According to Cognitive Market Research, the global telecom network API market size was USD 325451.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 130180.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 97635.45million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 74853.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 16272.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 6509.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
The service innovation held the highest telecom network API market revenue share in 2024.
