Telecom API Market Size To Witness A Pronounce Growth By 2030
Telecom API Industry Overview The global telecom API market size is anticipated to reach USD 827.45 billion by 2030, expanding at a CAGR of 20.6% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. Growing demand for smartphones integrated with features such as 5G, digital wallets, GPS services, and near-field communication (NFC), among others, is projected to drive the market growth over the forecast period. API facilitates web-based solution developers to develop applications through a single point of contact utilizing the capabilities offered by the API platform for agile application development. Telecom API Market Segmentation Grand View Research has segmented the global telecom API market based on type, end user, and region: Based on the Type Insights, the market is segmented into Messaging API, WebRTC API, Payment API, IVR API, Location API, and Others. In 2021, the messaging API sub-segment held the ...