Global AI in Telecommunication Market is Estimated to Grow at 32% CAGR during the Forecast Period 2018–2023 :

Pune, India, October 16, 2018, MRFR Press Release/- Market Research Future published a half-cooked research report on global AI in telecommunication market.

Market Highlights

Telecommunication industry is experiencing continuous and unparallel changes. Users have shifted from fixed line to mobile, from voice to data. The adoption of over-the-top (OTT) services including video streaming over data, transformed the industry. These factors lead to the increasing demand for higher bandwidth of the network. Increasing bandwidth of the network and handling traffic from OTT services leads to higher operating cost for the service providers. Hence the use of artificial intelligence which reduces the human intervention needed to maintain and configure services and networks, helps telecommunication service providers to reduce operating cost by automating the processes.

Key players

The prominent players in the global AI for telecommunication market are, Huawei Technologies Co. Ltd (China), IBM Corporation (US), Microsoft Corporation (US), Intel Corporation (US), Cisco Systems (US), Nuance Communication (US), ZTE Corporation (China), (US), Salesforce (US), Infosys Limited (India), Google LLC (US).

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Regional Analysis

The global market for AI in telecommunication is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of global AI in telecommunication market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

The increasing investment of telecommunication service providers of the US in big data and AI driven solutions to improve the operational efficiency and increase revenue leads the region of North America to dominate the global market of AI in telecommunication. Moreover, the communication companies in this region such as AT&T is experimenting with AI to enhance the next-gen wireless technology enabling the dominance of this region in the market.

Asia-Pacific is expected to be the fastest growing region in since countries in these regions are investing in research and development of AI for the use in telecommunication industry. For instance, China’s prominent players in telecommunication namely Huawei, China Telecom are teaming up to research for AI in networks for improving the operation and deployment of telecom networks. The companies are adopting SDN and NFV technologies to make network more powerful, flexible and cost efficient.