Editor's note: Be sure to check out our research on the overall growth of Web APIs since 2005. At the time of writing, this is the most recent data we have, but check the research page to see if we have a more updated article. We will be continually updating the overall growth chart with other charts getting updated on a less frequent basis.
Mind Commerce, a digital technologies and telecommunications research organization, published a new API-centric study: Telecom API Market Outlook and Forecasts 2017 - 2022. The report indicates that the telecom API market has made significant strides in the past few years, but there are numerous segments of untapped growth potential and the overall market is expected to continue its upward trend. The report addresses some legacy telecom API services related to consumer centric and handset services playing a lesser role in telecom API growth, and newer tech (e.g. internet of things) driving future growth in the space.
The study aggregates and analyzes data gathered over a five year period. Trends uncovered during the study include large carriers in developed economies dominating the market, while smaller CSPs and the developing world participating to a lesser extent. The study suggests that the opportunity in the developing world, as well small CSPs is significant moving forward.
The study predicts a number of telecom API market changes in the next five years:
- Non-IoT telecom API revenue growth flattening by 2022
- Overall telecom API market revenue reaching $207 billion by 2022
- IoT telecom API services becoming the leading driver of future growth
The study looks specifically at a number of companies including AT&T, France Telecom, Mulesoft, Telefonica, Verizon, and more. In addition to growth areas, the report addresses some specific untapped opportunities including carrier branded application stores, B2B revenue to third parties, and more. To download the report visit Research and Markets.