Worldwide revenues for telecom and network APIs will reach $6.7 billion in 2028, according to a new forecast from International Data Corporation (IDC). This represents a compound annual growth rate (CAGR) of 57.1 percent over the 2023–2028 forecast period. Worldwide market revenue for APIs was just over $700 million in 2023.
Commercial APIs are already available for fraud detection, location, and device information as well as quality on demand. IDC expects communications SPs to accelerate API volume and developer engagement.
“While the telecom industry has a mixed history of API monetization, its latest focus on novel network APIs is being championed by all leading telecom service providers to include global support from key API aggregators, such as the hyperscale cloud providers and leading CPaaS entities,” said Patrick Filkins, research manager, IoT and Telecom Network Infrastructure at IDC.
