Telecom API -A Most Revolutionary Application Transforming The Telecommunication Industry

 

Telecom API is a set of programming instructions that enable the user to access a web-based application. This software is generally used for web applications and telecom related cloud applications. This includes payments, messaging, location sharing, webRTC, and identity management. These applications help organizations access the best network providers in the market, which in turn reduces their costs. Apart from this, it also helps in increasing customer loyalty and trust. Moreover, telecom API also helps organizations to provide better online marketing services as well as improve the services provided by them to their customers.

The growing demand for advanced telecom services is a prime factor fueling the market growth of the advanced telecom services telecom Application Programming Interface (API). Also, the increasing adoption of Machine-to-Machine (M2M) devices is contributing to the market growth of the telecom API. Furthermore, growing advancement in the information technology sector coupled with the increasing incorporation of cloud-based technologies is again expected to foster the market growth. For instance, MTN has extended its digital strategy with the launch of a new pan-African API marketplace called Chenosis for developers and businesses to discover and subscribe across the continent, ranging from telecommunications, e-health, e-government, IoT, fintech, e-commerce, etc.

From the geographical perspective, North America is expected to gain significant growth over the forecast timeframe and this is attributed to the strong presence of the information technology industry in the region. According to CompTIA, Inc., the United States is the largest tech market in the world, representing 32% of the total, or approximately $1.7 trillion for 2020. In the U.S. Tech services and software account for nearly half of spending in the U.S. technology market, significantly higher than the rate in many other global regions.

Key Developments:

In September 2019, TM Forum has announced the addition of three new APIs to its portfolio. Along with those three APIs, TM Forum has also announced an additional 17 APIs that were developed and contributed largely by Amdocs and Orange.

In October 2020, Tollring announced that it has developed its API framework to strengthen the integration of its complete portfolio of iCall Suite call analytics and call recording products with wider business applications and ecosystems.

In August 2020, Software AG and du, from Emirates Integrated Telecommunications Company (EITC), entered into partnership to provide a subscription-based licensing model for IoT services to its business customers in UAE.

In April 2020, Cisco and Google announced that they have entered into partnership to launch Cisco SD-WAN Cloud Hub with Google Cloud to extend applications into multi-cloud environments while also offering improved security, orchestration and service level agreements (SLAs.)