Market Scenario:
A telecom application programming interface (API) involves a set of building blocks such as protocols, definitions, and tools for designing software application for telecommunications. The global telecom API market is poised to grow at an impressive 18% CAGR and will cross market size USD 258 Billion by 2022.
Market Dynamics:
Drivers
Explosive growth of the telecom industry triggered by the advent of cloud PBX, which enables voice over the internet protocol (VOIP) for sending voice, data and SMS online is feeding the market growth. The growth is indirectly triggered by the growing adoption of SMS marketing using SMS platforms. The cost advantages of or voice and SMS via web has led to demand for free call and text apps popularly known as net calling apps especially for smartphones exemplified by Twilio.
Growing digitization, explosive adoption of smart devices, and
Article source: http://www.digitaljournal.com/pr/3775665
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