Global and United States Telecom API Platform Market Report & Forecast 2023-2028

Report ID: 1844460 | Published Date: Oct 2024 | No. of Page: 99 | Base Year: 2023 | Rating: 5 | Webstory: Check our Web story
1 Study Coverage
    1.1 Telecom API Platform Revenue in Telecom API Platform Business (2017-2022) & (US$ Million) Introduction
    1.2 Global Telecom API Platform Outlook 2017 VS 2022 VS 2028
        1.2.1 Global Telecom API Platform Market Size for the Year 2017-2028
        1.2.2 Global Telecom API Platform Market Size for the Year 2017-2028
    1.3 Telecom API Platform Market Size, United States VS Global, 2017 VS 2022 VS 2028
        1.3.1 The Market Share of United States Telecom API Platform in Global, 2017 VS 2022 VS 2028
        1.3.2 The Growth Rate of Telecom API Platform Market Size, United States VS Global, 2017 VS 2022 VS 2028
    1.4 Telecom API Platform Market Dynamics
        1.4.1 Telecom API Platform Industry Trends
        1.4.2 Telecom API Platform Market Drivers
        1.4.3 Telecom API Platform Market Challenges
        1.4.4 Telecom API Platform Market Restraints
    1.5 Study Objectives
    1.6 Years Considered
2 Telecom API Platform by Type
    2.1 Telecom API Platform Market Segment by Type
        2.1.1 SMS, MMS, and RCS API
        2.1.2 Payment API
        2.1.3 WebRTC API
        2.1.4 M2M and IoT API
        2.1.5 Content Delivery API
        2.1.6 Others
    2.2 Global Telecom API Platform Market Size by Type (2017, 2022 & 2028)
    2.3 Global Telecom API Platform Market Size by Type (2017-2028)
    2.4 United States Telecom API Platform Market Size by Type (2017, 2022 & 2028)
    2.5 United States Telecom API Platform Market Size by Type (2017-2028)
3 Telecom API Platform by Application
    3.1 Telecom API Platform Market Segment by Application
        3.1.1 Enterprise Developer
        3.1.2 Internal Developer
        3.1.3 Partner Developer
        3.1.4 Long Tail Developer
    3.2 Global Telecom API Platform Market Size by Application (2017, 2022 & 2028)
    3.3 Global Telecom API Platform Market Size by Application (2017-2028)
    3.4 United States Telecom API Platform Market Size by Application (2017, 2022 & 2028)
    3.5 United States Telecom API Platform Market Size by Application (2017-2028)
4 Global Telecom API Platform Competitor Landscape by Company
    4.1 Global Telecom API Platform Market Size by Company
        4.1.1 Top Global Telecom API Platform Companies Ranked by Revenue (2021)
        4.1.2 Global Telecom API Platform Revenue by Player (2017-2022)
    4.2 Global Telecom API Platform Concentration Ratio (CR)
        4.2.1 Telecom API Platform Market Concentration Ratio (CR) (2017-2022)
        4.2.2 Global Top 5 and Top 10 Largest Companies of Telecom API Platform in 2021
        4.2.3 Global Telecom API Platform Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    4.3 Global Telecom API Platform Headquarters, Revenue in Telecom API Platform Business (2017-2022) & (US$ Million) Type
