Mind Commerce, an independent technology and market research company, via its 'Telecom Network API Marketplace: Strategy, Ecosystem, Players and Forecasts 2013 - 2018' predicts that telecom Operators will be generating an additional USD157 billion in revenues through the telecom network APIs by 2018, with a CAGR of 38% between 2013 and 2018.
Source: Mind CommerceAccording to Mind Commerce, the ability of the telecom Operators to leverage on customer related data to enable various value-added services (VAS) applications will be the major driver in realizing these new revenue stream for Operators.
Mind Commerce explained how the telephony APIs, capitalizing on existing network infrastructure and assets, create a vast array of business opportunities for global telecommunications service providers. Telecom APIs allow carriers to disseminate a wealth of internal information to various third-party service providers. Examples include network QoS for video services, subscriber data management for advertising and profiling, and many others. Third-party companies utilize carrier information to offer a wide variety of VAS applications in return for incremental revenue to the carrier.
Mind Commerce predicts that the average volume of API transactions for tier-one telecom carriers will increase significantly over the next four years, eventually reaching an average of 167 billion transactions per month.
