PUBLISHER: Value Market Research | PRODUCT CODE: 1352929
PUBLISHER: Value Market Research | PRODUCT CODE: 1352929
The global demand for Artificial Intelligence in Telecommunication Market is presumed to reach the market size of nearly USD 26.26 BN by 2030 from USD 1.32 BN in 2022 with a CAGR of 39.4% under the study period 2023 - 2030.
Artificial Intelligence in Telecommunication helps to enable automated customer support systems and make them personalized by effective management of big data. A typical example of AI in the telecom industry is the facilities of virtual assistants or chatbots. It is the imitation of human intelligence services through computers. Its application in the telecommunication industry provides a lot of benefits. With the use of advanced algorithms, it examines the patterns within the massive data in the telecom industry and detects network irregularities and predicts the same. Since artificial intelligence is widely used in the telecom industry nowadays, it helps the communication service providers quickly resolve problems before the network issue could trouble the customers.
The forecast period shows satisfactory growth in Artificial Intelligence in Telecommunication market. The drivers of growth are the coming of superfast 5G mobile network facilities and increasing demand for an efficient network service from the customers. The integration of artificial intelligence on smartphones and the use of AI in several telecom applications will further add to the growth. Most importantly, the telecom industry can reduce operational costs and offer improved customer service by integrating AI into its applications. The increasing use of OTT services and the subsequent consumer demand for a fast bandwidth also pushes the market uphill. The industry will manage this growing expenditure by employing AI services which will minimize human intervention and thus will reduce the maintenance cost. The next generation technology, 5G, will likely create profitable market opportunities, and the key players in this industry will make growing investments in artificial intelligence services.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial intelligence in telecommunication. The growth and trends of artificial intelligence in telecommunication industry provide a holistic approach to this study.
This section of the artificial intelligence in telecommunication market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Artificial Intelligence in Telecommunication market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial intelligence in telecommunication market include IBM Corporation, Microsoft, Intel Corporation, Google, AT&T Intellectual Property, Cisco Systems, Nuance Communications Inc., Evolv Technology Solutions Inc., H2O.ai, Infosys Limited, Salesforce.com Inc., and NVIDIA Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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