57% from 2014 to 2019,
surpassing 24.3 Exabytes by 2019. Furthermore, according to the 2015 Mobile
Economy Report by the Groupe Speciale Mobile Association (GSMA), the number of
individuals utilising mobile Internet is predicted to reach 3.8 billion by
2020. The rapid adoption of telecom API for data and video storage in
telecom-owned cloud systems is likely to accelerate due to the rapid rise of
mobile cloud.
Until January 2015, 352 telecom operators had built 4G LTE
(Long-Term Evolution) networks across 124 countries, according to GSMA
Intelligence. For uninterrupted music and video streaming, 4G LTE provides
high-bandwidth internet access. In addition, 4G LTE offers voice over LTE (VoLTE),
which is based on IP multimedia technologies and allows for high-clarity voice.
For a given telecom tower, 4G LTE removes the need for separate voice and data
networks. VoLTE may be used with RCS and video calls over LTE, allowing users
to send MMS, chat, share files, and transfer videos.
The telecom API is used to construct apps that are
interoperable with numerous devices on a single network. Customer Service
Points (CSPs) may use the telecom APIs to add services like real-time
communications, messaging, payment choices, and more. Several nations,
including India and Spain, have declared a state of emergency owing of the
COVID-19 pandemic. Companies are having meetings on online platforms as a
result of this, and investment on IT infrastructure has surged as a result of
government laws and regulations. For example, in July 2020, India's Department
of Communications ordered IT businesses to allow their staff to work from home
until December 31, 2020.
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