        4.3.1 Global Telecom API Platform Headquarters and Area Served
        4.3.2 Global Telecom API Platform Companies Revenue in Telecom API Platform Business (2017-2022) & (US$ Million) Type
        4.3.3 Date of International Companies Enter into Telecom API Platform Market
    4.4 Companies Mergers & Acquisitions, Expansion Plans
    4.5 United States Telecom API Platform Market Size by Company
        4.5.1 Top Telecom API Platform Players in United States, Ranked by Revenue (2021)
        4.5.2 United States Telecom API Platform Revenue by Players (2020, 2021 & 2022)
5 Global Telecom API Platform Market Size by Region
    5.1 Global Telecom API Platform Market Size by Region: 2017 VS 2022 VS 2028
    5.2 Global Telecom API Platform Market Size by Region (2017-2028)
        5.2.1 Global Telecom API Platform Market Size by Region: 2017-2022
        5.2.2 Global Telecom API Platform Market Size by Region (2023-2028)
6 Segment in Region Level & Country Level
    6.1 North America
        6.1.1 North America Telecom API Platform Market Size YoY Growth 2017-2028
        6.1.2 North America Telecom API Platform Market Facts & Figures by Country (2017, 2022 & 2028)
        6.1.3 U.S.
        6.1.4 Canada
    6.2 Asia-Pacific
        6.2.1 Asia-Pacific Telecom API Platform Market Size YoY Growth 2017-2028
        6.2.2 Asia-Pacific Telecom API Platform Market Facts & Figures by Region (2017, 2022 & 2028)
        6.2.3 China
        6.2.4 Japan
        6.2.5 South Korea
        6.2.6 India
        6.2.7 Australia
        6.2.8 Taiwan
        6.2.9 Indonesia
        6.2.10 Thailand
        6.2.11 Malaysia
        6.2.12 Philippines
    6.3 Europe
        6.3.1 Europe Telecom API Platform Market Size YoY Growth 2017-2028
        6.3.2 Europe Telecom API Platform Market Facts & Figures by Country (2017, 2022 & 2028)
        6.3.3 Germany
        6.3.4 France
        6.3.5 U.K.
        6.3.6 Italy
        6.3.7 Russia
    6.4 Latin America
        6.4.1 Latin America Telecom API Platform Market Size YoY Growth 2017-2028
        6.4.2 Latin America Telecom API Platform Market Facts & Figures by Country (2017, 2022 & 2028)
        6.4.3 Mexico
        6.4.4 Brazil
        6.4.5 Argentina
    6.5 Middle East and Africa
        6.5.1 Middle East and Africa Telecom API Platform Market Size YoY Growth 2017-2028
        6.5.2 Middle East and Africa Telecom API Platform Market Facts & Figures by Country (2017, 2022 & 2028)
        6.5.3 Turkey
        6.5.4 Saudi Arabia
        6.5.5 U.A.E
7 Company Profiles
    7.1 Google (Apigee)
        7.1.1 Google (Apigee) Company Details
        7.1.2 Google (Apigee) Business Overview
        7.1.3 Google (Apigee) Telecom API Platform Introduction
        7.1.4 Google (Apigee) Revenue in Telecom API Platform Business (2017-2022)
        7.1.5 Google (Apigee) Recent Development
    7.2 Cisco Systems
        7.2.1 Cisco Systems Company Details
        7.2.2 Cisco Systems Business Overview
        7.2.3 Cisco Systems Telecom API Platform Introduction
        7.2.4 Cisco Systems Revenue in Telecom API Platform Business (2017-2022)
        7.2.5 Cisco Systems Recent Development
    7.3 Ericsson
        7.3.1 Ericsson Company Details
        7.3.2 Ericsson Business Overview
        7.3.3 Ericsson Telecom API Platform Introduction
        7.3.4 Ericsson Revenue in Telecom API Platform Business (2017-2022)
        7.3.5 Ericsson Recent Development
    7.4 AT&T
        7.4.1 AT&T Company Details
        7.4.2 AT&T Business Overview
        7.4.3 AT&T Telecom API Platform Introduction
        7.4.4 AT&T Revenue in Telecom API Platform Business (2017-2022)
        7.4.5 AT&T Recent Development
    7.5 Oracle
        7.5.1 Oracle Company Details
        7.5.2 Oracle Business Overview
        7.5.3 Oracle Telecom API Platform Introduction
        7.5.4 Oracle Revenue in Telecom API Platform Business (2017-2022)
        7.5.5 Oracle Recent Development
    7.6 Verizon Communications
        7.6.1 Verizon Communications Company Details
        7.6.2 Verizon Communications Business Overview
        7.6.3 Verizon Communications Telecom API Platform Introduction
        7.6.4 Verizon Communications Revenue in Telecom API Platform Business (2017-2022)
        7.6.5 Verizon Communications Recent Development
    7.7 Vodafone Group
        7.7.1 Vodafone Group Company Details
        7.7.2 Vodafone Group Business Overview
        7.7.3 Vodafone Group Telecom API Platform Introduction
        7.7.4 Vodafone Group Revenue in Telecom API Platform Business (2017-2022)
        7.7.5 Vodafone Group Recent Development
    7.8 Hewlett Packard
        7.8.1 Hewlett Packard Company Details
