AI in Telecommunication Market

AI in Telecommunication Market - An Overview

The global artificial intelligence (AI) in telecommunication market is expected to witness strong growth during the forecast period between 2021 and 2031.

AI refers to advanced technologies that combines human intelligence with precise decision making ability. AI focusses on developing intelligent machinery that comprises advanced features such as visual perception, image recognition, and speech recognition.

AI integration in telecommunication industry permits personnel to remove insightful details from large data sets and achieve ease of managing daily business activities as well as resolve problems more efficiently, thereby leading to greater customer satisfaction.

AI in Telecommunication Market - Trends and Opportunities

Growing need to monitor and track content on telecommunication networks has emerged as key growth driver for global AI in telecommunication market.

Also, increasing need to remove human errors from telecommunication networks is expected fuel the demand for advanced technologies such as AI and successful integration of AI in telecommunication could lead improved services, thereby triggering the growth in overall AI in telecommunication market.

Increasing AI integration in smartphones in leading economies globally is expected to create revenue-generation opportunities for prominent players in global AI in telecommunication market.

Growth in 5G technologies in various mobile networks could further augment the growth in overall AI in telecommunication market, in the coming years.

Natural language processing technology segment is expected to make largest contribution, in terms of revenue, to overall market in the coming years because of growing deployment to read information, stored in digitalized formation that are used to decipher human languages in telecom industry in prominent countries worldwide.

AI in Telecommunication Market - Competitive Landscape

The global AI in telecommunication market is highly competitive, with the presence of several leading players, many of whom have become successful owing to years of delivering consistent results and are expected to account for a large share in overall market in future, too.

Emergence of novel players could further intensify competition in overall AI in telecommunication market, in future.

Research and development activities could be key, revenue-generating growth strategy for prominent players in global AI in telecommunication market, in the years. Well-established market players could establish research and development centers which would function exclusively to develop improved understanding of AI intergration in telecommunication.

Collaboration with smaller players could help leading AI in telecommunication market players to expand their market presence and increase their revenue shares.

Few of the well-established players in global AI in telecommunication market include NVIDIA Corporation, Google LLC, Zebra Medical Vision Inc., IBM Corporation, and Sense.ly.

AI in Telecommunication Market - Regional Assessment

The global AI in telecommunication market is divided into five regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is expected to emerge as dominant region in global AI in telecommunication market because of increasing number of telecom firms deploying AI and automation for numerous services in countries such as US and Canada.

Also, presence of several leading players in global AI in telecommunication market in countries in North America is further expected to help market growth in the region, in future.

Europe is anticipated to offer significant revenue-generating opportunities for well-established AI in telecommunication market players in future owing to growing investments in artificial intelligence in a bid to make more informed, data-driven decisions in countries such as France and Germany.

Asia Pacific is projected to witness strong growth in global AI in telecommunication market due to increasing number of innovations in both developing and developed economies in countries such as China and India.

Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate growth in global AI in telecommunication market in the coming years.