#Telecom Application Programming Interface (API) Market Growth

[xettle-technologies]

How Are Fintech Startups Scaling Across Borders?

The rise of fintech startups has disrupted traditional financial models, offering smarter, faster, and more inclusive solutions to consumers and businesses worldwide. As the fintech global landscape evolves, one of the most intriguing trends is the rapid expansion of fintech startups beyond their domestic markets. With technology as their backbone and innovation at their core, these startups are scaling across borders by leveraging digital infrastructure, regulatory flexibility, customer-centric models, and strategic partnerships.

The question isn’t just whether fintech startups can scale globally—it’s how they’re doing it successfully. Here's a closer look at the strategies, challenges, and growth enablers driving the cross-border expansion of fintech services.

1. Cloud Infrastructure and API Integration

One of the fundamental enablers of global scalability for fintech startups is the use of cloud-based systems and Application Programming Interfaces (APIs). These technologies allow fintech platforms to quickly deploy services across countries without building separate physical infrastructure.

For example, cloud-native architecture makes it easier to handle customer data securely and efficiently from different regions, while APIs enable integration with local banking systems, payment gateways, and regulatory reporting tools. These technical advantages empower fintech firms to launch and scale fintech services in new markets with minimal friction.

2. Understanding Local Compliance and Regulation

Expanding across borders isn't just about technology—it also requires a deep understanding of regulatory environments. Each country has unique financial laws, data protection standards, and compliance requirements. Fintech startups that succeed globally are those that invest in localized legal teams or RegTech solutions to ensure they meet all relevant regulatory expectations.

Moreover, global regulators are increasingly supportive of fintech innovation. Many countries have established fintech sandboxes, regulatory hubs, and open banking frameworks to facilitate the entry of foreign players. This regulatory openness has fueled the rise of fintech global, providing startups a chance to test, adapt, and thrive in foreign markets with limited risk.

3. Localization of Services

To appeal to users in different regions, fintech startups must tailor their services to meet local needs, preferences, and languages. This goes beyond just translating an app’s interface—it involves adapting the product offering to align with cultural norms, financial behaviors, and user expectations.

For instance, in emerging markets where mobile penetration is high but credit card access is low, fintech startups may focus on mobile wallets and micro-lending instead of traditional digital banking. By aligning fintech services with local user demands, startups enhance adoption and build trust in new markets.

4. Digital-First and Mobile-Driven Models

Another driver of cross-border success is the mobile-first approach adopted by most fintech startups. In both developed and developing markets, mobile banking and digital payments have gained immense popularity. Startups that prioritize mobile usability and digital onboarding can easily replicate their models in new geographies with high smartphone usage.

This digital-first model eliminates the need for physical branches, allowing startups to scale faster and reach users in remote or underserved areas. The result is a more inclusive fintech global ecosystem where anyone with a smartphone and internet access can benefit from modern financial tools.

5. Partnerships and Strategic Alliances

Forging partnerships with local banks, telecom providers, e-commerce platforms, and government institutions is a proven strategy for scaling across borders. These partnerships offer instant access to large user bases, existing payment infrastructures, and valuable market insights.

Startups also collaborate with global fintech accelerators and venture capital firms that provide mentorship, funding, and market access. Strategic alliances enable startups to navigate unfamiliar markets more confidently and scale their fintech services effectively.

6. Cross-Border Payment Solutions

One of the core areas where fintech startups are excelling globally is cross-border payments. Traditional international transfers are expensive, slow, and inefficient. Fintech solutions that use blockchain, decentralized finance (DeFi), and real-time payment rails are transforming the global remittance and international trade landscape.

By offering transparent, fast, and low-cost cross-border transactions, fintech startups are solving a massive pain point for millions of migrants, freelancers, and international businesses. This innovation is a key pillar of the expanding fintech global ecosystem.

7. The Role of Xettle Technologies

A notable example of a fintech company pushing boundaries is Xettle Technologies. With a strong focus on delivering scalable, AI-driven, and cloud-based fintech services, Xettle Technologies has embraced global standards while adapting to local market dynamics. Their approach to seamless integration, security-first infrastructure, and user-centric innovation allows them to confidently scale across borders and contribute to financial inclusion worldwide.

Conclusion

Scaling across borders is no longer a challenge reserved for large multinational corporations. Fintech startups are breaking barriers with digital innovation, strategic localization, and regulatory intelligence. As the fintech global movement accelerates, startups are seizing the opportunity to redefine financial services for a worldwide audience.

From cloud technology to cross-border payments and strategic alliances, the future of global fintech is being shaped by startups that think globally but act locally. With companies like Xettle Technologies leading by example, it's clear that the next wave of financial innovation knows no borders.

[industrystudyreport]

The Future is Now: Navigating the Data Monetization Market Evolution

Data Monetization Industry Overview

The global Data Monetization Market was valued at approximately USD 3.24 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 25.8% from 2024 to 2030. Data monetization involves the exchange of data between organizations to generate new revenue streams. This can be categorized into two main types: direct and indirect data monetization. Direct data monetization includes the sale of unprocessed data, the commercialization of a company's analyses, data bartering or trading, and the development of application programming interfaces (APIs). Conversely, indirect monetization focuses on leveraging data to achieve tangible benefits such as cost reduction, enhanced productivity and efficiency, the creation of novel products or services, and the identification of new customer segments or business opportunities. For example, with user consent, Uber shares its ride data with companies in the food and retail sectors, enabling these businesses to identify promising locations for new establishments.

Several factors are expected to propel market growth, including the increasing volume of enterprise data, a growing understanding of data monetization's potential, and the availability of external data sources. Additionally, the rising application of data processing and artificial intelligence, the increasing adoption of data-driven decision-making strategies, and advancements in big data analytics are anticipated to further stimulate growth throughout the forecast period.

Detailed Segmentation:

Method Insights

Embedded analytics segment is expected to witness a significant CAGR of 26.2% from 2024 to 2030. Embedded analytics can integrate existing applications with additional features such as data visualization, dashboard reporting, and analytics. This method accelerates time to market, creates customized embedded analytics solutions, and lowers TCO. Similarly, insight as a service combines external and internal data sources that use analytics to provide data insights. This method can support specific datasets and provide updated data to customers.

Organization Size Insights

The SMEs segment is expected to grow at the fastest CAGR of 29.4% from 2024 to 2030. The rising adoption of data monetization by SMEs to sustain in the competitive market is expected to power the segment growth over the forecast period. Furthermore, SMEs are expected to face resource shortages, resulting in business complexities and the increased need to optimize costs. In this situation, the rising presence of cloud-based data monetization is expected to play a pivotal role in ensuring reduced operations costs and increased efficiency, thereby positively affecting segment growth.

