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Asia-Pacific Telecom Api Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific telecom API market is predicted to register a CAGR of 16.45% during the forecast period, 2022-2030. The flourishing telecommunications industry, the increasing adoption and demand for smartphones and other advanced technologies, and investments in the network & IT infrastructure propel market demands.

MARKET INSIGHTS

China, Australia & New Zealand, Singapore, Japan, India, Singapore, Taiwan, Indonesia, South Korea, and Rest of Asia-Pacific are evaluated for the Asia-Pacific telecom API market growth analysis. In Japan, the telecommunication industry has opened its application programming interface (API). For instance, the country's second-largest telecommunications group, KDDI Web Communications and Twilio, an American cloud communications platform as a service-based company, partnered to raise the scope for further developments.

In Taiwan, there is an increasing deployment of API platforms and solutions by market players across businesses. For instance, DBS Bank (Taiwan) collaborated with PChome Internet Home, an e-commerce brand, and launched exclusive online credit ‘store fast loan' service for the individual sellers on PChome shopping street in 2020.

Further, in Australia, the fast-paced developments in the information technology sector have expanded the adoption and demand for the telecom API. Additionally, recent advancements and improvements in the IT industry have supplemented the technical expansion of telecommunications networks. Besides, the government is directing efforts toward promoting interoperability between IT systems. Moreover, there has been a rise in the deployment of APIs by businesses across countries. For instance, Eftpos announced the launch of a public API program in 2019 and its collaboration with Stone&Chalk to form closer relationships with the FinTech community of the country.

COMPETITIVE INSIGHTS

Some of the eminent companies in the market are Orange SA, Bharti Airtel Limited, Vodafone Group, Huawei Technologies Co Ltd, Fortumo Ou, etc.

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Asia-Pacific Telecom Api Market Forecast 2022-2030
Published By :Inkwood Research
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