Stratview Research delivers key insights on the AI in Telecommunication Market. According to Stratview Research, the market is segmented By Component Type (Solution, Service), Deployment Model (On-Premise, Cloud), Technology Type (Machine Learning, Natural Language Processing (NLP), Data Analytics), Application Type (Customer Analytics, Network Security, Network Optimization, Self-Diagnostics, Virtual Assistance), and Region.

Market Insights

The report suggests that the overall Artificial Intelligence in Telecommunication Market is estimated to grow from USD 1.79 billion in 2022 and is likely to grow at a CAGR of 19.3% during 2023-2028 to reach USD 11.7 billion by 2028.

Market Dynamics

The AI in telecommunication market is driven by a host of factors, some of which are noted below:

• Increasing adoption of AI solutions across various telecom applications. This growth is being driven by the growing number of AI-enabled smartphones which offer features like image recognition, voice recognition, and robust security, among others, compared to traditional phones.
• AI provides a simpler and easier interface for complex telecom services or processes. Additionally, the popularity of Over-The-Top (OTT) services, such as video streaming, has led to a significant increase in consumer demand for bandwidth. The telecom industry faces high operational expenditure (OpEx) due to the ever-increasing traffic from OTT services.

Market Segments' Analysis

Regional Analysis

North America held the largest share of the market in 2022 and is projected to maintain its dominance throughout the forecast period. This is attributed to the region's evolving technology and communication sector, which is expected to propel the demand for AI in telecommunication within North America.

Key Players

The following are some of the key players in the Artificial Intelligence (AI) in Telecommunication market:

• Nuance Communications, Inc.
• ZTE Corporation
• Infosys Limited
• IBM Corporation
• Google LLC
• Microsoft
• Salesforce, Inc.
• Cisco Systems, Inc.

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for Artificial Intelligence in Telecommunication market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

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