Vertical Insights

The telecommunications & IT segment is expected to witness a significant CAGR of 26.7% from 2024 to 2030. The increasing amount of data generated by these companies, the growing demand for data-driven decision-making, the increasing adoption of cloud computing, and the growing popularity of big data analytics. These factors make it easier for telecom and IT companies to store, analyze, and monetize their data.

Regional Insights

The data monetization market in the U.S. is growing significantly at a CAGR of 23.1% from 2024 to 2030. Growing government focus on encouraging digitization across industries to improve the transparency of processes is creating a positive outlook for the U.S. market. Furthermore, advancements in emerging technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) are expected to drive the market growth in the region. In addition, various IT and telecom companies are shifting their businesses to Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) platforms in the U.S. to initiate remote operation management. This has bolstered the demand for system infrastructure software in the IT and telecom sectors in the region.

Gather more insights about the market drivers, restraints, and growth of the Data Monetization Market

Key Companies & Market Share Insights

Some of the key companies include Accenture, Cisco, and IBM Corporation, and others are some of the leading participants in the global data monetization market.

Accenture provides technology solutions and professional services in areas such as network management and consulting. It operates through five business lines: Accenture Technology, Accenture Operations, Accenture Digital, Accenture Strategy, and Accenture Consulting. The company offers business process services, infrastructure services, security services, and cloud services under the Accenture Operations business line.

Cisco Systems, Inc. specializes in developing and distributing hardware and software solutions. The company serves industries such as mining, oil and gas, smart buildings, retail, education, financial services, government, transportation, utilities, healthcare, insurance, and entertainment. It offers solutions across a range of technologies, including cloud, data center, network infrastructure, mobility, IoT, security, AI, and analytics and automation.

Key Data Monetization Companies:

The following are the leading companies in the data monetization market. These companies collectively hold the largest market share and dictate industry trends.

Accenture

Adstra

Cisco Systems, Inc.

Comviva

Domo, Inc.

Thales (Gemalto NV)

Gulp Data

IBM Corporation

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

Recent Developments

In February 2024, Gulp Data announced a partnership with Snowflake that enables organizations to explore, share, and unlock value from their data, providing data valuation, data-backed loans, and data monetization services.

In December 2023, Thales completed the acquisition of Imperva. By providing the most comprehensive solutions for the broadest range of application, data security, and identity use cases, Thales and Imperva will help customers address cybersecurity challenges that are increasing rapidly in frequency, severity, and complexity.

[industrynewsupdates]

Telecom API Market Size, Share And Trends Analysis Report

The global telecom API market was valued at USD 827.45 billion in 2030 and is estimated to expand at a CAGR of 21.3% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. Growing demand for smartphones integrated with features such as GPS services, digital wallets, 5G, and Near-Field Communication (NFC), among others, is estimated to drive the market growth in the forecast period. Application programming interface (API) facilitates web-based solution developers to develop applications through a single point of contact using the capabilities offered by the application programming interface (API) platform for agile application development.

The increasing adoption of the Internet of Things (IoT) in the telecommunication sector is anticipated to sustain market growth over the forecast period. CSPs such as Orange, Verizon, AT&T, Inc., Google LLP, and others are providing their IoT API platforms to various sectors such as transportation, retail, utilities, and manufacturing among others. AT&T has an API marketplace to help solution providers quickly build web-based collaboration apps for their text, video, voice, and other communications services. The IoT platform developed by Orange namely Live Objects forms connections centrally through a web portal and standard API.

Web Real-Time Communication (WebRTC) API is a compilation of various standard APIs and protocols that handle simultaneously facilitate data sharing and peer-to-peer teleconferencing eliminating the necessity for installing any additional third-party plug-ins. The Telecom API market is expected to witness significant growth owing to the rising adoption of WebRTC by various Communication Service Providers (CSPs) and technology providers such as AT&T Intellectual Property, Huawei Technologies Co., Ltd., Vodafone Group, Orange, Cisco Systems, Inc., and Google among others. However, stringent government regulations for end-user data protection are expected to act as an inhibitor to market growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Telecom API Market

Telecom API Market Report Highlights

• The messaging API segment of the telecom API market is predicted to account for the largest market share in 2022 and is expected to expand at a CAGR of 21.4% in the forecast period. This growth is attributed to the increasing adoption of A2P messaging by large organizations for applications such as product announcements, and promotional activities among others.

• The partner developer segment is estimated to expand at the fastest CAGR of over 22.0% in the forecast period. Thus, growth can be attributed to the rising number of internet users and increasing adoption of over-the-top (OTT) media services by organizations.

• Asia Pacific held a maximum revenue share of over 28% in 2022 and is projected to witness a healthy CAGR in the forecast period. This growth is owing to the increasing number of smartphone users in countries such as India and China.

• The telecom API market is fragmented and characterized by high competition with the presence of major global players such as among others. These companies are adopting various organic and inorganic growth strategies such as collaborations, mergers & acquisitions to increase their market presence and expand their existing product portfolio.

Telecom API Market Segmentation

Grand View Research has segmented the global telecom API market based on type, end-user, and region:

Telecom API Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Messaging API

• Web RTC API

• Payment API

• IVR API

• Location API

• Others

Telecom API End-user Outlook (Revenue, USD Billion, 2018 - 2030)

• Enterprise Developers

• Internal Telecom Developers

• Partner Developers

• Long Tail Developers

Telecom API Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Rest of Europe

• Asia Pacific

o China

o India

o Japan

o Rest of Asia Pacific

• Latin America

o Brazil

o Mexico

o Rest of Latin America

• Middle East & Africa

Order a free sample PDF of the Telecom API Market Intelligence Study, published by Grand View Research.

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The In-Building Wireless Market is projected to grow from USD 14772.25 million in 2024 to an estimated USD 24448 million by 2032, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032.The global Master Recharge API (Application Programming Interface) market is rapidly evolving, driven by the growing demand for seamless and efficient digital payment solutions. With the increasing penetration of smartphones and the surge in digital financial services, this market is witnessing a significant boost. Businesses across various sectors, from telecom to e-commerce, are leveraging these APIs to provide recharge and utility payment services to their customers. A Master Recharge API serves as an intermediary that connects service providers with end users. It allows businesses to integrate recharge services for mobile, DTH (Direct-to-Home), data cards, utility bill payments, and more into their platforms. Through a single API integration, companies can access multiple service providers, ensuring a seamless user experience.