        7.8.2 Hewlett Packard Business Overview
        7.8.3 Hewlett Packard Telecom API Platform Introduction
        7.8.4 Hewlett Packard Revenue in Telecom API Platform Business (2017-2022)
        7.8.5 Hewlett Packard Recent Development
    7.9 Nokia (Alcatel Lucent)
        7.9.1 Nokia (Alcatel Lucent) Company Details
        7.9.2 Nokia (Alcatel Lucent) Business Overview
        7.9.3 Nokia (Alcatel Lucent) Telecom API Platform Introduction
        7.9.4 Nokia (Alcatel Lucent) Revenue in Telecom API Platform Business (2017-2022)
        7.9.5 Nokia (Alcatel Lucent) Recent Development
    7.10 Axway Software
        7.10.1 Axway Software Company Details
        7.10.2 Axway Software Business Overview
        7.10.3 Axway Software Telecom API Platform Introduction
        7.10.4 Axway Software Revenue in Telecom API Platform Business (2017-2022)
        7.10.5 Axway Software Recent Development
    7.11 Huawei Technologies
        7.11.1 Huawei Technologies Company Details
        7.11.2 Huawei Technologies Business Overview
        7.11.3 Huawei Technologies Telecom API Platform Introduction
        7.11.4 Huawei Technologies Revenue in Telecom API Platform Business (2017-2022)
        7.11.5 Huawei Technologies Recent Development
    7.12 ZTE
        7.12.1 ZTE Company Details
        7.12.2 ZTE Business Overview
        7.12.3 ZTE Telecom API Platform Introduction
        7.12.4 ZTE Revenue in Telecom API Platform Business (2017-2022)
        7.12.5 ZTE Recent Development
    7.13 Aepona
        7.13.1 Aepona Company Details
        7.13.2 Aepona Business Overview
        7.13.3 Aepona Telecom API Platform Introduction
        7.13.4 Aepona Revenue in Telecom API Platform Business (2017-2022)
        7.13.5 Aepona Recent Development
8 Research Findings and Conclusion
9 Appendix
    9.1 Research Methodology
        9.1.1 Methodology/Research Approach
        9.1.2 Data Source
    9.2 Author Details
    9.3 Disclaimer
List of Tables
    Table 1. Telecom API Platform Market Size United States VS Global, CAGR (2017 VS 2022 VS 2028)
    Table 2. Telecom API Platform Market Trends
    Table 3. Telecom API Platform Market Drivers
    Table 4. Telecom API Platform Market Challenges
    Table 5. Telecom API Platform Market Restraints
    Table 6. Global Telecom API Platform Market Size by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 7. United States Telecom API Platform Market Size by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 8. Global Telecom API Platform Market Size by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 9. United States Telecom API Platform Market Size by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 10. Top Telecom API Platform Companies in Global Market, Ranking by Revenue (2021)
    Table 11. Global Telecom API Platform Revenue by Player, (US$ Million), 2017-2022
    Table 12. Global Telecom API Platform Revenue Share by Player, 2017-2022
    Table 13. Global Telecom API Platform Companies Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Telecom API Platform by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Telecom API Platform as of 2021)
    Table 15. Top Players of Telecom API Platform in Global Market, Headquarters and Area Served
    Table 16. Companies Revenue in Telecom API Platform Business (2017-2022) & (US$ Million) Type
    Table 17. Date of International Companies Enter into Telecom API Platform Market
    Table 18. Companies Mergers & Acquisitions, Expansion Plans
    Table 19. Top Telecom API Platform Players in United States Market, Ranking by Revenue (2021)
    Table 20. United States Telecom API Platform Revenue by Players, (US$ Million), 2020, 2021 & 2022
    Table 21. United States Telecom API Platform Revenue Share by Players, 2020, 2021 & 2022
    Table 22. Global Telecom API Platform Market Size by Region (US$ Million): 2017 VS 2022 VS 2028
    Table 23. Global Telecom API Platform Market Size by Region (2017-2022) & (US$ Million)
    Table 24. Global Telecom API Platform Market Size Forecast by Region (2023-2028) & (US$ Million)
    Table 25. North America Telecom API Platform Sales in Value by Country (2017-2028) & (US$ Million)
    Table 26. Asia Pacific Telecom API Platform Sales in Value by Region (2017-2028) & (US$ Million)
    Table 27. Europe Telecom API Platform Sales in Value by Country (2017-2028) & (US$ Million)
    Table 28. Latin Americaa Telecom API Platform Sales in Value by Country (2017-2028) & (US$ Million)
    Table 29. Middle East and Africa Telecom API Platform Sales in Value by Country (2017-2028) & (US$ Million)
    Table 30. Google (Apigee) Company Details
