Network API Market Projected to Reach $6.13 Billion by 2030

The network API market is projected to reach $6.13 billion by 2030, growing at a CAGR of 25.7% from 2025 to 2030, according to All Public Company News. This significant growth is driven by the push for programmable, on-demand connectivity across industries and the rise of initiatives like CAMARA and Open Gateway. Major players in this market include Ericsson, Nokia, Cisco, Microsoft, T-Mobile, and AT&T, who have adopted various growth strategies to expand their footprint.

The Internet of Things (IoT) segment is the largest application of the network API market. The increasing number of IoT devices and the need for efficient and secure connectivity are key factors driving the market. Additionally, the demand for 5G networks and the integration of AI and machine learning in network operations are further fueling the growth of the network API market.

Ericsson has been focusing on expanding its network API offerings, particularly in the 5G space. The company has been investing heavily in research and development to enhance its network capabilities. Nokia, on the other hand, has been emphasizing on the security and reliability of its network APIs. Cisco has been focusing on the integration of AI and machine learning in its network APIs to provide more efficient and intelligent solutions.

Microsoft, T-Mobile, and AT&T have also been actively participating in the network API market. Microsoft has been leveraging its Azure cloud platform to offer network API solutions, while T-Mobile and AT&T have been focusing on the integration of their network APIs with their respective 5G networks.

The market is also seeing a trend of strategic partnerships and acquisitions. For example, Agora Inc. has been building on Exotel's AgentStream to deliver real-time AI voice bots, while 3iQ and Further have announced a strategic partnership to launch a digital asset multi-strategy hedge fund, according to PR Newswire's licensing list.

In conclusion, the network API market is poised for significant growth in the coming years, driven by the increasing demand for programmable and on-demand connectivity across industries. The IoT segment is expected to remain the largest application of the network API market, while major players are adopting various growth strategies to expand their footprint. Strategic partnerships and acquisitions are also becoming increasingly common in this market.