Browse the full report https://www.credenceresearch.com/report/in-building-wireless-market

Market Drivers

Growing Smartphone Penetration: With billions of smartphone users worldwide, there is a surging demand for digital payment and recharge services. Mobile recharges, bill payments, and subscription renewals are now a part of everyday life, creating a robust demand for Master Recharge APIs.

Digital Transformation: Governments and organizations are promoting cashless transactions and digital ecosystems, further fueling the need for APIs that streamline payment processes.

E-commerce Growth: E-commerce platforms often integrate recharge and bill payment services to enhance customer retention and engagement. Master Recharge APIs enable them to offer these services efficiently.

Rising Demand for White-Label Solutions: Businesses, especially startups, prefer white-label recharge platforms powered by Master Recharge APIs to reduce development costs and accelerate time-to-market.

Challenges in the Master Recharge API Market

Despite its growth, the Master Recharge API market faces some challenges:

Security Concerns: As digital transactions increase, so does the risk of cyberattacks and fraud. Ensuring robust security measures is a priority.

Market Saturation: The entry of numerous players has led to fierce competition, making differentiation a challenge for API providers.

Regulatory Compliance: Adhering to varying regulations across regions can be complex, especially in cross-border operations.

Technological Integration: Businesses need to ensure that APIs are compatible with their existing systems, which can sometimes pose difficulties.

Emerging Trends

The Master Recharge API market is adapting to changing consumer behavior and technological advancements. Notable trends include:

Blockchain Integration: Blockchain technology is being explored to enhance transparency, security, and efficiency in transactions.

AI-Powered Insights: Artificial Intelligence (AI) is being used to provide data-driven insights, helping businesses improve customer experience.

Expansion into Rural Areas: With increasing internet penetration, API providers are targeting underserved regions to broaden their customer base.

Personalized Offerings: Companies are focusing on tailored solutions to meet the unique needs of businesses and consumers.

Future Outlook

The Master Recharge API market is expected to grow exponentially in the coming years. With advancements in technology and the increasing reliance on digital payment systems, this sector presents immense opportunities for innovation and expansion. Industry players must focus on improving API security, scalability, and user experience to stay competitive.

Key Player Analysis:

Airspan Networks

Cobham Limited

CommScope, Inc.

Corning Incorporated

Huawei Technologies Co., Ltd.

JMA Wireless

Nokia

Samsung Electronics Co., Ltd.

TE Connectivity

Telefonaktiebolaget LM Ericsson

Segmentation:

By Solutions:

System Components

Hardware

Software

Services

 By System Components:

Antennas

Cabling

Distributed Antenna System

Repeaters

Small Cells

By Business Type:

Existing

New

By Building Size:

Large and Medium Buildings

Small Buildings

By Business Models:

Carrier

Enterprise

Host

By Application:

Commercials

Residential

Government

Hospitals

Industrial Uses

Defense

Retail

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/in-building-wireless-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.comWebsite: www.credenceresearch.com

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API Security Market - Forecast (2024-2030)

API Security Market Overview:

API Security Market size is estimated to reach $6.3 billion by 2030, growing at a CAGR of 25.4% during the forecast period 2023-2030. Increasing adoption of APIs to leverage cloud-based services and build digital ecosystems is driving the demand for API security solutions among organizations. This trend is expected to boost the growth of the API Security Market during the forecast period.

Additionally, the rising number of cybersecurity threats is compelling organizations to adopt API security solutions. APIs are a common target for attackers willing to disrupt services or steal data. As per recent studies, it was estimated that US-based companies have lost somewhere between $12 billion and $23 billion in 2022 alone from API data breaches. Organizations are investing in API security solutions to mitigate these risks and ensure the security of their sensitive data. These factors positively influence the API Security industry outlook during the forecast period.

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API Security Market - Report Coverage:

The “API Security Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the API Security Market.          Attribute          Segment

By Deployment Type

On-premise

Cloud-based

By Solution

API Security Software

API Security Solution

By Organization Size

Small Enterprises

Medium Enterprises

Large Enterprises

By End Use Verticals

BFSI

IT & Telecom

Government

Healthcare and Life Sciences

Retail and E-commerce

Media & Entertainment

Travel & Hospitality

Education

Power & Utilities

Industrial

Others

By Geography

North America (U.S., Canada and Mexico)

Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis:  

● The COVID-19 pandemic accelerated the adoption of digital technologies and cloud-based solutions, which has led to increased use of APIs by organizations. The raised concerns about security have boosted the demand for API security solutions. On the other hand, the pandemic has caused economic uncertainty, causing some organizations to cut back on IT spending, especially on investment in API security solutions. Also, the shift to remote work has made it difficult for the organizations to secure their APIs in this new environment.

● The conflict between Russia and Ukraine could lead to an increase in cyberattacks, including attacks on APIs. This would boost the demand for API security solutions as organizations look for ways to protect themselves from these threats. Also, the conflict is causing economic uncertainty in the region, which could impact the IT spending and investment in API security solutions. Additionally, the supply-chain disruptions caused by the conflict may impact the availability of IT resources, which could further impact the market.

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Key Takeaways:

● Fastest Growth of Asia-Pacific Region

Geographically, in the global API Security market share, Asia-Pacific is analyzed to grow with the highest CAGR of 25.9% during the forecast period 2023-2030. The increasing adoption of APIs and cloud-based solutions in the region along with the rising number of cyber threats and regulatory compliance requirements are boosting the growth of the region's API Security Market share. According to Imperva, a cybersecurity firm, APAC governments have taken a variety of approaches to open banking and the advent of open banking has brought about a transformative shift for both businesses and consumers. With the growing demand for these services, banks and fintech companies will increasingly depend on application programming interfaces (APIs).

● Cloud-based Segment to Register the Fastest Growth

In the API Security Market analysis, the cloud-based segment is estimated to grow with the fastest during the forecast period. There are several factors boosting the growth of this segment. Firstly, cloud-based API security solutions can easily scale up or down depending on the changing needs of the organization. It offers greater flexibility than on-premise solutions. Also, cloud-based solutions usually require lower upfront costs. 

● BFSI Sector is the Fastest Growing Segment in the Market

According to the API Security Market forecast, the BFSI sector is estimated to register the fastest growth during the forecast period. The financing institutions are increasingly adoption APIs to enable new digital services, such as peer-to-peer payments and mobile banking. These services require strong API security to prevent fraud, protect customer data and comply with regulatory requirements.

According to the Salt Labs State API Security Report Q1 2022, API attack traffic has increased 681 percent in the past 12 months (of publishing the report). Since financial institutions and fintech firms hold tremendous amount of valuable data, they are the perfect target for such attackers.

