ResearchAndMarkekts.com latest study, the “Telecom API Market – Growth, Trends, Forecasts (2020 – 2025)” report, has the sector growing more than 17.33 percent from 2020 to 2025.
The study cites rapid innovations in technology, along with the increasing penetration of cloud-based services across the telecom sector as the drivers to the growth.
Telecom APIs allow carriers to capitalize on the existing network infrastructure and capabilities to develop a range of business opportunities for carriers, worldwide. Carriers have a range of under-utilized assets they can leverage to drive incremental revenues.
Some mobile network operators already are leveraging telecom APIs to support robocall detection and unwanted call management. Some of these processes and procedures may become a bridge toward the mediation of loT network authentication and authorization.