Market Research Report
Europe Telecom Api Market Forecast 2022-2030
|Europe Telecom Api Market Forecast 2022-2030|
Published: May 10, 2022
Content info: 163 Pages
Delivery time: 2-3 business days
The Europe telecom API market is set to project a CAGR of 16.00% during the forecast period, 2022-2030. The growing demand for programmable telecom solutions and the advent of their business models offer growth opportunities. This is because the providers need to integrate open source software API to build applications for varied telecommunications applications. In addition, open API can be used to build software alongside generating novel creative approaches.
Netherlands, Nordic Countries, France, Germany, the United Kingdom, Italy, Spain, and Rest of Europe are evaluated for the Europe telecom API market growth assessment. In Germany, the thriving telecom sector is expected to fuel developments with regard to telecom API. This has further facilitated the entry of new players active in advanced technologies like AP to revolutionize and benefit the telecom industry.
In Spain, the rising adoption of API products across the end-use sectors has enabled steady technology advancements and upgrades. Additionally, market players are developing and launching API products. For instance, Square, a company that specializes in hardware, software, and payments solutions for businesses, announced its end-to-end solution, the only one of its type, in 2022.
The Nordic countries include Iceland, Denmark, Finland, Sweden, Norway, Aland, Greenland, and the Faroe Islands. The presence of a large number of telecommunication companies and the increasing deployment of API platforms and solutions by market players contribute to market growth. Whereas Sweden had the highest number of outgoing traffic minutes from mobile phones to national networks between 2015 and 2017. Such aspects raise the scope for the adoption and deployment of telecom APIs.
Some of the leading companies in the market are Orange SA, Nokia Corporation, Telefonica SA, Nexmo Inc, Twilio Inc, etc.