    Table 31. Google (Apigee) Business Overview
    Table 32. Google (Apigee) Telecom API Platform Product
    Table 33. Google (Apigee) Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 34. Google (Apigee) Recent Development
    Table 35. Cisco Systems Company Details
    Table 36. Cisco Systems Business Overview
    Table 37. Cisco Systems Telecom API Platform Product
    Table 38. Cisco Systems Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 39. Cisco Systems Recent Development
    Table 40. Ericsson Company Details
    Table 41. Ericsson Business Overview
    Table 42. Ericsson Telecom API Platform Product
    Table 43. Ericsson Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 44. Ericsson Recent Development
    Table 45. AT&T Company Details
    Table 46. AT&T Business Overview
    Table 47. AT&T Telecom API Platform Product
    Table 48. AT&T Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 49. AT&T Recent Development
    Table 50. Oracle Company Details
    Table 51. Oracle Business Overview
    Table 52. Oracle Telecom API Platform Product
    Table 53. Oracle Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 54. Oracle Recent Development
    Table 55. Verizon Communications Company Details
    Table 56. Verizon Communications Business Overview
    Table 57. Verizon Communications Telecom API Platform Product
    Table 58. Verizon Communications Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 59. Verizon Communications Recent Development
    Table 60. Vodafone Group Company Details
    Table 61. Vodafone Group Business Overview
    Table 62. Vodafone Group Telecom API Platform Product
    Table 63. Vodafone Group Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 64. Vodafone Group Recent Development
    Table 65. Hewlett Packard Company Details
    Table 66. Hewlett Packard Business Overview
    Table 67. Hewlett Packard Telecom API Platform Product
    Table 68. Hewlett Packard Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 69. Hewlett Packard Recent Development
    Table 70. Nokia (Alcatel Lucent) Company Details
    Table 71. Nokia (Alcatel Lucent) Business Overview
    Table 72. Nokia (Alcatel Lucent) Telecom API Platform Product
    Table 73. Nokia (Alcatel Lucent) Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 74. Nokia (Alcatel Lucent) Recent Development
    Table 75. Axway Software Company Details
    Table 76. Axway Software Business Overview
    Table 77. Axway Software Telecom API Platform Product
    Table 78. Axway Software Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 79. Axway Software Recent Development
    Table 80. Huawei Technologies Company Details
    Table 81. Huawei Technologies Business Overview
    Table 82. Huawei Technologies Telecom API Platform Product
    Table 83. Huawei Technologies Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 84. Huawei Technologies Recent Development
    Table 85. ZTE Company Details
    Table 86. ZTE Business Overview
    Table 87. ZTE Telecom API Platform Product
    Table 88. ZTE Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 89. ZTE Recent Development
    Table 90. Aepona Company Details
    Table 91. Aepona Business Overview
    Table 92. Aepona Telecom API Platform Product
    Table 93. Aepona Revenue in Telecom API Platform Business (2017-2022) & (US$ Million)
    Table 94. Aepona Recent Development
    Table 95. Research Programs/Design for This Report
    Table 96. Key Data Information from Secondary Sources
    Table 97. Key Data Information from Primary Sources
List of Figures
    Figure 1. Telecom API Platform Product Picture
    Figure 2. Global Telecom API Platform Market Size, (US$ Million), 2017 VS 2022 VS 2028
    Figure 3. Global Telecom API Platform Market Size 2017-2028 (US$ Million)
    Figure 4. United States Telecom API Platform Market Size, (US$ Million), 2017 VS 2022 VS 2028
    Figure 5. United States Telecom API Platform Market Size 2017-2028 (US$ Million)
    Figure 6. United States Telecom API Platform Market Share in Global 2017-2028
    Figure 7. Telecom API Platform Report Years Considered
    Figure 8. Product Picture of SMS, MMS, and RCS API
    Figure 9. Product Picture of Payment API
    Figure 10. Product Picture of WebRTC API
    Figure 11. Product Picture of M2M and IoT API
    Figure 12. Product Picture of Content Delivery API
    Figure 13. Product Picture of Others
    Figure 14. Global Telecom API Platform Market Share by Type in 2022 & 2028
    Figure 15. Global Telecom API Platform Market Size by Type (2017-2028) & (US$ Million)
    Figure 16. Global Telecom API Platform Market Share by Type (2017-2028)
