Telecom API Market Growth: Key Trends and Forecast to $664.9 Billion by 2028

Webersnits19 Sep, 2024News

The global Telecom API Market size is projected to grow from USD 320.9 billion in 2023 to USD 664.9 billion by 2028, at a CAGR of 15.7% during the forecast period, according to a new report by MarketsandMarkets?. The rollout of 5G networks has created new opportunities for telecom API providers. The increased speed and capacity of 5G networks enable more advanced and data-intensive applications, requiring robust APIs to facilitate communication between devices and networks which will drive the market for telecom API.

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