● Increasing Adoption of APIs

APIs are increasingly becoming a crucial component for modern digital businesses. They allow organizations to share data and services quickly and easily between different systems and applications. However, APIs create new security risks, making API security solutions critical to protect against cyber threats while ensuring regulatory compliance. This is one of the major factors driving the growth of the API Security Market during the forecast period.

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● Growth of Digital Transformation Initiatives

The growth of digital transformation initiatives is analyzed to witness significant growth during the forecast period 2023-2030 as organizations strive to remain competitive in the digital age and keep up with evolving technologies. Data and analytics will increasingly contribute to innovation, helping businesses derive insights and achieve desired outcomes As per IndustryARC’s findings, the global digital transformation market is projected to surpass $1.3trillion by 2027. The shift to software-as-a-service (SaaS) platforms is expected to dominate the digital transformation landscape, enabling easier collaboration, improved productivity, and organizational flexibility. These trends underscore the ongoing need for organizations to adapt, innovate, and leverage digital technologies to drive growth, meet evolving customer expectations, and address market dynamics. APIs can facilitate the integration of various digital tools and services, enabling organizations to effectively implement their digital transformation strategies and leverage the benefits of automation, data analytics, and SaaS platforms. By leveraging APIs, organizations can seamlessly connect different systems, access relevant data, and streamline processes, ultimately accelerating their digital transformation efforts and achieving desired outcomes. The growing adoption of APIs is further set to drive the API security market during the forecast period.

● API Security implementation challenges and risks to impede to market growth

Implementing API security can pose several challenges and risks that organizations need to address. APIs expose endpoints that handle object identifiers, increasing the attack surface and creating potential vulnerabilities for Object Level Access Control issues which can lead to unauthorized access and data exposure. Implementing authentication mechanisms incorrectly can compromise authentication tokens and allow attackers to assume other users' identities. Weak authentication methods or flawed implementation can lead to unauthorized access and compromised API security. Lack of or improper authorization validation at the object property level can lead to excessive data exposure or manipulation by unauthorized parties. APIs require resources such as network bandwidth, CPU, memory, and storage to fulfill requests. Without proper rate limiting and resource management, malicious actors can launch Denial of Service (DoS) attacks, exhausting resources and disrupting API availability. These technical challenges are set to hinder the API security market growth in the future. 

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the API Security Market.

The top 10 companies in this industry are listed below:

1. Akamai Technologies (Prolexic, Kona Site Defender)

2. Amazon Web Services, Inc. (AWS Shield, AWS WAF)

3. Apigee Corp. (Apigee Edge, Apigee Sense)

4. Auth0® Inc. (Auth0 API Management, Auth0 WebAuthn Passwordless)

5. Axway Software SA (Axway API Gateway, Axway SecureTransport)

6. Barracuda Networks, Inc. (Barracuda CloudGen Firewall, Barracuda WAF-as-a-Service)

7. Computer Associates International, Inc. (CA API Gateway, CA Single Sign-On)

8. Checkmarx Ltd. (Checkmarx CxSAST, Checkmarx CxIAST)

9. Cisco Systems, Inc. (Cisco Umbrella, Cisco API Security)

10. Cloudflare, Inc. (Cloudflare API Shield, Cloudflare Access)

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Scope of Report: Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

25.4%

Market Size in 2030

$6.3 billion

Segments Covered

Deployment Type, Solution, Organization Size, End User Vertical and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

Akamai Technologies

Amazon Web Services, Inc. (AWS)

Apigee Corp. (Google Cloud)

Barracuda Networks, Inc.

Cisco Systems, Inc.

Cloudflare, Inc.

ForgeRock, Inc.

IBM Corp.

Imperva, Inc.

Rapid7, Inc.

Key Market Players

Akamai Technologies

Amazon Web Services, Inc. (AWS)

Apigee Corp. (Google Cloud)

Barracuda Networks, Inc.

Cisco Systems, Inc.

Cloudflare, Inc.

ForgeRock, Inc.

IBM Corp.

Imperva, Inc.

Rapid7, Inc.

[oliviadlima]

Web Real-Time Communication Market Overview Research 2020 | Share, Growth Analysis and Forecast to 2027

According to a recent report published by Allied Market Research, titled, “Web Real-Time Communication Market by Component, WebRTC Enabled Devices, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020–2027,” the global market was valued at $2.73 billion in 2019, and is projected to reach $45.91 billion by 2027, growing at a CAGR of 41.7% from 2020 to 2027.

Web real-time communication or WebRTC is an open source collection of application programming interface (API) and communication protocols that enable real-time communication for web browsers and mobile applications. It allows video or audio communication inside web pages by enabling real-time peer-to-peer connection without the need to install additional plugins or native apps. This technology facilitates easy and cost-effective communication in terms of voice, video, and other data. The technology enables video chat, video conferencing, audio call, audio conferencing, text chats, file sharing, gaming, and social networking, typically with internet browsers as endpoints. WebRTC offers real-time communication at low costs with high performance and encryption support.

As WebRTC is adaptable to different system conditions and it is also interoperable with Unified Communications (UC) or Voice over Internet Protocol (VoIP), it facilitates organizations in seamless coordination & communication through their current framework, which is expected to boost the web real-time communication market growth. In addition, rise in adoption of BYOD trend, webification of communications systems, and growth in adoption of WebRTC solution to offer better customer assistance & enhance customer experience are major factors that drive the growth of the market. Moreover, integration of AI and increase in use cases of WebRTC in IoT are anticipated to create lucrative opportunities for the WebRTCmarket expansion.

The solution segment held the majority of the global web real-time communication market share in 2019, and is projected to maintain its dominance during the forecast period. The services segment is expected to witness highest growth rate of 43.8% from 2020 to 2027. This is attributed to need of enterprises to find suitable WebRTC solution and help integrate it with other enterprise applications. Increase in adoption of WebRTC solutions is also expected to boost the demand for these services.

The mobiles segment accounted for the major share among WebRTC enabled devices, owing to rapidly increasing number of smartphone users, growing popularity of communication apps among millennials, and low cost of smart phone devices.

As per region, the global web real-time communication market was dominated by North America in 2019 and is expected to maintain this trend during the forecast period. Factors such as presence of leading companies using WebRTC in their offerings such as Facebook, Twitter, Snapchat, Google (Duo, Hangout), & others in North America and telecom companies forming alliances with WebRTC developers to recapture the audience are the major drivers for the market growth in this region. In addition, significant adoption of mobility and launch of innovative product offerings are expected to drive the WebRTC market growth during the forecast period. For instance, in April 2017, Grandstream Networks, Inc. launched an innovative web conferencing platform-IPVideoTalk Web Meeting Service that leverages the WebRTC technology to offer high-quality web meeting with HD video & audio through any Mac, iOS, or Android devices.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2305

Key Findings Of The Study

By component, the solution segment led the web real-time communication market size in terms of revenue in 2019.