    Figure 17. United States Telecom API Platform Market Share by Type in 2022 & 2028
    Figure 18. United States Telecom API Platform Market Size by Type (2017-2028) & (US$ Million)
    Figure 19. United States Telecom API Platform Market Share by Type (2017-2028)
    Figure 20. Product Picture of Enterprise Developer
    Figure 21. Product Picture of Internal Developer
    Figure 22. Product Picture of Partner Developer
    Figure 23. Product Picture of Long Tail Developer
    Figure 24. Global Telecom API Platform Market Share by Application in 2022 & 2028
    Figure 25. Global Telecom API Platform Market Size by Application (2017-2028) & (US$ Million)
    Figure 26. Global Telecom API Platform Market Share by Application (2017-2028)
    Figure 27. United States Telecom API Platform Market Share by Application in 2022 & 2028
    Figure 28. United States Telecom API Platform Market Size by Application (2017-2028) & (US$ Million)
    Figure 29. United States Telecom API Platform Market Share by Application (2017-2028)
    Figure 30. North America Telecom API Platform Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 31. U.S. Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 32. Canada Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 33. Europe Telecom API Platform Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 34. Germany Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 35. France Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 36. U.K. Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 37. Italy Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 38. Russia Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 39. Asia-Pacific Telecom API Platform Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 40. China Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 41. Japan Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 42. South Korea Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 43. India Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 44. Australia Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 45. Taiwan Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 46. Indonesia Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 47. Thailand Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 48. Malaysia Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 49. Philippines Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 50. Latin America Telecom API Platform Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 51. Mexico Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 52. Brazil Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 53. Argentina Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 54. Middle East & Africa Telecom API Platform Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 55. Turkey Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 56. Saudi Arabia Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 57. U.A.E Telecom API Platform Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 58. Google (Apigee) Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 59. Cisco Systems Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 60. Ericsson Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 61. AT&T Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 62. Oracle Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 63. Verizon Communications Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 64. Vodafone Group Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 65. Hewlett Packard Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 66. Nokia (Alcatel Lucent) Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 67. Axway Software Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 68. Huawei Technologies Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 69. ZTE Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 70. Aepona Revenue Growth Rate in Telecom API Platform Business (2017-2022)
    Figure 71. Bottom-up and Top-down Approaches for This Report
    Figure 72. Data Triangulation
    Figure 73. Key Executives Interviewed
Please ask for List of Figures. Request Sample Report
Companies Included in Reports:
Google (Apigee)
Cisco Systems
Ericsson
AT&T
Oracle
Verizon Communications
Vodafone Group
Hewlett Packard
Nokia (Alcatel Lucent)
Axway Software
Huawei Technologies
ZTE
Aepona
Frequently Asked Questions
Telecom API Platform report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Telecom API Platform report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Telecom API Platform report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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