Zion Market Research has published a new report titled "Telecom API (SMS, MMS & RCS, Payment, Voice/Speech, Maps & Location, Identity Management, Web-RTC and Others) Market For Internal Telecom Developer, Enterprise Developer and Partner Developer Users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021" According to the report, the global telecom API market was valued at approximately USD 54.5 billion in 2015 and is expected to reach approximately USD 310.0 billion by 2021, growing at a CAGR of around 22.0 % between 2016 and 2021.
Application Programming Interface (API) is network infrastructure and platforms to develop applications for that system. API enhances the capabilities of an application developed by the group. It includes basic functions, such as dialing, answering, and hanging up a call. It is the set of symbols, which are exported and available to the users of a library to develop their applications. The API forms the interface between the application and the resources in the device. Telecom API helps to operate applications and services independently.
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