The major drivers of the global telecom application programming interface market

Increased demand for smartphone, network connectivity, and carrier operators are the major drivers of the market. The market is calculated by considering the revenue generated from APIs based on new software integration and subscription basis.

According to Technavio Research, a major factor contributing to the revenue generation from 2016 to 2017 is the increased utilization rate of applications, wherein the services such as SMS, voice, and payment gateway are integrated into the already existing web or software applications.