Market Research Report
North America Telecom Api Market Forecast 2022-2030
|North America Telecom Api Market Forecast 2022-2030|
Published: May 10, 2022
Content info: 168 Pages
Delivery time: 2-3 business days
The North America telecom API market growth is expected to progress at a CAGR of 16.42% during the forecast period, 2022-2030. The surging use of smartphones and applications has led to the large-scale adoption of API-related technologies. Also, the rising innovative developments in technologies benefit the stakeholders in the market. Besides, the growing research and development for finding new applications further increase the region's growth prospects.
The United States and Canada are evaluated for the North America telecom API market growth analysis. In Canada, the market growth is driven by technological advancements, the flourishing telecommunication industry, and the key strategic developments by the main market players. As per the Canadian Radio-television and Telecommunications Commission, Government of Canada, the telecommunications revenues accounted for $53.4 billion in 2020. This is attributed to the country's population's increasing use of massive data usage through the internet and mobile services.
Further, the continual use of connected, intelligence, and smart ecosystem across industries has resulted in a demand for efficient and accurate devices with fewer delays. Besides, connected devices need high-level security features to avoid any data breach in the device, the cloud, and communication channels. Accordingly, the government and federal bodies are actively engaged in making IoT devices secure.
Some of the prominent firms in the market include Cisco Systems Inc, Nexmo Inc, Orange SA, LocationSmart, Nokia Corporation, etc.