Master Recharge API Market

Master Recharge API Market Expected to Reach US$ 16,150 Mn by 2026
According to a new market report Master Recharge API Market, published by
Transparency Market Research, the global master recharge API market is expected to
reach US$ 16,159.3 Mn by 2026, expanding at a CAGR of 5.2% from 2018 to 2026.
According to the report, the global market will continue to be influenced by a range
of macroeconomic and industry-specific factors. Asia Pacific (APAC) will continue to
be at the forefront of global demand, with the market in the region growing at
above 6% through 2026. Recharge API commercial applications across retail and
ecommerce are anticipated to significantly influence the global master recharge API
market growth across the APAC region.
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Growing smartphone users across the world and increasing adoption of online
payments driving the global master recharge API market
Globally, the number of smartphone users is booming with the trend shifting toward
a single user having more than one smartphone or multi-SIM connections. Further,
online payment technologies and platforms are proliferating into the end-use market
with a remarkable growth rate. The global master recharge API market is expected to
witness a positive growth outlook due to this rise in customer base and number of
transactions per customer. The trend is further strengthened by growing emphasis on
digital payments and proliferation of service networks by vendors for last mile
connectivity.
Recharge API developing companies are enhancing their offerings by introducing
advanced recharge platforms and secure and efficient payment modes. Moreover,
recharge providers or utility billing, hotel, bus, and air travel booking service
providing companies are open to partnerships with API developers to tap a wider
customer base with services delivered globally. Prepaid mobile recharge services in
the global market is experiencing significant growth. Moreover, over the years, utility
billing and DTH recharge services are switching from offline channels to online
platforms and this trend is set to drive demand for master recharge API.
Furthermore, increased presence of a number of telecom service providers across
regions has led to subsequent rise in number of recharge service providers,
retailers/resellers, distributors, white label companies, and API integrators across the
world. This is likely to supplement the market growth during the forecast period.
Rising penetration of internet as well as significant investments in telecommunication
infrastructures and digitization across countries such as India, South Africa, Brazil,
and Malaysia is anticipated to offer prominent opportunities for master recharge API
providers in the near-term.
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Master Recharge API Market: Scope of the Report
The global master recharge API market is broadly segmented by services into prepaid
mobile recharge, postpaid mobile recharge, data card, DTH, electricity, insurance,
and others (Gas and other utility services). The research study includes master
recharge API market analysis by regions segmented into North America, Europe, Asia
Pacific, Middle East & Africa, and South America. According to the research study,
the prepaid mobile segment of the market held the maximum market share and is
anticipated to remain dominant over the forecast period. The DTH service segment is
anticipated to contribute largest revenue share after prepaid mobile recharge services.
Additionally, DTH segment is forecast to experience highest CAGR during the period
2018 – 2026. Overall, most of the segments are expected to see steady and healthy
growth in the near future. However, security concerns and issues such as cyber
security threats, malware and other harmful software applications are the major
barriers to the growth of the master API recharge market.