GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN TELECOMMUNICATIONS MARKET FORECAST 2019-2027
• The automated chatbots, personalized offers, and efficiently streamlined customer service processes can be managed to provide enhanced customer service by the telecommunication services if the Artificial Intelligence gets integrated with the former. • By assimilating advanced technologies like Artificial Intelligence, machine learning, etc. and 5G system, the telecommunication operators, can enhance and implement realization of high levels of self-organization, intelligent management and fault-free networks that are much more reliable as compared to the earlier networks. • Advantages like detection of flaws in the network, network security, network optimization & offer virtual assistance are influencing the global market for Artificial Intelligence in telecommunication to propel vigorously at a CAGR of 42.16% from 2019-2027, as estimated by Inkwood Research. • Furthermore, the incorporation of artificial intelligence technologies with upcoming wireless networks is appraised to increase the demand & adoption of such artificial intelligence tools & services in the telecommunication sector.
• The upsurge in mobile data traffic & smartphone users across the world and the integration of AI with newer wireless networks will necessarily drive the global AI in the telecom market. • Concerns related to incompatibility, the unreliability of artificial intelligence algorithms, lack of skilled personnel & difficulties in the protection of confidential & private data are the primary challenges faced by the market players. • With the proliferation of the microcomputer, advanced microprocessor and improved network connection in the 1990s and 2000s, researchers have designed new AI systems for telecom industry that helped in increasing the operational efficiency with the expertise of telecom operators.
The Global Artificial Intelligence in Telecommunication market is growing at a CAGR of 42.16% during the forecast years 20192027.
The North American market for Artificial Intelligence in telecommunication is expected to propel at a CAGR of 42.34% during the forecasting years 2019-2027.
The European market for AI in telecommunication is expected to grow at 41.19% CAGR during the forecasting years of 2019-2027.
The Asia Pacific Artificial Intelligence in the telecommunications market is expected to upsurge at a CAGR of 43.41% during the forecasting years of 2019-2027.
Majority of the companies look for strategies like mergers & acquisitions, partnerships, contracts, agreements & new product launches to their respective growth. Some of these established companies operating in the global market are Infosys Limited, Baidu Inc., Sentient Technologies LLC, Microsoft Corporation, Cisco Systems, Inc., Vodafone Group PLC, Hewlett Packard Enterprise (HPE), AT&T Inc., H2o.ai, Nuance Communication Inc., Salesforce.Com, Inc.,