By WebRTC enabled devices, the mobiles segment accounted for the highest market share in 2019.

By industry vertical, the healthcare segment is anticipated to exhibit highest growth during the forecast period.

Region wise, North America accounted for the highest revenue in 2019; however, Asia-Pacific region is anticipated to exhibit highest growth during the web real-time communication market forecast period.

The global web real-time communicationmarket analysis includes some of the key market players such as Avaya Inc., Cisco Systems, Inc., Dialogic Corporation, Plantronics, Inc., Oracle Corporation, Plivo, Quobis, Ribbon Communications Operating Company, Inc., Tokbox Inc. (Vonage), and Twilio Inc.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

[reportprimerahul]

API Management Market Size, Type, segmentation, growth and forecast 2023-2030

API Management Market

The API Management Market is expected to grow from USD 4.60 Billion in 2022 to USD 13.87 Billion by 2030, at a CAGR of 25.20% during the forecast period.

API Management Market Size

API Management is the process of designing, publishing, documenting, monitoring, and securing Application Programming Interfaces (APIs) in a systematic and efficient manner. As per the API Management market research report, the market is segmented based on type (On-Premise, Cloud-Based), application (BFSI, IT and Telecom, Government and Defense, Healthcare, Retail, Media and Entertainment, Manufacturing, Others), region (North America, Asia Pacific, Middle East, Africa, Australia and Europe), and market players (Axway, Microsoft, Rogue Wave Software, SAP, Oracle, Red Hat, Broadcom, Fiorano Software, International Business Machines, Nexright, SnapLogic, TYK Technologies, Mashape, Mulesoft, Sensedia, Tibco Software, WSO2, Amazon Web Services). The main regulatory and legal factors specific to the market conditions include data protection laws and regulations, intellectual property rights, and cybersecurity laws. Organizations must ensure compliance with these regulations while developing and implementing API management strategies. The API Management market is expected to grow significantly in the coming years due to increased demand for efficient and secure API management solutions by various industries.

API Management Market Key Player

Axway

Microsoft

Rogue Wave Software

SAP

Oracle

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API Management Market Segment Analysis

The API Management market is a rapidly growing market that is expected to experience a high rate of growth in the coming years. The target market for API Management solutions includes a wide range of industries such as banking and financial services, healthcare, retail, telecommunications, and government, among others. The increasing adoption of cloud technology and the need to provide seamless integration between various applications have been the major factors driving revenue growth of the API Management market.

The latest trend in the API Management market is the increasing adoption of microservices architecture, which has resulted in an increased demand for API Management solutions. The COVID-19 pandemic has further accelerated the adoption of API Management solutions as organizations have shifted to digital business models, resulting in an increased need for seamless integration of applications.

One of the major challenges faced by the API Management market is the intense competition among the vendors. The market is highly fragmented, and vendors are continuously innovating their products and services to stay ahead of the competition. The lack of skilled professionals is another challenge faced by the API Management market, as there is a high demand for professionals with expertise in API Management.

The main findings of the report suggest that the API Management market will continue to grow at a high rate in the coming years, driven by the increasing adoption of cloud technology and microservices architecture. The report recommends that organizations should invest in API Management solutions to stay ahead of the competition and provide seamless integration between applications. Furthermore, organizations should focus on hiring skilled professionals with expertise in API Management to effectively manage their API infrastructure.

This report covers impact on COVID-19 and Russia-Ukraine wars in detail.

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Market Segmentation (by Application):

BFSI

IT and Telecom

Government and Defense

Healthcare

Retail

Media and Entertainment

Manufacturing

Others

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Telecom Application Programming Interface (API) Market Explore Growth Analysis 2019-2026

Telecom Application Programming Interface (API) Market Overview:

The escalating competition amongst the telecom service providers to make better and improved services available to consumers at affordable prices to gain a competitive edge is expected to drive the market for telecom APIs.

Market Size – USD 100 billion in 2018, Market Growth - CAGR of 18.2%, Market Trends – Mounting need for online amusement and mobile application, the proliferation of machine-to-machine devices and consumers preferring 4G networks as their network of choice.

This market intelligence study curates an exhaustive database of industrial essentials for formulating favorable strategies. A thorough investigation of the value chain and the distribution channel is provided in this study by business professionals. The Telecom Application Programming Interface (API) Market study offers detailed information pertaining to the extent and application of the market, which helps better understand the global sector. This report on the Global Telecom Application Programming Interface (API) Market discusses several growth prospects, including the industry sectors, current trends, up-to-date outlines, driving factors, and hurdles, overall offering market projections for the coming years.

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Major Key Players of the Telecom Application Programming Interface (API) Market are: Vodafone Group PLC (UK), Twillo Inc. (US), Alcatel-Lucent (France), AT&T Inc. (US), Apigee Corporation (US), Telefonica (Spain) Orange S.A. (France), Verizon Communications (US), Nexma Inc. (US), Fortumo (Estonia), LocationSmart (US), and Aspect Software (US) among other players          

Major Types of Telecom Application Programming Interface (API) covered are:

Type of telecom API (Revenue, USD Million; 2018–2026)

SMS, MMS and RCS API

Payment API

Web RTC API

IVR/Voice Store and Voice Control API

ID/SSO and Subscriber API

Location API

Content Delivery API

M2M and IoT API

Others (Quality of Service, Device Information, and Advertising API)

Major Applications of Telecom Application Programming Interface (API) covered are:

Internal Developer

Partner Developer

Enterprise Developer

Long Tail Developer

The Telecom Application Programming Interface (API) market is heavily consolidated owing to a large number of global, regional, and local key contenders having already established a significant footing. The key participants dominate the operations in the industry with their extensive geographical coverage and huge production facilities. Players operating in this market are in intense competition in terms of technological innovations, product development, and product pricing. To gain a competitive edge over the other competitors in the Telecom Application Programming Interface (API) industry, the leading players are focusing more on ways to offer products at attractive prices.

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Regional Telecom Application Programming Interface (API) Market (Regional Output, Demand & Forecast by Countries):-

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.

What are the market factors that are explained in the report?

1. Market dynamics: The Telecom Application Programming Interface (API)5 report also assesses the various commercial possibilities that are expected to be revealed in the near future and the positive revenue forecasts in the years ahead. It also studies the key markets and explores different geographies where the industry is established.

