The Global AI in Telecommunication Market is projected to reach a value of over USD 7.3 Billion by 2027 at a CAGR of around 39%.
Artificial intelligence (AI) is one of the software technologies that make a computer act and think like a human. AI helps the telecommunication operators to detect flaws in the network, network security, network optimization & offer virtual assistance. Moreover, it allows end users to optimize and improve network capabilities through faster decision making. Furthermore, telecommunication sectors are the rapidly growing industries and the sector which uses artificial intelligence and machine learning in different aspects for their business that includes improving the customer experience for predictive maintenance to enhance the network quality.
Moreover, artificial intelligence in telecommunication improves the customer services with the help of virtual assistants and chatbots.
Market Driver:
The increasing demand for cloud technologies in the field of telecommunication industries leads to improve and enhance networking automation and networking optimization which will lead to an increase in growth for AI in the telecommunication market. Moreover, the organizations are planning to provides flexible digital and information services for the users which cloud-based technologies. Also, it helps to improve network efficiency and reduce cost with network optimization by the operation automation process. Furthermore, Nokia has also launched machine learning-based Automation, Virtualized and Analytics (AVA) and cloud-based network management solutions to improve planning and for the service.
Hence, cloud-based technologies improve the automated process for efficient planning and connectivity of service which is expected to surge the AI in the Telecommunication Market during the forecast period.
The growth in the telecom operation process helps to improve user productivity, network reliability, and also optimize the business growth for high profit. Also, it helps in network maintenance processes and operational services which will increase the business growth of the organization. Moreover, it uses to optimize, disrupt and innovate the operation and services of the telecom industries. Moreover, it is used to automate the network operation and enhanced the customer experience by providing a quick solution. Furthermore, it also benefits to reduce human error, digital assistance, to make faster decisions and boost new inventions growth.
Therefore, enhancement in telecom. operation to rising the demand of the AI in the telecommunication market during the forecast period.
Market Restraint:
With the creation of artificial intelligence required a huge amount of investment as it is a complex machine. Also, the repair and maintenance of the machine required a large amount of cost. Moreover, these technologies contain software programs in which need to update as per the requirements or by the environment. Furthermore, in case of a breakdown, the cost of repair is very high which may lead to hamper the growth of the market in the forecast period.
The report on the AI in telecommunication market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Deployment Mode, Application, Technology, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
AI in Telecommunication Market, by Component
AI in Telecommunication Market, by Deployment Mode
AI in Telecommunication Market, by Application
AI in Telecommunication Market, by Technology
AI in Telecommunication Market, by Region
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY