Global AI in Telecommunication Market Research Report by Forecast to 2023

Global AIGlobal in Telecommunication Market Research Report by Forecast to 2023 to 2023 AI in Telecommunication Market Research Report

by Forecast

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Global AI in Telecommunication Market Research Report by Forecast to 2023

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Global AI in Telecommunication Market Research Report by Forecast to 2023

Summary

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Global AI in Telecommunication Market Research Report by Forecast to 2023 The global AI in telecommunication market is predicted to touch USD 1 billion at a 32% CAGR over the forecast period (2018-2023), states the latest Market Research Future (MRFR) report. The role of artificial intelligence in the telecommunication sector was once limited to chatbots. But today it is finding its way into several other areas beyond customer service. Through algorithms, which look for patterns, artificial intelligence is helping to detect and predict network anomalies, allowing operators to fix problems proactively before they impact the customers. By using such intelligent and autonomous network solutions, telecommunication companies are enhancing their service speed and quality, as well as improving customer experience through a reduction in operating cost.

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Global AI in Telecommunication Market Research Report by Forecast to 2023 Major Key Players: •

Huawei Technologies Co. Ltd (China)

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IBM Corporation (US)

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Microsoft Corporation (US)

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Intel Corporation (US)

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Cisco Systems (US)

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Nuance Communication (US)

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ZTE Corporation (China)

Segmentation: •

Based on the component, the AI in telecommunication market is segmented into services and solution. Of these, the services component will have the largest share in the market over the forecast period. The service component is further segmented into managed services and professional service. The solution segment is further sub-segmented into NFV (network function virtualization), SDN (software-defined network), network security, and network optimization.

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Based on deployment mode, the AI in telecommunication market is segmented into on-premise and cloud. Of these, cloud deployment will dominate the market over the forecast period.

Regional Analysis: Based on the region, the AI in telecommunication market report covers growth opportunities and the latest trends across Europe, Asia Pacific, North America, and Rest of the World. Of these, North America will stay at the fore in the market over the forecast period. This is owing to the growing investment from US telecommunication service providers in AI-driven big data solutions to increase revenue and enhance operational efficiency. Moreover, the communication companies here, such as AT&T, are making experiments with artificial intelligence to improve the next-generation wireless technology. This is driving the market growth in this region.

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Global AI in Telecommunication Market Research Report by Forecast to 2023

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