2. Competitive Market Share: The key players focus their operations in the sector in select regions, owing to their robust geographic reach and huge production facilities. Players operating in this market are in intense competition in terms of technological advancements, product development, and product pricing. To gain a competitive upper hand over the other rivals in the Telecom Application Programming Interface (API) industry, the prominent players are focusing more on offering products at reasonable prices.

3. The Goal of The Report: The main objective of this research study is to provide a holistic overview and a better interpretation of market aspects to producers, suppliers, and distributors. The readers can get profound insights into this market that will allow them to formulate and develop critical strategies to bring about the desired business expansion.

4. Feature of the report:

The report studies the key factors affecting the market:

The various opportunities in the market.

1.      To study the overall size of the market and deduce industry trends from this analysis.

2.      To inspect the market based on the product, market share, and product share.

3.      To analyze the market on the basis of end-users and applications focused on the growth rate of each application segment.

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Reasons to Purchase Telecom Application Programming Interface (API) Market Report:

1. Current and future progression of Telecom Application Programming Interface (API) products in the developed and emerging markets.

2. The segments that are estimated to control the future growth of the Telecom Application Programming Interface (API) market.

3. Regions that are expected to undergo the fastest growth during the forecast years.

4. Identify the recent developments, Telecom Application Programming Interface (API) market shares, and lucrative strategies deployed by the prominent market contenders.

Moreover, the research report mentions the leading players in the global Telecom Application Programming Interface (API) market. Their critical marketing approaches and advertising enterprise have been underlined to offer a clear outlook of the Telecom Application Programming Interface (API) market.

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Digitalization allows API Services leverage in the Telecom Market

Application programming interface – a computing connection enables developers to create services independent of the device, linking device’s resources and application. Over the years, the rapid technological advancements and surge in cloud-based adoption have amplified API demand among telecommunication operators. For instance, in 2021, WhatsApp launched a new cloud-based version that reduced API integration time. Such benefits have ultimately led to the expansion of the telecom API market over the past few years.

Given the technological developments, 4G LTE networks gained significant traction globally on account of rising mobile users. Since around 66% of mobile users have access to a 4G LTE network, network advancement is a major factor fuelling the market’s growth.

Our estimates indicate the global telecom API market to progress in revenue at a CAGR of 16.42% during the forecast period 2022-2028.

Regional Trends & Growth Prospects

In the constantly evolving digital world, IoT and 5G technologies have encouraged prominent players like Ericsson, AT&T, Google, and Mozilla to collaborate for telephone services’ web browser integration. For instance, Google collaborated with AT&T to develop 5G edge computing solutions. In this regard, API provides innovative features, including recent contact history, SMS, and push-through notifications.

Additionally, to integrate API with automation systems, developers focus on the formation of vehicle-to-cloud to develop standardized sets of APIs. Estimates indicate that the Internet of Things API category is expected to observe the fastest growth over the forecast period.

In the Asia-Pacific, the telecom industry is expanding at a rapid pace, influencing the integration of application programming interfaces. As per industry sources, the revenue of mobile operators is estimated to surge, reaching approximately $230 billion by 2025. This expansion of the telecommunication industry is anticipated to elevate the adoption of innovative API solutions across major countries, especially India, China, South Korea, and Japan.

With the integration of 4G technology and API, communication services have advanced tremendously in North America. This has encouraged market players such as Twilio and Apigee Corporation to invest significantly in R&D. Such investment plans have soared API demand among numerous end-users. As per estimates, end-user spending on IoT solutions is anticipated to reach around $1.5 trillion by 2025 globally.

Notable services adopted by end-users in the telecom API market:

1. Messaging API: This segment captures the major share in the service category. Offered by third-party providers, messaging APIs provide access to worldwide carrier networks to enable SMS in conjunction with more modern chat APIs. This has eliminated the need to develop a back-end system as it is available as a service cloud model. As a result, various end-users adopt messaging API for bulk SMS services for marketing, tracking, and other purposes. Here, API integration with logistics platforms like Project44, Timocom, and others provides an easy connection to entire transport ecosystems.

2. Payment API: These APIs enable ecommerce sites to process credit cards and track orders while maintaining consumer lists. Digital payments have emerged crucial in various verticals, including BFSI, education, retail, manufacturing, and hospitality. According to a 2020 global survey, approximately 75% of banking APIs are used for internal purposes, with banks planning to double the number of APIs by 2025. Moreover, around 5% of banking APIs are used to generate revenue.

Key Strategic Initiatives

In May 2022, GSMA launched the mobile money API compliance verification service to support the growth of trusted mobile money ecosystems in emerging economies.

LiquidityBook, in March 2022, expanded its API capabilities and capacities to provide users with a personalized protocol for building and connecting with modular platforms.

BICS Group acquired 3M Digital Networks in December 2021 to augment its API-based communications while leveraging 3M’s vast cloud numbers across over 200 countries.

Vonage announced the launch of its free desktop and mobile video collaboration product integrated with API solutions, enabling remote work, telehealth, and online education in April 2020.

In June 2020, Twilio Inc introduced Messaging Insights, providing real-time analytics within its console. The product offers to troubleshoot delivery and analyze responses across messaging channels, like SMS and WhatsApp.

Concluding Statement

Considering the advent of new technologies, the telecommunications industry has transitioned from physical to digital networks. The release frequency has surged on account of the growing need to connect numerous applications. As a result, approximately 83% of specialists consider API integration essential for business processes. Hence, in retrospect, digitalization has compelled organizations to shift towards more open ecosystems, boosting the telecom API market growth.

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Telecom API: Technology Trends redefine Market Growth

An API is a set of commands, procedures, functions, and protocols for developing software or facilitating interaction between two systems. The continual progress of enterprise communication has resulted in businesses looking for new technologies like cloud-based tools for enhancing operations and gaining a competitive edge over other organizations.

In this regard, a telecom API is used to integrate texting, calling, and other telephone functions directly into software services or applications. The global telecom API market is projected to record a CAGR of 16.22% during the forecast period, 2022-2030. The factors driving the growth are the growing adoption of cloud-based technologies and the increasing shift towards digital technologies. However, the surging OTT internet service providers and stringent government policies are key restraints impacting the market’s performance.

Global Trends 2022

Rise in Digital Technologies

As per the United Nations, digital technologies are advancing rapidly in comparison to other innovations. Such aspects have enabled a business shift, in sectors like telecommunications, to more open ecosystems such as the application programming interface. Moreover, telecom carriers seek cloud-based solutions for delivering their services to meet consumer demands and needs. Furthermore, there is a growing need to connect a rising number of applications and digital experiences. Accordingly, release frequency is increasing, and therefore, digital transformation is increasingly propelled by rapid changes in user expectations. Also, as per the State of API Integration Report, almost 83% of specialists consider API integration critical for their business.

