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Telco APIs Will Generate US$13.4 Billion of Value by 2028 IF Telcos Get Serious About the Opportunity
According to recent telco API forecasts published by ABI Research, security APIs will lead in revenue with US$5.3 billion by 2028, followed by network slicing with US$5 billion and Quality of Service on Demand with US$3.14 billion by the same year. Mavrakis explains, "Even these targets will require significant effort by telcos to at least homogenize API exposure across their networks and offer a consistent interface to CPaaS providers and hyperscalers. CAMARA and Open Gateway APIs are a step in the right direction. Still, there is significant work to be done, especially in the technology enabling these APIs, such as charging, billing, and network orchestration."
Telco APIs should be considered as a shortcut to commercializing complex services, including network slicing and Quality of Service on Demand, especially when offered by CPaaS providers or hyperscalers who can federate across multiple telcos and offer developers access to a critical mass of subscribers. "Telcos should prioritize API initiatives and even consider them as a training medium for the advanced services being planned for 6G," Mavrakis concludes.
These findings are from ABI Research's Telco APIs: Market Sizing and Key Findings Application Analysis report. This report is part of the company's 5G & 6G Cloud-Native Systems research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific application, which could focus on an individual market or geography.
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
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:
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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