Thriving Asia-Pacific IT Market

The flourishing information technology market is evaluated to raise the adoption and demand for the application programming interface. API facilitates businesses and companies to open up their application data and functionality to business partners, internal departments, and external third-party developers. As per ITU Publications, internet usage rose from 38.6% in 2017 to 44.5% in 2019, while more than 96.1% have access to a 3G signal, and another 94.2% are within reach of LTE (long-term evolution) broadband signal. Additionally, the fast-paced development in the IT industry has surged the demand for telecom API, with the highest growth rate in countries like Australia.

Segmentation Scope

According to Inkwood Research, the global telecom API market scope includes service type, deployment type, and end-user. The market segmentation is characterized by the increasing demand for microservices and the technology trends like the shift toward application programming interfaces and cloud platforms.

Messaging API is the prominent service type with a 16.63% CAGR. The high growth is attributed to the rising demand for RCS and SMS services. Additionally, a growing number of companies utilize SMS services to improve consumer engagement & experience and personalized marketing efforts.

Regional Analysis

Inkwood Research’s analysis of the global telecom API market growth includes the assessment of Asia-Pacific, Europe, North America, and Rest of World. The regional outlook of the market is characterized by the early adoption of 4G/LTE, a high number of smartphone users, and the increasing number of M2M devices.

Asia-Pacific is the fastest-growing region with a 16.45% CAGR by 2030

Asia-Pacific is one of the lucrative regions, attributed to the rising number of mobile subscribers and the growing adoption of 5G technologies. As per stats, there were over 1.2 billion mobile internet users in the region. In addition, in countries like China, several telecommunications players are applying API to open platforms to supplement businesses in several sectors. Besides, the market collaboration among the prominent players is estimated to boost market demands.

Company Strategic Developments

Some of the eminent companies in the market include Nexmo Inc, Twilio Inc, Apigee Corporation, Verizon Communications Inc, Vodafone Group PLC, etc. The telecom sector witnessed a massive shift from hardware to software majorly driven by API. Also, as per recent trends, the strong demand for mobile top-up API and a range of other telecom APIs are set to propel the telecom API market growth.

Accordingly, several companies are prioritizing API development to enable the integration of their services with the applications and programs of developers. For instance, Twilio offers an API wherein its cloud network can be incorporated into the developer’s applications.

The Progress Hereon

Telecom API technology is constantly upgraded to facilitate telecom automation. In this regard, the developers prioritize the production of vehicle-to-cloud (V2C) connectivity and speech recognition expert groups for developing standardized API sets. Moreover, it plays a vital role in internet connection management by assisting in developing internet-connected devices. As a result, internet-connected devices’ adoption and development are evaluated to offer lucrative opportunities for the global telecom API market.

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Unified Communication as a Service (UCaaS) Market Growth and Status Explored in a New Research Report 2030

Global Unified Communication as a Service (UCaaS) Market: Snapshot

The latest business intelligence studies report that the global unified communication as a service (UCaaS) market is anticipated to grow exponentially over the forecast period, registering a healthy growth rate of 13.4 % over the forecast years i.e. 2021 to 2028.

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The global unified communication as a service (UCaaS) market was valued at US$ 28.96 billion in the base year of the study i.e. 2021.

The research report also dictates that the global unified communication as a service (UCaaS) market is expected to surpass the final evaluation of US$ 69.93 billion by the end of the forecast period i.e. 2028.

The growth in the global unified communication as a service (UCaaS) market can be attributed to the increasing adoption of the solutions and services in the industry by corporations and businesses all over the globe for functions such as messaging, collaboration tools, and video and audio conferencing.

The constant advancements and technological innovations in the domain of hybrid cloud infrastructures as well as the increasing demand for novel and advanced cloud platforms is also propelling the growth in the global unified communication as a service (UCaaS) market in coming years. 

Unified communication as a service (UCaaS) can be understood as a delivery model on the cloud that offers a wide variety of communication services, including collaboration applications, through a third party.

It characterizes an integrated and unified cloud platform through which enterprises gain access to all services they may need. Features that make it stand apart from traditional communication platform is elegance, simplicity, and scope.

The drive for UCaaS primarily stemmed from the need to bring scalability and flexibility to core business processes. UCaaS comes with the integrated capability of communications platform as a service (CPaaS) and application programming interfaces (APIs).

The vendors include providers that typically sell directly to buyer organization or may include third party providers; 8x8 Inc. and Microsoft offerings of UCaaS fall in the first category while AT&T and Verizon Wireless come under the second one.

The variety of architectures under UCaaS can be grouped into single-tenancy and multi-tenancy. The single tenancy architecture features a software platform customized for the buyer.  Considered as more secure and reliable as disruption in another customer’s data doesn’t affect a specific customer’s data, they are expensive. The onus for upgrades are put on the buyer organization. In contrast to this, in multi-tenancy approach, the software instance resides with provider's data center and is shared. The architecture is more cost-effective with the provider tasked with making regular upgrades. A third approach, called hybrid one, is also possible where unified communications are placed on-premises for security concerns or for the management convenience, while other applications are pushed to the cloud.

Global Unified Communication as a Service (UCaaS) Market: Overview 

Unified Communications as a Service (UCaaS) is a delivery model in which provides deliver a variety of telecom or communications software applications or services over an IP network. UCaaS solutions are a part of the global industry trend towards cloud-based services. They are known for offering benefits such as high levels of availability, flexibility, and scalability for core business tasks. They include online meetings, messaging and presence technology, contact center services, video conferencing, and telephony. They are available as stand-alone services or integrated services in terms of delivery model. 

Global Unified Communication as a Service (UCaaS) Market: Key Trends 

The rapidly rising number of mobile workers worldwide is compelling enterprises to adopt collaboration tools that allow employees to effectively communicate with each other. This, in turn, is providing a fillip to the global (UCaaS). The growing trend of bring-your-own-device (BYOD) and proliferation of mobile devices are also working in favor of the market. On the flip side, the low awareness levels regarding UCaaS solutions and the advantages that these solutions offer are limiting their widespread adoption, especially across SMEs. However, market players are likely to capitalize on untapped, developing regions such as Asia Pacific and the MEA to boost their revenue generation in the coming years. 

Global Unified Communication as a Service (UCaaS) Market: Market Potential 

Players in the global unified communication as a service market are paying high attention towards the launch of technologically advanced products in order to enhance their visibility in the arena, indicating towards a bright future of the market. To put this perspective, Amazon Web Services (AWS) in February 2017, launched a unified communication service called Amazon Chime. With this, the company promises to offer high-quality audio and video meeting solutions that are one-third of the cost of conventional solutions, without any ongoing maintenance or upfront investments. Another case in point is West Unified Communication Services, which in partnership with Dolby Laboratories Inc. has launched InterCall Reservationless-Plus with Dolby Voice in March 2017. This unified communication solution will offer superior sound quality and clarity of Dolby voice through Voice over Internet Protocol (VoIP) networks. 

Global Unified Communication as a Service (UCaaS) Market: Geographical Segmentation 

The key regions analyzed in the report are Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. North America will be a major revenue contributor during the forecast period. The presence of advanced network infrastructure and a large base of tech-savvy workforce is propelling the growth of the region. The increasing investments in sectors such as consumer goods, transportation and logistics, retail, banking, financial services, and insurance (BFSI) are also likely to boost the demand for UCaaS solutions in the region. 

Asia Pacific is expected to offer promising opportunities during the same period. The growth of the region can be attributed to the growing inclination of large enterprises towards UCaaS solutions. Moreover, the increasing establishment of offices, contact center services, and manufacturing units in emerging economies such as India and China is augmenting the growth of the region. 

Global Unified Communication as a Service (UCaaS) Market: Competitive Landscape 

The leading companies operating in the global UCaaS market are Microsoft Corporation, Cisco Systems Inc., 8×8 Inc., Fuze Inc., and West Corporation. These players are paying high attention to the integration of applications and business processes. The trend of using social media for businesses is on a rise, and combining social media with UCaaS solutions allows efficient customer relationships and strengthens marketing. As a result, players are focusing towards building ecosystems that can make social business integration captivating for enterprises. Other prominent global participants in the market are IBM Corporation, Alcatel-Lucent SA (Nokia Networks), Hewlett-Packard Development Company, Verizon Communications, and Avaya Inc.

Key questions answered in this report

What are the diverse growth parameters influencing the market?

Which regions will contribute largely to the growth of the market

What are the recent innovations and technological advancements in the market?

What are the emerging trends across the market?

How has COVID-19 affected the market?

What will be the post-pandemic scenario of the market?

What are the major threats that will dent the growth prospects of the market?

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Global Electronic Bill Presentment and Payment (EBPP) Market Poised for Continued Growth: Growing at the CAGR of 7.7% in the Forecast Period

Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones...

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in billion in the year 2020. According to the data yielded by the study, the market is estimated to grow at a CAGR of 7.7%, earning revenue of around 30.9 number of bills in billion by the end of 2027. Due to factors such as the increasing acceptance of electronic bill presentment and payment as a mode of money transfer and the emergence of various modes and payment platforms for both global and regional payments, the global electronic bill presentment and payment market (EBPP) is growing at a high CAGR. However, the high risk of data theft and fraud associated with electronic payment may act as a restraining factor for market growth.

Wide Array of Conveniences of Electronic Payment Is Estimated to Drive the Global Electronic Bill Presentment and Payment (EBPP) Market Growth

Young adults today are increasingly turning to electronic payments as an alternative to cash payments. The wide range of conveniences it has to offer such as high security, promptness, and efficiency works in favor of the growth of the global electronic bill presentment and payment (EBPP) market. Electronic payments are done with cards, mobile wallets, or wearable devices, and are significantly faster than cash payments. Furthermore, its processing is much faster as all the transaction details are already in the system which saves a lot of time for manual entry and processing. That is why most online sales and service platforms recommend electronic payments and offer great deals and discounts on them.

The Increasing API Segment Is Projected to Boost the Global Electronic Bill Presentment and Payment (EBPP) Market

Based on channels, the global electronic bill presentment and payment (EBPP) market is segmented into application programming interface (API), mobile, web, email, IVR, POS, and kiosks. The application programming interface (API) segment accounts for the largest market share because of its high use in e-commerce websites. Through the payment API, one program can present a bill and pay it electronically, while another program processes it. This system also makes it easier for the browser to share known credit details with the merchant or vendor.

Global Electronic Bill Presentment and Payment (EBPP) Market - By End-User

Based on end-users, the global electronic bill presentment and payment (EBPP) market is segmented into BFSI, insurance, healthcare, IT and telecom, retail, education, media and entertainment, manufacturing, and others. The BFSI segment accounts for the largest market share as the financial services are mainly acquired by businesses. Many financial service providers, like banks, wealth management companies, and tax consulting companies, have to make a numerous cash transaction based on their size. Due to this, their need for strong electronic bill payment solutions is high, which proliferates market growth.

Global Electronic Bill Presentment and Payment (EBPP) Market - Regional Insights

Geographically, the global electronic bill presentment and payment (EBPP) market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these, North America holds the largest market share. The Asia-Pacific region, on the other hand, is projected to witness the highest CAGR during the forecast period. The increasing penetration of the internet and smartphones in these regions are presenting lucrative growth opportunities to the electronic bill presentment and payment (EBPP) market. Furthermore, developing IT and telecom infrastructure in countries like India, China, South Korea is also influencing the growth of the electronic bill presentment and payment (EBPP) market in the Asia Pacific.

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Impact of COVID-19 on Global Electronic Bill Presentment and Payment (EBPP) Market

The COVID-19-induced pandemic significantly boosted the growth of the global electronic bill presentment and payment (EBPP) market. The COVID-19 is a highly communicable disease that can spread through human contact. People avoided physical contact since social distancing measures were recommended by the World Health Organization. Cash payments were also not recommended since they can spread the virus. In response, the number of people using electronic payments for daily transactions increased. The result was a massive increase in traffic on the servers of electronic bill presentment and payment solution providers, boosting their market growth.

Competitive Landscape

The leading players in the global electronic bill presentment and payment (EBPP) market are Visa, Inc., ACI Worldwide, Bottomline Technologies Inc, Communications Data Group Inc., CSG Systems International Inc., CyberSource Corporation, eBillingHub, ebpSource Limited, Enterprise jBilling Software Ltd., FIS, Fiserv Inc., Jack Henry & Associates Inc., Jopari Solutions Inc., Pagero AB, PayPal Inc., SIX Payment Services Ltd., Sorriso Technologies Inc., Striata, Discover Financial Services, and other prominent players.

The market is highly fragmented with the presence of several regional market players and a handful of global players. The global market is dominated by companies like PayPal with limited competition. Moreover, EBPP companies have been increasingly adopting competitive strategies such as mergers, partnerships, acquisitions, collaborations, etc., to improve and expand their services.

Don’t miss the business opportunity of the global electronic bill presentment and payment (EBPP) market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global electronic bill presentment and payment (EBPP) market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global electronic bill presentment and payment (EBPP) market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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